Loading...
•
Sep 30, 2022
Alerus Q3 2022 Earnings Report
Net income reported at $9.6 million, including $1.8 million of merger expenses from the Metro Phoenix Bank acquisition.
Key Takeaways
Alerus Financial Corporation reported a net income of $9.6 million for Q3 2022, or $0.47 per diluted common share. The seamless integration of Metro Phoenix Bank marks a historic milestone as the Company’s twenty-fifth acquisition.
Net income of $9.6 million included $1.8 million of merger expenses.
Strong loan growth driven by new team members and expansion of client relationships.
Net interest margin (tax-equivalent) was 3.21%.
Noninterest income was 48.82% of total revenue.
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
This press release contains forward-looking statements regarding the anticipated future performance of Alerus Financial Corporation. Actual results and financial condition may differ materially from those indicated in the forward-looking statements due to various factors.