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) reported robust third-quarter 2021 results with net income reaching $16.2 million, equivalent to $157.90 per Class A share. Total assets surpassed $6 billion, marking a 19% increase year-over-year. Book value per Class A share rose to $4,009.23, and core deposits grew by 5.9%. However, loan balances fell by 2.2% due to a decrease in commercial loans, attributed to PPP forgiveness. The bank remains well-capitalized with a Tier 1 Risk-Based Capital Ratio at 13.09%.
Alpine Banks of Colorado (OTCQX: ALPIB) announced a quarterly cash dividend of $0.16 per Class B nonvoting common share, payable on November 1, 2021. Shareholders of record as of October 25, 2021 will receive this dividend, which is unchanged from the previous quarter. The Class A voting shares will also maintain a quarterly dividend of $24.00, reflecting stability in the company's dividend policy. Alpine Banks, which operates a $5.8 billion organization, employs over 790 people, providing a range of banking services across Colorado.
Alpine Banks of Colorado (OTCQX: ALPIB) will host a live presentation by CFO Eric Gardey on September 21, 2021, at 10:30 AM ET, as part of the Virtual Investor Conference series. The event offers an interactive platform for investors to ask questions and will be archived for later viewing. As of June 30, 2021, the bank reported total assets of $5.8 billion, a year-to-date ROA of 1.09%, and a YTD ROE of 15.49%. Interested parties are encouraged to pre-register for the event.
Alpine Banks of Colorado (OTCQX: ALPIB) reported a net income of $15.7 million for Q2 2021, or $152.16 per Class A share. This marks an increase from $14.1 million in Q1 2021. Key achievements include 2.5% loan growth and 2.8% deposit growth during the quarter. However, interest income decreased by $1.9 million due to lower yields. Total assets reached $5.8 billion, up 2.6% from Q1 2021. Dividends were maintained at $24.00 per Class A and $0.16 per Class B share. The bank is well-capitalized with strong ratios.
Alpine Banks of Colorado (OTCQX: ALPIB) announced a quarterly cash dividend of $0.16 per Class B nonvoting common share, payable on July 26, 2021, to shareholders of record by July 19, 2021. This dividend remains unchanged from the previous quarter. Additionally, a cash dividend of $24.00 per Class A voting common share will also be paid on the same date to its shareholders. The bank, founded in 1973, has over $5.6 billion in assets and employs more than 800 people across Colorado.
Alpine Banks of Colorado (OTCQX: ALPIB) reported a net income of $14.1 million for Q1 2021, with basic Class A and Class B earnings per share at $136.60 and $0.91, respectively. Key achievements included a 2.6% increase in book value per Class A share to $3,746.01 and a 10.1% growth in deposits, totaling $5.0 billion. Loans increased 3.5% to $3.3 billion, driven by commercial and residential lending. The bank remains well-capitalized with Tier 1 capital ratios above requirements. Dividends of $24.00 per Class A share were paid, reflecting solid financial performance.
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Alpine Banks of Colorado (OTCQX: ALPIB) declared a quarterly cash dividend of $0.16 per Class B nonvoting common share, to be paid on April 26, 2021, to shareholders of record as of April 19, 2021. This dividend is consistent with the previous quarter's payout. Additionally, a $24.00 quarterly cash dividend will be paid for Class A voting common shares, which are not publicly traded. Alpine Banks of Colorado has over $5 billion in assets, operates 39 banking offices, and maintains a strong financial rating.
Alpine Banks of Colorado (OTCQX: ALPIB) has declared a quarterly cash dividend of $18.00 per share for both Class A and Class B common shares. This dividend, scheduled for payment on October 26, 2020, marks a 12.5% increase of $2.00 from the previous quarter. Shareholders of record as of October 19, 2020 will receive this payment. The bank, with $4.7 billion in assets and a 5-star rating from BauerFinancial, serves over 150,000 customers across 40 locations in Colorado.