Allegiance Bancshares, Inc. operates as the bank holding company for Allegiance Bank that provides a range of commercial banking services primarily to small and medium-sized businesses, professionals, and individual customers. It accepts deposit products, including checking accounts, commercial accounts, money market accounts, savings accounts, and other time deposits; and certificates of deposit. The company also grants various loan products, which include commercial and industrial loans; commercial real estate loans, including multi-family residential loans; commercial real estate construction and land development loans; residential real estate loans, such as 1-4 family residential mortgage loans; residential construction loans; and consumer and other loans. In addition, it offers automated teller machines, drive-through services, and depository facilities; mobile banking services; and telephone, mail, and Internet banking services. Further, the company provides safe deposit boxes, debit cards, cash management and wire transfer services, night depository services, direct deposits, cashier's checks, and letters of credit. As of December 31, 2020, it operated 28 offices, including 27 bank offices in the Houston metropolitan area and one office in Beaumont. The company was founded in 2007 and is headquartered in Houston, Texas.
IPO Year: 2015
Exchange: NASDAQ
Website: allegiancebank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/7/2022 | $43.00 | Mkt Perform → Outperform | Raymond James |
Raymond James upgraded Allegiance Bancshares from Mkt Perform to Outperform and set a new price target of $43.00
AUSTIN, Texas--(BUSINESS WIRE)--Brigham Minerals, Inc. (NYSE: MNRL) (“Brigham Minerals,” “Brigham,” or the “Company”), a leading mineral and royalty interest acquisition company, today announces the appointment of a new independent director, Jon-Al Duplantier, to the Company’s Board of Directors effective February 19, 2021. Bud M. (“Bud”) Brigham, Executive Chairman commented, “I am extremely excited to announce the appointment of Jon-Al to our Board of Directors. Jon-Al brings an oil field service perspective to the Board as well as a tremendous background working in complex regulatory environments across the globe. With his extensive experience, we believe Jon-Al will provide an
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8-K - Allegiance Bancshares, Inc. (0001642081) (Filer)
Core loan growth of $112.1 million, or 10.7% (annualized), to $4.32 billion as of June 30, 2022 compared to $4.20 billion as of March 31, 2022 and $355.4 million, or 9.0%, compared to June 30, 2021; core loans exclude Paycheck Protection Program (PPP) loansNet income and diluted earnings per share of $16.4 million and $0.80 for the second quarter 2022, respectivelyBoard declared quarterly dividend of $0.14 per share of common stock HOUSTON, July 29, 2022 (GLOBE NEWSWIRE) -- Allegiance Bancshares, Inc. (NASDAQ:ABTX) (Allegiance), the holding company of Allegiance Bank (the "Bank"), today reported net income of $16.4 million and diluted earnings per share of $0.80 for the second quarter 202
HOUSTON, July 20, 2022 (GLOBE NEWSWIRE) -- Allegiance Bancshares, Inc. (NASDAQ:ABTX) ("Allegiance"), the holding company of Allegiance Bank, today announced that it will hold a conference call to discuss its second quarter 2022 results on Friday, July 29, 2022, at 9:00 a.m. Central (10:00 a.m. Eastern). The conference call will be hosted by Steve Retzloff, Chief Executive Officer; Ray Vitulli, President; and Paul Egge, Chief Financial Officer. The related earnings release will be issued prior to the market opening on Friday, July 29, 2022, and will also be available on the Investor Relations section of Allegiance's website at www.allegiancebank.com, under News and Events – News. Conferenc
Record core loan growth of $130.3 million, or 12.8% (annualized), to $4.20 billion as of March 31, 2022 compared to $4.07 billion as of December 31, 2021 and $274.1 million, or 7.0%, compared to March 31, 2021; core loans exclude Paycheck Protection Program (PPP) loansNet income and diluted earnings per share of $18.7 million and $0.91 for the first quarter 2022, respectivelyDeposit growth of $114.7 million, or 7.6% (annualized), to $6.16 billion as of March 31, 2022 from $6.05 billion as of December 31, 2021 and grew $788.1 million, or 14.7%, from $5.37 billion at March 31, 2021Board declared quarterly dividend of $0.14 per share of common stock and authorized a one million share repurchase
