Oakworth Capital Q2 Net Income Jumps 14% on Loan Growth and Wealth Fees
OAKC sits 35% above its 52-week low of $29.6.
Summary
Oakworth Capital posted Q2 net income of $5.87 million, up 14% year-over-year, with diluted EPS rising 10% to $1.13. Revenue growth was broad-based: net interest income reached $18.44 million, loans grew 15%, deposits 12%, and trust and wealth fee income surged 22%. The bank cited expense control alongside revenue gains. This follows a strong Q1 where revenue rose 13% to $22.3 million, suggesting sustained momentum. No forward guidance was provided, but the core banking and wealth management engines are firing on all cylinders.
At the time of this announcement, OAKC was trading at $40.00 on OTC in the Finance sector, with a market capitalization of approximately $201.6M. The 52-week trading range was $29.60 to $42.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.