Alerus Financial Corporation (ALRS) Misses Q2 EPS by 4c

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Go back to Alerus Financial Corporation (ALRS) Misses Q2 EPS by 4c

Alerus Financial Corporation Reports Second Quarter 2022 Net Income of $9.3 Million

July 27, 2022 5:17 PM EDT

MINNEAPOLIS--(BUSINESS WIRE)-- Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $9.3 million for the second quarter of 2022, or $0.52 per diluted common share, compared to net income of $10.2 million, or $0.57 per diluted common share, for the first quarter of 2022, and net income of $11.7 million, or $0.66 per diluted common share, for the second quarter of 2021.

CEO Comments

President and Chief Executive Officer Katie Lorenson said, In the second quarter, we reported earnings per share of $0.53, which included a merger expense impact of $(0.05) related to the acquisition of Metro Phoenix Bank.... More