Alerus(ALRS) - 2024 Q1 - Quarterly Results
ALRSAlerus(ALRS)2024-04-25 04:30

Exhibit 99.1 Alan A. Villalon, Chief Financial Officer 952.417.3733 (Office) FOR RELEASE (04.24.2024) ALERUS FINANCIAL CORPORATION REPORTS FIRST QUARTER 2024 NET INCOME OF 6.4MILLIONMINNEAPOLIS,MN(April24,2024)–AlerusFinancialCorporation(Nasdaq:ALRS),ortheCompany,reportednetincomeof6.4 MILLION MINNEAPOLIS, MN (April 24, 2024) – Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of 6.4 million for the first quarter of 2024, or 0.32perdilutedcommonshare,comparedtoanetlossof0.32 per diluted common share, compared to a net loss of 14.8 million, or (0.73)perdilutedcommonshare,forthefourthquarterof2023,andnetincomeof0.73) per diluted common share, for the fourth quarter of 2023, and net income of ...