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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.
Alerus
Alerus
Alerus Revenue by Segment
Revenue by Segment
Retirement Services Revenue
CapyFin.comWealth Management Revenue
CapyFin.comMortgage Banking Revenue
CapyFin.comDeposit Service Charges Revenue
CapyFin.comOther Income Revenue
CapyFin.com