Alerus(ALRS) ZACKS·2025-04-29 00:30Core Insights - Alerus reported a revenue of $69 million for Q1 2025, marking a 45.1% increase year-over-year, with EPS at $0.56 compared to $0.32 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $65.45 million by 5.42%, and the EPS surpassed the consensus estimate of $0.43 by 30.23% [1] Financial Performance Metrics - Net charge-offs to average loans stood at 0%, better than the 0.1% average estimate [4] - The efficiency ratio was reported at 68.8%, significantly lower than the average estimate of 75.6% [4] - The net interest margin was 3.4%, exceeding the average estimate of 3.1% [4] - Total interest-earning assets averaged $4.95 billion, slightly above the estimated $4.88 billion [4] - Tax-equivalent net interest income was $41.68 million, compared to the estimated $37.56 million [4] - Retirement and benefit services revenue reached $16.11 million, above the average estimate of $15.90 million [4] - Total noninterest income was $27.63 million, slightly below the average estimate of $28.10 million [4] - Wealth management revenue was $6.91 million, compared to the average estimate of $6.82 million [4] - Service charges on deposit accounts were $0.65 million, below the average estimate of $1.13 million [4] - Mortgage banking revenue was $1.53 million, significantly lower than the average estimate of $2.70 million [4] - Other income was reported at $2.44 million, exceeding the average estimate of $1.55 million [4] Stock Performance - Alerus shares returned -3.2% over the past month, compared to a -4.3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]