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Jun 30, 2022
Alerus Q2 2022 Earnings Report
Alerus Financial Corporation reported net income for the second quarter of 2022.
Key Takeaways
Alerus Financial Corporation reported a net income of $9.3 million, or $0.52 per diluted common share, for the second quarter of 2022. This compares to a net income of $10.2 million, or $0.57 per diluted common share, for the first quarter of 2022, and a net income of $11.7 million, or $0.66 per diluted common share, for the second quarter of 2021.
Reported earnings per share of $0.53, including a merger expense impact of $(0.05) related to the acquisition of Metro Phoenix Bank.
Excluding merger-related expenses, the underlying core ROE was 12.7%.
Robust loan growth drove solid net interest income growth.
Expanded client base in both retirement services and wealth management through consistent execution of the One Alerus Growth Strategy.
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 Forward Guidance
The document does not contain any forward guidance.