Alerus Financial Corporation Reports Third Quarter 2024 Net Income of $5.2 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 $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 CommentsPresident 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 base and strategically expanded into the vibrant Rochester and Southern Minnesota markets. Throughout the quarter and ahead of this closing, we continued to make long term investments to support and grow our uniquely diversified business model and revenue streams. We continued to demonstrate our position as an employer of choice, with the addition of a specialized equipment leasing te
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ALRS
News
- Alerus Financial Corporation 2024 Q3 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
- Alerus Financial Co. (NASDAQ: ALRS) had its price target lowered by analysts at Piper Sandler from $24.00 to $23.00. They now have a "neutral" rating on the stock.MarketBeat
- Alerus Financial Corporation Completes Acquisition of HMN Financial, Inc.Business Wire
- Alerus Financial Corporation to Announce Third Quarter Financial Results on Tuesday, October 29 [Yahoo! Finance]Yahoo! Finance
- Alerus Financial Corporation to Announce Third Quarter Financial Results on Tuesday, October 29Business Wire
ALRS
Earnings
- 10/29/24 - Miss
ALRS
Sec Filings
- 11/8/24 - Form SC
- 11/4/24 - Form 4
- 10/31/24 - Form 10-Q
- ALRS's page on the SEC website