Exhibit 99.1

PRESS RELEASE

Allegiance Bancshares, Inc.

8847 West Sam Houston Parkway N., Suite 200

Houston, Texas 77040

ir@allegiancebank.com

ALLEGIANCE BANCSHARES, INC. REPORTS RECORD

THIRD QUARTER 2018 RESULTS

 

Record earnings of $8.9 million and diluted earnings per common share of $0.65 for the third quarter 2018

 

Core loan growth of $274.1 million year over year, or 12.9%, and $84.9 million for the third quarter 2018 compared to the linked quarter, or 14.7% (annualized)

 

Net charge-offs of 0.04% and 0.08% (annualized) for the third quarter and year-to-date 2018, respectively

 

Completed the acquisition of Post Oak Bancshares, Inc. on October 1, 2018

 

 

HOUSTON, October 25, 2018. Allegiance Bancshares, Inc. (NASDAQ: ABTX) ("Allegiance"), the holding company of Allegiance Bank (the "Bank"), today reported net income of $8.9 million and diluted earnings per share of $0.65 for the third quarter 2018 compared to $3.0 million and diluted earnings per share of $0.22 for the third quarter 2017.  Net income for the nine months ended September 30, 2018 was $24.1 million, or $1.77 per diluted share, compared to $14.4 million, or $1.07 per diluted share, for the nine months ended September 30, 2017. The nine months ended September 30, 2018 results include $1.8 million and $821 thousand of core system conversion and merger-related expenses, respectively.

 

“I am extremely pleased to report record quarterly earnings for Allegiance, both in terms of net income and earnings per share. Our results reflect the execution of our core strategies as evidenced by double-digit organic loan growth and a continued focus on strong credit quality,” said George Martinez, Allegiance’s Chairman and Chief Executive Officer.

 

“Additionally, we are excited to have completed our merger with Post Oak on October 1st, which further enhanced our market position as Houston’s largest community bank. With this merger, we have surpassed $4 billion in total assets, which we believe will allow us to gain valuable scale and take advantage of organic and strategic growth opportunities that will further enhance shareholder value. We are proud to welcome the employees, clients and shareholders of Post Oak to the Allegiance family.  Together, we are committed to providing the same superior, personalized service to which our customers are accustomed and to the continued investment in the communities where we live and work.  We anticipate completing the operational integration of Post Oak during the first quarter of 2019,” concluded Martinez.  

 

Third Quarter 2018 Results

 

Net interest income before provision for loan losses in the third quarter 2018 increased $1.0 million, or 3.8%, to $28.0 million from $27.0 million for the third quarter 2017 primarily due to organic loan growth, partially offset by interest expense on the subordinated debt that was issued in December 2017.  Net interest income before provision for loan losses in the third quarter 2018 increased slightly from $27.8 million in the second quarter 2018.  The net interest margin on a tax equivalent basis decreased 27 basis points to 4.10% for the third quarter 2018 from 4.37% for the third quarter 2017 and decreased 11 basis points from 4.21% for the second quarter 2018. The decrease from the prior year was primarily due to the increase in interest expense on interest-bearing liabilities driven in part by the subordinated debt issuance in December 2017.

 

Noninterest income for the third quarter 2018 was $1.9 million, an increase of $468 thousand, or 32.1%, compared to $1.5 million for the third quarter 2017 and increased $123 thousand compared to $1.8 million for the second quarter 2018.

 

 

 


 

 

Noninterest expense for the third quarter 2018 increased $1.5 million, or 8.4%, to $19.2 million from $17.7 million for the third quarter 2017, and decreased $696 thousand, or 3.5%, from $19.9 million for the second quarter 2018. The increase in noninterest expense over the third quarter 2017 was primarily due to salaries and benefits and data processing and software amortization expenses incurred to support strategic growth initiatives, partially offset by a decrease in professional fees.  Noninterest expense decreased over the linked quarter primarily due to core system conversion and merger-related expenses incurred during the second quarter 2018.  In the third quarter 2018, Allegiance’s efficiency ratio increased to 63.95% from 62.14% for the third quarter 2017 and decreased from 67.05% for the second quarter 2018.  Third quarter 2018 annualized returns on average assets, average equity and average tangible equity were 1.18%, 10.80% and 12.40%, respectively, compared to 0.43%, 3.90% and 4.55%, respectively, for the third quarter 2017.  Annualized returns on average assets, average equity and average tangible equity for the second quarter 2018 were 1.03%, 9.55% and 11.02%, respectively.

