Jul. 30 at 12:19 AM
$ALRS looks set up for a pop tomorrow.
The key takeaway: revenue came in ahead of expectations, backed by real operating strength.
• Net interest income rose 6.2% QoQ and 10.9% YoY
• Net interest margin expanded 20 bps QoQ to 3.97%
• Noninterest income increased 6.8% QoQ
• AUM/AUA surpassed
$50.4B, up 7% QoQ
• Nonperforming assets fell 68% QoQ
• Tangible book value grew 16% YoY
•
$6.8M buyback plus a dividend increase
Revenue growth, margin expansion, improving credit quality and capital returns.
Expecting
$ALRS to catch a bid tomorrow. Bullish.