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Sep 30, 2021
Alerus Q3 2021 Earnings Report
Reported a net income of $13.1 million for the third quarter of 2021.
Key Takeaways
Alerus Financial Corporation reported a net income of $13.1 million for Q3 2021, with earnings per diluted common share at $0.74. The company's diversified business model, particularly in retirement, wealth management, and mortgage sectors, drove strong financial performance, achieving a return on tangible common equity of over 18.0%.
Net income for the third quarter of 2021 was $13.1 million, or $0.74 per diluted common share.
Return on average total assets was 1.62%, compared to 1.50% for the second quarter of 2021.
Net interest margin (tax-equivalent) was 2.78%, compared to 2.88% for the second quarter of 2021.
Mortgage originations totaled $415.8 million, a 23.8% decrease from the second 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.com Forward Guidance
This document does not contain forward guidance.