Altabancorp (ALTA) Income Statement Analysis

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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)

Industry: Banks - Regional

Sector: Financial Services

Website: http://www.altabancorp.com

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

Altabancorp (ALTA) Surpasses Q3 Earnings and Revenue Estimates

October 28, 2020zacks.com

Altabancorp (ALTA) delivered earnings and revenue surprises of 13.21% and 2.06%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Altabancorp™ Schedules Third Quarter 2020 Earnings Release Date and Conference Call

October 2, 2020businesswire.com

AMERICAN FORK, Utah--(BUSINESS WIRE)--Altabancorp™ (Nasdaq: ALTA) announced that it will report its third quarter 2020 financial results on Wednesday, October 28, 2020 after the market closes. Management will host a conference call on Thursday, October 29, 2020 at 10:00 a.m....