Allegiance Bancshares

Allegiance Bank takes pride in bringing the best and brightest bankers together with a mission to serve the financial needs of growing small to medium-sized businesses in the Houston area. Our seasoned banking veterans provide a depth of knowledge that is difficult to match. Combine this with the agility of an aggressive management team, and you can rely on Allegiance Bank to help your business grow.

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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.

Allegiance Bancshares, Inc. and CBTX, Inc. Complete Merger of Equals to Become Stellar Bancorp, Inc.

Here is how Allegiance Bancshares (ABTX) and Carter Bankshares, Inc. (CARE) have performed compared to their sector so far this year.

Are Finance Stocks Lagging Allegiance Bancshares (ABTX) This Year?

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 Texas banking franchise with the scale and capabilities to provide extraordinary service to a broad range of business and consumer customers throughout the Houston region and beyond.

Allegiance Bancshares, Inc. and CBTX, Inc. Announce Regulatory Approvals for Merger of Equals

Here is how Allegiance Bancshares (ABTX) and Cullen/Frost Bankers (CFR) have performed compared to their sector so far this year.

Is Allegiance Bancshares (ABTX) Outperforming Other Finance Stocks This Year?

Allegiance Bancshares, Inc. (NASDAQ:ABTX ) Q2 2022 Earnings Conference Call July 29, 2022 10:00 AM ET Company Participants Courtney Theriot - Chief Accounting Officer Steve Retzloff - Chief Executive Officer Ray Vitulli - President and Chief Executive Officer, Allegiance Bank Paul Egge - Executive Vice President and Chief Financial Officer, Allegiance Bank Shanna Kuzdzal - Executive Vice President and General Counsel Conference Call Participants David Feaster - Raymond James Brad Milsaps - Piper Sandler Brady Gailey - KBW Matt Olney - Stephens Operator Thank you for standing by and welcome to the Second Quarter Allegiance Bancshares, Inc. Earnings Conference Call. [Operator Instructions] As a reminder, today's conference call is being recorded.

Allegiance Bancshares, Inc. (ABTX) CEO Steve Retzloff on Q2 2022 Results - Earnings Call Transcript

Allegiance Bancshares (ABTX) delivered earnings and revenue surprises of -6.98% and 1.38%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Allegiance Bancshares (ABTX) Q2 Earnings Lag Estimates

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 2022 compared to net income of $22.9 million and diluted earnings per share of $1.12 for the second quarter 2021. Net income for the six months ended June 30, 2022 was $35.1 million, or $1.71 per diluted share, compared to $40.9 million, or $2.01 per diluted share, for the six months ended June 30, 2021. The second quarter and six months ended June 30, 2022 results reflect the decreased impact of PPP loan revenue and included a normalized provision for credit losses compared to the recapture of provision for credit losses during the comparable periods in 2021. Additionally, noninterest expenses were elevated due to acquisition and merger-related expenses related to the pending merger of equals with CBTX, Inc. (“CBTX”) and increased operational losses recorded during the three and six months ended June 30, 2022.

Allegiance Bancshares, Inc. Reports Second Quarter 2022 Results

Allegiance Bancshares (ABTX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Allegiance Bancshares (ABTX) Expected to Beat Earnings Estimates: Should You Buy?

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.

Allegiance Bancshares, Inc. Announces Second Quarter 2022 Earnings Release and Conference Call Date

Allegiance Bancshares (ABTX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can Allegiance Bancshares (ABTX) Keep the Earnings Surprise Streak Alive?

After losing some value lately, a hammer chart pattern has been formed for Allegiance Bancshares (ABTX), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Here's Why Allegiance Bancshares (ABTX) Looks Ripe for Bottom Fishing

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.

Introducing Stellar Bank: New Bank Resulting From the Merger of Equals Between CommunityBank of Texas, N.A. and Allegiance Bank

Here is how Allegiance Bancshares (ABTX) and F.N.B. (FNB) have performed compared to their sector so far this year.

Has Allegiance Bancshares (ABTX) Outpaced Other Finance Stocks This Year?

