Alterola Biotech, Inc. (ALTA) Tops Q4 EPS by 5c

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Go back to Alterola Biotech, Inc. (ALTA) Tops Q4 EPS by 5c

Altabancorp™ Reports Fourth Quarter and Year-End 2020 Results

January 27, 2021 5:19 PM EST

2020 Highlights

Total assets grew $960 million, or 40%, year-over-year to $3.37 billion at December 31, 2020. Total deposits grew $860 million, or 42%, year-over-year to $2.92 billion at December 31, 2020. Loans grew $14.6 million, or 0.9%, to $1.70 billion at December 31, 2020. Cash and liquid investments securities grew $942 million, or 152%, to $1.56 billion, or 46% of total assets, at December 31, 2020. Tangible equity plus allowance for credit losses totaled $384 million, or 23% of total loans held for investment, at December 31, 2020, which provides overall credit protection for both expected and unexpected credit losses in its loan portfolio. Tangible book value per share increased $2.12, or 13.2%, to... More