Alerus Financial Corporation (ALRS) Reports In-Line Q1 EPS

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Go back to Alerus Financial Corporation (ALRS) Reports In-Line Q1 EPS

Alerus Financial Corporation Reports First Quarter 2024 Net Income of $6.4 Million

April 24, 2024 4:30 PM EDT

MINNEAPOLIS--(BUSINESS WIRE)-- Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $6.4 million for the first quarter of 2024, or $0.32 per diluted common share, compared to a net loss of $14.8 million, or ($0.73) per diluted common share, for the fourth quarter of 2023, and net income of $8.2 million, or $0.40 per diluted common share, for the first quarter of 2023.

CEO Comments

President and Chief Executive Officer Katie Lorenson said, Our momentum continues into 2024 as we started the year with strong production and client acquisition in our commercial wealth bank and national... More