Allegiance Bancshares Inc. (ABTX) |
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Price: $0.0000
$0.00
%
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Day's High:
| 0.00
| Week Perf:
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Day's Low: |
$ 0.00 |
30 Day Perf: |
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Volume (M): |
0 |
52 Wk High: |
$ 0.00 |
Volume (M$): |
$ 0 |
52 Wk Avg: |
$0.00 |
Open: |
$0.00 |
52 Wk Low: |
$0.00 |
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Market Capitalization (Millions $) |
- |
Shares
Outstanding (Millions) |
21 |
Employees |
305 |
Revenues (TTM) (Millions $) |
237 |
Net Income (TTM) (Millions $) |
76 |
Cash Flow (TTM) (Millions $) |
-418 |
Capital Exp. (TTM) (Millions $) |
1 |
Allegiance Bancshares Inc.
Allegiance Bancshares, Inc. is a Texas corporation and registered bank holding
company headquartered in Houston, Texas. Through the Company’s wholly-owned
subsidiary, Allegiance Bank (the “Bank”), it provides a diversified
range of commercial banking services primarily to Houston metropolitan area-based
small to medium-sized businesses, professionals and individual customers. The
Company believes the size, growth and increasing economic diversity of the Houston
metropolitan area, when combined with the Company’s super-community banking
strategy, provides the Company with excellent opportunities for long-term, sustainable
growth. The Company’s super-community banking strategy, which is described
in more detail below, is designed to foster strong customer relationships while
benefitting from a platform and scale that is competitive with larger local
and regional banks. The Company believes this strategy presents a significant
market advantage when serving small to medium-sized business customers and further
enables the Company to attract talented bankers.
The Company currently operates 16 full-service banking locations in the Houston
metropolitan area. The Company has experienced significant growth since it began
banking operations in 2007, resulting from both organic growth, including de
novo branching, and two whole-bank acquisitions.
The Company’s objective is to grow and strengthen its community banking
franchise by deploying its super-community banking strategy and by pursuing
select strategic acquisitions in the Houston metropolitan area. The Company
is positioned to be a leading provider of personalized commercial banking services
by emphasizing the strength and capabilities of local bank office management
and by providing superior customer service. The Company has made the strategic
decision to focus on the Houston metropolitan area because of the Company’s
deep roots and experience operating through a variety of economic cycles in
this large and vibrant market.
Super-community banking strategy. The Company’s super-community banking
strategy emphasizes community involvement by its directors, officers and employees,
which allows the Company to be responsive in developing its products and services.
The Company’s approach produces a clear competitive advantage by delivering
an extraordinary customer experience and fostering a culture dedicated to achieving
both superior external and internal service levels. Greater efficiency results
from the Company’s focus on serving a select, but significant, portion
of the overall banking market, and on the operational leverage that results
from a market share driven by geographic concentration. The Company focuses
on establishing personal relationships with customers through superior service,
which is accomplished in part by empowering Company personnel to make certain
business decisions at a local level in order to respond quickly to customers’
needs. The Company emphasizes lending to and banking with small to medium-sized
businesses, for which it believes loans can be priced on terms that are more
attractive to the Company than would be achieved by lending to larger businesses.
The Company operates full-service decentralized branches and employs lenders
with strong underwriting credentials who are authorized to make loan and underwriting
decisions up to prescribed limits at the branch level. The Company supports
branch operations with a centralized credit approval process for larger credit
relationships, loan operations, information technology, core data processing,
accounting, finance, treasury and treasury management support, deposit operations
and executive and board oversight.
The Company plans to continue to emphasize the super-community banking strategy
to organically grow its presence in the Houston metropolitan area through:
increasing the productivity of existing bankers, as measured by loans, deposits
and fee income per banker, while enhancing profitability by leveraging the Company’s
existing operating platform;
focusing on local and individualized decision-making, allowing the Company to
provide customers with rapid decisions on loan requests, which the Company believes
allows it to effectively compete with larger financial institutions;
identifying and hiring additional seasoned bankers in the Company’s existing
and target markets in the Houston metropolitan area who will thrive utilizing
the Company’s super-community banking model, and opening additional branches
where the Company is able to attract seasoned bankers; and
developing new products designed to serve the increasingly diversified Houston
economy, while preserving the Company’s strong culture of risk management.
The Company offers a wide range of commercial and retail lending services,
including commercial loans, mortgage loans, home equity loans, personal loans
and automobile loans, among others, specifically designed for small to medium-sized
businesses and companies, professionals and individuals generally located within
Texas and primarily in the Houston metropolitan area.
