Workflow
Alerus(ALRS) - 2024 Q4 - Annual Results
ALRSAlerus(ALRS)2025-01-28 22:14

Exhibit 99.1 FOR RELEASE (01.28.2025) ALERUS FINANCIAL CORPORATION REPORTS FOURTH QUARTER 2024 NET INCOME OF 3.2MILLIONMINNEAPOLIS,MN(January28,2025)–AlerusFinancialCorporation(Nasdaq:ALRS),ortheCompany,reportednetincomeof3.2 MILLION MINNEAPOLIS, MN (January 28, 2025) – Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of 3.2 million for the fourth quarter of 2024, or 0.13perdilutedcommonshare,comparedtonetincomeof0.13 per diluted common share, compared to net income of 5.2 million, or 0.26perdilutedcommonshare,forthethirdquarterof2024,andnetlossof0.26 per diluted common share, for the third quarter of 2024, and net loss of 14.8 million, or ($0.73) per diluted common share, for the fourth ...