Welcome to our dedicated page for ALPINE BKS COLO news (Ticker: ALPIB), a resource for investors and traders seeking the latest updates and insights on ALPINE BKS COLO stock.
Alpine Banks of Colorado (OTCQX: ALPIB) is the parent company of Alpine Bank, an independent, employee-owned commercial bank headquartered in Glenwood Springs, Colorado. This news page aggregates company-issued updates and market announcements related to ALPIB, giving readers a centralized view of how the bank communicates its performance, capital actions, and community-focused strategy.
News about Alpine Banks of Colorado often covers its financial results, including quarterly earnings, net interest margin trends, loan and deposit growth, and capital ratios. The company regularly issues press releases detailing its net income, loan portfolio composition, deposit mix, and balance sheet developments, as well as commentary from leadership on operating conditions and opportunities in the Colorado banking sector.
Investors and observers will also find announcements on dividends, stock repurchase programs, and capital structure changes, such as exchange offers between Class A and Class B common stock and private placements of subordinated notes. Governance and leadership updates, including board changes and executive appointments, are another recurring theme in the company’s news flow.
Because Alpine Banks of Colorado emphasizes its role as an independent, Colorado-focused community bank, many releases highlight its service to personal and business customers across Colorado’s Western Slope, mountains, and Front Range. By following this ALPIB news feed, readers can monitor how the company manages capital, reports financial performance, and describes its ongoing commitment to Colorado communities and customers.
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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