HOUSTON, April 07, 2022 (GLOBE NEWSWIRE) -- Allegiance Bancshares, Inc. (NASDAQ:ABTX) ("Allegiance"), the holding company of Allegiance Bank, today announced that it will hold a conference call to discuss its first quarter 2022 results on Friday, April 29, 2022, at 9:00 a.m. Central (10:00 a.m. Eastern). The conference call will be hosted by Steve Retzloff, Chief Executive Officer; Ray Vitulli, President; and Paul Egge, Chief Financial Officer. The related earnings release will be issued prior to the market opening on Friday, April 29, 2022, and will also be available on the Investor Relations section of Allegiance's website at www.allegiancebank.com, under News and Events – News. Confere
Net income and diluted earnings per share of $21.6 million and $1.06 for the fourth quarter 2021, respectively, and record annual net income of $81.6 million and diluted earnings per share of $4.01 for the year ended December 31, 2021Deposit growth of 21.2% to $6.05 billion as of December 31, 2021 from $4.99 billion as of December 31, 2020, driven primarily by $538.5 million, or 31.6%, growth in noninterest-bearing deposits and $432.7 million, or 98.9%, growth in interest-bearing demand depositsCore loans of $4.07 billion, which exclude PPP loans, as of December 31, 2021 increased $75.1 million, or 7.5% (annualized), compared to September 30, 2021 and $152.7 million, or 3.9%, compared to Dec
HOUSTON, Jan. 07, 2022 (GLOBE NEWSWIRE) -- Allegiance Bancshares, Inc. (NASDAQ:ABTX) ("Allegiance"), the holding company of Allegiance Bank, today announced that it will hold a conference call to discuss its fourth quarter and year-end 2021 results on Friday, January 28, 2022, at 9:00 a.m. Central (10:00 a.m. Eastern). The conference call will be hosted by Steve Retzloff, Chief Executive Officer; Ray Vitulli, President; and Paul Egge, Chief Financial Officer. The related earnings release will be issued prior to the market opening on Friday, January 28, 2022, and will also be available on the Investor Relations section of Allegiance's website at www.allegiancebank.com, under News and Events
Merger of equals between the two largest community banks in a region dominated by large out-of-state banks and underserved by locally-based community banks Combination of complementary platforms and shared vision of continued growth to create a company with enhanced competitive position in highly attractive and growing Texas marketsCombined franchise will have over $11 billion in assets and be well-positioned to support future growth and performanceSignificant shareholder value creation through anticipated earnings per share accretion and enhanced profitabilityExperienced and compatible management team with strong cultural alignment and shared values including deep community ties, customer-
Net income and diluted earnings per share of $19.1 million and $0.93 for the third quarter 2021, respectively, and $60.0 million and $2.95 for the nine months ended September 30, 2021, respectivelyDeposit growth of 15.2% to $5.67 billion as of September 30, 2021 from $4.92 billion as of September 30, 2020, driven primarily by $435.5 million, or 13.8%, growth in interest-bearing deposits and $314.0 million, or 17.7%, growth in noninterest-bearing depositsCore loans of $4.00 billion, which exclude PPP loans, as of September 30, 2021 increased $37.9 million, or 3.8% (annualized), compared to June 30, 2021 and $117.3 million, or 3.0%, from $3.88 billion at September 30, 2020Board declared quarte
HOUSTON, Oct. 12, 2021 (GLOBE NEWSWIRE) -- Allegiance Bancshares, Inc. (NASDAQ:ABTX) ("Allegiance"), the holding company of Allegiance Bank, today announced that it will hold a conference call to discuss its third quarter 2021 results on Thursday, October 28, 2021, at 9:00 a.m. Central (10:00 a.m. Eastern). The conference call will be hosted by Steve Retzloff, Chief Executive Officer; Ray Vitulli, President; and Paul Egge, Chief Financial Officer. The related earnings release will be issued prior to the market opening on Thursday, October 28, 2021, and will also be available on the Investor Relations section of Allegiance's website at www.allegiancebank.com, under News and Events – News.
