Complete financial analysis of Altabancorp (ALTA) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Altabancorp, a leading company in the Banks – Regional industry within the Financial Services sector.
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Altabancorp (ALTA)
About Altabancorp
Altabancorp operates as the bank holding company for Altabank, a state-chartered bank that provides retail and commercial banking products and services. The company accepts various deposits, such as checking, rewards checking, savings, and money market deposit accounts, as well as individual retirement accounts and certificates of deposit. Its loan products include commercial and residential real estate lending comprising acquisition and development loans, construction loans, and mortgage financing; commercial and industrial loans; consumer loans consisting of home equity loans, home improvement loans, automobile loans, debt consolidation loans, and general consumer lending; and SBA loans. The company also offers credit and debit cards; investment securities, such as U.S. Agency issues, mortgage-backed securities, and municipal bonds; and mobile and Internet banking, automatic teller machine, treasury management, remote deposit capture, bill pay, cashier's checks, money orders, and safe deposit services. It serves real estate developers and contractors, small to medium sized businesses, individuals, and professionals and professional firms through 26 retail branches located in Utah and southern Idaho. The company was formerly known as People's Utah Bancorp and changed its name to Altabancorp in July 2020. Altabancorp was founded in 1905 and is headquartered in American Fork, Utah.
| Metric | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 126.15M | 125.10M | 123.31M | 95.03M | 84.49M | 77.64M | 68.05M | 55.02M | 48.39M |
| Cost of Revenue | 15.40M | 0.00 | 7.17M | 3.34M | 2.87M | 2.96M | 0.00 | 0.00 | 0.00 |
| Gross Profit | 110.74M | 125.10M | 116.13M | 91.69M | 81.62M | 74.68M | 68.05M | 55.02M | 48.39M |
| Gross Profit Ratio | 87.79% | 100.00% | 94.18% | 96.48% | 96.60% | 96.19% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 50.59M | 65.44M | 70.62M | 58.71M | 47.61M | 47.77M | 31.48M | 25.22M | 21.81M |
| Selling & Marketing | 1.65M | 1.83M | 0.00 | 0.00 | 0.00 | 0.00 | 934.00K | 907.00K | 871.00K |
| SG&A | 52.24M | 67.27M | 70.62M | 58.71M | 47.61M | 47.77M | 32.41M | 26.12M | 22.68M |
| Other Expenses | -50.59M | 9.13M | 7.17M | 3.34M | 2.87M | 2.96M | 17.59M | 14.88M | 17.32M |
| Operating Expenses | 1.65M | 76.40M | 77.80M | 62.05M | 50.48M | 50.73M | 50.00M | 41.00M | 40.00M |
| Cost & Expenses | 1.65M | 1.83M | 84.97M | 65.39M | 53.36M | 53.69M | 50.00M | 41.00M | 40.00M |
| Interest Income | 110.74M | 119.05M | 115.35M | 83.98M | 72.76M | 64.60M | 58.20M | 45.66M | 42.01M |
| Interest Expense | 7.03M | 9.13M | 7.17M | 3.34M | 2.87M | 2.96M | 3.26M | 3.34M | 3.63M |
| Depreciation & Amortization | 3.65M | 3.40M | 3.28M | 2.61M | 2.53M | 2.55M | 2.26M | 1.80M | 1.37M |
| EBITDA | 67.92M | 70.35M | 63.44M | 37.58M | 42.28M | 35.39M | 28.67M | 23.35M | 18.88M |
| EBITDA Ratio | 53.84% | 56.24% | 51.45% | 39.54% | 50.05% | 45.58% | 42.13% | 42.44% | 39.02% |
| Operating Income | 109.10M | 57.83M | 52.69M | 36.32M | 36.88M | 29.88M | 26.41M | 21.55M | 17.51M |
| Operating Income Ratio | 86.49% | 46.22% | 42.73% | 38.22% | 43.65% | 38.48% | 38.81% | 39.18% | 36.20% |
| Total Other Income/Expenses | -51.85M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -3.26M | -3.34M | -3.63M |
| Income Before Tax | 57.25M | 57.83M | 52.69M | 36.32M | 36.88M | 29.88M | 23.15M | 18.22M | 13.89M |
| Income Before Tax Ratio | 45.38% | 46.22% | 42.73% | 38.22% | 43.65% | 38.48% | 34.02% | 33.11% | 28.70% |
| Income Tax Expense | 13.75M | 13.50M | 12.35M | 11.78M | 13.27M | 10.26M | 8.25M | 6.34M | 4.64M |
| Net Income | 43.50M | 44.32M | 40.63M | 19.85M | 23.61M | 19.61M | 14.91M | 11.88M | 9.24M |
| Net Income Ratio | 34.49% | 35.43% | 32.95% | 20.88% | 27.94% | 25.26% | 21.90% | 21.59% | 19.10% |
| EPS | 2.31 | 2.34 | 2.14 | 1.08 | 1.30 | 1.17 | 0.87 | 0.70 | 0.54 |
| EPS Diluted | 2.31 | 2.34 | 2.14 | 1.08 | 1.30 | 1.17 | 0.87 | 0.70 | 0.54 |
| Weighted Avg Shares Out | 18.80M | 18.93M | 18.98M | 18.45M | 18.21M | 16.83M | 17.07M | 17.07M | 17.07M |
| Weighted Avg Shares Out (Dil) | 18.80M | 18.93M | 18.98M | 18.45M | 18.21M | 16.83M | 17.07M | 17.07M | 17.07M |
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Altabancorp (ALTA) Q2 Earnings and Revenues Surpass Estimates
Altabancorp™ Reports Second Quarter 2021 Financial Results
Analysts Estimate Altabancorp (ALTA) to Report a Decline in Earnings: What to Look Out for
AltabancorpTM Schedules Second Quarter Earnings Release Date
SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Altabancorp - ALTA
ALTABANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Altabancorp - ALTA
Altabancorp (ALTA) Soars 10%: Is Further Upside Left in the Stock?
Source: https://incomestatements.info
Category: Stock Reports