Alpine Banks of Colorado announces financial results for first quarter 2025
Alpine Banks of Colorado reported strong financial results for Q1 2025, with net income reaching $14.3 million. The bank saw significant improvements in key metrics, including a net interest margin increase to 3.38% from 2.81% year-over-year.
Total assets grew to $6.64 billion, up 2.1% from December 2024. The loan portfolio expanded by $66.0 million to $4.1 billion, while deposits increased by $118.0 million to $5.9 billion. The bank maintains its "well capitalized" status with strong capital ratios.
Notable developments include the launch of "Mission Possible: Operation Streamline" initiative and shareholder approval of amended articles of incorporation. The amendments include a 150-for-one stock split for Class A common stock and changes to voting rights. The bank continued its dividend payments, declaring $31.50 per Class A share and $0.21 per Class B share.
Alpine Banks of Colorado ha riportato risultati finanziari solidi nel primo trimestre del 2025, con un utile netto pari a 14,3 milioni di dollari. La banca ha registrato miglioramenti significativi nei principali indicatori, inclusa un aumento del margine di interesse netto al 3,38% rispetto al 2,81% dell'anno precedente.
Gli asset totali sono cresciuti fino a 6,64 miliardi di dollari, con un incremento del 2,1% rispetto a dicembre 2024. Il portafoglio prestiti è aumentato di 66,0 milioni di dollari, raggiungendo 4,1 miliardi, mentre i depositi sono cresciuti di 118,0 milioni a 5,9 miliardi. La banca mantiene lo status di "ben capitalizzata" con solidi rapporti patrimoniali.
Tra gli sviluppi rilevanti si segnalano il lancio dell'iniziativa "Mission Possible: Operation Streamline" e l'approvazione da parte degli azionisti delle modifiche agli articoli di incorporazione. Le modifiche includono uno split azionario 150 a 1 per le azioni ordinarie di Classe A e cambiamenti nei diritti di voto. La banca ha continuato a erogare dividendi, dichiarando 31,50 dollari per azione di Classe A e 0,21 dollari per azione di Classe B.
Alpine Banks of Colorado reportó sólidos resultados financieros en el primer trimestre de 2025, con un ingreso neto de 14,3 millones de dólares. El banco experimentó mejoras significativas en métricas clave, incluyendo un aumento del margen de interés neto al 3,38% desde el 2,81% interanual.
Los activos totales crecieron hasta 6,64 mil millones de dólares, un 2,1% más que en diciembre de 2024. La cartera de préstamos se expandió en 66,0 millones hasta alcanzar 4,1 mil millones, mientras que los depósitos aumentaron en 118,0 millones hasta 5,9 mil millones. El banco mantiene su estatus de "bien capitalizado" con sólidos índices de capital.
Entre los desarrollos destacados se encuentra el lanzamiento de la iniciativa "Mission Possible: Operation Streamline" y la aprobación por parte de los accionistas de las modificaciones a los estatutos sociales. Las enmiendas incluyen una división de acciones 150 a 1 para las acciones ordinarias Clase A y cambios en los derechos de voto. El banco continuó con el pago de dividendos, declarando 31,50 dólares por acción Clase A y 0,21 dólares por acción Clase B.
알파인 뱅크 오브 콜로라도는 2025년 1분기에 강력한 재무 실적을 보고했으며, 순이익은 1,430만 달러에 달했습니다. 은행은 주요 지표에서 눈에 띄는 개선을 보였으며, 순이자마진은 전년 대비 2.81%에서 3.38%로 상승했습니다.
총 자산은 66억 4천만 달러로 2024년 12월 대비 2.1% 증가했습니다. 대출 포트폴리오는 6,600만 달러 증가하여 41억 달러에 이르렀고, 예금은 1억 1,800만 달러 증가해 59억 달러가 되었습니다. 은행은 강력한 자본 비율로 "우량 자본" 상태를 유지하고 있습니다.
주요 발전 사항으로는 "Mission Possible: Operation Streamline" 이니셔티브 출범과 주주들의 정관 수정 승인 등이 있습니다. 수정안에는 클래스 A 보통주에 대한 150대 1 주식 분할과 의결권 변경이 포함되어 있습니다. 은행은 클래스 A 주당 31.50달러, 클래스 B 주당 0.21달러의 배당금을 계속해서 지급했습니다.
Alpine Banks of Colorado a annoncé de solides résultats financiers pour le premier trimestre 2025, avec un bénéfice net atteignant 14,3 millions de dollars. La banque a enregistré des améliorations significatives sur des indicateurs clés, notamment une augmentation de la marge d'intérêt nette à 3,38 % contre 2,81 % d'une année sur l'autre.
