STOCK TITAN

ALPINE BKS COLO CL B - ALPIB STOCK NEWS

Welcome to our dedicated page for ALPINE BKS COLO CL B news (Ticker: ALPIB), a resource for investors and traders seeking the latest updates and insights on ALPINE BKS COLO CL B stock.

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.

Rhea-AI Summary

On January 13, 2022, Alpine Banks of Colorado (OTCQX: ALPIB) announced a quarterly cash dividend of $0.18 per Class B nonvoting common share, payable on January 31, 2022. Shareholders of record as of January 24, 2022 will receive this dividend. The dividend reflects a 12.5% increase compared to the previous quarter. In addition, a dividend of $27.00 for Class A voting shares has also been declared, although these shares are not publicly traded. Alpine Banks, an employee-owned organization with $6.2 billion in assets, prides itself on financial strength and customer service.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.45%
Tags
dividends
-
Rhea-AI Summary

Alpine Banks of Colorado (OTCQX: ALPIB) reported third-quarter 2021 net income of $16.2 million, or $157.90 per Class A share and $1.05 per Class B share. Total assets surpassed $6 billion, reflecting a 19.01% increase year-over-year. Book value per Class A and B shares grew by 3.4% compared to the previous quarter. Core deposits rose by $306.9 million, or 5.9%. However, organic loan growth only increased by 0.6%. Net interest margin decreased to 3.00% from 3.07% quarter-over-quarter, and total loans outstanding declined by 2.2% due to PPP loan forgiveness.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary

Alpine Banks of Colorado (OTCQX: ALPIB) reported robust third-quarter 2021 results with net income reaching $16.2 million, equivalent to $157.90 per Class A share. Total assets surpassed $6 billion, marking a 19% increase year-over-year. Book value per Class A share rose to $4,009.23, and core deposits grew by 5.9%. However, loan balances fell by 2.2% due to a decrease in commercial loans, attributed to PPP forgiveness. The bank remains well-capitalized with a Tier 1 Risk-Based Capital Ratio at 13.09%.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.03%
Tags
Rhea-AI Summary

Alpine Banks of Colorado (OTCQX: ALPIB) announced a quarterly cash dividend of $0.16 per Class B nonvoting common share, payable on November 1, 2021. Shareholders of record as of October 25, 2021 will receive this dividend, which is unchanged from the previous quarter. The Class A voting shares will also maintain a quarterly dividend of $24.00, reflecting stability in the company's dividend policy. Alpine Banks, which operates a $5.8 billion organization, employs over 790 people, providing a range of banking services across Colorado.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
-
Rhea-AI Summary

Alpine Banks of Colorado (OTCQX: ALPIB) will host a live presentation by CFO Eric Gardey on September 21, 2021, at 10:30 AM ET, as part of the Virtual Investor Conference series. The event offers an interactive platform for investors to ask questions and will be archived for later viewing. As of June 30, 2021, the bank reported total assets of $5.8 billion, a year-to-date ROA of 1.09%, and a YTD ROE of 15.49%. Interested parties are encouraged to pre-register for the event.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.05%
Tags
conferences
-
Rhea-AI Summary

Alpine Banks of Colorado (OTCQX: ALPIB) reported a net income of $15.7 million for Q2 2021, or $152.16 per Class A share. This marks an increase from $14.1 million in Q1 2021. Key achievements include 2.5% loan growth and 2.8% deposit growth during the quarter. However, interest income decreased by $1.9 million due to lower yields. Total assets reached $5.8 billion, up 2.6% from Q1 2021. Dividends were maintained at $24.00 per Class A and $0.16 per Class B share. The bank is well-capitalized with strong ratios.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.55%
Tags
Rhea-AI Summary

Alpine Banks of Colorado (OTCQX: ALPIB) announced a quarterly cash dividend of $0.16 per Class B nonvoting common share, payable on July 26, 2021, to shareholders of record by July 19, 2021. This dividend remains unchanged from the previous quarter. Additionally, a cash dividend of $24.00 per Class A voting common share will also be paid on the same date to its shareholders. The bank, founded in 1973, has over $5.6 billion in assets and employs more than 800 people across Colorado.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
-
Rhea-AI Summary

Alpine Banks of Colorado (OTCQX: ALPIB) reported a net income of $14.1 million for Q1 2021, with basic Class A and Class B earnings per share at $136.60 and $0.91, respectively. Key achievements included a 2.6% increase in book value per Class A share to $3,746.01 and a 10.1% growth in deposits, totaling $5.0 billion. Loans increased 3.5% to $3.3 billion, driven by commercial and residential lending. The bank remains well-capitalized with Tier 1 capital ratios above requirements. Dividends of $24.00 per Class A share were paid, reflecting solid financial performance.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.54%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.94%
Tags
dividends
Rhea-AI Summary

Alpine Banks of Colorado (OTCQX: ALPIB) declared a quarterly cash dividend of $0.16 per Class B nonvoting common share, to be paid on April 26, 2021, to shareholders of record as of April 19, 2021. This dividend is consistent with the previous quarter's payout. Additionally, a $24.00 quarterly cash dividend will be paid for Class A voting common shares, which are not publicly traded. Alpine Banks of Colorado has over $5 billion in assets, operates 39 banking offices, and maintains a strong financial rating.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.16%
Tags
dividends

FAQ

What is the current stock price of ALPINE BKS COLO CL B (ALPIB)?

The current stock price of ALPINE BKS COLO CL B (ALPIB) is $29.73 as of October 15, 2024.

What is the market cap of ALPINE BKS COLO CL B (ALPIB)?

The market cap of ALPINE BKS COLO CL B (ALPIB) is approximately 225.9M.

When was Alpine Banks of Colorado founded?

Alpine Banks of Colorado was founded in 1973.

What is the valuation of Alpine Banks of Colorado?

Alpine Banks of Colorado has a $6.4 billion valuation.

How many customers does Alpine Bank serve?

Alpine Bank serves 170,000 customers.

What services does Alpine Bank offer?

Alpine Bank offers personal, business, wealth management, mortgage, and electronic banking services.

Where does Alpine Bank operate?

Alpine Bank operates across Colorado's Western Slope, mountains, and Front Range.

How many employees does Alpine Bank have?

Alpine Bank employs 843 people.

What is Alpine Bank's rating from BauerFinancial?

Alpine Bank has a 5-star rating from BauerFinancial.

Where does Alpine Bank's nonvoting common stock trade?

Alpine Bank's Class B nonvoting common stock trades under the symbol 'ALPIB' on the OTCQX® Best Market.

ALPINE BKS COLO CL B

OTC:ALPIB

ALPIB Rankings

ALPIB Stock Data

225.90M
8.27M
14.03%
Banks - Regional
Financial Services
Link
United States of America
Glenwood Springs