Alerus Financial Corporation (ALRS)
NASDAQ: ALRS · Real-Time Price · USD
32.68
-0.92 (-2.74%)
Aug 19, 2026, 4:00 PM EDT - Market closed
Alerus Financial Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash & Equivalents | 109.01 | 35.39 | 35.74 | 28.89 | 30.24 | 17.91 |
Investment Securities | 161.04 | 162.21 | 217.44 | 195.8 | 221.53 | 208.04 |
Trading Asset Securities | 8.96 | 18.29 | 13.16 | 8.94 | 6.33 | 3.38 |
Mortgage-Backed Securities | 615.67 | 619.4 | 661 | 606.97 | 835.35 | 1,006 |
Total Investments | 785.67 | 799.9 | 891.6 | 811.72 | 1,063 | 1,217 |
Gross Loans | 4,071 | 4,092 | 4,063 | 2,760 | 2,444 | 1,759 |
Allowance for Loan Losses | -48.36 | -61.92 | -59.93 | -35.84 | -31.15 | -31.57 |
Other Adjustments to Gross Loans | -36.9 | -43.7 | -70.6 | - | - | -0.88 |
Net Loans | 3,986 | 3,986 | 3,933 | 2,724 | 2,413 | 1,726 |
Property, Plant & Equipment | 76.05 | 72.01 | 53.22 | 23.38 | 22.71 | 22.1 |
Goodwill | 85.63 | 85.63 | 85.63 | 46.78 | 47.09 | 31.49 |
Other Intangible Assets | 29.42 | 33.37 | 43.88 | 17.16 | 22.46 | 20.25 |
Loans Held for Sale | 26.71 | 21.93 | 16.52 | 11.5 | 9.49 | 46.49 |
Accrued Interest Receivable | 20.21 | 21.74 | 20.08 | 15.7 | 12.87 | 8.54 |
Other Receivables | - | 27.94 | 21.45 | 25.07 | 17.54 | 15.83 |
Restricted Cash | - | 31.8 | 25.5 | 101 | 28 | 224.4 |
Other Current Assets | 0.4 | 7.66 | 7.74 | 5.77 | 6.77 | 5.33 |
Long-Term Deferred Tax Assets | 18.11 | 23.08 | 52.89 | 34.6 | 42.37 | 11.61 |
Other Real Estate Owned & Foreclosed | 9.57 | 0.31 | - | 0.03 | 0.03 | 0.89 |
Other Long-Term Assets | 122.44 | 65.23 | 61.17 | 45.82 | 44.66 | 40.6 |
Total Assets | 5,289 | 5,230 | 5,262 | 3,908 | 3,780 | 3,393 |
Liabilities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Accrued Expenses | 56.03 | 58.2 | 62.13 | 52.72 | 57.05 | 48 |
Interest Bearing Deposits | 3,238 | 3,194 | 3,227 | 2,246 | 2,003 | 1,890 |
Institutional Deposits | 194 | 190.5 | 248.1 | 121.8 | 51.1 | 91.5 |
Non-Interest Bearing Deposits | 759.64 | 807.9 | 903.47 | 728.08 | 860.99 | 938.84 |
Total Deposits | 4,192 | 4,192 | 4,378 | 3,096 | 2,915 | 2,921 |
Short-Term Borrowings | 352.15 | 319.48 | 247.56 | 323.35 | 384.38 | 1.37 |
Current Portion of Leases | 3.81 | 3.37 | - | - | - | 0.2 |
Long-Term Debt | 50 | 50 | 50 | 50 | 50 | 50 |
Long-Term Leases | 38.94 | 32.91 | 18.99 | 5.75 | 5.9 | 4.28 |
Trust Preferred Securities | 9.24 | 9.18 | 9.07 | 8.96 | 8.84 | 8.73 |
Other Long-Term Liabilities | 3.5 | - | 0.1 | 2.2 | 1.1 | 0.16 |
Total Liabilities | 4,706 | 4,665 | 4,766 | 3,539 | 3,423 | 3,033 |
Shareholders' Equity
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Common Stock | 24.99 | 25.41 | 25.35 | 19.73 | 19.99 | 17.21 |
Additional Paid-In Capital | 260.07 | 271.61 | 269.71 | 150.34 | 155.1 | 92.88 |
Retained Earnings | 303.07 | 270.08 | 273.72 | 272.71 | 280.43 | 253.57 |
Comprehensive Income & Other | -4.98 | -2.16 | -73.37 | -73.66 | -98.64 | -4.26 |
Total Common Equity | 583.14 | 564.93 | 495.41 | 369.13 | 356.87 | 359.4 |
Shareholders' Equity | 583.14 | 564.93 | 495.41 | 369.13 | 356.87 | 359.4 |
Total Liabilities & Equity | 5,289 | 5,230 | 5,262 | 3,908 | 3,780 | 3,393 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Total Debt | 454.15 | 414.95 | 325.62 | 388.06 | 449.13 | 64.58 |
Net Cash (Debt) | -336.17 | -361.26 | -276.72 | -350.22 | -412.55 | -43.28 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share | -13.12 | -14.06 | -12.98 | -17.39 | -21.85 | -2.48 |
Filing Date Shares Outstanding | 24.9 | 25.4 | 25.36 | 19.74 | 20.06 | 17.26 |
Total Common Shares Outstanding | 24.99 | 25.41 | 25.34 | 19.73 | 19.99 | 17.21 |
Book Value Per Share | 23.34 | 22.24 | 19.55 | 18.71 | 17.85 | 20.88 |
Tangible Book Value | 468.09 | 445.93 | 365.89 | 305.19 | 287.33 | 307.66 |
Tangible Book Value Per Share | 18.73 | 17.55 | 14.44 | 15.46 | 14.37 | 17.87 |