Alpine Banks of Colorado (ALPIB)

Alpine Banks of Colorado Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	240.89	238.83	220.71	168.66	154.11	145.63
Interest Income on Investments	59.21	58.08	52.84	42.83	24.59	21.01
Total Interest Income	300.1	296.91	273.56	211.49	178.71	166.64
Interest Paid on Deposits	98.51	103.16	66.94	3	1.38	2.68
Interest Paid on Borrowings	8.27	8.5	13.12	6.73	5.26	4.32
Total Interest Expense	106.78	111.66	80.06	9.73	6.64	7
Net Interest Income	193.33	185.25	193.5	201.76	172.07	159.64
Net Interest Income Growth (YoY)	-5.99%	-4.27%	-4.10%	17.26%	7.79%	1.42%
Other Non-Interest Income	38.83	38.69	36.83	31.03	39.04	40.18
Total Non-Interest Income	52.1	50.99	46.99	41.08	47.57	47.89
Non-Interest Income Growth (YoY)	15.34%	8.52%	14.38%	-13.64%	-0.66%	17.34%
Revenues Before Loan Losses	245.42	236.24	240.49	242.85	219.64	207.52
Provision for Loan Losses	4.72	2.17	3.7	2.6	5.23	12.1
Revenue	240.7	234.07	236.78	240.25	214.41	195.43
Revenue Growth (YoY)	-2.62%	-1.15%	-1.44%	12.05%	9.71%	-1.40%
Salaries and Employee Benefits	89.6	89.18	83.47	77.52	74.72	69.92
Selling, General & Administrative	26.31	26	25.09	22.88	20.62	20.53
Other Non-Interest Expense	60.54	59.08	59.57	51.19	45.73	42.39
Total Non-Interest Expense	176.45	174.27	168.13	151.59	141.06	132.85
EBT Excluding Unusual Items	64.25	59.8	68.65	88.66	73.35	62.58
Pretax Income	64.25	59.8	68.65	88.66	73.35	62.58
Income Tax Expense	10.77	10.03	11.47	15.23	13.62	11.35
Earnings From Continuing Operations	53.49	49.77	57.18	73.43	59.73	51.22
Minority Interest in Earnings	-0.09	-0.09	-0.14	-0.08	-0.08	-0.08
Net Income	53.39	49.68	57.04	73.35	59.65	51.14
Net Income to Common	53.39	49.68	57.04	73.35	59.65	51.14
Net Income Growth	-19.91%	-12.91%	-22.23%	22.98%	16.63%	-11.86%
Basic Shares Outstanding	16	16	16	16	15	16
Diluted Shares Outstanding	16	16	16	16	15	16
Shares Change (YoY)	2.41%	-1.00%	2.79%	2.45%	-0.85%	-1.03%
EPS (Basic)	3.33	3.09	3.51	4.64	3.86	3.29
EPS (Diluted)	3.33	3.09	3.51	4.64	3.86	3.29
EPS Growth	-21.79%	-12.03%	-24.34%	20.04%	17.63%	-10.94%
Dividend Per Share	0.810	0.800	0.800	0.720	0.640	0.540
Dividend Growth	3.85%	-	11.11%	12.50%	18.52%	-29.87%
Effective Tax Rate	16.75%	16.78%	16.71%	17.18%	18.57%	18.14%

Updated Jan 28, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.