- Alerus Financial Corporation press release ( NASDAQ: ALRS ): Q2 GAAP EPS of $0.52 misses by $0.03 .
- Revenue of $52.02M (-10.1% Y/Y) misses by $2.88M .
- Return on average total assets of 1.14%, compared to 1.26% for the first quarter of 2022
- Return on average common equity of 11.93%, compared to 11.78% for the first quarter of 2022
- Return on average tangible common equity (1) of 15.25%, compared to 14.72% for the first quarter of 2022
- Net interest margin (tax-equivalent) was 2.98%, compared to 2.83% for the first quarter of 2022
- Allowance for loan losses to total loans was 1.66%, compared to 1.80% as of December 31, 2021
- Noninterest income for the second quarter of 2022 was 56.20% of total revenue, compared to 57.62% for the first quarter of 2022
- Loans held for investment increased $132.2 million, or 7.5%, since December 31, 2021; excluding Paycheck Protection Program, or PPP loans, loans held for investment increased $158.8 million, or 9.2%, since December 31, 2021
For further details see:
Alerus Financial Corporation GAAP EPS of $0.52 misses by $0.03, revenue of $52.02M misses by $2.88M