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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 |
SHAREHOLDER ALERT: WeissLaw LLP Investigates Altabancorp
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Altabancorp
Glacier Bancorp (GBCI) to Buy Altabancorp (ALTA) for $933.5M
Altabancorp Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Altabancorp Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – ALTA
AltabancorpTM Announces Acquisition by Glacier Bancorp, Inc.
AltabancorpTM Announces Acquisition by Glacier Bancorp, Inc.
Altabancorp's (ALTA) CEO Len Williams on Q1 2021 Results - Earnings Call Transcript
Altabancorp (ALTA) Q1 Earnings Match Estimates
Altabancorp™ Reports First Quarter 2021 Financial Results
Altabancorp (ALTA) Expected to Beat Earnings Estimates: Should You Buy?
Source: https://incomestatements.info
Category: Stock Reports