Earnings Summary

Alerus Financial Corp’s revenue fell -7.23% since last year same period to $47.8Mn in the Q2 2023. On a quarterly growth basis, Alerus Financial Corp has generated -1.27% fall in its revenue since last 3-months.

Alerus Financial Corp’s net profit fell -2.03% since last year same period to $9.1Mn in the Q2 2023. On a quarterly growth basis, Alerus Financial Corp has generated 11.21% jump in its net profits since last 3-months.

Alerus Financial Corp’s net profit margin jumped 5.6% since last year same period to 19.05% in the Q2 2023. On a quarterly growth basis, Alerus Financial Corp has generated 12.65% jump in its net profit margins since last 3-months.

Alerus Financial Corp’s earning per share (EPS) estimates for the current quarter stand at 0.57 - a 5.56% jump from last quarter’s estimates.

Alerus Financial Corp’s earning per share (EPS) estimates for the current year stand at 0.57.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Alerus Financial Corp’s return on assets (ROA) stands at 0.01.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Alerus Financial Corp’s return on equity (ROE) stands at 0.11.

Alerus Financial Corp declared 0.18 dividend per share during the earnings announcement for Q1 2023.