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GRAND FORKS, N.D. (AP) — GRAND FORKS, N.D. (AP) — Alerus Financial Corporation (ALRS) on Tuesday reported fourth-quarter net income of $3.2 million, after reporting a loss in the same period a year earlier.
The Grand Forks, North Dakota-based company said it had profit of 13 cents per share. Earnings, adjusted for non-recurring costs, came to 44 cents per share.
The company posted revenue of $101.2 million in the period. Its adjusted revenue was $72.2 million.
For the year, the company reported profit of $21.1 million, or 98 cents per share. Revenue was reported as $222 million.
Alerus shares have climbed roughly 5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $20.18, a decrease of 16% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALRS at https://www.zacks.com/ap/ALRS