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Alpine Banks of Colorado (ALPIB) provides comprehensive financial services as an employee-owned institution with deep roots in Colorado communities since 1973. This news hub offers investors and stakeholders timely updates on this 5-star BauerFinancial-rated bank trading on the OTCQX® Best Market.
Access official announcements including quarterly earnings, leadership updates, and strategic initiatives impacting Colorado's Western Slope and Front Range markets. Track developments in commercial lending practices, community reinvestment programs, and digital banking innovations from this $6.4 billion financial institution.
Our curated news collection serves as your primary source for understanding ALPIB's market position, regulatory filings, and customer-focused initiatives. Bookmark this page for verified updates on one of Colorado's largest independent banks, recognized for maintaining strong capital ratios and serving 170,000 account holders.
Alpine Banks of Colorado (OTCQX: ALPIB) reported net income of $11.7 million for Q2 2024, with earnings per Class A share at $108.89 and Class B share at $0.73. The company saw a 10.7% increase in basic earnings per share during Q2 2024, but an 18.9% decrease compared to Q2 2023. The net interest margin improved to 2.87% from 2.81% in Q1 2024. Total assets decreased by 1.7% to $6.47 billion, while loans increased by 0.9% to $4.1 billion. Deposits decreased by 2.0% to $5.8 billion. The Bank maintains a 'well capitalized' status with strong capital ratios.
Alpine Banks of Colorado (OTCQX: ALPIB) announced a quarterly cash dividend of $0.20 per Class B nonvoting common share, payable on July 29, 2024, to shareholders of record as of July 22, 2024.
According to the Articles of Incorporation, dividends for Class B shares are set at 1/150th of those for Class A shares. The Class A voting common shares, which are not publicly traded, will receive a $30.00 dividend per share, also payable on July 29, 2024. This dividend amount remains consistent with the previous quarter's payout.
Alpine Banks of Colorado reported net income of $10.6 million for the first quarter of 2024, with basic earnings per Class A common share decreasing by 3.9% and Class B common share decreasing by 45.5% compared to the same period in 2023. The net interest margin for the quarter was 2.81%, down from 2.84% in the previous quarter and 3.52% in the first quarter of 2023. Total assets increased by 2.6% to $6.59 billion, with assets under Alpine Bank Wealth Management division reaching $1.25 billion. Loans outstanding totaled $4.0 billion, and total deposits rose to $5.9 billion, reflecting an increase of $196.1 million compared to the previous year. The Bank remains well-capitalized, with capital ratios exceeding minimum requirements.
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