newsfilter
← Latest News
GlobeNewswire·

Alpine Banks of Colorado announces financial results for second quarter 2026

ALPIB
  • Alpine Banks of Colorado reported net income of $19.9 million for the second quarter ended June 30, 2026, a 13% increase from $17.6 million in the same period in 2025.
  • Basic earnings per share for the quarter were $1.25, up from $1.10 in the second quarter of 2025.
  • Net interest income rose to $62.9 million, driven by a net interest margin of 3.79% and increased loan balances.
  • The cost of interest-bearing deposits decreased to 1.79%, while interest expense fell to $20.7 million due to reduced rates paid on deposits.
  • Noninterest income was $13.7 million, down from $17.7 million in the first quarter of 2026 primarily due to lower profits from OREO property sales.
  • Noninterest expense decreased to $48.2 million from $50.4 million in the first quarter, attributed to lower salaries, benefits, & business development costs.
  • Loans held for investment totaled $4.5 billion as of June 30, 2026, representing an 11% annualized increase from the first quarter.
  • Total loans originated reached $458 million in the second quarter, significantly higher than the $254 million originated in the first quarter.
  • The provision for credit losses was recorded at $4.0 million, with $1.8 million allocated to loan closings & growth.
  • Nonperforming loans to total loans stood at 0.31% as of June 30, 2026, with annualized net charge-offs at 0.1%.
  • Consolidated total risk-based capital ratio was 17.17%, common equity tier 1 ratio was 13.06%, & tier 1 leverage ratio was 10.46%.
  • Tangible book value per share was $37.59 as of June 30, 2026, compared to $32.87 in the prior year.
  • Total deposits were $5.9 billion, with noninterest-bearing deposits representing 30.2% of the total.
  • The Company sold $49.0 million in available-for-sale securities, resulting in a net loss of $309,000 to fund loan growth.
  • Cash dividends of $0.23 per share were paid during the quarter, with a new $0.23 dividend declared on July 9, 2026.
  • Alpine Bank Wealth Management reported $1.45 billion in assets under management as of June 30, 2026.