Allegiance Bancshares, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2022 10-Q, filed Jul 29, 2022. Its latest SEC filing is a 4 from Oct 25, 2022.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Provides commercial and retail banking services, including loans and deposit accounts, to small and medium-sized businesses, professionals and individuals in the Houston region.

How Did They Make Money?

Interest and dividends from loans and investments are its largest revenue source; it also collects account service charges and fees for services, billed periodically or according to activity.

Who Were Their Customers?

The bank offers in-person service through full-service offices and account access by phone, mobile app and online banking; it actively seeks business checking relationships.

Did Revenues Turn Into Profits?

Yes. It kept 32 cents of every revenue dollar as net income in FY2021 and turned 41 cents into free cash flow.

How Were They Changing?

Grew. Revenue grew 2.1x in 4 years, from $119.4M in FY2017 to $253.2M in FY2021, about 21% a year.