Loading...
•
Jun 30, 2021
Alerus Q2 2021 Earnings Report
Alerus Financial Corporation reported a net income of $11.7 million for Q2 2021.
Key Takeaways
Alerus Financial Corporation reported a net income of $11.7 million for the second quarter of 2021, a decrease compared to the previous quarter's $15.2 million. The diluted earnings per common share were $0.66, also lower than the previous quarter's $0.86. The company saw a decrease in net interest income and noninterest income, with mortgage banking revenue particularly affected by a decline in the fair market value of the secondary market hedge.
Net income for the second quarter of 2021 was $11.7 million, or $0.66 per diluted common share.
Return on average total assets was 1.50%, compared to 2.02% for the first quarter of 2021.
Net interest margin was 2.88%, compared to 3.12% for the first quarter of 2021.
Mortgage originations totaled $545.4 million, a 5.3% increase from the first quarter of 2021.
Revenue by Segment
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...