 

Nine Months Ended September 30, 2018 Results

 

Net interest income before provision for loan losses for the nine months ended September 30, 2018 increased $6.5 million, or 8.5%, to $82.7 million from $76.2 million for the nine months ended September 30, 2017 primarily due to organic loan growth partially offset by the increased interest expense on interest-bearing liabilities.  The net interest margin on a tax equivalent basis decreased 17 basis points to 4.17% for the nine months ended September 30, 2018 from 4.34% for the nine months ended September 30, 2017 primarily due to the increase in interest expense on interest-bearing liabilities driven in part by the subordinated debt issuance in December 2017.

 

Noninterest income for the nine months ended September 30, 2018 was $5.4 million, an increase of $1.1 million, or 25.7%, compared to $4.3 million for the nine months ended September 30, 2017.

 

Noninterest expense for the nine months ended September 30, 2018 increased $7.1 million, or 13.9%, to $57.7 million from $50.7 million for the nine months ended September 30, 2017.  The increase in noninterest expense over the nine months ended September 30, 2017 was primarily due to expenses related to the core system conversion of $1.8 million and merger-related expenses of $821 thousand during the nine months ended September 30, 2018.

 

During the nine months ended September 30, 2018, Allegiance’s efficiency ratio increased to 65.52% from 62.97% for the nine months ended September 30, 2017. For the nine months ended September 30, 2018, annualized returns on average assets, average equity and average tangible equity were 1.10%, 10.16% and 11.72%, respectively, compared to 0.73%, 6.55% and 7.67%, respectively, for the nine months ended September 30, 2017.

 

Financial Condition

 

Total assets at September 30, 2018 increased $222.1 million, or 7.9%, to $3.04 billion compared to $2.81 billion at September 30, 2017 and increased $69.1 million, or 2.3%, compared to $2.97 billion at June 30, 2018.

 

Total loans at September 30, 2018 increased $239.4 million, or 10.9%, to $2.44 billion compared to $2.20 billion at September 30, 2017 and increased $82.3 million, or 3.5%, compared to $2.36 billion at June 30, 2018. These increases were due to strong organic loan growth within the Bank’s loan portfolio. Core loans, which exclude the mortgage warehouse portfolio, increased $274.1 million, or 12.9%, to $2.39 billion at September 30, 2018 from $2.12 billion at September 30, 2017 and increased $84.9 million, or 3.7%, from $2.31 billion at June 30, 2018.

 

Deposits at September 30, 2018 increased $147.2 million, or 6.4%, to $2.43 billion compared to $2.29 billion at September 30, 2017 and increased $120.0 million, or 5.2%, compared to $2.31 billion at March 31, 2018.

 

Asset Quality

 

Nonperforming assets totaled $16.9 million, or 0.56% of total assets, at September 30, 2018, compared to $14.6 million, or 0.52%, of total assets, at September 30, 2017, and $14.6 million, or 0.49% of total assets, at June 30, 2018. The allowance for loan losses was 0.97% of total loans at September 30, 2018, 1.08% of total loans at September 30, 2017 and 1.01% of total loans at June 30, 2018.

There was no provision for loan losses recorded during the third quarter 2018 due in part to the reversal of the remaining Hurricane Harvey reserve compared to $6.9 million, or 1.28% (annualized) of average loans, for the third quarter 2017, and $631 thousand, or 0.11% (annualized) of average loans, for the second quarter 2018.

 

Third quarter 2018 net charge-offs were $245 thousand compared to net charge-offs of $4.2 million for the third quarter 2017 and net charge-offs of $1.4 million for the second quarter 2018.

 

 

2


 

 

GAAP Reconciliation of Non-GAAP Financial Measures

 

Allegiance’s management uses certain non-GAAP financial measures to evaluate its performance. Please refer to the GAAP Reconciliation and Management’s Explanation of Non-GAAP Financial Measures on page 10 of this earnings release for a reconciliation of these non-GAAP financial measures.

