Alerus Financial Corporation (ALRS)

Alerus Financial Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Interest Income	176.25	172.5	107.05	87.84	99.73	87.1
Net Interest Income Growth	39.90%	61.15%	21.87%	-11.92%	14.50%	3.88%
Non-Interest Income	55.09	51.88	114.93	80.23	111.22	147.39
Non-Interest Income Growth	-53.01%	-54.86%	43.25%	-27.87%	-24.54%	-1.33%
Revenues Before Loan Losses	231.35	224.38	221.98	168.07	210.95	234.49
Provision for Credit Losses	5.19	-0.56	-18.14	-2.06	-	3.5
Revenue	226.16	224.93	240.12	170.13	210.95	230.99
Revenue Growth (YoY)	-13.76%	-6.32%	41.14%	-19.35%	-8.67%	-5.38%
Compensation Expenses	124.28	124.27	110.28	96.34	102.57	115.42
Selling, General & Admin	56.85	55.49	55.82	41.29	42.43	40.91
Other Non-Interest Expenses	20.13	21.46	14.58	12.53	13.77	12.58
Total Non-Interest Expense	201.25	201.23	180.68	150.16	158.77	168.91
Pretax Income	35.28	22.59	23.16	15.85	52.18	69.08
Provision for Income Taxes	-8.19	-5.15	-5.38	-4.16	-12.18	-16.4
Net Income	27.1	17.44	17.78	11.7	40.01	52.68
Net Income to Common	27.1	17.44	17.78	11.7	40.01	52.68
Net Income Growth	9.86%	-1.92%	52.02%	-70.76%	-24.06%	17.92%
Shares Outstanding (Basic)	25	25	21	20	19	17
Shares Outstanding (Diluted)	26	26	21	20	19	17
Shares Change (YoY)	13.08%	20.52%	5.85%	6.67%	7.99%	-1.37%
EPS (Basic)	1.07	0.69	0.84	0.59	2.12	3.02
EPS (Diluted)	1.05	0.68	0.83	0.58	2.10	2.97
EPS Growth	-13.93%	-18.07%	43.10%	-72.38%	-29.29%	17.86%
Shares Outstanding	25.4	25.41	25.34	19.73	19.99	17.21
Free Cash Flow	-	58.83	9.38	23.75	101.18	148.13
Free Cash Flow Growth	-	527.46%	-60.51%	-76.53%	-31.70%	-
Free Cash Flow Per Share	-	2.29	0.44	1.18	5.36	8.47
Dividends Per Share	-	0.830	0.790	0.750	0.700	0.630
Dividend Growth	-	5.06%	5.33%	7.14%	11.11%	5.00%
Profit Margin	11.98%	7.75%	7.40%	6.87%	18.96%	22.81%
FCF Margin	-	26.16%	3.90%	13.96%	47.96%	64.13%
EBITDA	-	17.29	14.88	8.51	8.24	8.81
EBITDA Margin	-	7.69%	6.20%	5.00%	3.91%	3.81%
Effective Tax Rate	-23.20%	-22.81%	-23.23%	-26.23%	-23.34%	-23.74%

Updated Apr 29, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q