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Alerus(ALRS) - 2024 Q2 - Quarterly Results
ALRSAlerus(ALRS)2024-07-24 20:30

Exhibit 99.1 ◾ Alan A. Villalon, Chief Financial Officer 952.417.3733 (Office) FOR RELEASE (07.24.2024) ALERUS FINANCIAL CORPORATION REPORTS SECOND QUARTER 2024 NET INCOME OF 6.2MILLIONMINNEAPOLIS,MN(July24,2024)–AlerusFinancialCorporation(Nasdaq:ALRS),ortheCompany,reportednetincomeof6.2 MILLION MINNEAPOLIS, MN (July 24, 2024) – Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of 6.2 million for the second quarter of 2024, or 0.31perdilutedcommonshare,comparedtonetincomeof0.31 per diluted common share, compared to net income of 6.4 million, or 0.32perdilutedcommonshare,forthefirstquarterof2024,andnetincomeof0.32 per diluted common share, for the first quarter of 2024, and net income of 9 ...