Yes — because a pair of equal alternate angles forces the opposite sides to be parallel.
Take ΔABC and a congruent copy ΔA′B′C′, and place the copy so that side B′C′ falls exactly on side CB (with B′ on C and C′ on B). Call the new figure ABDC, where D is the image of A.
These are alternate angles for the lines AC and BD with transversal BC.
Equal alternate angles ⟹ AC ∥ BD.
Congruence also gives A′C′ = AC, i.e. BD = AC.
A 4-gon with one pair of sides both equal and parallel is a parallelogram.
∴ ABDC is a parallelogram.
Hence area of parallelogram = 2 × area of triangle, and since the parallelogram has the same base BC = b and the same height h as the triangle,