NASDAQ$ALRS
Alerus Financial Corporation · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Net income decreased due to a decrease in noninterest income and net interest income.
Alerus Financial Corporation reported a net income of $10.2 million for Q1 2022, with a return on average tangible common equity of 14.72%. The company experienced strong production in business and consumer segments, but mortgage origination volume was pressured by a lack of housing inventory. Credit quality remained strong with net recoveries and low non-performing loans.
- Net income for Q1 2022 was $10.2 million, or $0.57 per diluted common share.
- Return on average total assets was 1.26%.
- Net interest margin (tax-equivalent) was 2.83%.
- Mortgage originations totaled $186.8 million, a 47.7% decrease from the previous quarter.
Headline financials
Revenue & EPS history
Alerus · Revenue · Quarterly
$51.1M
Revenue by segment
Alerus · $29.5M total across 5 segments · Q1 2022
- Retirement services$17.6M+2.3%59.9%
- Wealth management$5.33M+6.8%18.1%
- Mortgage banking$4.93M-71.2%16.7%
- Other$1.2M+14.0%4.1%
- Service charges$363K+7.4%1.2%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+0.5%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+3.5%
Avg return
30 days after
52%
28 / 54 earnings
Positive
+13.3%
Q1 2025
Best reaction
-14.6%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.4% | +5.2% | +11.0% | |
| Q4 2025 | +2.5% | +7.5% | +0.2% | |
| Q3 2025 | +0.2% | +0.4% | +1.6% | |
| Q1 2025 | +13.3% | +16.2% | +18.7% | |
| Q4 2024 | +3.8% | +5.6% | +0.9% | |
| Q3 2024 | -14.6% | -15.8% | -8.4% | |
| Q2 2024 | -1.2% | -0.3% | +0.9% | |
| Q1 2024 | -2.1% | -4.5% | -6.9% | |
| Q4 2023 | +6.2% | +10.8% | +0.3% | |
| Q3 2023 | +1.4% | -1.7% | +6.3% | |
| Q2 2023 | +1.9% | +2.9% | -3.0% | |
| Q1 2023 | +0.3% | -2.6% | +13.7% | |
| Q4 2022 | -12.0% | -12.8% | -12.6% | |
| Q3 2022 | -2.2% | +0.0% | +5.2% | |
| Q2 2022 | +4.3% | +10.1% | +6.3% | |
| Q1 2022 | +6.0% | +0.4% | +3.0% | |
| Q4 2021 | +0.0% | -0.1% | +2.3% | |
| Q3 2021 | +3.3% | +3.4% | -2.2% | |
| Q2 2021 | +0.8% | -1.1% | +7.7% | |
| Q1 2021 | -1.5% | -0.0% | +11.0% | |
| Q4 2020 | -5.7% | -6.2% | +0.0% | |
| Q3 2020 | +0.3% | +0.1% | +14.1% | |
| Q2 2020 | +3.2% | +0.1% | +7.7% | |
| Q1 2019 | +0.7% | +7.6% | +22.6% | |
| Q1 2020 | +6.9% | +3.0% | +14.6% | |
| Q1 2018 | -2.6% | +5.0% | +3.9% | |
| Q4 2017 | -2.6% | +5.0% | +3.9% | |
| Q2 2019 | -2.6% | +5.0% | +3.9% | |
| Q2 2018 | -2.6% | +5.0% | +3.9% | |
| Q4 2019 | +0.0% | -2.1% | -3.9% | |
| Q3 2018 | -0.7% | -0.5% | +3.5% | |
| Q4 2018 | -0.7% | -0.5% | +3.5% | |
| Q3 2019 | +0.2% | +0.3% | +0.7% | |
| Q3 2017 | +0.0% | -0.1% | +0.2% | |
| Q2 2017 | +0.1% | +0.9% | +2.2% | |
| Q1 2017 | +0.2% | +0.1% | +2.1% | |
| Q4 2016 | +2.6% | +0.3% | +0.0% | |
| Q3 2016 | +0.5% | -0.1% | -2.1% | |
| Q2 2016 | +0.0% | +0.0% | +0.1% | |
| Q1 2016 | +4.3% | — | — | |
| Q4 2015 | -0.8% | — | — | |
| Q3 2015 | -0.8% | — | — | |
| Q2 2015 | +1.1% | — | — | |
| Q1 2015 | +0.1% | — | — | |
| Q4 2014 | +3.8% | — | — | |
| Q3 2014 | -0.5% | — | — | |
| Q2 2014 | +0.0% | — | — | |
| Q1 2014 | +10.8% | — | — | |
| Q4 2013 | -1.5% | — | — | |
| Q3 2013 | +0.0% | — | — | |
| Q2 2013 | +0.0% | — | — | |
| Q1 2013 | +0.0% | — | — | |
| Q4 2012 | +0.0% | — | — | |
| Q3 2012 | +0.0% | — | — |
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