Allegiance bancshares, inc. reports record results for the second quarter 2021

Houston, july 29, 2021 (globe newswire) -- allegiance bancshares, inc. (nasdaq: abtx) (allegiance), the holding company of allegiance bank (the "bank"), today reported record net income of $22.9 million and diluted earnings per share of $1.12 for the second quarter 2021 compared to net income of $9.9 million and diluted earnings per share of $0.48 for the second quarter 2020. net income for the six months ended june 30, 2021 was $40.9 million, or $2.01 per diluted share, compared to $13.4 million, or $0.65 per diluted share, for the six months ended june 30, 2020. the second quarter and six months ended june 30, 2021 results were primarily due to a recapture of provision for credit losses and increased net interest income driven by lower funding costs.
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