Alpine Banks of Colorado announces financial results for second quarter 2026
Rhea-AI Summary
Alpine Banks of Colorado (OTCQX: ALPIB) reported unaudited second quarter 2026 net income of $19.9 million, up 13% from $17.6 million a year earlier, with basic EPS of $1.25. Quarter-over-quarter net income was slightly lower than the first quarter’s $20.2 million.
Net interest income rose to $62.9 million and tax-equivalent net interest margin improved to 3.79%, while the cost of interest-bearing deposits declined to 1.79%. Loans held for investment increased to $4.5 billion, up 6% year-over-year, driven by commercial real estate, commercial and industrial, residential and consumer loans.
The allowance for credit losses rose to 1.14% of loans, with a $4.0 million provision. Nonperforming loans were 0.31% of total loans and annualized net charge-offs were 0.10%. Tangible book value per share increased to $37.59 and the tier 1 leverage ratio reached 10.46%. The company paid and declared quarterly dividends of $0.23 per share. Wealth management assets under management grew to $1.45 billion as of June 30, 2026.
Positive
- Net income up 13% year-over-year to $19.9 million
- Tax-equivalent net interest margin up to 3.79%
- Loans held for investment up 6% year-over-year to $4.5 billion
- Second-quarter 2026 loan originations increased to $458 million
- Cost of interest-bearing deposits reduced to 1.79%
- Tangible book value per share rose to $37.59
- Tier 1 leverage ratio (non-GAAP) increased to 10.46%
- Wealth management assets under management grew to $1.45 billion
- Quarterly cash dividend of $0.23 per share maintained
Negative
- Net income slightly lower sequentially: $19.9M vs $20.2M prior quarter
- Noninterest income down $4.1 million sequentially after OREO gain in Q1
- Provision for credit losses increased to $4.0 million
- Available-for-sale securities sale generated $309,000 net loss
- Total deposits declined $98.1 million quarter-over-quarter
- Nonperforming loans ratio rose year-over-year to 0.31% of loans
- Annualized net charge-offs higher year-over-year at 0.10%
News Market Reaction – ALPIB
In the Jul 31 session, ALPIB declined 0.40%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
GLENWOOD SPRINGS, Colo., July 30, 2026 (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 quarter ended June 30, 2026. The Company reported net income of
Glen Jammaron, Chairman, President and CEO stated, “Our continued support of the communities we serve across Colorado continued to benefit Alpine Bank, as the market disruption throughout the state created new opportunities. We remain committed to those communities as we seek to drive value for our employee-owners and shareholders.”
Second Quarter 2026 Highlights
- Net income for the second quarter of 2026 was
$19.9 million , compared to$20.2 million for the first quarter of 2026 and$17.6 million for the second quarter of 2025. - Basic earnings per share for the second quarter of 2026 was
$1.25 , compared to$1.26 for the first quarter of 2026 and$1.10 for the second quarter of 2025. - Cost of interest-bearing deposits for the second quarter of 2026 was
1.79% , compared to1.81% for the first quarter of 2026 and2.05% for the second quarter of 2025. - Net interest margin, on a tax-equivalent basis, was
3.79% for the second quarter of 2026, compared to3.72% for the first quarter of 2026 and3.50% for the second quarter of 2025. - Nonperforming loans to total loans was
0.31% as of June 30, 2026, compared to0.32% as of March 31, 2026, and0.26% as of June 30, 2025. - Return on average assets for the second quarter of 2026 was
1.18% , compared to1.21% for the first quarter of 2026 and1.06% for the second quarter of 2025. - Tangible book value (non-GAAP) per share was
$37.59 as of June 30, 2026, compared to$36.64 as of March 31, 2026, and$32.87 as of June 30, 2025. - Consolidated total risk-based capital ratio, common equity tier 1 risk-based capital ratio, and tier 1 leverage ratio as of June 30, 2026, were
17.17% ,13.06% , and10.46% , respectively.
