ALRS Earnings Prediction
The chart below shows how ALRS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ALRS sees a -1.25% change in stock price 10 days leading up to the earnings, and a -1.65% change 10 days following the report. On the earnings day itself, the stock moves by -0.72%. This data can give you a slight idea of what to expect for the next quarter's release.
ALRS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
71.59M
227.76%
42.54%
Gross Margin
--
--
--
Operating Margin
18.40%
137.13%
-28.43%
Net Margin
4.50%
106.66%
-56.61%
EPS
0.13
117.57%
-50.00%
No Data Available
ALRS Earnings Analysis
Alerus Financial Corp Corporation (ALRS.O) Earnings Conference Call
Positive
Strong Profitability Recovery: Adjusted return on tangible equity reached over 14%, indicating a strong recovery towards top-tier profitability.
Asset Growth and Client Expansion: Total assets surpassed $5 billion following the acquisition of Home Federal, which also increased the client base by nearly 50%.
Net Interest Income Surge: Net interest income increased by nearly 70% quarter over quarter, with net interest margin improving by 97 basis points to 3.2%.
Non-Interest Income Growth: Non-interest income grew by almost 20% quarter over quarter, with core fee income increasing by 10% year over year across all business lines.
Loan and Deposit Growth: Organic loan growth was reported at $157 million, representing over 5% growth from the prior quarter, while deposits also increased by 31.7% from the prior quarter.
Negative
Increased Noninterest Expense: Noninterest expense increased 32% over the previous quarter, primarily due to the acquisition of Home Federal, indicating significant cost pressures post-merger.
Nonperforming Assets Increase: Nonperforming assets rose to $6,290,000, reflecting an increase from 1.18% to 1.19% of total assets, signaling potential credit quality concerns.
Retirement Assets Decline: The Retirement business saw a 1.3% decline in assets under management, primarily due to market performance, which raises concerns about the stability of this segment.
Core Fee Income Stagnation: Core fee income is expected to remain flat year over year, with a projected decline from an annualized $122,000,000 to $115,000,000, indicating potential revenue stagnation.
Efficiency Ratio Improvement: The adjusted efficiency ratio improved to 68.97% from 77.71%, but this still reflects a high level of operational inefficiency, suggesting ongoing challenges in cost management.
ALRS FAQs
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ALRS Earning Call Sentiment
Earnings call transcript: Alerus Financial Q4 2024 beats estimates, stock rises
ALRS.O
0.24%Positive
The earnings call reveals strong financial metrics, such as a 69.8% increase in net interest income and improved efficiency ratio. However, challenges like increased noninterest expenses and economic uncertainties temper optimism. The Q&A section highlights opportunities but also shows management's hesitance to provide specifics, which raises concerns. Despite positive shareholder returns and robust growth from acquisitions, the mixed sentiment and lack of clear guidance suggest a neutral stock price movement.
