ALRS
ALERUS FINANCIAL CORP
NASDAQ · Financial Services · Banks - Regional · US
$34.81
+1.34%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 338.2M | 327.9M | 338.3M | 243.3M | 224.6M |
| Cost of Revenue | 91.2M | 107.7M | 132.7M | 79.1M | 15.8M |
| Gross Profit | 247.1M | 220.2M | 205.6M | 164.2M | 208.8M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 143.2M | 101.3M | 90.6M | 79.3M | 83.9M |
| General & Admin Expense | 141.3M | 97.5M | 87.3M | 76.3M | 80.6M |
| Selling & Marketing Expense | 1.9M | 3.8M | 3.2M | 3.0M | 3.4M |
| Other Expenses | 66.4M | 96.3M | 91.9M | 69.0M | 72.5M |
| Total Operating Expenses | 209.6M | 197.6M | 182.5M | 148.3M | 156.6M |
| Cost and Expenses | 300.8M | 305.3M | 315.1M | 227.4M | 172.4M |
| Operating Income (EBIT) | 37.5M | 22.6M | 23.2M | 15.9M | 52.2M |
| Non-Operating | |||||
| Interest Income | 278.2M | 279.6M | 221.6M | 164.9M | 115.6M |
| Interest Expense | 93.7M | 107.1M | 114.5M | 77.0M | 15.8M |
| Net Interest Income | 184.5M | 172.5M | 107.0M | 87.8M | 99.7M |
| Other Non-Op Income/Expense | 1.7M | — | — | — | — |
| Non-Operating Income (excl Interest) | — | — | — | — | — |
| EBT (Pre-Tax Income) | 39.2M | 22.6M | 23.2M | 15.9M | 52.2M |
| Income Tax Expense | 9.2M | 5.2M | 5.4M | 4.2M | 12.2M |
| Bottom Line | |||||
| Net Income | 30.0M | 17.4M | 17.8M | 11.7M | 40.0M |
| Earnings from Cont. Ops | 30.0M | 17.4M | 17.8M | 11.7M | 40.0M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 30.5M | 17.5M | 17.7M | 11.7M | 39.6M |
| Per Share | |||||
| Basic EPS | $1.21 | $0.69 | $0.84 | $0.59 | $2.12 |
| Diluted EPS | $1.19 | $0.68 | $0.83 | $0.58 | $2.10 |
| Revenue Per Share | $13.61 | $12.92 | $16.07 | $12.21 | $12.05 |
| Shares | |||||
| Basic Shares Outstanding | 24.9M | 25.4M | 21.0M | 19.9M | 18.6M |
| Diluted Shares Outstanding | 25.2M | 25.7M | 21.3M | 20.1M | 18.9M |
| Profitability Metrics | |||||
| EBITDA | 51.2M | 39.9M | 38.0M | 24.4M | 60.4M |
| D&A | 13.7M | 17.3M | 14.9M | 8.5M | 8.2M |
| EBIT | 37.5M | 22.6M | 23.2M | 15.9M | 52.2M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026