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Alerus Financial Corporation - $ALRS STOCK NEWS

Welcome to our dedicated page for Alerus Financial Corporation news (Ticker: $ALRS), a resource for investors and traders seeking the latest updates and insights on Alerus Financial Corporation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Alerus Financial Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Alerus Financial Corporation's position in the market.

Rhea-AI Summary
Alerus Financial Corporation (NASDAQ: ALRS) will release its Q3 financial results on October 25, 2023. A conference call will be held on October 26, 2023, to discuss the results.
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Rhea-AI Sentiment
End-of-Day
-0.5%
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Rhea-AI Summary
Alerus Financial Corporation declares a 5.56% increase in quarterly cash dividend to $0.19 per common share.
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End-of-Day
0.92%
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dividends
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Rhea-AI Summary
Alerus Financial Corporation reported net income of $9.1 million for Q2 2023, compared to $8.2 million for Q1 2023, and $9.3 million for Q2 2022. CEO Katie Lorenson highlighted the company's focus on talent acquisitions and infrastructure optimization to drive growth. Fee income accounted for 53.7% of total revenues in Q2. Noninterest expenses declined 4% from the previous quarter, leading to a 10% reduction in total headcount over the past 12 months. Alerus remains optimistic about its ability to attract and retain talent and is seeing the benefits of infrastructure optimization.
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0.82%
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-2.65%
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1.74%
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4.83%
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-- %
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-2.52%
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-11.11%
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Rhea-AI Sentiment
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0.4%
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Alerus Financial Corporation

Nasdaq:ALRS

ALRS Rankings

ALRS Stock Data

399.10M
17.52M
11.3%
45.97%
2.01%
Commercial Banking
Finance and Insurance
Link
United States of America
GRAND FORKS

About ALRS

with roots tracing back to 1879, alerus is a financial services company offering banking, mortgage, retirement, health and welfare, and wealth management. banking offices are located in minnesota, north dakota, and arizona. retirement services offices are located in minnesota, michigan, and new hampshire.