 

Conference Call

 

As previously announced, Allegiance’s management team will host a conference call on Thursday, October 25, 2018 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time) to discuss its third quarter 2018 results. Individuals and investment professionals may participate in the call by dialing (877) 279-2520. The conference ID number is 3079335.  Alternatively, a simultaneous audio-only webcast may be accessed via the Investor Relations section of Allegiance’s website at www.allegiancebank.com, under Upcoming Events. If you are unable to participate during the live webcast, the webcast will be archived on the Investor Relations section of Allegiance’s website at www.allegiancebank.com, under News and Events, Event Calendar, Past Events.

 

Allegiance Bancshares, Inc.

 

As of September 30, 2018, Allegiance was a $3.04 billion asset Houston, Texas-based bank holding company. Through its wholly owned subsidiary, Allegiance Bank, Allegiance provides a diversified range of commercial banking services primarily to Houston metropolitan area-based small to medium-sized businesses and individual customers. Allegiance’s super-community banking strategy was designed to foster strong customer relationships while benefiting from a platform and scale that is competitive with larger local and regional banks.  As of September 30, 2018, Allegiance Bank operated 16 full-service banking locations and one loan production office in the Houston metropolitan area. Visit www.allegiancebank.com for more information.

 

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995

 

This release may contain forward-looking statements within the meaning of the securities laws that are based on various facts and derived utilizing important assumptions, present expectations, estimates and projections about Allegiance and its subsidiaries. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “continues,” “anticipates,” “intends,” “projects,” “estimates,” “potential,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing words. Forward-looking statements include information concerning Allegiance’s future financial performance, business and growth strategy, projected plans and objectives, as well as projections of macroeconomic and industry trends, which are inherently unreliable due to the multiple factors that impact economic trends, and any such variations may be material. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, many of which are outside of Allegiance’s control, which may cause actual results to differ materially from those expressed or implied by the forward-looking statements. These risks and uncertainties include but are not limited to whether Allegiance can: continue to develop and maintain new and existing customer and community relationships; successfully implement its growth strategy, including identifying suitable acquisition targets and integrating the businesses of acquired companies and banks; sustain its current internal growth rate; provide quality and competitive products and services that appeal to its customers; continue to have access to debt and equity capital markets; and achieve its performance objectives. These and various other risk factors are discussed in Allegiance’s Annual Report on Form 10-K for the fiscal year ended December 31, 2017 and in other reports and statements Allegiance has filed with the Securities and Exchange Commission. Copies of such filings are available for download free of charge from the Investor Relations section of Allegiance’s website at www.allegiancebank.com, under Financial Information, SEC Filings.  Any forward-looking statement made by Allegiance in this release speaks only as of the date on which it is made. Factors or events that could cause Allegiance’s actual results to differ may emerge from time to time, and it is not possible for Allegiance to predict all of them. Allegiance undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

3


Allegiance Bancshares, Inc.

Financial Highlights

(Unaudited)

 

 

 

2018

 

 

2017

 

 

 

September 30

 

 

June 30

 

 

March 31

 

 

December 31

 

 

September 30

 

 

 

(Dollars in thousands)

 

Cash and cash equivalents

 

$

191,468

 

 

$

200,645

 

 

$

190,088

 

 

$

182,103

 

 

$

192,427

 

Available for sale securities

 

 

300,115

 

 

 

300,897

 

 

 

307,411

 

 

 

309,615

 

 

 

323,856

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans

 

 

2,440,926

 

 

 

2,358,675

 

 

 

2,290,494

 

 

 

2,270,876

 

 

 

2,201,540

 

Allowance for loan losses

 

 

(23,586

)

 

 

(23,831

)

 

 

(24,628

)

 

 

(23,649

)

 

 

(23,722

)

Loans, net

 

 

2,417,340

 

 

 

2,334,844

 

 

 

2,265,866

 

 

 

2,247,227

 

 

 

2,177,818

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

 

39,389

 

 

 

39,389

 

 

 

39,389

 

 

 

39,389

 

