ALPINE BKS COLO CL B - ALPIB STOCK NEWS

Alpine Banks of Colorado (ALPIB) reported Q3 2024 net income of $13.6 million, or $127.16 per Class A share and $0.85 per Class B share. Key highlights include a net interest margin increase to 2.98% from 2.87% in Q2 2024. Total assets grew 1.7% to $6.58 billion, while total deposits increased 1.3% to $5.9 billion. The loan portfolio decreased 0.9% to $4.0 billion. The Bank maintains 'well capitalized' status with a Tier 1 Leverage Ratio of 9.62%. The company declared cash dividends of $30.00 per Class A share and $0.20 per Class B share.

Alpine Banks of Colorado (OTCQX: ALPIB) has announced a quarterly cash dividend for its shareholders. The company will pay $0.20 per Class B nonvoting common share on October 28, 2024, to shareholders of record as of October 21, 2024. Additionally, a dividend of $30.00 per Class A voting common share will be paid on the same dates.

The dividend amounts remain unchanged from the previous quarter. As per the company's Articles of Incorporation, the Class B dividend is set at 1/150th of the Class A dividend. While Class B shares are publicly traded on the OTCQX® Best Market under the symbol 'ALPIB', Class A shares are not publicly traded.

Alpine Banks of Colorado (OTCQX: ALPIB) reported net income of $11.7 million for Q2 2024, with earnings per Class A share at $108.89 and Class B share at $0.73. The company saw a 10.7% increase in basic earnings per share during Q2 2024, but an 18.9% decrease compared to Q2 2023. The net interest margin improved to 2.87% from 2.81% in Q1 2024. Total assets decreased by 1.7% to $6.47 billion, while loans increased by 0.9% to $4.1 billion. Deposits decreased by 2.0% to $5.8 billion. The Bank maintains a 'well capitalized' status with strong capital ratios.

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.

Alpine Bank announces the retirement of four long-time board members and the appointment of four new members. The retiring members include John Cooper, Stan Kornasiewicz, Bruce Robinson, and Dave Scruby, while the new appointees are Eric Gardey, Rachel Gerlach, Andrew Karow, and Jay Rickstrew. The bank expresses gratitude for the retiring members' service and excitement for the combined 120 years of experience the new members bring to the board.

Alpine Banks of Colorado (ALPIB) declared a quarterly cash dividend of $0.20 per Class B nonvoting common share and $30.00 per Class A voting common share, to be paid on April 29, 2024. The dividend amounts remain unchanged from the previous quarter.

Alpine Banks of Colorado (ALPIB) reported a net income of $11.0 million for the fourth quarter of 2023, with basic earnings per Class A common share decreasing by 6.1%, and net interest margin decreasing to 2.84%. The company's total assets decreased by 0.8% to $6.42 billion, while total deposits decreased by 2.2% to $5.7 billion. However, the company remains 'well capitalized' with capital ratios exceeding minimum requirements.

Alpine Banks of Colorado (OTCQX: ALPIB) declares unchanged quarterly cash dividends of $30.00 per Class A voting common share and $0.20 per Class B nonvoting common share, to be paid on January 29, 2024, to shareholders of record at the close of business on January 22, 2024.