Alerus Financial Corporation Reports Second Quarter 2020 Net Income of $11.5 Million

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Go back to Alerus Financial Corporation Reports Second Quarter 2020 Net Income of $11.5 Million

Alerus Financial Corporation (ALRS) Tops Q2 EPS by 34c

July 28, 2020 4:01 PM EDT

Alerus Financial Corporation (NASDAQ: ALRS) reported Q2 EPS of $0.65, $0.34 better than the analyst estimate of $0.31.

Chairman, President, and Chief Executive Officer Randy Newman said, We are proud to report record quarterly net income of $11.5 million. This strong financial performance, driven by our diversified business model, included record quarterly mortgage originations of $431.6 million, an increase in deposits of over $481.8 million in the first half of 2020, and steady performance across our wealth... More