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ALPIB Alpine Banks of Colorado News Story

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FinancialsConservativeMid Cap

Alpine Banks' Q3 profit rises on higher interest income

Overview

Alpine Banks Q3 net income rises to $18.5 mln, reflecting strong financial performance

Company's net interest margin improves to 3.54% from 3.50% in prior qtr

Earnings per share increased 41.4% yr/yr, driven by higher loan yields

Result Drivers

INTEREST INCOME - Increase in interest income due to higher yields and volume in loan portfolio

NONINTEREST INCOME - Rise in noninterest income driven by higher service charges on deposit accounts

NONINTEREST EXPENSE - Higher noninterest expenses due to increased salary and occupancy costs

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Net Income$18.50 mln
Q3 Net Interest Margin3.54%
Q3 Provision For Loan Losses$1.70 mln
Press Release: ID:nGNX4hYcTl For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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