The firm’s performance through June 30, 2026, reflects steady asset accumulation, with year-over-year loan growth hitting 15% to reach $1.7 billion. Deposit levels also climbed 12% to $1.8 billion, while wealth assets under management surged 22% to $2.96 billion. These core business gains were supported by disciplined expense management, even after accounting for a strategic $872,000 write-down of real estate assets in the first quarter.
Oakworth Capital Reports 14% Net Income Growth for First Half 2026
Birmingham-based Oakworth Capital Inc. posted a 14% increase in net income for the first half of 2026, reaching $10.7 million compared to $9.4 million during the same period last year. The financial holding company attributed the gains to robust expansion in its core banking and wealth management operations.
Chairman and CEO Scott Reed noted that the second-quarter results validate the company's focus on profitable execution across its four regional markets. Diluted earnings per share rose to $2.07 from $1.89 in the first half of 2025. While non-interest expenses grew 12% to $28.2 million, the company maintained a return on average assets of 1.1% and a return on average equity of 14.0%. Oakworth, which oversees Oakworth Capital Bank, continues to operate with a total risk-based capital ratio of 11.9%.
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