Alerus Financial Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

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
Interest Income on Loans	249.19	253.7	183.56	136.92	89.91	78.13
Interest Income on Investments	29.45	25.94	38.02	27.97	25.67	14.52
Total Interest Income	278.63	279.64	221.58	164.88	115.58	92.66
Interest Paid on Deposits	84.36	92.64	89.24	53.39	9.17	3.66
Interest Paid on Borrowings	13.34	14.5	25.29	23.66	6.68	1.9
Total Interest Expense	97.7	107.14	114.53	77.04	15.85	5.56
Net Interest Income	180.93	172.5	107.05	87.84	99.73	87.1
Net Interest Income Growth	24.77%	61.15%	21.87%	-11.92%	14.50%	3.88%
Trust Income	28.94	28.27	26.17	21.86	20.87	21.05
Mortgage Banking Activities	13.41	11.86	10.07	8.41	16.92	48.5
Gain (Loss) on Sale of Investments	-68.4	-68.4	-	-24.64	-	0.13
Other Non-Interest Income	78.89	75.31	76.71	73.33	72	76.31
Total Non-Interest Income	56.27	51.88	114.93	80.23	111.22	147.39
Non-Interest Income Growth	-53.73%	-54.86%	43.25%	-27.87%	-24.54%	-1.33%
Revenues Before Loan Losses	237.21	224.38	221.98	168.07	210.95	234.49
Provision for Loan Losses	-4.7	0.56	18.14	2.06	-	-3.5
Revenue	241.9	223.82	203.83	166.01	210.95	237.99
Revenue Growth	-4.06%	9.80%	22.78%	-21.30%	-11.36%	7.05%
Salaries and Employee Benefits	94.76	92.26	83.21	73.06	76.82	88.28
Occupancy Expenses	9.3	8.36	4.41	4.24	4.69	5.32
Amortization of Goodwill & Intangibles	9.04	10.51	6.78	5.3	4.75	4.38
Selling, General & Administrative	55.13	52.19	45.53	40.28	39.04	40.7
Other Non-Interest Expense	37.32	37.77	30.77	27.29	30.93	30.23
Total Non-Interest Expense	205.55	201.09	170.69	150.16	156.23	168.91
EBT Excluding Unusual Items	36.35	22.73	33.14	15.85	54.72	69.08
Pretax Income	36.21	22.59	23.16	15.85	52.18	69.08
Income Tax Expense	8.5	5.15	5.38	4.16	12.18	16.4
Net Income	27.71	17.44	17.78	11.7	40.01	52.68
Preferred Dividends & Other Adjustments	0.14	0.04	0.04	0.01	0.42	0.8
Net Income to Common	27.57	17.4	17.74	11.69	39.59	51.88
Net Income Growth	-28.30%	-1.93%	51.77%	-70.47%	-23.69%	18.16%
Basic Shares Outstanding	25	25	21	20	19	17
Diluted Shares Outstanding	26	26	21	20	19	17
Shares Change	6.09%	20.52%	5.85%	6.67%	7.99%	0.27%
EPS (Basic)	1.09	0.69	0.84	0.59	2.12	3.02
EPS (Diluted)	1.07	0.68	0.83	0.58	2.10	2.97
EPS Growth	-32.63%	-18.07%	43.10%	-72.38%	-29.29%	17.86%

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
Dividend Per Share	0.850	0.830	0.790	0.750	0.700	0.630
Dividend Growth	4.94%	5.06%	5.33%	7.14%	11.11%	5.00%
Effective Tax Rate	23.47%	22.81%	23.23%	26.23%	23.34%	23.74%

SEC Filings: 10-K · 10-Q