GLENWOOD SPRINGS, Colo., Jan. 30, 2026 (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 fourth quarter and year ended December 31, 2025. The Company reported net income of $19.7 million, or $1.23 per basic Class A common share and basic Class B common share, for fourth quarter 2025.
Highlights in fourth quarter 2025 and the year ended December 31, 2025, include:
- Basic earnings per Class A and Class B common share increased 6.4%, or $0.07, during fourth quarter 2025 as compared to third quarter 2025.
- Basic earnings per Class A and Class B common share increased 42.0%, or $1.30, during the 12 months ended December 31, 2025.
- Net interest margin for fourth quarter 2025 was 3.57% compared to 3.54% in third quarter 2025 and 3.18% in fourth quarter 2024.
“Alpine Bank finished 2025 with strong financial momentum, a testament to the resilience of our employee-owners and the loyalty of the Colorado communities we serve,” said Alpine Bank President & CEO Glen Jammaron. “While we are proud of our accomplishments in 2025, our hearts remain heavy following the loss of our founder and chairman, Bob Young, this past December. Bob’s legacy is woven into the very fabric of Alpine Bank—from our commitment to independence to his belief that ‘caring’ is the most valuable thing one person can give to another. He was deeply committed to creating opportunities for his fellow employees to grow and succeed, and we intend to honor him by remaining an independent, community-focused bank that puts people first. We are proud to carry Bob’s legacy forward and ensure the values he championed for over 50 years continue to guide us.”
Net Income
Net income for fourth quarter 2025 and third quarter 2025 was $19.7 million and $18.5 million, respectively. Interest income increased $1.7 million in fourth quarter 2025 compared to third quarter 2025, primarily due to increases in yields in the loan portfolio along with increased loan portfolio balances and due from bank earnings. Interest expense decreased $0.9 million in fourth quarter 2025 compared to third quarter 2025, primarily due to decreases in rates paid on deposits. Other interest expense increased $0.2 million, or 7%, in fourth quarter 2025 compared to third quarter 2025 primarily due to having two issuances of subordinated notes outstanding for approximately three weeks in fourth quarter 2025 prior to the redemption of the earlier issuance. Noninterest income increased $2.2 million in fourth quarter 2025 compared to third quarter 2025, primarily due to increases in service charges on deposit accounts and other income as well as earnings on life insurance. Noninterest expense increased $3.9 million in fourth quarter 2025 compared to third quarter 2025, due to increases in salary and employee benefit expenses, occupancy expenses, and other expenses including consulting fees. A provision for loan losses of $1.8 million was recorded in fourth quarter 2025 compared to a $1.7 million provision for loan losses recorded in third quarter 2025.
Net income for the years ended December 31, 2025, and December 31, 2024, was $70.2 million and $49.7 million, respectively. Interest income increased $18.8 million in 2025 compared to 2024, primarily due to increases in loan portfolio balances and due from banks, along with increases in yields on the loan and securities portfolio. Interest expense decreased $19.1 million in 2025 compared to 2024, primarily due to decreases in cost of deposits, partially offset by an increase in the volume of deposit balances. Noninterest income increased $4.3 million in 2025 compared to 2024, primarily due to increases in earnings on bank-owned life insurance, service charges on deposit accounts and other income. Noninterest expense increased $11.8 million in 2025 compared to 2024, due to increases in other expenses, consulting fees, salary and employee benefit expenses, and occupancy expenses, partially offset by a decrease in furniture and fixtures expenses. Provision for loan losses increased $4.7 million in 2025 compared to 2024 due to loan portfolio increases.
Net interest margin increased from 3.54% to …