Alerus financial corporation announces fourth quarter 2023 results, including balance sheet repositioning

Minneapolis--(business wire)--alerus financial corporation (nasdaq: alrs), or the company, reported net loss of $14.8 million for the fourth quarter of 2023, or ($0.73) per diluted common share, compared to net income of $9.2 million, or $0.45 per diluted common share, for the third quarter of 2023, and net income of $10.9 million, or $0.53 per diluted common share, for the fourth quarter of 2022. during the fourth quarter of 2023, the company sold $172.3 million of available-for-sale (afs) sec.
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