Results of Operations, Quarter Ended June 30, 2026
Net Interest Income
Net interest income was
Interest income was
Interest expense was
Noninterest Income and Noninterest Expense
Noninterest income was
Noninterest expense was
Loan Portfolio and Composition
Loan production increased in the second quarter of 2026 with loans held for investment totaling
Investment Portfolio
The Company sold
Deposits
Deposits remained stable during the second quarter of 2026 with deposits totaling
Provision for Credit Losses
The Company recorded a provision for credit losses in the second quarter of 2026 of
The ratio of allowance for credit losses to loans held for investment was
Asset Quality
The ratio of nonperforming loans to total loans was
Capital
Capital levels as of June 30, 2026, remained above regulatory requirements for a well-capitalized bank as set forth in the Company’s attached selected financial data. Book value per Class A and Class B common share increased to
All Class A common share and per share information set forth herein for the periods prior to the third quarter of 2025 have been adjusted to reflect the 150-for-1 stock split of the Class A common shares effective on May 1, 2025.
Dividends
During the second quarter ended June 30, 2026, the Company paid cash dividends of
Alpine Bank Wealth Management*
The Alpine Bank Wealth Management division had assets under management of
About Alpine Banks of Colorado
Alpine Banks of Colorado, through its wholly owned subsidiary Alpine Bank, is a
*Alpine Bank Wealth Management services are not FDIC insured, may lose value, and are not guaranteed by the Bank.
| Contacts: | Glen Jammaron | Mike Burns |
| President/CEO and 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) 259-3090 |
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. 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. There are many factors that could cause actual results to differ materially from those contemplated by forward-looking statements including, but not limited to:
- The ability to attract and retain deposits and loans;
- Demand for financial services in our market areas;
- Adverse economic conditions in our markets or other markets where we have lending relationships;
- Credit risks of lending activities, including loan delinquencies, write-offs, fluctuating collateral values, changes in our allowance for credit losses and provision for credit losses;
- Changes in employment levels, labor shortages, persistent inflation, recessionary pressures or slowing economic growth;
- Increased competitive pressures among financial services companies, including repricing and competitors’ pricing initiatives, and their impact on our market position and loan and deposit products;
- Risks associated with concentrations in real estate-related loans;
- Changes in interest rate levels and volatility, and the timing and pace of such changes, including actions by the Board of Governors of the Federal Reserve System;
- Stability of funding sources and continued availability of borrowings;
- Geopolitical developments and conflicts, including tensions or instability in Eastern Europe, the Middle East and Asia, or the effects of new or increased tariffs and trade restrictions, which may disrupt financial markets, global supply chains, commodity prices or economic activity;
- Effects of a federal government shutdown, debt ceiling standoff or other fiscal uncertainty;
- 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;
- Fluctuations in loan demand, unsold homes, land and property values and secondary market conditions for loans;
- Actions of government regulators, including any increases in FDIC assessments;
- Quality and composition of our securities portfolio and adverse changes in the securities markets;
- The ability to adapt to rapid technological changes, including advancements related to artificial intelligence (“AI”), digital banking platforms and cybersecurity;
- Risks associated with the use of AI in credit underwriting, customer service and operations, including model error, algorithmic bias, regulatory scrutiny under fair lending laws and reliance on third-party AI providers;
- Risks associated with potential cybersecurity incidents, data breaches or failures of key information technology systems;
- Changes in legal or regulatory requirements, including changes in capital requirements, banking regulations, tax laws or consumer protection laws;
- Results of examinations by regulatory authorities and potential requirements to increase our credit loss allowances, write-down assets, reclassify assets, change our regulatory or capital position, or affect our liquidity and earnings;
- Costs and effects of litigation;
- Effects of climate change, severe weather, natural disasters, pandemics, epidemics and other public health crises, acts of war or terrorism, domestic political unrest and other external events;
- Changes in consumer spending, borrowing and savings habits;
- Expectations regarding key growth initiatives and strategic priorities;
- Inability of key third-party providers to fulfill obligations;
- Changes in accounting policies and practices;
- The ability to recruit and retain key management and staff;
- The ability to raise capital or incur debt on reasonable terms;
- Effectiveness of legislation and regulatory efforts to help the U.S. and global financial markets; and
- Other economic, competitive, governmental, regulatory and technological factors affecting our operations, pricing, products and services.
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. We undertake no obligation to update, and we specifically disclaim any obligation to revise, any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Key Financial Measures
The attached tables highlight the Company’s key financial measures for the periods indicated (unaudited).
Alpine Banks of Colorado Key Financial Measures 06.30.2026
| Contact: | Mike Burns, Chief Financial Officer |
| Alpine Banks of Colorado | |
| (970) 259-3090 | |
| mikeburns@alpinebank.com |
