- Alerus Financial Corporation press release ( NASDAQ: ALRS ): Q4 GAAP EPS of $0.53 misses by $0.04 .
- Revenue of $52.48M (-7.1% Y/Y) misses by $3.22M .
- Return on average common equity of 12.37%, compared to 10.25% for the third quarter of 2022
- Return on average tangible common equity of 16.63%, compared to 13.89% for the third quarter of 2022
- Net interest margin (tax-equivalent) was 3.09%, compared to 3.21% for the third quarter of 2022
- Noninterest expense was $37.9 million, a $4.8 million, or 11.3%, decrease compared to $42.8 million for the third quarter of 2022
- Efficiency ratio of 69.6%, compared to 74.8% for the third quarter of 2022
- Allowance for loan losses to total loans was 1.27% compared to 1.80% as of December 31, 2021. Excluding the acquisition of Metro Phoenix Bank the allowance for loan losses to total loans was 1.43% as of December 31, 2022
- Noninterest income for the third quarter of 2022 was 48.62% of total revenue, compared to 48.82% for the third quarter of 2022
- Loan to deposit ratio was 83.8%, compared to 60.2% as of December 31, 2021
- Common equity tier 1 capital to risk weighted assets was 13.39%, compared to 14.65% as of December 31, 2021
For further details see:
Alerus Financial Corporation GAAP EPS of $0.53 misses by $0.04, revenue of $52.48M misses by $3.22M