 

 

39,389

 

Core deposit intangibles, net

 

 

2,688

 

 

 

2,883

 

 

 

3,079

 

 

 

3,274

 

 

 

3,469

 

Premises and equipment, net

 

 

18,970

 

 

 

19,049

 

 

 

18,605

 

 

 

18,477

 

 

 

18,273

 

Other real estate owned

 

 

1,801

 

 

 

1,710

 

 

 

365

 

 

 

365

 

 

 

453

 

Bank owned life insurance

 

 

22,838

 

 

 

22,701

 

 

 

22,563

 

 

 

22,422

 

 

 

22,277

 

Other assets

 

 

40,930

 

 

 

44,308

 

 

 

39,118

 

 

 

37,359

 

 

 

35,472

 

Total assets

 

$

3,035,539

 

 

$

2,966,426

 

 

$

2,886,484

 

 

$

2,860,231

 

 

$

2,813,434

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noninterest-bearing deposits

 

$

789,705

 

 

$

749,787

 

 

$

694,880

 

 

$

683,110

 

 

$

712,951

 

Interest-bearing deposits

 

 

1,644,086

 

 

 

1,563,999

 

 

 

1,589,922

 

 

 

1,530,864

 

 

 

1,573,664

 

Total deposits

 

 

2,433,791

 

 

 

2,313,786

 

 

 

2,284,802

 

 

 

2,213,974

 

 

 

2,286,615

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Borrowed funds

 

 

211,569

 

 

 

275,569

 

 

 

232,569

 

 

 

282,569

 

 

 

207,569

 

Subordinated debentures

 

 

48,839

 

 

 

48,779

 

 

 

48,719

 

 

 

48,659

 

 

 

9,277

 

Other liabilities

 

 

13,209

 

 

 

8,404

 

 

 

8,406

 

 

 

8,164

 

 

 

7,246

 

Total liabilities

 

 

2,707,408

 

 

 

2,646,538

 

 

 

2,574,496

 

 

 

2,553,366

 

 

 

2,510,707

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock

 

 

13,397

 

 

 

13,341

 

 

 

13,302

 

 

 

13,227

 

 

 

13,171

 

Capital surplus

 

 

221,762

 

 

 

220,665

 

 

 

219,760

 

 

 

218,408

 

 

 

216,943

 

Retained earnings

 

 

98,968

 

 

 

90,089

 

 

 

82,533

 

 

 

74,894

 

 

 

71,690

 

Accumulated other comprehensive (loss) income

 

 

(5,996

)

 

 

(4,207

)

 

 

(3,607

)

 

 

336

 

 

 

923

 

Total shareholders’ equity

 

 

328,131

 

 

 

319,888

 

 

 

311,988

 

 

 

306,865

 

 

 

302,727

 

Total liabilities and equity

 

$

3,035,539

 

 

$

2,966,426

 

 

$

2,886,484

 

 

$

2,860,231

 

 

$

2,813,434

 

 

4


Allegiance Bancshares, Inc.

Financial Highlights

(Unaudited)

 

 

Three Months Ended

 

 

Year-to-Date

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

 

September 30

 

 

June 30

 

 

March 31

 

 

December 31

 

 

September 30

 

 

September 30

 

 

September 30

 

 

 

(Dollars in thousands, except per share data)

 

INTEREST INCOME:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans, including fees

 

$

32,988

 

 

$

31,846

 

 

$

30,117

 

 

$

29,747

 

 

$

28,588

 

 

$

94,951

 

 

$

80,584

 

Securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxable

 

 

636

 

 

 

646

 

 

 

599

 

 

 

563

 

 

 

547

 

 

 

1,881

 

 

 

1,548

 

Tax-exempt

 

 

1,447

 

 

 

1,451

 

 

 

1,459

 

 

 

1,545

 

 

 

1,574

 

 

 

4,357

 

 

 

4,789

 

Deposits in other financial institutions

 

 

265

 

 

 

250

 

 

 

216

 

 

 

183

 

 

 

192

 

 

 

731

 

 

 

479

 

Total interest income

 

 

35,336

 

 

 

34,193

 

 

 

32,391

 

 

