Loading...
•
Dec 31, 2021
Alerus Q4 2021 Earnings Report
Alerus Financial Corporation reported strong Q4 2021 earnings, driven by its diversified business model and strategic focus.
Key Takeaways
Alerus Financial Corporation reported a net income of $12.7 million for Q4 2021, or $0.72 per diluted common share. The company's performance was supported by its business model, strategy, and culture, with team members executing at exceptional levels. The overall quality of the credit portfolio remained strong, leading to a $1.5 million reversal of provision expense.
Alerus reported Q4 2021 net income of $12.7 million, or $0.72 per diluted common share.
The company achieved record annual net income of $52.7 million.
Alerus' credit portfolio remained strong, leading to a $1.5 million reversal of provision expense.
The company announced the proposed acquisition of MPB BHC, Inc. and it’s wholly-owned banking subsidiary, Metro Phoenix Bank.
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
Alerus did not provide specific forward guidance in its earnings report.