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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) announced a voluntary exchange offer to convert up to 800,000 Class A common shares into newly issued Class B common shares on a one-for-one basis.
The offer runs from December 12, 2025 through 5:00 p.m. MT on January 16, 2026 unless extended. Class B shares are listed on the OTCQX Best Market, while Class A shares lack a public trading market; the company says the exchange could give Class A holders an opportunity to obtain more marketable Class B shares. The company will not issue fractional Class B shares, will allocate on a pro rata basis if oversubscribed, and is relying on Section 3(a)(9) of the Securities Act to exempt the exchanged shares from registration. No commissions will be paid for solicitations.
Alpine Banks of Colorado (OTCQX: ALPIB) completed a private placement of $75 million in fixed-to-floating rate subordinated notes due 2035. The notes are structured to qualify as Tier 2 capital. Proceeds will be used to redeem the company's $50 million subordinated notes due 2030 and for general corporate purposes. The company may redeem the notes, in whole or in part, on or after November 21, 2030, and at other times if specified conditions are met. The notes were sold in a private offering, are not registered under the Securities Act, and are not deposits or FDIC insured.
Alpine Banks of Colorado (OTCQX: ALPIB) reported net income $18.5M for Q3 2025, or $1.16 per basic Class A and B share. EPS rose 41.4% YoY and 5.4% sequentially. Net interest margin was 3.54% in Q3 2025 versus 3.50% in Q2 2025 and 2.98% in Q3 2024. Total assets increased 3.2% sequentially to $6.82B. Loans grew 5.3% YoY to $4.2B; deposits rose 3.2% YoY to $6.1B. Provision for loan losses and noninterest expense increased year-to-date, while capital ratios remain above "well capitalized" thresholds.
Alpine Banks of Colorado (OTCQX: ALPIB) declared a cash dividend of $0.21 per share on both Class A and Class B common stock.
The dividend is payable October 27, 2025 to shareholders of record as of October 20, 2025.
Alpine Banks of Colorado (OTCQX: ALPIB) reported strong financial results for Q2 2025, with net income of $17.6 million ($1.10 per basic share), marking a significant year-over-year improvement. The bank's performance showed notable strengths with net interest margin increasing to 3.50% from 3.38% in Q1 2025.
Key metrics include total assets of $6.61 billion, a loan portfolio increase of $87.0 million (2.1%) to $4.2 billion, and total deposits of $5.9 billion. The company maintains strong capital ratios, with a Tier 1 Leverage Ratio of 9.90% at the bank level. Additionally, shareholders approved amended articles of incorporation, including a 150-for-1 stock split of Class A common stock, effective May 1, 2025.
Alpine Banks of Colorado (OTCQX: ALPIB) has announced a quarterly cash dividend of $0.21 per share for both its Class A and Class B common stock. The dividend will be paid on July 28, 2025, to shareholders who held stock as of the record date June 21, 2025.
Alpine Banks of Colorado reported strong financial results for Q1 2025, with net income reaching $14.3 million. The bank saw significant improvements in key metrics, including a net interest margin increase to 3.38% from 2.81% year-over-year.
Total assets grew to $6.64 billion, up 2.1% from December 2024. The loan portfolio expanded by $66.0 million to $4.1 billion, while deposits increased by $118.0 million to $5.9 billion. The bank maintains its "well capitalized" status with strong capital ratios.
Notable developments include the launch of "Mission Possible: Operation Streamline" initiative and shareholder approval of amended articles of incorporation. The amendments include a 150-for-one stock split for Class A common stock and changes to voting rights. The bank continued its dividend payments, declaring $31.50 per Class A share and $0.21 per Class B share.
Alpine Banks of Colorado (OTCQX: ALPIB) announced shareholder approval of significant corporate changes, including a 150-for-1 forward stock split of Class A common stock and amended Articles of Incorporation. The key changes include:
- Increasing total authorized common stock from 15.1M to 30M shares
- Expanding Class A authorized shares from 100,000 to 15M
- Equal dividend rights for Class A and B shareholders
- Voting structure: 20 votes per Class A share, 1 vote per Class B share
The stock split will be effective May 1, 2025, with a record date of April 22, 2025. Current Class A shares (approximately 52,150) will increase to about 7,822,500 post-split. Shareholders will receive book entry statements for additional shares, with no action required for certificate holders.
Alpine Banks of Colorado (OTCQX: ALPIB) has declared its quarterly dividend payments for both share classes. The company will distribute a quarterly cash dividend of $0.21 per Class B nonvoting common share and $31.50 per Class A voting common share on April 28, 2025, to shareholders of record as of April 21, 2025.
The dividend amounts remain unchanged from the previous quarter. As per the company's Articles of Incorporation, Class B nonvoting common share dividends are set at 1/150th of the amount declared for each Class A voting common share. While ALPIB shares are publicly traded on the OTCQX® Best Market, Class A voting common shares are not publicly traded.
Alpine Banks of Colorado (ALPIB) reported Q4 2024 net income of $13.8 million, or $128.92 per Class A share and $0.86 per Class B share. Key highlights include a net interest margin increase to 3.18% in Q4 2024, up from 2.98% in Q3 2024.
The bank experienced positive growth in customer deposits, increasing by 7.9% during 2024, while reducing brokered deposits by over 50%. Total assets stood at $6.52 billion as of December 31, 2024, marking a 1.6% increase year-over-year. The loan portfolio showed modest growth of 0.7% in Q4 2024, reaching $4.0 billion.
The Alpine Bank Wealth Management division reported assets under management of $1.37 billion, representing a significant 19.0% increase from the previous year. The bank maintains its 'well capitalized' status with a Tier 1 Leverage Ratio of 9.75% and declared a cash dividend of $31.50 per Class A share and $0.21 per Class B share payable in January 2025.