 

32,038

 

 

 

30,901

 

 

 

101,920

 

 

 

87,400

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INTEREST EXPENSE:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Demand, money market and savings deposits

 

 

1,248

 

 

 

887

 

 

 

976

 

 

 

992

 

 

 

811

 

 

 

3,111

 

 

 

2,167

 

Certificates and other time deposits

 

 

4,051

 

 

 

3,284

 

 

 

2,785

 

 

 

2,521

 

 

 

2,299

 

 

 

10,120

 

 

 

6,539

 

Borrowed funds

 

 

1,272

 

 

 

1,472

 

 

 

1,036

 

 

 

854

 

 

 

654

 

 

 

3,780

 

 

 

2,068

 

Subordinated debt

 

 

729

 

 

 

734

 

 

 

705

 

 

 

235

 

 

 

140

 

 

 

2,168

 

 

 

394

 

Total interest expense

 

 

7,300

 

 

 

6,377

 

 

 

5,502

 

 

 

4,602

 

 

 

3,904

 

 

 

19,179

 

 

 

11,168

 

NET INTEREST INCOME

 

 

28,036

 

 

 

27,816

 

 

 

26,889

 

 

 

27,436

 

 

 

26,997

 

 

 

82,741

 

 

 

76,232

 

Provision for loan losses

 

 

 

 

 

631

 

 

 

653

 

 

 

1,930

 

 

 

6,908

 

 

 

1,284

 

 

 

11,258

 

Net interest income after provision for loan losses

 

 

28,036

 

 

 

27,185

 

 

 

26,236

 

 

 

25,506

 

 

 

20,089

 

 

 

81,457

 

 

 

64,974

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NONINTEREST INCOME:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonsufficient funds fees

 

 

175

 

 

 

214

 

 

 

176

 

 

 

158

 

 

 

144

 

 

 

565

 

 

 

527

 

Service charges on deposit accounts

 

 

177

 

 

 

106

 

 

 

223

 

 

 

179

 

 

 

204

 

 

 

506

 

 

 

604

 

Gain (loss) on sale of securities

 

 

 

 

 

 

 

 

 

 

 

30

 

 

 

(12

)

 

 

 

 

 

(12

)

Gain on sales of other real estate

 

 

 

 

 

1

 

 

 

 

 

 

6

 

 

 

 

 

 

1

 

 

 

 

Bank owned life insurance

 

 

137

 

 

 

138

 

 

 

141

 

 

 

145

 

 

 

146

 

 

 

416

 

 

 

440

 

Rebate from correspondent bank

 

 

613

 

 

 

564

 

 

 

444

 

 

 

388

 

 

 

370

 

 

 

1,621

 

 

 

939

 

Other

 

 

826

 

 

 

782

 

 

 

662

 

 

 

677

 

 

 

608

 

 

 

2,270

 

 

 

1,780

 

Total noninterest income

 

 

1,928

 

 

 

1,805

 

 

 

1,646

 

 

 

1,583

 

 

 

1,460

 

 

 

5,379

 

 

 

4,278

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NONINTEREST EXPENSE:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Salaries and employee benefits

 

 

12,965

 

 

 

12,778

 

 

 

12,794

 

 

 

12,188

 

 

 

11,580

 

 

 

38,537

 

 

 

32,557

 

Net occupancy and equipment

 

 

1,281

 

 

 

1,333

 

 

 

1,272

 

 

 

1,398

 

 

 

1,325

 

 

 

3,886

 

 

 

4,054

 

Depreciation

 

 

490

 

 

 

433

 

 

 

407

 

 

 

412

 

 

 

427

 

 

 

1,330

 

 

 

1,225

 

Data processing and software amortization

 

 

1,226

 

 

 

1,356

 

 

 

1,053

 

 

 

1,850

 

 

 

783

 

 

 

3,635

 

 

 

2,197

 

Professional fees

 

 

303

 

 

 

567

 

 

 

469

 

 

 

222

 

 

 

822

 

 

 

1,339

 

 

 

2,704

 

Regulatory assessments and FDIC insurance

 

 

505

 

 

 

494

 

 

 

534

 

 

 

533

 

 

 

