Alerus financial corporation reports first quarter 2024 net income of $6.4 million

Minneapolis--(business wire)--alerus financial corporation (nasdaq: alrs), or the company, reported net income of $6.4 million for the first quarter of 2024, or $0.32 per diluted common share, compared to a net loss of $14.8 million, or ($0.73) per diluted common share, for the fourth quarter of 2023, and net income of $8.2 million, or $0.40 per diluted common share, for the first quarter of 2023. ceo comments president and chief executive officer katie lorenson said, “our momentum continues in.
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