Allegiance bancshares, inc. reports fourth quarter and full year 2020 results

Houston, jan. 28, 2021 (globe newswire) -- allegiance bancshares, inc. (nasdaq: abtx) (allegiance), the holding company of allegiance bank (the "bank"), today reported net income of $15.9 million and diluted earnings per share of $0.77 for the fourth quarter 2020 compared to net income of $14.0 million and diluted earnings per share of $0.67 for the fourth quarter 2019. net income for the year ended december 31, 2020 was $45.5 million, or $2.22 per diluted share, compared to $53.0 million, or $2.47 per diluted share, for the year ended december 31, 2019.   the year ended december 31, 2020 results were primarily impacted by the increased provision for credit losses in response to covid-19-related uncertainties in the current economic environment partially offset by increased net interest income.
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