Alerus financial corporation reports third quarter 2020 net income of $17.7 million

Grand forks, n.d.--(business wire)--alerus financial corporation (nasdaq: alrs) reported net income of $17.7 million for the third quarter of 2020, or $0.99 per diluted common share, compared to net income of $11.5 million, or $0.65 per diluted common share, for the second quarter of 2020, and net income of $7.1 million, or $0.48 per diluted common share, for the third quarter of 2019. ceo comments chairman, president, and chief executive officer randy newman said, “we are proud to report recor
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