Allegiance Bancshares: 4Q Earnings Snapshot

January 25, 2019

HOUSTON (AP) _ Allegiance Bancshares Inc. (ABTX) on Friday reported fourth-quarter earnings of $13.2 million.

The Houston-based bank said it had earnings of 59 cents per share. Earnings, adjusted for non-recurring costs, came to 62 cents per share.

The bank holding company posted revenue of $58.6 million in the period. Its revenue net of interest expense was $48.2 million, exceeding Street forecasts.

For the year, the company reported profit of $37.3 million, or $2.37 per share. Revenue was reported as $136.3 million.

Allegiance Bancshares shares have increased roughly 10 percent since the beginning of the year. The stock has fallen slightly more than 9 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABTX at https://www.zacks.com/ap/ABTX

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