Oakworth Capital Inc. Declares Annual Dividend
The Board of Directors of Oakworth Capital Inc. met recently and announced a notable achievement: an annual dividend of $0.45 per common share. This marks the 10th consecutive year that the company has provided a cash dividend to its shareholders, showcasing their commitment to returning value to investors.
Amazing Consistency in Dividends
Diving into the details, this annual dividend is expected to be payable on January 15, 2025, to all shareholders who are on record by December 13, 2024. This consistent approach to dividends reflects Oakworth's solid financial foundation and strategic operational management.
Understanding Oakworth Capital Inc.
Oakworth Capital Inc. operates as the bank holding company for Oakworth Capital Bank, which has established itself as a key player in the banking sector since its inception in 2008. Their headquarters is in Birmingham, and they maintain several branches throughout the Southeast, providing a wide range of financial services including commercial and private banking, along with wealth management and advisory services.
Recognition and Performance Metrics
Over the years, Oakworth has received several accolades, earning a repeated spot on American Banker's list of the "Best Bank to Work For." They have enjoyed a strong reputation, achieving the top position for six years in a row. Recently, they ranked second, emphasizing their dedication to fostering an exceptional workplace environment.
Impressive Net Promoter Score
The 2023 Net Promoter Score (NPS) for Oakworth was an impressive 96, reflecting their high level of customer satisfaction. This strong performance is complemented by a client retention rate of 97%, which speaks volumes about their commitment to service excellence and positive client relationships.
Financial Strength
As of a recent reporting period, Oakworth Capital Inc. showcased a robust financial stance with total assets amounting to $1.7 billion. They also reported $1.4 billion in gross loans and $1.5 billion in deposits, alongside $2.3 billion in wealth and trust assets under management. These figures highlight the company's sound management and growth trajectory in the financial sector.
Connect with Oakworth Capital Inc.
Individuals or parties interested in learning more about Oakworth Capital or inquiring about services are encouraged to reach out directly to Jenifer Kimbrough, who can be contacted at 205-263-4704. For those who prefer email communication, they can connect via jenifer.kimbrough@oakworth.com.
Frequently Asked Questions
What is the significance of Oakworth Capital's annual dividend?
Oakworth Capital's annual cash dividend demonstrates their ongoing commitment to shareholder value and financial stability, making it a notable aspect of their financial strategy.
How long has Oakworth Capital been offering dividends?
Oakworth Capital has consistently provided annual dividends to shareholders for ten consecutive years, showcasing reliability in their financial distributions.
What services does Oakworth Capital Bank offer?
Oakworth Capital Bank offers a variety of financial services including commercial and private banking, wealth management, and advisory services tailored to meet the needs of their clients.
How has Oakworth Capital been recognized in the banking industry?
Oakworth Capital has been recognized as one of the "Best Banks to Work For" in the industry, reflecting their positive corporate culture and employee satisfaction.
What was Oakworth Capital's recent financial performance?
As of the latest reports, Oakworth Capital had total assets of $1.7 billion, with strong performance in loans, deposits, and wealth management assets, indicating solid financial health.
