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Alerus Financial Corporation ALRS Net Interest Income
Discontinued — last reported Q2 '24
Net Interest Income at other companies
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Where this comes from
Reported directly by Alerus Financial Corporation in its filing.
Tagged under the XBRL concept us-gaap:InterestIncomeExpenseNet.
The source filing: Alerus Financial Corporation’s 10-Q, filed August 8, 2024.
- Filed
- Aug 8, 2024
- Fiscal quarter
- Q2 FY2024
- Calendar quarter
- Q2 2024
- Accession
- 0001558370-24-011623
| (dollars and shares in thousands, except per share data) | Three months ended / June 30, 2024 | Three months ended / June 30, 2023 | Six months ended / June 30, 2024 | Six months ended / June 30, 2023 |
|---|---|---|---|---|
| Short-term borrowings | 7,053 | 4,763 | 13,042 | 9,156 |
| Long-term debt | 684 | 665 | 1,362 | 1,319 |
| Total interest expense | 29,021 | 18,106 | 55,840 | 32,257 |
| Net interest income | 24,001 | 22,234 | 46,220 | 45,892 |
| Provision for credit losses | 4,489 | — | 4,489 | 550 |
| Net interest income after provision for credit losses | 19,512 | 22,234 | 41,731 | 45,342 |
| Noninterest Income | ||||
| Retirement and benefit services | 16,078 | 15,890 | 31,733 | 31,372 |
Item 1 - Consolidated Financial Statements
FAQ
- What is Alerus Financial Corporation's net interest income?
- Alerus Financial Corporation (ALRS) reported net interest income of $24M in Q2 2024.
- How has Alerus Financial Corporation's net interest income changed year-over-year?
- Alerus Financial Corporation's net interest income increased by 7.9% year-over-year, from $22.23M to $24M.
- What is the long-term trend for Alerus Financial Corporation's net interest income?
- Over 2 years (2021 to 2023), Alerus Financial Corporation's net interest income has grown at a 0.4% compound annual growth rate (CAGR), from $87.1M to $87.84M.
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