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The latest update is out from Alerus Financial ( (ALRS) ).
On January 28, 2025, Alerus Financial Corporation announced a net income of $3.2 million for the fourth quarter of 2024, marking a significant improvement from a net loss in the same quarter the previous year. This quarter’s performance was bolstered by the acquisition of HMN Financial, Inc., which was the largest in the company’s history, and contributed to a 41.9% increase in earnings per share compared to the previous quarter. The company’s net interest margin and efficiency ratio also improved significantly. While capital ratios declined due to the acquisition, Alerus remained above well-capitalized thresholds and plans to continue focusing on sustainable growth and shareholder value into 2025.
More about Alerus Financial
Alerus Financial Corporation operates in the financial services industry, providing a range of banking, retirement planning, and wealth management services. The company is focused on growing its diversified revenue streams and maintaining strong asset quality.
YTD Price Performance: 5.64%
Average Trading Volume: 86,415
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $502.5M
See more insights into ALRS stock on TipRanks’ Stock Analysis page.
