Alerus: Q1 Earnings Snapshot
GRAND FORKS, N.D. (AP) — GRAND FORKS, N.D. (AP) — Alerus Financial Corporation (ALRS) on Wednesday reported first-quarter earnings of $6.4 million.
GRAND FORKS, N.D. (AP) — GRAND FORKS, N.D. (AP) — Alerus Financial Corporation (ALRS) on Wednesday reported first-quarter earnings of $6.4 million.
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On a per-share basis, the Grand Forks, North Dakota-based company said it had net income of 32 cents.
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The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.
The company posted revenue of $74.4 million in the period. Its adjusted revenue was $47.5 million.
Alerus shares have decreased 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $21, a climb of 37% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALRS at https://www.zacks.com/ap/ALRS