Alpine Banks of Colorado (ALPIB)

Alpine Banks of Colorado Income Statement

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

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

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