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Allegiance Bancshares, Inc. (NASDAQ: ABTX) announced a conference call scheduled for January 28, 2022, at 9:00 a.m. Central to discuss its fourth quarter and year-end 2021 results. The call will feature CEO Steve Retzloff, President Ray Vitulli, and CFO Paul Egge. An earnings release will precede the call, available on Allegiance’s Investor Relations website. Participants can join via phone or through a live audio webcast. Allegiance provides a range of commercial banking services primarily to small- to medium-sized businesses in the Houston area, operating 27 banking locations.
Allegiance Bancshares and CBTX announced a merger of equals to form a community bank with over $11 billion in assets, enhancing their competitive position in Texas.
Shareholders will receive 1.4184 shares of CBTX for each Allegiance share, resulting in a 54% ownership for Allegiance shareholders. The merger, aimed to close by Q2 2022, is projected to create cost synergies of $35.5 million and EPS accretion of 40% for CBTX and 17% for Allegiance in 2023.
Allegiance Bancshares reported a record net income of $19.1 million and diluted EPS of $0.93 for Q3 2021, marking an increase from $16.2 million and $0.79 in Q3 2020. For the nine months ending September 30, 2021, net income reached $60.0 million, up from $29.6 million in 2020. Deposits grew 15.2% to $5.67 billion, while core loans rose 3.8% to $4.00 billion. The quarterly dividend was declared at $0.12 per share. Overall, the financial metrics indicate strong performance, despite competitive lending conditions.
Allegiance Bancshares, Inc. (NASDAQ: ABTX) will host a conference call on October 28, 2021, at 9:00 a.m. Central to discuss its Q3 2021 results. The call will be led by CEO Steve Retzloff, President Ray Vitulli, and CFO Paul Egge. An earnings release will precede the call, available on Allegiance's Investor Relations website. The conference call can be accessed by dialing (877) 279-2520 or (531) 289-2888 for international callers, using conference ID 6951679. An archived webcast will also be available on their website.
Allegiance Bancshares (NASDAQ: ABTX) reported record net income of $22.9 million and diluted earnings per share of $1.12 for Q2 2021, significantly up from $9.9 million and $0.48, respectively, in Q2 2020. For the first half of 2021, net income reached $40.9 million, nearly tripling year-over-year. Deposits grew 15.6% to $5.43 billion, driven by a substantial increase in both interest-bearing and noninterest-bearing deposits. The board declared a quarterly dividend of $0.12 per share. Despite increasing expenses, the bank maintained a solid efficiency ratio of 57.07% for Q2 2021.
Allegiance Bancshares, Inc. (NASDAQ: ABTX) has declared a cash dividend of $0.12 per share, payable on September 15, 2021, to shareholders of record as of August 31, 2021. This announcement highlights Allegiance's commitment to returning value to its shareholders. As of March 31, 2021, Allegiance managed $6.43 billion in assets and operated 27 full-service banking locations in the Houston region, catering to small- to medium-sized businesses and individual customers. The company's super-community banking strategy aims to foster strong relationships while competing effectively in the banking sector.
Allegiance Bancshares, Inc. (NASDAQ: ABTX) has announced a conference call to discuss its second quarter 2021 results on July 29, 2021, at 9:00 a.m. Central (10:00 a.m. Eastern). The discussion will be led by CEO Steve Retzloff, President Ray Vitulli, and CFO Paul Egge. An earnings release will precede the call, available on Allegiance's website. Interested participants can join the call via phone or a live webcast. Allegiance offers commercial banking services through its subsidiary, Allegiance Bank, with locations primarily in the Houston area.
Allegiance Bancshares (ABTX) reported record net income of $18.0 million and diluted EPS of $0.89 for Q1 2021, up from $3.5 million and $0.17 a year prior. Loans funded through the PPP exceeded $1.04 billion, with deposits growing 35.9% to $5.37 billion. The bank's net interest income increased 23.7% to $55.7 million. A $0.12 dividend was declared, and a share repurchase of 1 million shares was authorized. Asset quality remains stable, with nonperforming assets at 0.55% of total assets.
Allegiance Bancshares, Inc. (NASDAQ: ABTX) has appointed Mr. Raimundo Riojas A. to its Board of Directors, enhancing leadership diversity. Mr. Riojas, CEO of Grupo Duwest, brings significant international experience. Additionally, Allegiance declared a cash dividend of $0.12 per share, payable on June 15, 2021. A share repurchase program was also approved to buy back up to one million shares through April 30, 2022, following the expiration of a previous program. These moves signal Allegiance's commitment to shareholder value and strategic growth.
Allegiance Bancshares, Inc. (NASDAQ: ABTX) will hold a conference call on April 29, 2021, at 9:00 a.m. Central to discuss its first quarter 2021 results. The call will be led by Steve Retzloff, CEO; Ray Vitulli, President; and Paul Egge, CFO. An earnings release will precede the call, available on Allegiance's Investor Relations website. Investors can join the call by dialing (877) 279-2520 or via a live audio-only webcast on their website. Allegiance operates 27 banking locations primarily serving small- to medium-sized businesses in the Houston area.
