Alerus Financial Corp (ALRS) Reports Q4 Loss and Balance Sheet Repositioning [Yahoo! Finance]
Alerus Financial Corporation (ALRS)
NASDAQ:AMEX Investor Relations:
investors.alerus.com
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Source: Yahoo! Finance
Balance Sheet Repositioning : Sold $172.3 million of AFS securities, resulting in a one-time pre-tax net loss of $24.6 million, but reinvested in loans and reduced borrowings. Adjusted Pre-Provision Net Revenue : Slightly increased to $9.0 million from $8.9 million in Q3 2023, indicating resilience in core operations. Net Interest Margin : Improved to 2.37% in Q4 2023 from 2.27% in Q3 2023, despite a year-over-year decrease from 3.09% in Q4 2022. Noninterest Income : Experienced a significant decrease to $0.8 million in Q4 2023 due to the loss on sale of investment securities. Loan Growth : Total loans increased by 12.8% year-over-year to $2.8 billion as of December 31, 2023. Capital Strength : Tangible book value per common share grew to $15.46, and the company returned over $5.8 million to shareholders through dividends and share buybacks. Warning! GuruFocus has detected 6 Warning Signs with ALRS. Alerus Financial Corp ( NASDAQ:ALRS ) released its 8-K filing on Januar
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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 Reports First Quarter 2024 Net Income of $6.4 MillionBusiness Wire
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