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Alpine Banks of Colorado, symbol ALPIB, is an independent, employee-owned banking organization with a $6.4 billion valuation. Founded in 1973, Alpine Bank operates across Colorado's Western Slope, mountains, and Front Range. With a strong commitment to the community, the bank serves 170,000 customers and employs 843 people, offering personal, business, wealth management, mortgage, and electronic banking services. Alpine Bank prides itself on its 5-star rating from BauerFinancial and trades its Class B nonvoting common stock under the symbol 'ALPIB' on the OTCQX® Best Market.
Alpine Banks of Colorado (OTCQX: ALPIB) has announced a quarterly cash dividend of $0.20 per Class B nonvoting common share, set to be paid on May 1, 2023, to shareholders of record by April 24, 2023. Additionally, a dividend of $30.00 per Class A voting common share will also be distributed on the same date. This dividend amount remains unchanged from the previous quarter. Alpine Banks operates as an independent, employee-owned organization with a strong financial standing of $6.3 billion in assets and a workforce of 890 employees across Colorado. The bank serves approximately 170,000 customers, providing a range of financial services and has received a 5-star rating from BauerFinancial for superior performance.
Alpine Bank celebrates its 50th anniversary with the appointment of Alison Vollbracht Winfield to the board of directors. Sworn in January 2023, Alison has extensive experience in business and nonprofit leadership. She is the daughter of the late William Vollbracht, one of the bank's founders. Alison has served in various roles, including operations manager at the University of Washington’s Haring Center for Inclusive Education. The bank, founded in 1973, operates as an independent, employee-owned organization with assets of $6.3 billion and a 5-star rating from BauerFinancial. Shares trade under the symbol ALPIB on the OTCQX® Best Market.
Alpine Banks of Colorado (OTCQX: ALPIB) reported its fourth quarter and annual results for 2022, showing a net income of $20.7 million for Q4, and $73.4 million for the year. Basic earnings per Class A share decreased 9.2% in Q4 but increased 20.0% for the year. Loan growth was 4.1% in Q4 and 15.0% for the year, with total loans reaching $3.9 billion. The net interest margin improved to 3.69% in Q4 2022 compared to 3.49% in Q3 2022. Total assets rose to $6.3 billion. Total deposits decreased by 2.6% in Q4 but saw only a 1.6% annual decline. The company continues to maintain a strong capital position.
Alpine Banks of Colorado (OTCQX: ALPIB) announced a quarterly cash dividend of $0.20 per Class B nonvoting common share, to be paid on January 30, 2023. Shareholders of record by January 23, 2023 will receive this payment. The dividend reflects an increase of 11.1% from the previous quarter. Additionally, a $30.00 dividend for Class A voting common shares will also be distributed, although these shares are not publicly traded. The bank continues to operate as a strong, independent entity with a $6.3 billion asset base.
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