Le total des actifs a augmenté pour atteindre 6,64 milliards de dollars, en hausse de 2,1 % par rapport à décembre 2024. Le portefeuille de prêts s'est accru de 66,0 millions pour atteindre 4,1 milliards, tandis que les dépôts ont progressé de 118,0 millions pour atteindre 5,9 milliards. La banque maintient son statut de « bien capitalisée » avec des ratios de capital solides.
Parmi les développements notables figurent le lancement de l'initiative « Mission Possible : Operation Streamline » et l'approbation par les actionnaires des modifications des statuts. Ces modifications comprennent un fractionnement d'actions de 150 pour 1 pour les actions ordinaires de classe A ainsi que des changements dans les droits de vote. La banque a poursuivi le versement de dividendes, déclarant 31,50 $ par action de classe A et 0,21 $ par action de classe B.
Alpine Banks of Colorado meldete starke Finanzergebnisse für das erste Quartal 2025 mit einem Nettogewinn von 14,3 Millionen US-Dollar. Die Bank verzeichnete deutliche Verbesserungen bei wichtigen Kennzahlen, darunter eine Steigerung der Nettozinsmarge von 2,81 % auf 3,38 % im Jahresvergleich.
Die Gesamtaktiva wuchsen auf 6,64 Milliarden US-Dollar, ein Anstieg von 2,1 % gegenüber Dezember 2024. Das Kreditportfolio wuchs um 66,0 Millionen auf 4,1 Milliarden US-Dollar, während die Einlagen um 118,0 Millionen auf 5,9 Milliarden stiegen. Die Bank behält ihren Status als "gut kapitalisiert" mit starken Kapitalquoten bei.
Bemerkenswerte Entwicklungen sind die Einführung der Initiative "Mission Possible: Operation Streamline" sowie die Aktionärszustimmung zu geänderten Satzungsartikeln. Die Änderungen umfassen einen Aktiensplit von 150 zu 1 für Stammaktien der Klasse A und Änderungen der Stimmrechte. Die Bank setzte ihre Dividendenzahlungen fort und erklärte eine Dividende von 31,50 USD je Klasse-A-Aktie und 0,21 USD je Klasse-B-Aktie.
- Net income increased 35% YoY to $14.3 million in Q1 2025
- Net interest margin improved to 3.38% from 2.81% YoY
- Total assets grew 2.1% to $6.64 billion in Q1 2025
- Loan portfolio increased by $66.0 million (1.6%) in Q1 2025
- Total deposits increased by $118.0 million (2.0%) in Q1 2025
- Bank maintains 'well capitalized' status with strong capital ratios
- Book value per share increased by $204.63 for Class A shares in Q1
- Alpine Bank Wealth Management assets decreased 3.8% to $1.32 billion
- Noninterest expense increased by $0.8 million QoQ
- Provision for loan losses increased to $1.8 million from $1.5 million QoQ
- Brokered certificates of deposit decreased 60.7% YoY to $185.0 million
GLENWOOD SPRINGS, Colo., April 30, 2025 (GLOBE NEWSWIRE) -- Alpine Banks of Colorado (OTCQX: ALPIB) (“Alpine” or the “Company”), the holding company for Alpine Bank (the “Bank”), today announced results (unaudited) for the first quarter ended March 31, 2025. The Company reported net income of
Highlights in first quarter 2025 include:
- Basic earnings per Class A common share increased
3.9% , or$5.07 , during first quarter 2025. - Basic earnings per Class A common share increased
36.3% , or$35.67 , compared to first quarter 2024. - Basic earnings per Class B common share increased
3.9% , or$0.03 , during first quarter 2025. - Basic earnings per Class B common share increased
36.3% , or$0.23 , compared to first quarter 2024. - Net interest margin for first quarter 2025 was
3.38% , compared to3.18% in fourth quarter 2024, and2.81% in first quarter 2024.
