Comparing the current results to its competitors, Allegiance Bancshares Inc reported Revenue decrease in the 2 quarter 2022 year on year by -5.69 %, faster than the overall decrease of Allegiance Bancshares Inc's competitors by -4.37 %, recorded in the same quarter.
Allegiance Bancshares Inc. Net Income in the 2 quarter 2022 fell year on year by -28.3%, while most of its competitors have experienced a contraction in net income by -28.63 %.
Allegiance Bancshares Inc's Comment on Competition and Industry Peers
The Company competes in the highly competitive commercial banking industry solely
through the Bank and firmly believes that the Bank’s presence in the community
and philosophy of personalized service enhances its ability to attract and retain
customers. The Bank faces strong direct competition for deposit funds, lending
opportunities, talented lenders, acquisition candidates and other financial-related
services. The Company and the Bank compete with other commercial banks, thrifts
and credit unions and other financial institutions.
The Company competes for loans primarily with other commercial banks, savings
banks, savings and loan associations, credit unions, finance companies, mutual
funds, insurance companies, brokerage and investment banking firms, asset-based
nonbank lenders and certain other nonfinancial entities, including retail stores
that may maintain their own credit programs and certain governmental organizations,
all of which are actively engaged in providing various types of loans and other
financial services that may offer more favorable financing than the Company is
able to offer. Although some of the Company’s competitors are situated locally,
others have statewide or nationwide presence. The Company believes that it is
able to compete with other financial institutions because of its experienced banking
professionals, the range and quality of products that it offers, the Company’s
responsive decision-making with respect to loans and its emphasis on customer
service, establishing strong customer relationships and building customer loyalty
that distinguishes the Company from its competitors.
The Company relies heavily on the continued business its bankers generate and
the efforts of its officers and directors to solicit and refer potential customers
and the Company expects this reliance to continue for the foreseeable future.
The Company believes that its market share in its geographic areas of operation
is a reflection of the Company’s ability to compete with the larger banking
franchises in its markets.
Publicly Traded Peers of Allegiance Bancshares Inc.
Investors Bancorp Inc Share Performance
-3.88%
One Year
Investors Bancorp Inc
Profile
Investors Bancorp Inc is a financial holding company that primarily operates through its subsidiary, Investors Bank. They provide a range of banking products and services to individuals, businesses, and municipalities in New Jersey and New York.
Prosperity Bancshares Inc operates under a traditional banking business model, primarily providing commercial and consumer banking services. The company generates revenue through interest income from loans and investments, as well as non-interest income from various banking fees and services. It aims to grow and expand its customer base while maintaining a strong focus on profitability and risk management.
Peoples United Financial Inc operates through its subsidiary, Peoples United Bank, providing retail and commercial banking services. Its business model emphasizes personalized customer experiences, strong relationship management, and growth through strategic acquisitions.
Prime Meridian Holding Co operates as a bank holding company that provides innovative financial solutions to individuals and businesses. Its business model focuses on offering a wide range of banking services, including loans, deposits, and investment products, while prioritizing technological advancements and personalized customer experience.
Pnc Financial Services Group Inc Share Performance
+7.80%
This Year
Pnc Financial Services Group Inc
Profile
PNC Financial Services Group Inc operates as a diversified financial services company, offering an array of banking, investment, and asset management services to both individuals and businesses. The companys business model emphasizes a combination of physical branch locations and advanced digital banking platforms to provide tailored financial solutions that address the specific needs of their customers. By integrating technology with traditional banking services, PNC seeks to enhance customer experience and drive growth across its various financial service offerings.
Sources:
Allegiance Bancshares Inc.’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
For your research, we’ve provided 10 tables on Allegiance Bancshares Inc. versus competitors, including market share analysis.
You can find them in the navigation menu under Competition.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
