Alpine Banks of Colorado announces financial results for fourth quarter and year end 2023
Highlights in fourth quarter 2023 and the year ended December 31, 2023, include:
- Highlights in fourth quarter 2023 and the year ended December 31, 2023, include:
Basic earnings per Class A common share decreased 6.1%, or $6.59, during fourth quarter 2023. - Net interest margin for fourth quarter 2023 was 2.84%, compared to 2.87% in third quarter 2023, and 3.69% in fourth quarter 2022.
- In fact, over 90% of our deposit funding is generated from within our local communities.”
Net income for fourth quarter 2023 and third quarter 2023 was $11.0 million and $11.7 million, respectively. - Net interest margin decreased from 2.87% to 2.84% from third quarter 2023 to fourth quarter 2023.