Alerus Financial Corporation (ALRS) Misses Q3 EPS by 18c

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Go back to Alerus Financial Corporation (ALRS) Misses Q3 EPS by 18c

Alerus Financial Corporation Reports Third Quarter 2024 Net Income of $5.2 Million

October 29, 2024 4:30 PM EDT

MINNEAPOLIS--(BUSINESS WIRE)-- Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $5.2 million for the third quarter of 2024, or $0.26 per diluted common share, compared to net income of $6.2 million, or $0.31 per diluted common share, for the second quarter of 2024, and net income of $9.2 million, or $0.45 per diluted common share, for the third quarter of 2023.

CEO Comments

President and Chief Executive Officer Katie Lorenson said, Earlier this month we closed on our 26th and largest acquisition in company history. In the transaction, we acquired a strong core deposit... More