Alerus Financial Corporation (ALRS) Tops Q1 EPS by 3c

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Go back to Alerus Financial Corporation (ALRS) Tops Q1 EPS by 3c

Alerus Financial Corporation Reports First Quarter 2022 Net Income of $10.2 Million

April 27, 2022 5:30 PM EDT

GRAND FORKS, N.D.--(BUSINESS WIRE)-- Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $10.2 million for the first quarter of 2022, or $0.57 per diluted common share, compared to net income of $12.7 million, or $0.72 per diluted common share, for the fourth quarter of 2021, and net income of $15.2 million, or $0.86 per diluted common share, for the first quarter of 2021.

CEO Comments

President and Chief Executive Officer Katie Lorenson said, Alerus entered the new year with upward momentum and finished the quarter strong, producing net income of $10.2 million and return on average... More