Alerus: Q3 Earnings Snapshot
By AP News
Published - Oct 29, 2024, 04:57 PM ET
Last Updated - Oct 29, 2024, 04:57 PM EDT
GRAND FORKS, N.D. (AP) — GRAND FORKS, N.D. (AP) — Alerus Financial Corporation (ALRS) on Tuesday reported third-quarter net income of $5.2 million.
The Grand Forks, North Dakota-based company said it had profit of 26 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.
The company posted revenue of $80.6 million in the period. Its adjusted revenue was $50.9 million.