“We are pleased with the start to 2025 as shown in our first quarter 2025 financial performance,” said Glen Jammaron, Alpine Banks of Colorado President and Vice Chairman. “Customer deposit growth continued, led by a strong winter season in our resort markets. Additionally, we saw our loan portfolio totals begin growing again following a slow 2024. Net income increased
Net Income
Net income for first quarter 2025 and fourth quarter 2024 was
Net income for the three months ended March 31, 2025, and March 31, 2024, was
Net interest margin increased from
Assets
Total assets increased
Loans
Loans outstanding as of March 31, 2025, totaled
Loans outstanding as of March 31, 2025, reflected an increase of
Deposits
Total deposits increased
Total deposits of
Capital
The Bank continues to be designated as a “well capitalized” institution as its capital ratios exceed the minimum requirements for this designation. As of March 31, 2025, the Bank’s Tier 1 Leverage Ratio was
Book value per share on March 31, 2025, was
Amended and Restated Articles of Incorporation
On April 10, 2025, the shareholders of Alpine approved amended and restated articles of incorporation to affect the following actions, among other things:
- Increase from 15,100,000 to 30,000,000 the total authorized shares of common stock that the Company is authorized to issue;
- Increase from 100,000 to 15,000,000 the authorized shares of the Class A common stock;
- Effect a forward stock split of the outstanding shares of the Class A common stock by a ratio of 150‐for‐one;
- Provide that holders of Class A common stock and Class B common stock shall be entitled to share equally, on a per share basis based upon the number of shares issued and outstanding, in dividends and other distributions;
- Provide that each one share of Class B common stock shall be entitled to one vote;
- Provide that each one share of Class A common stock shall be entitled to twenty votes;
- Provide that unless otherwise required by law the Class A common stock and Class B common stock will vote together as a single class on all matters, including the election of directors;
- Provide that a majority of the total voting power of the outstanding shares of common stock entitled to vote shall constitute a quorum at any meeting of shareholders; and
- Provide that the approval of certain corporate actions requires the approval of more than 66 2/
3% of the voting power of the outstanding shares of common stock entitled to vote.
Alpine anticipates that the amended and restated articles of incorporation and related stock split of the Class A common stock will become effective on May 1, 2025.
Additional information can be found in the proxy materials for our 2025 Annual Meeting of Stockholders at www.alpinebank.com/who‐we‐are/investor‐relations.html.
Dividends
During first quarter 2025, the Company paid cash dividends of
About Alpine Banks of Colorado
Alpine Banks of Colorado, is a
*Alpine Bank Wealth Management services are not FDIC insured, may lose value, and are not guaranteed by the Bank.
| Contacts: | Glen Jammaron | Eric A. Gardey |
| President and Vice Chairman | Chief Financial Officer | |
| Alpine Banks of Colorado | Alpine Banks of Colorado | |
| 2200 Grand Avenue | 2200 Grand Avenue | |
| Glenwood Springs, CO 81601 | Glenwood Springs, CO 81601 | |
| (970) 384‐3266 | (970) 384‐3257 |
A note about forward‐looking statements
This press release contains “forward‐looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward‐looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “reflects,” “believes,” “can,” “would,” “should,” “will,” “estimates,” “looks forward to,” “continues,” “expects” and similar references to future periods. Examples of forward‐looking statements include, but are not limited to, statements we make regarding our evaluation of macro‐environment risks, Federal Reserve rate management, and trends reflecting things such as regulatory capital standards and adequacy. Forward‐looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward‐looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward‐looking statements. We caution you therefore against relying on any of these forward‐looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward‐looking statement include, but are not limited to:
- The ability to attract new deposits and loans;
- Demand for financial services in our market areas;
- Competitive market‐pricing factors;
- Changes in assumptions underlying the establishment of allowances for loan losses and other estimates;
- Effects of future economic, business and market conditions, including higher inflation;
- Adverse effects of public health events, such as the COVID‐19 pandemic, including governmental and societal responses;
- Deterioration in economic conditions that could result in increased loan losses;
- Actions by competitors and other market participants that could have an adverse impact on expected performance;
- Risks associated with concentrations in real estate‐related loans;
- Risks inherent in making loans, such as repayment risks and fluctuating collateral values;
- Market interest rate volatility, including changes to the federal funds rate;
- Stability of funding sources and continued availability of borrowings;
- Geopolitical events, including global tariffs, acts of war, international hostilities and terrorist activities;
- Assumptions and estimates used in applying critical accounting policies and modeling, including under the CECL model, which may prove unreliable, inaccurate, or not predictive of actual results;
- Actions of government regulators, including potential future changes in the target range for the federal funds rate by the Board of Governors of the Federal Reserve;
- Sale of investment securities in a loss position before their value recovers, including as a result of asset liability management strategies or in response to liquidity needs;
- Any increases in FDIC assessments;
- Risks associated with potential cybersecurity incidents, data breaches or failures of key information technology systems;
- The ability to maintain adequate liquidity and regulatory capital, and comply with evolving federal and state banking regulations;
- Changes in legal or regulatory requirements or the results of regulatory examinations that could restrict growth;
- The ability to recruit and retain key management and staff;
- The ability to raise capital or incur debt on reasonable terms; and
- Effectiveness of legislation and regulatory efforts to help the U.S. and global financial markets.
There are many factors that could cause actual results to differ materially from those contemplated by forward‐looking statements. Any forward‐looking statement made by us in this press release or in any subsequent written or oral statements attributable to the Company are expressly qualified in their entirety by the cautionary statements above. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update any forward‐looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
| Contact: | Eric A. Gardey, Chief Financial Officer |
| Alpine Banks of Colorado | |
| (970) 384‐3257 | |
| ericgardey@alpinebank.com |
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