Alerus Financial Corporation reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 21.55 million compared to USD 26.96 million a year ago. Net loss was USD 14.75 million compared to net income of USD 10.91 million a year ago. Basic loss per share from continuing operations was USD 0.74 compared to basic earnings per share from continuing operations of USD 0.54 a year ago.
For the full year, net interest income was USD 87.84 million compared to USD 99.73 million a year ago. Net income was USD 11.7 million compared to USD 40.01 million a year ago. Basic earnings per share from continuing operations was USD 0.59 compared to USD 2.12 a year ago. Diluted earnings per share from continuing operations was USD 0.58 compared to USD 2.1 a year ago.