NASDAQ$ALRS
Alerus Financial Corporation · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reports first quarter 2024 results, with net income of $6.4 million.
Alerus Financial Corporation reported a net income of $6.4 million for Q1 2024, or $0.32 per diluted common share. Total deposits reached $3.3 billion, and total loans amounted to $2.8 billion. The company's adjusted net interest margin expanded by 7 basis points, and the loan to deposit ratio decreased to 85.2%.
- Total deposits were $3.3 billion, an increase of $189.4 million, or 6.1%, from December 31, 2023
- Total loans were $2.8 billion, an increase of $39.9 million, or 1.4%, from December 31, 2023
- Net interest margin was 2.30%, while adjusted net interest margin increased 7 basis points to 2.44%
- Total assets under administration/management were $42.7 billion, a 5.0% increase from December 31, 2023
Headline financials
Revenue & EPS history
Alerus · Revenue · Quarterly
$47.5M
Revenue by segment
Alerus · $28.4M total across 5 segments · Q3 2023
- Retirement services$18.6M+12.1%65.5%
- Wealth management$5.27M+8.6%18.6%
- Mortgage banking$2.51M-33.6%8.8%
- Other$1.69M+20.8%6.0%
- Service charges$328K-13.0%1.2%
Forward guidance
No specific forward guidance was provided in the earnings report.
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 2024
+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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