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Alpine Banks of Colorado reports developments for its role as the holding company for Alpine Bank, an independent, employee-owned Colorado bank founded in 1973. Through Alpine Bank, the company provides personal banking, business banking, wealth management, mortgage, and electronic banking services across Colorado's Western Slope, mountain communities, and Front Range. Its Class B common stock trades on the OTCQX market under the symbol ALPIB.
Recurring announcements cover unaudited quarterly and annual results, interest income, noninterest income, loan and deposit trends, securities portfolio activity, OREO dispositions, common stock dividends, Class A and Class B share matters, stock repurchase authorization, annual meeting votes, board composition, and leadership succession.
Alpine Banks of Colorado (OTCQX: ALPIB) reported first quarter 2026 results. Net income was $20.2 million and EPS was $1.26. Net interest margin was 3.72% and average deposit cost was 1.81%. Loans were $4.3 billion and deposits totaled $6.0 billion.
Asset quality showed nonperforming loans at 0.32% and allowance for credit losses at 1.12% of loans. Tangible book value per share was $36.64 and capital ratios remained well above regulatory minima.
Alpine Banks of Colorado (OTCQX:ALPIB) held its annual meeting on April 9, 2026, where shareholders re-elected 18 directors to one-year terms ending at the 2027 annual meeting.
The board slate includes Raymond T. Baker, Mike Burns, Glenn W. Davis, Terrance L. Farina, Norman L. Franke, Eric A. Gardey, L. Kristine Gardner, Rachel Gerlach, Peter N. Guy, Glen L. Jammaron, Andrew A. Karow, Thomas H. Kenning, B. Stephens Parker, Amy L. Parsons, Jay E. Rickstrew, John W. Suthers, Allison Vollbracht Winfield, and Margo L. Young-Gardey.
Alpine Banks of Colorado (OTCQX: ALPIB) declared a cash dividend of $0.23 per share for both Class A and Class B common stock.
The dividend is payable on April 27, 2026 to shareholders of record as of April 20, 2026.
Alpine Banks of Colorado (OTCQX: ALPIB) reported unaudited results for Q4 and full-year 2025 on Jan 30, 2026. Q4 net income was $19.7M, or $1.23 per basic Class A and B share; 2025 net income was $70.2M versus $49.7M in 2024. Book value per share rose to $36.82.
Key drivers included higher interest income from loan yields and balances, lower interest expense on deposits year-over-year, loan growth, and increased noninterest expense mainly from salaries, benefits and consulting.
Alpine Banks of Colorado (OTCQX: ALPIB) completed an exchange offer to convert up to 800,000 Class A common shares into newly issued Class B shares on a one-for-one basis. As of the January 16, 2026 expiration, 790,791 Class A shares were validly tendered and all were accepted.
The company issued 790,791 Class B shares on January 26, 2026. As of January 27, 2026, Alpine had 7,025,409 Class A shares and 8,937,309 Class B shares outstanding. Equiniti Trust Company LLC acted as exchange agent.
Alpine Banks of Colorado (OTCQX: ALPIB) declared a cash dividend of $0.23 per share for both Class A and Class B common stock. The dividend is payable January 26, 2026 to shareholders of record as of January 19, 2026.
Alpine Banks of Colorado (OTCQX: ALPIB) announced that Glen Jammaron was appointed chief executive officer and chairman effective Dec 16, 2025.
Jammaron succeeds founder and longtime chairman J. Robert “Bob” Young, who died on Dec 11, 2025 after leading the bank for 53 years. Jammaron has worked at Alpine Bank for 40 years, most recently serving as president and vice chairman, and said the bank will remain an independent, employee-owned institution focused on Colorado communities.
Alpine Bank (OTC:ALPIB) announced the passing of founder and chairman J. Robert “Bob” Young on December 11, 2025. Young built Alpine Bank from a single 1973 Carbondale branch into a locally owned, employee-driven institution with 39 locations and $6.8 billion in assets.
Young introduced an employee stock ownership plan (ESOP) in 1983, championed community philanthropy including an Alpine Bank First-Generation Scholarship that has aided 300+ students, and served in multiple state banking leadership roles. The bank says its community-focused culture and independence will continue.
Alpine Banks of Colorado (OTCQX: ALPIB) announced a board-approved $5.0 million stock repurchase program to buy issued and outstanding Class B voting common stock. Repurchases are expected to begin on or about February 5, 2026, following completion of Alpine’s December 2, 2025 exchange offer, and the program will expire on July 31, 2026 unless ended earlier.
Repurchases may be executed via open-market purchases, block trades, negotiated private transactions or a Rule 10b-18/10b5-1 trading plan. Timing and amounts depend on market conditions, available funds, regulatory requirements and financial performance. The program does not obligate Alpine to repurchase any specific number of shares.
Alpine Banks of Colorado (OTCQX: ALPIB) announced the planned retirement of directors Linda Childears and Steve Briggs, who will continue to serve through their terms ending at the 2026 annual meetings of the Company and its wholly owned subsidiary, Alpine Bank.
Briggs is a 45-year bank veteran and board member since 1982 with deep community ties in the Roaring Fork Valley. Childears joined the board in July 2020 with decades of banking and nonprofit leadership experience. The company said it will actively seek new board members who reflect its Colorado-focused values.