Q4 2019 Alerus Financial Corp Earnings Call Transcript
Good day, and welcome to the Alerus Financial Corporation's earnings conference call. (Operator Instructions) Please note that this event is being recorded.
This call may include forward-looking statements and the company's actual results may differ materially from those indicated in any forward-looking statements. Important factors that could cause actual results to differ materially from those indicated in the forward-looking statements are listed in the earnings release and the company's SEC filings.
I'd now like to turn the conference over to Alerus Financial Corporation Chairman, President and CEO, Randy Newman. Please go ahead.
Thank you, and good morning, everyone. Let me first begin by giving a high-level overview of the fourth quarter as well as some overall comments about 2019. We are pleased to report net income of $7.652 million for the fourth quarter and record net income for Alerus of $29.54 million, an increase of 14.2% over the $25.87 million
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