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Dec 31, 2019
Alerus Q4 2019 Earnings Report
Alerus Financial Corporation reported a net income for the fourth quarter of 2019.
Key Takeaways
Alerus Financial Corporation reported net income of $7.7 million for Q4 2019, or $0.43 per diluted common share. The company's strategic initiatives, including raising capital through an IPO and launching a digital experience, contributed to a record net income of $29.5 million for the full year 2019, a 14.2% increase over 2018.
Net income was $7.7 million, or $0.43 per diluted common share.
Return on average assets was 1.33%.
Noninterest income as a percentage of total revenue was 61.56%.
Net interest margin (tax-equivalent) was 3.45%.
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
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