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	Sep '26 Sep 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	246.77	253.7	183.56	136.92	89.91	78.13
Interest Income on Investments	31.41	25.94	38.02	27.97	25.67	14.52
Total Interest Income	278.18	279.64	221.58	164.88	115.58	92.66
Interest Paid on Deposits	79.55	92.64	89.24	53.39	9.17	3.66
Interest Paid on Borrowings	14.11	14.5	25.29	23.66	6.68	1.9
Total Interest Expense	93.66	107.14	114.53	77.04	15.85	5.56
Net Interest Income	184.52	172.5	107.05	87.84	99.73	87.1
Net Interest Income Growth	11.42%	61.15%	21.87%	-11.92%	14.50%	3.88%
Trust Income	30.38	28.27	26.17	21.86	20.87	21.05
Mortgage Banking Activities	13.26	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	81.96	75.31	76.71	73.33	72	76.31
Total Non-Interest Income	61.19	51.88	114.93	80.23	111.22	147.39
Non-Interest Income Growth	-50.13%	-54.86%	43.25%	-27.87%	-24.54%	-1.33%
Revenues Before Loan Losses	245.71	224.38	221.98	168.07	210.95	234.49
Provision for Loan Losses	-2.5	0.56	18.14	2.06	-	-3.5
Revenue	248.21	223.82	203.83	166.01	210.95	237.99
Revenue Growth	-9.89%	9.80%	22.78%	-21.30%	-11.36%	7.05%
Salaries and Employee Benefits	95.91	92.26	83.21	73.06	76.82	88.28
Occupancy Expenses	9.64	8.36	4.41	4.24	4.69	5.32
Amortization of Goodwill & Intangibles	8.31	10.51	6.78	5.3	4.75	4.38
Selling, General & Administrative	56.23	52.19	45.53	40.28	39.04	40.7
Other Non-Interest Expense	39.07	37.77	30.77	27.29	30.93	30.23
Total Non-Interest Expense	209.15	201.09	170.69	150.16	156.23	168.91
EBT Excluding Unusual Items	39.06	22.73	33.14	15.85	54.72	69.08
Pretax Income	39.18	22.59	23.16	15.85	52.18	69.08
Income Tax Expense	9.2	5.15	5.38	4.16	12.18	16.4
Net Income	29.98	17.44	17.78	11.7	40.01	52.68
Preferred Dividends & Other Adjustments	0.16	0.04	0.04	0.01	0.42	0.8
Net Income to Common	29.82	17.4	17.74	11.69	39.59	51.88
Net Income Growth	-40.42%	-1.93%	51.77%	-70.47%	-23.69%	18.16%
Basic Shares Outstanding	25	25	21	20	19	17
Diluted Shares Outstanding	25	26	21	20	19	17
Shares Change	-0.31%	20.52%	5.85%	6.67%	7.99%	0.27%
EPS (Basic)	1.18	0.69	0.84	0.59	2.12	3.02
EPS (Diluted)	1.17	0.68	0.83	0.58	2.10	2.97
EPS Growth	-40.01%	-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	Sep '26 Sep 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	0.860	0.830	0.790	0.750	0.700	0.630
Dividend Growth	4.88%	5.06%	5.33%	7.14%	11.11%	5.00%
Effective Tax Rate	23.48%	22.81%	23.23%	26.23%	23.34%	23.74%

SEC Filings: 10-K · 10-Q