Alpine Banks of Colorado (ALPIB)

Alpine Banks of Colorado Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Mar 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	227.99	220.71	168.66	154.11	145.63	137.46
Interest Income on Investments	53.81	52.84	42.83	24.59	21.01	28.4
Total Interest Income	281.8	273.56	211.49	178.71	166.64	165.87
Interest Paid on Deposits	86.24	66.94	3	1.38	2.68	4.75
Interest Paid on Borrowings	11.7	13.12	6.73	5.26	4.32	3.72
Total Interest Expense	97.94	80.06	9.73	6.64	7	8.47
Net Interest Income	183.86	193.5	201.76	172.07	159.64	157.4
Net Interest Income Growth (YoY)	-8.87%	-4.10%	17.26%	7.79%	1.42%	7.33%
Other Non-Interest Income	36.8	36.83	31.03	39.04	40.18	31.34
Total Non-Interest Income	47.23	46.99	41.08	47.57	47.89	40.81
Non-Interest Income Growth (YoY)	14.96%	14.38%	-13.64%	-0.66%	17.34%	21.14%
Revenues Before Loan Losses	231.09	240.49	242.85	219.64	207.52	198.21
Provision for Loan Losses	2.63	3.7	2.6	5.23	12.1	-
Revenue	228.47	236.78	240.25	214.41	195.43	198.21
Revenue Growth (YoY)	-4.91%	-1.44%	12.05%	9.71%	-1.40%	9.91%
Salaries and Employee Benefits	86.43	83.47	77.52	74.72	69.92	66.09
Selling, General & Administrative	25.37	25.09	22.88	20.62	20.53	20.12
Other Non-Interest Expense	59.61	59.57	51.19	45.73	42.39	41.65
Total Non-Interest Expense	171.41	168.13	151.59	141.06	132.85	127.87
EBT Excluding Unusual Items	57.06	68.65	88.66	73.35	62.58	70.34
Pretax Income	57.06	68.65	88.66	73.35	62.58	70.34
Income Tax Expense	8.99	11.47	15.23	13.62	11.35	12.33
Earnings From Continuing Operations	48.07	57.18	73.43	59.73	51.22	58.01
Minority Interest in Earnings	-0.1	-0.14	-0.08	-0.08	-0.08	0.01
Net Income	47.97	57.04	73.35	59.65	51.14	58.02
Net Income to Common	47.97	57.04	73.35	59.65	51.14	58.02
Net Income Growth	-34.61%	-22.23%	22.98%	16.63%	-11.86%	5.77%
Basic Shares Outstanding	16	16	16	15	16	16
Diluted Shares Outstanding	16	16	16	15	16	16
Shares Change (YoY)	2.49%	2.79%	2.45%	-0.85%	-1.03%	-0.25%
EPS (Basic)	2.96	3.51	4.64	3.86	3.29	3.69
EPS (Diluted)	2.96	3.51	4.64	3.86	3.29	3.69
EPS Growth	-36.20%	-24.34%	20.04%	17.63%	-10.94%	6.04%
Dividend Per Share	0.800	0.800	0.720	0.640	0.540	0.770
Dividend Growth	11.11%	11.11%	12.50%	18.52%	-29.87%	6.94%
Effective Tax Rate	15.75%	16.71%	17.18%	18.57%	18.14%	17.53%

Source: S&P Capital IQ. Banks template. Financial Sources.