Allegiance Bancshares, Inc. (NASDAQ:ABTX ) Q1 2022 Results Conference Call April 29, 2022 10:00 AM ET Company Participants Courtney Theriot - Chief Accounting Officer Steven Retzloff - Chief Executive Officer Ramon Vitulli - President and CEO of Allegiance Bank Paul Egge - EVP and Chief Financial Officer Conference Call Participants Brad Milsaps - Piper Sandler Matt Olney - Stephens Operator Good day, and thank you for standing by. Welcome to the Q1 2022 Allegiance Bancshares, Inc. Earnings Conference Call.

Allegiance Bancshares, Inc. (ABTX) CEO Steven Retzloff on Q1 2022 Results - Earnings Call Transcript

Allegiance Bancshares (ABTX) delivered earnings and revenue surprises of 8.33% and 2.52%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Allegiance Bancshares (ABTX) Q1 Earnings and Revenues Surpass Estimates

HOUSTON, April 29, 2022 (GLOBE NEWSWIRE) -- Allegiance Bancshares, Inc. (NASDAQ: ABTX) (Allegiance), the holding company of Allegiance Bank (the "Bank"), today reported net income of $18.7 million and diluted earnings per share of $0.91 for the first quarter 2022 compared to net income of $18.0 million and diluted earnings per share of $0.89 for the first quarter 2021.

Allegiance Bancshares, Inc. Reports First Quarter 2022 Results

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.

Allegiance Bancshares, Inc. Announces First Quarter 2022 Earnings Release and Conference Call Date

CBTX

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Allegiance Bancshares, Inc. (NasdaqGM: ABTX) to CBTX, Inc. (NasdaqGS: CBTX). Under the terms of the proposed transaction, shareholders of Allegiance will receive 1.4184 shares of CBTX for each share of Allegiance that they own. KSF is seeking to determine whether this consideration and the process that led to

ALLEGIANCE BANCSHARES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Allegiance Bancshares, Inc. - ABTX

Allegiance Bancshares, Inc. (ABTX) CEO Steven Retzloff on Q4 2021 Results - Earnings Call Transcript

Allegiance Bancshares (ABTX) delivered earnings and revenue surprises of 9.28% and 1.04%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Allegiance Bancshares (ABTX) Surpasses Q4 Earnings and Revenue Estimates

HOUSTON, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Allegiance Bancshares, Inc. (NASDAQ: ABTX) (Allegiance), the holding company of Allegiance Bank (the "Bank"), today reported record net income of $21.6 million and diluted earnings per share of $1.06 for the fourth quarter 2021 compared to net income of $15.9 million and diluted earnings per share of $0.77 for the fourth quarter 2020. Net income for the year ended December 31, 2021 was $81.6 million, or $4.01 per diluted share, compared to $45.5 million, or $2.22 per diluted share, for the year ended December 31, 2020. The fourth quarter results were primarily driven by the recapture of provision for credit losses and increased net interest income due to lower funding costs compared to the fourth quarter 2020. The year ended December 31, 2021 results were primarily driven by the recapture of provision for credit losses, increased net interest income due to the impact of PPP fee income and lower funding costs partially offset by elevated expenses as a result of increased performance-based accruals compared to the year ended December 31, 2020.

Allegiance Bancshares, Inc. Reports Record Annual Results for 2021

Allegiance Bancshares (ABTX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Allegiance Bancshares (ABTX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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 – News.

Allegiance Bancshares, Inc. Announces Fourth Quarter 2021 Earnings Release and Conference Call Date

NEW YORK, Nov. 17, 2021 /PRNewswire/ --  Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Allegiance Bancshares, Inc. ("ABTX" or the "Company") (ABTX) relating to its proposed acquisition by CBTX, Inc. Under the terms of the agreement, ABTX shareholders will receive 1.4184 shares of CBTX common stock per share they own. The investigation focuses on whether Allegiance Bancshares, Inc. and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, and 2) whether the transaction is properly valued.

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Allegiance Bancshares, Inc. - ABTX

Independence Holding Company

Meredith

Noble Corp PLC

NEW YORK, Nov. 17, 2021 /PRNewswire/ -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact: Joshua Rubin, Esq. WeissLaw LLP305 Broadway, 7th Floor New York, NY 10007 (212) 682-3025 (888) 593-4771 stockinfo@weisslawllp.com Independence Holding Company (NYSE: IHC) WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Independence Holding Company (NYSE: IHC) in connection with the proposed acquisition of the company by Geneve Holdings, Inc.  Under the terms of the acquisition agreement, the company's shareholders will receive $57.00 per share in cash for each share of IHC common stock that they hold.

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