Allegiance Bancshares, Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Months Ended December 31, 2015; Reports Net Charge-Offs
For the full year, total interest income was $88,806,000 against $52,405,000 a year ago. Net interest income was $80,166,000 against $46,834,000 a year ago. Net interest income after provision for loan losses was $74,374,000 against $44,684,000 a year ago. Income before income taxes was $23,561,000 against $13,833,000 a year ago. Net income attributable to common stockholders was $15,227,000 against $9,005,000 a year ago. Earnings per common share, diluted were $1.43 against $1.26 a year ago. Return on average assets was 0.81% against 0.75% a year ago. Return on average common equity was 7.43% against 7.73% a year ago. Return on average tangible common equity was 9.52% against 8.70% a year ago.
For the quarter, the company net charge-offs (recoveries) was $265,000 against $638,000 a year ago.