HOUSTON (AP) _ Allegiance Bancshares Inc. (ABTX) on Friday reported fourth-quarter profit of $21.6 million.
The Houston-based bank said it had earnings of $1.06 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.
The bank holding company posted revenue of $66.1 million in the period. Its revenue net of interest expense was $60.6 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $59.9 million.
For the year, the company reported profit of $81.6 million, or $4.01 per share. Revenue was reported as $237.1 million.
Allegiance Bancshares shares have increased roughly 4% since the beginning of the year. The stock has increased 25% 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
/Intel%20Corp_%20logo%20on%20mobile%20phone-by%20Piotr%20Swat%20via%20Shutterstock.jpg)
/An%20image%20of%20a%20Tesla%20humanoid%20robot%20in%20front%20of%20the%20company%20logo%20Around%20the%20World%20Photos%20via%20Shutterstock.jpg)
/Alphabet%20(Google)%20Image%20by%20Markus%20Mainka%20via%20Shutterstock.jpg)
/Nvidia%20logo%20by%20Konstantin%20Savusia%20via%20Shutterstock.jpg)
/Micron%20Technology%20Inc_%20logo%20on%20building-by%20vzphotos%20vis%20iStock.jpg)