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Allegiance Bancshares, Inc. (NASDAQ: ABTX) has appointed Jon-Al Duplantier to its Board of Directors. With a strong background in corporate governance and leadership, Duplantier was previously President of Rental Tools and Well Services at Parker Drilling Company. His career includes legal expertise at DuPont, enhancing Allegiance's board diversity. CEO Steven F. Retzloff welcomed Duplantier, emphasizing his contributions to strategy and risk management. As of December 31, 2020, Allegiance had $6.05 billion in assets and operated 28 banking locations serving the Houston area.
Allegiance Bancshares (NASDAQ: ABTX) reported a 21.2% growth in assets to $6.05 billion as of December 31, 2020. The company achieved a net income of $15.9 million for Q4 2020, up from $14.0 million in Q4 2019, with diluted earnings per share of $0.77. Despite a decline in annual net income to $45.5 million from $53.0 million, Allegiance increased its quarterly dividend by 20% to $0.12 per share, reflecting a commitment to shareholder value amid challenges from COVID-19.
Allegiance Bancshares, Inc. (NASDAQ: ABTX) will host a conference call on January 28, 2021, at 9:00 a.m. Central to discuss its fourth quarter and year-end 2020 results. The call will feature CEO Steve Retzloff, President Ray Vitulli, and CFO Paul Egge. The earnings release is scheduled for the same day before market opening and will be available on Allegiance’s website. Interested parties can participate by calling (877) 279-2520 or via a webcast on the Investor Relations page.
Allegiance Bancshares, Inc. (NASDAQ: ABTX) reported a record net income of $16.2 million and diluted earnings per share of $0.79 for Q3 2020, reflecting a 34.2% increase in net income and 38.6% growth in EPS from Q3 2019. Deposits rose 4.6% over Q2 2020, with total loans up 0.8% from the previous quarter. Noninterest income decreased by 36.0% year-over-year due to lower fees and bank rebates. The efficiency ratio improved to 60.58%. A quarterly dividend of $0.10 per share was declared, demonstrating the company's commitment to shareholder returns.
Allegiance Bancshares, Inc. (NASDAQ: ABTX) announced a conference call set for October 29, 2020, at 9:00 a.m. Central to discuss its third quarter results. The earnings release will be available before market opening on the same day on Allegiance's Investor Relations website. CEO Steve Retzloff, President Ray Vitulli, and CFO Paul Egge will host the call, which can be accessed via phone or a live webcast. Allegiance operates 28 banking locations primarily serving small to medium-sized businesses in the Houston area, emphasizing diversified commercial banking services.
Allegiance Bancshares, Inc. (NASDAQ: ABTX) announced a conference call scheduled for July 30, 2020, at 9:00 a.m. Central to discuss its second-quarter 2020 results. This call will be hosted by CEO Steve Retzloff, President Ray Vitulli, and CFO Paul Egge. A related earnings release will be available before the market opens on the same day. The public can participate by dialing into the conference or accessing a live webcast through Allegiance's Investor Relations website.
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