Alerus Financial Corporation (ALRS) Tops Q3 EPS by 59c

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Go back to Alerus Financial Corporation (ALRS) Tops Q3 EPS by 59c

Alerus Financial Corporation Reports Third Quarter 2020 Net Income of $17.7 Million

October 28, 2020 5:30 PM EDT

GRAND FORKS, N.D.--(BUSINESS WIRE)-- Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $17.7 million for the third quarter of 2020, or $0.99 per diluted common share, compared to net income of $11.5 million, or $0.65 per diluted common share, for the second quarter of 2020, and net income of $7.1 million, or $0.48 per diluted common share, for the third quarter of 2019.

CEO Comments

Chairman, President, and Chief Executive Officer Randy Newman said, We are proud to report record quarterly net income of $17.7 million. Despite the uncertain economic environment and ongoing pandemic, our diversified... More