Company Address: 8847 West Sam Houston Parkway, N. Houston 77040 TX
Company Phone Number: 894-3200 Stock Exchange / Ticker: NASDAQ ABTX
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Customers Net Income fell by |
ABTX's Customers Net Profit Margin fell to |
-9.3 % |
5.8 %
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Stock Performances by Major Competitors |
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Horizon Bancorp Inc
Horizon Bancorp Inc, a regional bank company, has recently seen an increase in its share price over the last month and the last five trading days, despite facing some challenges in its financial performance. The company's shares have seen a 3.35% increase over the course of the last 30 days and a 4.34% increase over the last five trading days. This positive movement in the stock price is a good sign for investors, but it is important to also consider the company's financial results and operational performance in order to fully understand the reasons behind this increase. For the period ending December 31, 2023, Horizon Bancorp Inc reported a shortfall of $-0.57 per share, compared to a profit of $0.48 per share in the previous year. This decrease in earnings per share is concerning and indicates that the company may be facing challenges in generating profits. The revenue also fell sharply by -63.126% to $20.53 million from $55.69 million in the same period a year before. This drop in revenue could be attributed to various factors such as slowing demand or changes in the market environment.
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Ohio Valley Banc Corp
In the face of a challenging landscape for regional banks, Ohio Valley Banc Corp (OVBC) managed to achieve expanding sales in its most recent fiscal period. However, the company experienced a shrinking earnings per share (EPS), raising questions about its future prospects. Let's delve into the financial results to better understand how these developments may impact the company going forward. Expanding Sales, Decreasing EPS: OVBC reported a 9.944% increase in revenue, reaching $14.21 million compared to $12.92 million on a year-over-year basis. While this indicates positive growth, the bottom-line paints a different picture, with EPS decreasing by 7.99% to $0.68 per share from $0.74 in the prior year's reporting season. This discrepancy suggests that OVBC's profitability is not keeping pace with its revenue growth.
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South Plains Financial Inc
South Plains Financial Inc (NASDAQ: SPFI) recently reported its financial results for the fourth quarter of 2023 earnings season, and it was not a pretty picture. Both revenue and earnings took a significant hit, with income falling by -14.8% to $0.62 per share and revenue by -10.343% year on year. Revenue in the fourth quarter of 2023 stood at $43.71 million, compared to $48.75 million in the same period of the previous year. Furthermore, the decline in performance was not just limited to the year-on-year comparison. Compared to the prior quarter, income saw a staggering drop of -20.06% from $0.78 per share, and revenue deteriorated by -10.188% from $48.67 million. Net profits for the financial fourth quarter of 2023 also fell by -18.2% to $10.324 million, down from $12.621 million in the corresponding period a year before.
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First Western Financial Inc
First Western Financial Inc (NASDAQ: MYFW) has recorded a disappointing fiscal span ending December 31, 2023, reflecting significant declines in both revenue and earnings. The company reported a drastic decline of -48.776% in revenue, which plummeted to $13.92 million compared to the previous year. Additionally, MYFW recorded a substantial shortfall per share, falling to $-0.33 from $0.49 in the fourth quarter of 2022. The decline in revenue is evident when comparing it to the preceding quarter, where income per share dropped from $0.32 per share and revenue tumbled by -38.237% from $22.54 million. These figures indicate a concerning trend of decreasing revenue for First Western Financial Inc.
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Coastal Financial Corporation
Coastal Financial Corporation, a Regional Banks company, recently reported its financial results for the quarter ending December 31, 2023. While the company saw a slight increase in revenue of 1.461%, it also experienced a significant decrease in income of -26.98% compared to the same quarter a year prior. Despite the revenue gain, earnings per share (EPS) also fell to $0.65. The behavior of Coastal Financial Corporation, as a Regional Banks company, has come as a surprise to many industry analysts. While other companies in the Regional Banks sector saw an average reduction in business of -8.12%, Coastal Financial Corporation managed to achieve a revenue increase. However, this was not enough to offset the significant decline in income.
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Per Share |
Current |
Earnings (TTM) |
3.71 $ |
Revenues (TTM) |
11.51 $
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Cash Flow (TTM) |
- |
Cash |
-
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Book Value |
34.33 $
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Dividend (TTM) |
0.52 $ |
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Per Share |
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Earnings (TTM) |
3.71 $
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Revenues (TTM) |
11.51 $ |
Cash Flow (TTM) |
- |
Cash |
-
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Book Value |
34.33 $ |
Dividend (TTM) |
0.52 $ |
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