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.
Revenue by Segment
Forward Guidance
Alerus did not provide specific forward guidance in its earnings report.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...