Alerus Financial Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Alerus Financial (NASDAQ:ALRS) Full Year 2024 Results

Key Financial Results

• Revenue: US$203.8m (up 23% from FY 2023).
• Net income: US$17.7m (up 52% from FY 2023).
• Profit margin: 8.7% (up from 7.0% in FY 2023).
• EPS: US$0.84 (up from US$0.59 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Alerus Financial Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 17%.

The primary driver behind last 12 months revenue was the Banking Incl.Mortgage segment contributing a total revenue of US$112.5m (55% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$129.9m (70% of total expenses). Explore how ALRS's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Diversified Financial industry in the US.

Performance of the American Diversified Financial industry.

The company's shares are down 5.5% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Alerus Financial, and understanding them should be part of your investment process.

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