582

 

 

 

1,533

 

 

 

1,740

 

Core deposit intangibles amortization

 

 

195

 

 

 

196

 

 

 

195

 

 

 

195

 

 

 

195

 

 

 

586

 

 

 

586

 

Communications

 

 

262

 

 

 

259

 

 

 

248

 

 

 

252

 

 

 

251

 

 

 

769

 

 

 

731

 

Advertising

 

 

351

 

 

 

340

 

 

 

330

 

 

 

436

 

 

 

302

 

 

 

1,021

 

 

 

853

 

Acquisition and merger-related expenses

 

 

196

 

 

 

625

 

 

 

 

 

 

 

 

 

 

 

 

821

 

 

 

 

Other

 

 

1,390

 

 

 

1,479

 

 

 

1,415

 

 

 

1,790

 

 

 

1,409

 

 

 

4,284

 

 

 

4,039

 

Total noninterest expense

 

 

19,164

 

 

 

19,860

 

 

 

18,717

 

 

 

19,276

 

 

 

17,676

 

 

 

57,741

 

 

 

50,686

 

INCOME BEFORE INCOME TAXES

 

 

10,800

 

 

 

9,130

 

 

 

9,165

 

 

 

7,813

 

 

 

3,873

 

 

 

29,095

 

 

 

18,566

 

Provision for income taxes

 

 

1,921

 

 

 

1,574

 

 

 

1,454

 

 

 

4,609

 

 

 

887

 

 

 

4,949

 

 

 

4,138

 

NET INCOME

 

$

8,879

 

 

$

7,556

 

 

$

7,711

 

 

$

3,204

 

 

$

2,986

 

 

$

24,146

 

 

$

14,428

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EARNINGS PER SHARE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.66

 

 

$

0.57

 

 

$

0.58

 

 

$

0.24

 

 

$

0.23

 

 

$

1.81

 

 

$

1.10

 

Diluted

 

$

0.65

 

 

$

0.55

 

 

$

0.57

 

 

$

0.24

 

 

$

0.22

 

 

$

1.77

 

 

$

1.07

 

5


Allegiance Bancshares, Inc.

Financial Highlights

(Unaudited)

 

 

 

Three Months Ended

 

 

Year-to-Date

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

 

September 30

 

 

June 30

 

 

March 31

 

 

December 31

 

 

September 30

 

 

September 30

 

 

September 30

 

 

 

(Dollars and share amounts in thousands, except per share data)

 

Net income

 

$

8,879

 

 

$

7,556

 

 

$

7,711

 

 

$

3,204

 

 

$

2,986

 

 

$

24,146

 

 

$

14,428

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share, basic

 

$

0.66

 

 

$

0.57

 

 

$

0.58

 

 

$

0.24

 

 

$

0.23

 

 

$

1.81

 

 

$

1.10

 

Earnings per share, diluted

 

$

0.65

 

 

$

0.55

 

 

$

0.57

 

 

$

0.24

 

 

$

0.22

 

 

$

1.77

 

 

$

1.07

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Return on average assets(A)

 

 

1.18

%

 

 

1.03

%

 

 

1.09

%

 

 

0.45

%

 

 

0.43

%

 

 

1.10

%

 

 

0.73

%

Return on average equity(A)

 

 

10.80

%

 

 

9.55

%

 

 

10.10

%

 

 

4.15

%

 

 

3.90

%

 

 

10.16

%

 

 

6.55

%

Return on average tangible equity(A)(B)

 

 

12.40

%

 

 

11.02

%

 

 

11.71

%

 

 

4.82

%

 

 

4.55

%

 

 

11.72

%

 

 

7.67

%

Tax equivalent net interest margin(C)

 

 

4.10

%

 

 

4.21

%

 

 

4.20

%

 

 

4.33

%

 

 

4.37

%

 

 

4.17

%

 

 

4.34

%

Efficiency ratio(D)

 

 

63.95

%

 

 

67.05

%

 

 

65.59

%

 

 

66.50

%

 

 

62.14

%

 

 

65.52

%

 

 

62.97

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liquidity and Capital Ratios

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allegiance Bancshares, Inc. (Consolidated)