Oakworth Capital posted first-half net income of $10.7 million, up 14% from a year earlier; diluted EPS rose 10% to $2.07.
Revenue climbed 15% to $45.7 million, driven by 14% growth in net interest income and a 22% rise in trust and wealth fees.
Non-interest expense increased 12% to $28.2 million, including an $872,000 strategic write-down of other real estate in 1Q.
Period-end loans grew 15% to $1.7 billion, deposits rose 12% to $1.8 billion, and wealth assets advanced 22% to $2.96 billion.
Chairman and CEO Scott Reed said the company is focused on “profitable execution” across its four markets, citing second-quarter performance and balanced growth goals.
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