Alerus Financial Corporation (ALRS) Tops Q1 EPS by 23c

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Go back to Alerus Financial Corporation (ALRS) Tops Q1 EPS by 23c

Alerus Financial Corporation Reports First Quarter 2021 Net Income of $15.2 Million

April 28, 2021 4:00 PM EDT

GRAND FORKS, N.D.--(BUSINESS WIRE)-- Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $15.2 million for the first quarter of 2021, or $0.86 per diluted common share, compared to net income of $10.2 million, or $0.57 per diluted common share, for the fourth quarter of 2020, and net income of $5.4 million, or $0.30 per diluted common share, for the first quarter of 2020.

CEO Comments

Chairman, President, and Chief Executive Officer Randy Newman said, We are pleased to report our record performance of 2020 carried through into the first quarter of 2021. We believe Alerus continues to... More