Alerus Financial Corporation (ALRS) Tops Q2 EPS by 34c
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Alerus Financial Corporation Reports Second Quarter 2020 Net Income of $11.5 Million
July 28, 2020 4:00 PM EDTGRAND FORKS, N.D.--(BUSINESS WIRE)-- Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $11.5 million for the second quarter of 2020, or $0.65 per diluted common share, compared to $5.4 million of net income, or $0.30 per diluted common share, for the first quarter of 2020, and net income of $8.3 million, or $0.59 per diluted common share, for the second quarter of 2019.
CEO Comments
Chairman, President, and Chief Executive Officer Randy Newman said, We are proud to report record quarterly net income of $11.5 million. This strong financial performance, driven by our diversified business model, included record... More
