Alerus Financial Corporation (ALRS)

Alerus Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	249.23	183.56	136.92	89.91	78.13	86.43
Interest Income on Investments	27.33	38.02	27.97	25.67	14.52	9.68
Total Interest Income	276.56	221.58	164.88	115.58	92.66	96.1
Interest Paid on Deposits	96.17	89.24	53.39	9.17	3.66	8.84
Interest Paid on Borrowings	14.78	25.29	23.66	6.68	1.9	3.41
Total Interest Expense	110.95	114.53	77.04	15.85	5.56	12.26
Net Interest Income	165.61	107.05	87.84	99.73	87.1	83.85
Net Interest Income Growth (YoY)	83.37%	21.87%	-11.92%	14.50%	3.88%	12.47%
Trust Income	27.84	26.17	21.86	20.87	21.05	17.45
Mortgage Banking Activities	11.93	10.07	8.41	16.92	48.5	61.64
Gain (Loss) on Sale of Assets	-	-	-	-	-	-0.71
Gain (Loss) on Sale of Investments	-	-	-24.64	-	0.13	2.74
Other Non-Interest Income	78.18	76.71	73.33	72	76.31	66.84
Total Non-Interest Income	122.7	114.93	80.23	111.22	147.39	149.37
Non-Interest Income Growth (YoY)	49.91%	43.25%	-27.87%	-24.54%	-1.33%	30.80%
Revenues Before Loan Losses	288.31	221.98	168.07	210.95	234.49	233.22
Provision for Loan Losses	12.85	18.14	2.06	-	-3.5	10.9
Revenue	275.45	203.83	166.01	210.95	237.99	222.32
Revenue Growth (YoY)	67.44%	22.78%	-21.30%	-11.36%	7.05%	22.53%
Salaries and Employee Benefits	94.85	83.21	73.06	76.82	88.28	87.28
Occupancy Expenses	6.92	4.41	4.24	4.69	5.32	10.06
Amortization of Goodwill & Intangibles	10.93	6.78	5.3	4.75	4.38	3.96
Selling, General & Administrative	49.05	45.54	40.28	39.04	40.7	31.56
Other Non-Interest Expense	38.08	30.77	27.29	30.93	30.23	30.94
Total Non-Interest Expense	199.83	170.7	150.16	156.23	168.91	163.8
EBT Excluding Unusual Items	75.63	33.13	15.85	54.72	69.08	58.52
Pretax Income	65.65	23.16	15.85	52.18	69.08	58.52
Income Tax Expense	15.23	5.38	4.16	12.18	16.4	13.84
Net Income	50.43	17.78	11.7	40.01	52.68	44.68
Preferred Dividends & Other Adjustments	0.38	0.04	-0.01	0.42	0.8	0.77
Net Income to Common	50.05	17.74	11.7	39.59	51.88	43.91
Net Income Growth	1530.82%	52.02%	-70.76%	-24.06%	17.92%	51.24%
Basic Shares Outstanding	25	21	20	19	17	17
Diluted Shares Outstanding	26	21	20	19	17	17
Shares Change (YoY)	27.65%	5.85%	6.67%	7.99%	0.27%	15.54%
EPS (Basic)	1.98	0.84	0.59	2.12	3.02	2.57
EPS (Diluted)	1.95	0.83	0.58	2.10	2.97	2.52
EPS Growth	1114.48%	43.10%	-72.38%	-29.29%	17.86%	31.94%
Dividend Per Share	0.820	0.790	0.750	0.700	0.630	0.600
Dividend Growth	5.13%	5.33%	7.14%	11.11%	5.00%	5.26%
Effective Tax Rate	23.19%	23.23%	26.23%	23.34%	23.74%	23.66%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q