GlobeNewswire·Oct 28, 2026, 4:15 PM ET

Alpine Banks of Colorado announces financial results for third quarter 2026

Alpine Banks of Colorado reported net income of $20.1 million for the third quarter of 2026, an 8.6% increase from $18.5 million in the same period of 2025.
The company announced leadership changes, appointing Jay Rickstrew as Vice Chairman & President of the Bank & Matt Teeters as Chief Retail Officer.
Alpine Bank plans to open a new branch in Littleton, Colorado, in the spring of 2027.
Net interest income reached $64.3 million in Q3 2026, driven by higher interest income resulting from increased loan balances.
Noninterest expense rose to $51.9 million in Q3 2026, attributed to increased salaries, benefits, & other expenses.
Total loans held for investment remained flat at $4.5 billion as of September 30, 2026, representing a 6.9% increase from September 30, 2025.
Total deposits were stable at $5.9 billion as of September 30, 2026, reflecting a 3.0% decrease from the prior year.
The provision for credit losses was recorded at $2.5 million for the quarter, with $1.0 million related to credit losses & $0.9 million to increasing the allowance by two basis points.
The ratio of nonperforming loans to total loans was 0.34% as of September 30, 2026.
Tangible book value per common share was $38.10 as of September 30, 2026, up from $37.59 in the second quarter.
The company declared a cash dividend of $0.23 per share payable on October 26, 2026.
Alpine Bank Wealth Management reported assets under management of $1.42 billion as of September 30, 2026.