Alerus Financial Corporation Reports Fourth Quarter 2024 Net Income of $3.2 Million
Alerus Financial Corporation (ALRS)
NASDAQ:AMEX Investor Relations:
investors.alerus.com
Company Research
Source: Business Wire
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $3.2 million for the fourth quarter of 2024, or $0.13 per diluted common share, compared to net income of $5.2 million, or $0.26 per diluted common share, for the third quarter of 2024, and net loss of $14.8 million, or ($0.73) per diluted common share, for the fourth quarter of 2023.CEO CommentsPresident and Chief Executive Officer Katie Lorenson said, “We are pleased to end 2024 with a solid quarter on across-the-board improvements to our performance metrics. The fourth quarter of 2024 was highlighted by the closing and conversion of HMN Financial, Inc. (“HMNF”), the largest acquisition in our Company history, and we welcome HMNF’s employees to the Alerus team. The combination of HMNF and meaningful organic growth in our underlying core business, drove an increase in earnings per share by a robust 41.9% versus the prior quarter. Notably, the net interest margin expan
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ALRS
News
- Alerus Financial (NASDAQ:ALRS) Is Paying Out A Dividend Of $0.21 [Yahoo! Finance]Yahoo! Finance
- Alerus Financial declares $0.21 dividend [Seeking Alpha]Seeking Alpha
- Alerus Financial Corporation Declares Cash Dividend on Common SharesBusiness Wire
- Alerus Financial (NASDAQ:ALRS) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating.MarketBeat
- Alerus Financial (NASDAQ:ALRS) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
ALRS
Earnings
- 10/30/25 - Beat
ALRS
Sec Filings
- 12/5/25 - Form 8-K
- 11/5/25 - Form 10-Q
- 10/30/25 - Form 8-K
- ALRS's page on the SEC website