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Alerus(ALRS) - 2024 Q3 - Quarterly Results
ALRSAlerus(ALRS)2024-10-29 20:31

Exhibit 99.1 FOR RELEASE (10.29.2024) Alan A. Villalon, Chief Financial Officer 952.417.3733 (Office) ALERUS FINANCIAL CORPORATION REPORTS THIRD QUARTER 2024 NET INCOME OF 5.2MILLIONMINNEAPOLIS,MN(October29,2024)–AlerusFinancialCorporation(Nasdaq:ALRS),ortheCompany,reportednetincomeof5.2 MILLION MINNEAPOLIS, MN (October 29, 2024) – Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of 5.2 million for the third quarter of 2024, or 0.26perdilutedcommonshare,comparedtonetincomeof0.26 per diluted common share, compared to net income of 6.2 million, or 0.31perdilutedcommonshare,forthesecondquarterof2024,andnetincomeof0.31 per diluted common share, for the second quarter of 2024, and net income of 9 ...