HOUSTON, Tx., July 23, 2021 (GLOBE NEWSWIRE) -- Allegiance Bancshares, Inc. (NASDAQ:ABTX) ("Allegiance"), the holding company of Allegiance Bank, announced the Board of Directors of Allegiance declared a cash dividend of $0.12 per share to be paid on September 15, 2021 to shareholders of record as of August 31, 2021. About Allegiance Bancshares, Inc. As of March 31, 2021, Allegiance was a $6.43 billion asset Houston, Texas-based bank holding company. Through its wholly owned subsidiary, Allegiance Bank, Allegiance provides a diversified range of commercial banking services primarily to small- to medium-sized businesses and individual customers in the Houston region. Allegiance's super-co
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HOUSTON, Sept. 30, 2022 (GLOBE NEWSWIRE) -- Allegiance Bancshares, Inc. (NASDAQ:ABTX) ("Allegiance"), the holding company of Allegiance Bank, and CBTX, Inc. (NASDAQ:CBTX) ("CBTX"), the holding company of CommunityBank of Texas, N.A., today jointly announced the closing of the merger of equals between Allegiance and CBTX to form Stellar Bancorp, Inc. ("Stellar"), effective October 1, 2022. The merger creates the 9th largest bank headquartered in Texas with the 19th largest deposit market share in the State of Texas. "The completion of this merger unites our two similarly-focused community banks," said CBTX's Chairman, CEO and President Robert R. Franklin, Jr., who will lead Stellar as CE
NEW YORK, Sept. 23, 2022 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600: PG&E Corp. (NYSE:PCG) will replace Citrix Systems Inc. (NASD: CTXS) in the S&P 500 effective prior to the opening of trading on Monday, October 3. Vista Equity Partners is acquiring Citrix Systems in a transaction expected to be completed September 30, pending final conditions.S&P MidCap 400 constituent EQT Corp. (NYSE:EQT) will replace Duke Realty Corp. (NYSE:DRE) in the S&P 500, S&P SmallCap 600 constituent ExlService Holdings Inc. (NASD: EXLS) will replace EQT in the S&P MidCap 400, and Mister Car Wash Inc. (NYSE:MCW) will replace ExlService H
HOUSTON, Sept. 15, 2022 (GLOBE NEWSWIRE) -- Allegiance Bancshares, Inc. (NASDAQ:ABTX) ("Allegiance"), the holding company of Allegiance Bank, and CBTX, Inc. (NASDAQ:CBTX) ("CBTX"), the holding company of CommunityBank of Texas, N.A., today jointly announced receipt of regulatory approval from the Board of Governors of the Federal Reserve System to complete the previously announced merger of equals. This approval follows prior approvals from the Federal Deposit Insurance Corporation, the Texas Department of Banking and the shareholders of both companies. No further regulatory approvals are required to complete the merger of Allegiance and CBTX. Upon closing, the merger will create a premier
HOUSTON, Sept. 15, 2022 (GLOBE NEWSWIRE) -- Allegiance Bancshares, Inc. (NASDAQ:ABTX) ("Allegiance"), the holding company of Allegiance Bank, and CBTX, Inc. (NASDAQ:CBTX) ("CBTX"), the holding company of CommunityBank of Texas, N.A., today jointly announced receipt of regulatory approval from the Board of Governors of the Federal Reserve System to complete the previously announced merger of equals. This approval follows prior approvals from the Federal Deposit Insurance Corporation, the Texas Department of Banking and the shareholders of both companies. No further regulatory approvals are required to complete the merger of Allegiance and CBTX. Upon closing, the merger will create a premier
Core loan growth of $112.1 million, or 10.7% (annualized), to $4.32 billion as of June 30, 2022 compared to $4.20 billion as of March 31, 2022 and $355.4 million, or 9.0%, compared to June 30, 2021; core loans exclude Paycheck Protection Program (PPP) loansNet income and diluted earnings per share of $16.4 million and $0.80 for the second quarter 2022, respectivelyBoard declared quarterly dividend of $0.14 per share of common stock HOUSTON, July 29, 2022 (GLOBE NEWSWIRE) -- Allegiance Bancshares, Inc. (NASDAQ:ABTX) (Allegiance), the holding company of Allegiance Bank (the "Bank"), today reported net income of $16.4 million and diluted earnings per share of $0.80 for the second quarter 202
