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Alerus (ALRS) Reports Q3 Earnings: What Key Metrics Have to Say

For the quarter ended September 2023, Alerus (ALRS) reported revenue of $48.8 million, down 11.8% over the same period last year. EPS came in at $0.45, compared to $0.54 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $47 million, representing a surprise of +3.83%. The company delivered an EPS surprise of +32.35%, with the consensus EPS estimate being $0.34.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Alerus performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net charge-offs/(recoveries) to average loans: -0.1% versus 0.1% estimated by two analysts on average.

  • Efficiency ratio: 73.4% versus the two-analyst average estimate of 79.2%.

  • Net interest margin, tax-equivalent: 2.3% compared to the 2.3% average estimate based on two analysts.

  • Average Balance - Total interest earning assets: $3.59 billion versus the two-analyst average estimate of $3.62 billion.

  • Total Noninterest income: $28.41 million compared to the $25.98 million average estimate based on two analysts.

  • Net interest income: $20.40 million compared to the $20.95 million average estimate based on two analysts.

View all Key Company Metrics for Alerus here>>>

Shares of Alerus have returned -2% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.

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