Oakworth Capital Reports 14% Net Income Growth for First Half 2026

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.

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%.