Alpine Banks of Colorado announces financial results for third quarter 2025

GLENWOOD SPRINGS, Colo., Oct. 30, 2025 (GLOBE NEWSWIRE) -- Alpine Banks of Colorado (OTCQX:ALPIB) ("Alpine" or the "Company"), the holding company for Alpine Bank (the "Bank"), today announced results (unaudited) for the third quarter ended September 30, 2025. The Company reported net income of $18.5 million, or $1.16 per basic Class A common share and basic Class B common share, for third quarter 2025.Highlights in third quarter 2025 include:Basic earnings per Class A and Class B common shares increased 5.4%, or $0.06, during third quarter 2025.Basic earnings per Class A and Class B common shares increased 41.4%, or $0.92, compared to third quarter 2024.Net interest margin for third quarter 2025 was 3.54%, compared to 3.50% in second quarter 2025, and 2.98% in third quarter 2024."Alpine Bank continued to deliver strong financial results in the third quarter," said Glen Jammaron, Alpine Banks of Colorado President and Vice Chairman. "Our ROA and ROE continued to grow as the year progressed along with earnings per share and book value per share. We believe that recent developments in the Colorado banking sector will provide opportunities for local community banks. Here at Alpine, we intend to take steps to capitalize on the opportunity."Net IncomeNet income for third quarter 2025 and second quarter 2025 was $18.5 million and $17.6 million, respectively. Interest income increased $2.3 million in third quarter 2025 compared to second quarter 2025, primarily due to increases in yields in the loan portfolio along with increased volume in the loan portfolio and due from bank balances. These increases were partially offset by decreases in yields and balances in the securities portfolio and decreased yield on due from bank balances. Interest expense increased $0.6 million in third quarter 2025 compared to second quarter 2025, primarily due to increases in costs on the Company's trust preferred securities, other borrowings, and increased volume of deposits. These increases were partially offset by a decrease in rates paid on deposits. Noninterest income increased $0.5 million in third quarter 2025 compared to second quarter 2025, primarily due to increases in service charges on deposit accounts and other income. Noninterest expense increased $0.7 million in third quarter 2025 compared to second quarter 2025, due to increases in salary and employee benefit expenses and occupancy expenses, slightly offset by decreases in other expenses. A provision for loan losses of $1.7 million was recorded in third quarter 2025 compared to a $1.6 million provision for loan losses recorded in the second quarter 2025.Net income for the nine months ended September 30, 2025, and September 30, 2024, was $50.5 million and $35.9 million, respectively. Interest income increased $12.5 million in the first nine months of 2025 compared to the first nine months of 2024, primarily due to increases in volume in the loan portfolio and balances due from banks, along with increases in yields on the loan portfolio and the securities portfolio. These increases were slightly offset by a decrease in volume in the securities portfolio and a decrease in yield on the balances due from banks. Interest expense decreased $15.8 million in the first nine months of 2025 compared to the first nine months of 2024, primarily due to decreases in cost of deposits. These decreases were partially offset by an increase in the volume of deposit balances. Noninterest income increased $1.7 million in the first nine months of 2025 compared to the first nine months of 2024, primarily due to increases in earnings on bank-owned life insurance and service charges on deposit accounts, partially offset by decreases in other income. Noninterest expense increased $7.0 million in the first nine months of 2025 compared to the first nine months of 2024, due to increases in other expenses, salary and employee benefit expenses, and occupancy expenses, partially offset a decrease in furniture and fixtures expenses. Provision for loan losses increased $4.3 million in the nine months ended September 30, ...Full story available on Benzinga.com