Alerus Financial Corporation Reports First Quarter 2024 Net Income of $6.4 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 $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 CommentsPresident 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 retirement businesses. Deposit growth and inflows were robust at over 6%, adjusted net interest margin expanded another 7 basis points and our loan to deposit ratio trended down to 85.2%. We leveraged the Bank Term Funding Program as a strategic arbitrage which was additive to net interest income during the quarter and helped drive over 3% sequential growth. The company’s fee
Show less
Read more
Impact Snapshot
Event Time:
ALRS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ALRS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ALRS alerts
High impacting Alerus Financial Corporation news events
Weekly update
A roundup of the hottest topics
ALRS
News
- Alerus Financial First Quarter 2024 Earnings: In Line With Expectations [Yahoo! Finance]Yahoo! Finance
- Alerus (ALRS) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
- Alerus (ALRS) Beats Q1 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Alerus Financial Corporation Reports First Quarter 2024 Net Income of $6.4 Million [Yahoo! Finance]Yahoo! Finance
- Alerus Financial Corporation to Announce First Quarter Financial Results on Wednesday, April 24 [Yahoo! Finance]Yahoo! Finance
ALRS
Earnings
- 4/24/24 - Beat
ALRS
Analyst Actions
- 3/14/24 - TheStreet
ALRS
Sec Filings
- 5/2/24 - Form 10-Q
- 4/29/24 - Form 8-K
- 4/24/24 - Form 8-K
- ALRS's page on the SEC website