HOUSTON, July 20, 2022 (GLOBE NEWSWIRE) -- Allegiance Bancshares, Inc. (NASDAQ:ABTX) ("Allegiance"), the holding company of Allegiance Bank, today announced that it will hold a conference call to discuss its second quarter 2022 results on Friday, July 29, 2022, at 9:00 a.m. Central (10:00 a.m. Eastern). The conference call will be hosted by Steve Retzloff, Chief Executive Officer; Ray Vitulli, President; and Paul Egge, Chief Financial Officer. The related earnings release will be issued prior to the market opening on Friday, July 29, 2022, and will also be available on the Investor Relations section of Allegiance's website at www.allegiancebank.com, under News and Events – News. Conferenc
HOUSTON, June 16, 2022 (GLOBE NEWSWIRE) -- Allegiance Bancshares, Inc. (NASDAQ:ABTX) ("Allegiance"), the holding company of Allegiance Bank, and CBTX, Inc. (NASDAQ:CBTX) ("CBTX"), the holding company of CommunityBank of Texas, N.A., today jointly announced receipt of regulatory approval from the Federal Deposit Insurance Corporation ("FDIC"), which follows the recent approval from shareholders of both companies. The merger remains subject to the receipt of regulatory approvals from the Board of Governors of the Federal Reserve System and the Texas Department of Banking. We expect to close the merger in the third quarter after receipt of such approvals and the satisfaction of other customar
HOUSTON, June 16, 2022 (GLOBE NEWSWIRE) -- Allegiance Bancshares, Inc. (NASDAQ:ABTX) ("Allegiance"), the holding company of Allegiance Bank, and CBTX, Inc. (NASDAQ:CBTX) ("CBTX"), the holding company of CommunityBank of Texas, N.A., today jointly announced receipt of regulatory approval from the Federal Deposit Insurance Corporation ("FDIC"), which follows the recent approval from shareholders of both companies. The merger remains subject to the receipt of regulatory approvals from the Board of Governors of the Federal Reserve System and the Texas Department of Banking. We expect to close the merger in the third quarter after receipt of such approvals and the satisfaction of other customar
HOUSTON, May 24, 2022 (GLOBE NEWSWIRE) -- Allegiance Bancshares, Inc. (NASDAQ:ABTX) ("Allegiance"), the holding company of Allegiance Bank, and CBTX, Inc. (NASDAQ:CBTX) ("CBTX"), the holding company of CommunityBank of Texas, N.A., announced today that their respective shareholders had approved the agreement for the merger of equals of Allegiance and CBTX. These approvals complete another step in the process to establish Stellar Bank, a premier local bank with the scale and capabilities to provide extraordinary service to a broad range of business and consumer customers throughout the Houston region and beyond. At the respective special meetings of Allegiance and CBTX shareholders held to
HOUSTON, May 17, 2022 (GLOBE NEWSWIRE) -- CBTX, Inc. (NASDAQ:CBTX) (CBTX), the parent company of CommunityBank of Texas, N.A., and Allegiance Bancshares, Inc. (NASDAQ:ABTX) (Allegiance), the holding company of Allegiance Bank, jointly announced today that Stellar Bancorp, Inc. will be the name of the combined company and Stellar Bank will be the name of the combined bank to be created through their merger of equals. Upon completion of the merger, Stellar Bank is expected to have over $11 billion in assets and have the 6th largest deposit market share in Houston. Robert R. Franklin, Jr., Chairman, CEO and President of CBTX, Inc. who will serve as Stellar Bancorp, Inc.'s CEO said, "When we
Allegiance Bancshares, Inc. (NASDAQ:ABTX) ("Allegiance"), the holding company of Allegiance Bank, and CBTX, Inc. (NASDAQ:CBTX) ("CBTX"), the holding company of CommunityBank of Texas, N.A., today jointly announced receipt of regulatory approval from the Board of Governors of the Federal Reserve System to complete the previously announced merger of equals. This approval follows prior approvals from the Federal Deposit Insurance Corporation, the Texas Department of Banking and the shareholders of both companies. No further regulatory approvals are required to complete the merger of Allegiance and CBTX. Upon closing, the merger will create a premier Texas banking franchise with the scale and ca
Raymond James analyst David Feaster maintains Allegiance Bancshares (NASDAQ:ABTX) with a Outperform and raises the price target from $43 to $46.
