reports
Allegiance Bancshares, Inc. and CBTX, Inc. Complete Merger of Equals t...
Allegiance Bancshares, Inc. and CBTX, Inc. Complete Merger of Equals to Become Stellar Bancorp, Inc. 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 ...
Allegiance Bancshares, Inc. and CBTX, Inc. Announce Regulatory Approva...
Allegiance Bancshares, Inc. and CBTX, Inc. Announce Regulatory Approvals for Merger of Equals 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 D...
Allegiance Bancshares, Inc. Reports Second Quarter 2022 Results
Allegiance Bancshares, Inc. Reports Second Quarter 2022 Results 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) (Allegia...
Allegiance Bancshares, Inc. Announces Second Quarter 2022 Earnings Rel...
Allegiance Bancshares, Inc. Announces Second Quarter 2022 Earnings Release and Conference Call Date 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 pr...
Allegiance Bancshares, Inc. and CBTX, Inc. Announce FDIC Approval of M...
Allegiance Bancshares, Inc. and CBTX, Inc. Announce FDIC Approval of Merger of Equals 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 Governo...
Allegiance Bancshares, Inc. and CBTX, Inc. Shareholders Approve Merger
Allegiance Bancshares, Inc. and CBTX, Inc. Shareholders Approve Merger 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 servi...
Introducing Stellar Bank: New Bank Resulting From the Merger of Equals...
Introducing Stellar Bank: New Bank Resulting From the Merger of Equals Between CommunityBank of Texas, N.A. and Allegiance Bank 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 i...
Allegiance Bancshares, Inc. Reports First Quarter 2022 Results
Allegiance Bancshares, Inc. Reports First Quarter 2022 Results 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 mil...
Allegiance Bancshares, Inc. Announces First Quarter 2022 Earnings Rele...
Allegiance Bancshares, Inc. Announces First Quarter 2022 Earnings Release and Conference Call Date 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 pr...
Allegiance Bancshares, Inc. Reports Record Annual Results for 2021
Allegiance Bancshares, Inc. Reports Record Annual Results for 2021 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, ...
Allegiance Bancshares, Inc. Announces Fourth Quarter 2021 Earnings Rel...
Allegiance Bancshares, Inc. Announces Fourth Quarter 2021 Earnings Release and Conference Call Date 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 w...
Allegiance Bancshares, Inc. and CBTX, Inc. to Combine to Create a Prem...
Allegiance Bancshares, Inc. and CBTX, Inc. to Combine to Create a Premier Texas Banking Franchise 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 throug...
Allegiance Bancshares, Inc. Reports Strong Results for the Third Quart...
Allegiance Bancshares, Inc. Reports Strong Results for the Third Quarter 2021 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 S...
Allegiance Bancshares, Inc. Announces Third Quarter 2021 Earnings Rele...
Allegiance Bancshares, Inc. Announces Third Quarter 2021 Earnings Release and Conference Call Date 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...
Allegiance Bancshares, Inc. Reports Record Results for the Second Quar...
Allegiance Bancshares, Inc. Reports Record Results for the Second Quarter 2021 Record net income and diluted earnings per share of $22.9 million and $1.12 for the second quarter 2021, respectively, and $40.9 million and $2.01 for the six months ended June 30, 2021, respectivelyDeposit growth of 15.6% to $5.43 billion as of June 30, 2021 from $4.70 billion as of June 30, 2020, driven primarily by $513.7 million, or 17.4%, growth in interest-bearing deposits and $218.9 million, or 12.5%, growth in noninterest-bearing depositsBoard declared quarterly dividend of $0.12 per share of common stock...
Allegiance Bancshares, Inc. Declares Common Stock Dividends
Allegiance Bancshares, Inc. Declares Common Stock Dividends 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 ...
Allegiance Bancshares, Inc. Announces Second Quarter 2021 Earnings Rel...
Allegiance Bancshares, Inc. Announces Second Quarter 2021 Earnings Release and Conference Call Date HOUSTON, July 06, 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 second quarter 2021 results on Thursday, July 29, 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 ...
Allegiance Bancshares, Inc. Reports First Quarter 2021 Record Results
Allegiance Bancshares, Inc. Reports First Quarter 2021 Record Results Record net income and diluted earnings per share of $18.0 million and $0.89, respectivelyFunded in excess of $1.04 billion in loans over the last year within the Small Business Administration Paycheck Protection Program (PPP) under the Coronavirus Aid, Relief and Economic Security Act (CARES Act)Deposit growth of 35.9% to $5.37 billion as of March 31, 2021 from $3.95 billion as of March 31, 2020, driven by $696.6 million, or 57.2%, growth in noninterest-bearing depositsBoard declared quarterly dividend of $0.12 per share ...
Allegiance Bancshares, Inc. Announces New Director, Declaration of Div...
Allegiance Bancshares, Inc. Announces New Director, Declaration of Dividend and Share Repurchase Authorization HOUSTON, April 23, 2021 (GLOBE NEWSWIRE) -- Allegiance Bancshares, Inc. (NASDAQ: ABTX) (“Allegiance”), the holding company of Allegiance Bank, announced the addition of Mr. Raimundo Riojas A. to Allegiance’s Board of Directors. Mr. Riojas also will serve on Allegiance’s Compensation Committee. “I am very pleased that Mr. Riojas has agreed to join our Board as he brings extensive international and leadership experience that will be a tremendous asset,” said George Martinez, Chai...
Allegiance Bancshares, Inc. Announces First Quarter 2021 Earnings Rele...
Allegiance Bancshares, Inc. Announces First Quarter 2021 Earnings Release and Conference Call Date HOUSTON, April 07, 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 first quarter 2021 results on Thursday, April 29, 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 ...
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