Alerus: Q4 Earnings Snapshot

January 25, 2023 GMT

GRAND FORKS, N.D. (AP) _ Alerus Financial Corporation (ALRS) on Wednesday reported fourth-quarter profit of $10.9 million.

On a per-share basis, the Grand Forks, North Dakota-based company said it had net income of 53 cents.

The company posted revenue of $61.3 million in the period. Its adjusted revenue was $52.5 million.

For the year, the company reported profit of $40 million, or $2.10 per share. Revenue was reported as $211 million.

Alerus shares have dropped roughly 4% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $22.50, a fall of 21% 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