Allegiance Bancshares (NASDAQ:ABTX) reported its Q2 earnings results on Friday, July 29, 2022 at 07:00 AM. Here's what investors need to know about the announcement. Earnings Allegiance Bancshares beat estimated earnings by 15.94%, reporting an EPS of $0.8 versus an estimate of $0.69. Revenue was up $1.32 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.09 which was followed by a 1.74% increase in the share price the next day. Here's a look at Allegiance Bancshares's past performance: Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021 EPS Estimate 0.82 0.95 1 0.90 EPS Actual
Allegiance Bancshares (NASDAQ:ABTX) reported quarterly earnings of $0.80 per share which beat the analyst consensus estimate of $0.69 by 15.94 percent. This is a 28.57 percent decrease over earnings of $1.12 per share from the same period last year.
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Allegiance Bancshares (NASDAQ:ABTX) is set to give its latest quarterly earnings report on Friday, 2022-07-29. Here's what investors need to know before the announcement. Analysts estimate that Allegiance Bancshares will report an earnings per share (EPS) of $0.69. Allegiance Bancshares bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $0.09, which was followed by a
Upgrades For Pacific Premier Bancorp Inc (NASDAQ:PPBI), Raymond James upgraded the previous rating of Outperform to Strong Buy. In the first quarter, Pacific Premier Bancorp showed an EPS of $0.70, compared to $0.72 from the year-ago quarter. At the moment, the stock has a 52-week-high of $45.24 and a 52-week-low of $27.92. Pacific Premier Bancorp closed at $30.08 at the end of the last trading period. For Heritage Commerce Corp (NASDAQ:HTBK), Raymond James upgraded the previous rating of Outperform to Strong Buy. For the first quarter, Heritage Commerce had an EPS of $0.21, compared to year-ago quarter EPS of $0.19. The current stock performance of Heritage Commerce shows a 52-week-high
Raymond James upgrades Allegiance Bancshares (NASDAQ:ABTX) from Market Perform to Outperform and announces $43 price target.
Pulled from Benzinga Pro data, Allegiance Bancshares (NASDAQ:ABTX) posted Q1 earnings of $18.66 million, an increase from Q4 of 13.46%. Sales dropped to $59.19 million, a 2.26% decrease between quarters. Allegiance Bancshares earned $21.56 million, and sales totaled $60.56 million in Q4. What Is ROCE? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth of a company and is a sign of higher earnings per share in the future. A low or negative ROCE suggests the opposite. In Q1, Allegiance Bancshares posted an RO
Allegiance Bancshares (NASDAQ:ABTX) reported its Q1 earnings results on Friday, April 29, 2022 at 07:00 AM. Here's what investors need to know about the announcement. Earnings Allegiance Bancshares beat estimated earnings by 10.98%, reporting an EPS of $0.91 versus an estimate of $0.82. Revenue was up $1.76 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.11 which was followed by a 1.99% drop in the share price the next day. Here's a look at Allegiance Bancshares's past performance: Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021 EPS Estimate 0.95 1 0.90 0.83 EPS Actual