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Sep 30, 2024
Alerus Q3 2024 Earnings Report
Alerus Financial Corporation reported a net income of $5.2 million for Q3 2024.
Key Takeaways
Alerus Financial Corporation reported a net income of $5.2 million for the third quarter of 2024, or $0.26 per diluted common share. The company completed its acquisition of HMN Financial, expanding into the Rochester and Southern Minnesota markets.
Net income for Q3 2024 was $5.2 million, or $0.26 per diluted common share.
Total loans reached $3.0 billion as of September 30, 2024, a 9.9% increase from December 31, 2023.
Total deposits were $3.3 billion as of September 30, 2024, a 7.4% increase from December 31, 2023.
Completed the acquisition of HMN Financial, expanding into Rochester and Southern Minnesota.
Revenue by Segment
Forward Guidance
Alerus Financial Corporation did not provide specific forward guidance in the Q3 2024 earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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