Alerus: Q4 Earnings Snapshot
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.