ALRS · Alerus Financial Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $3.28M | - | $1.10M | $1.10M | $2.10M | - | $700.0K | $700.0K | $2.10M | - |
| Operating Income | $30.25M | - | $22.02M | $26.36M | $17.56M | - | $6.80M | $8.13M | $8.52M | - |
| Interest Expense | - | - | - | - | - | - | - | $29.02M | $26.82M | - |
| Income Tax | $7.28M | - | $5.10M | $6.10M | $4.25M | - | $1.59M | $1.92M | $2.09M | - |
| Net Income | $22.97M | - | $16.92M | $20.25M | $13.31M | - | $5.21M | $6.21M | $6.43M | - |
| EPS - Basic | $0.90 | - | $0.66 | $0.79 | $0.52 | - | $0.26 | $0.31 | $0.32 | - |
| EPS - Diluted | $0.89 | - | $0.65 | $0.78 | $0.52 | - | $0.26 | $0.31 | $0.32 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $128.83M | $67.19M | $92.04M | $80.90M | $82.98M | $61.24M | $65.97M | $438.14M | $545.77M | $129.89M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $5.29B | $5.23B | $5.33B | $5.32B | $5.34B | $5.26B | $4.08B | $4.36B | $4.34B | $3.91B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $59.21M | $59.18M | $59.15M | $59.13M | $59.10M | $59.07M | $59.04M | $59.01M | $58.98M | $58.96M |
| Total Liabilities | $4.71B | $4.67B | $4.78B | $4.79B | $4.83B | $4.77B | $3.70B | $3.99B | $3.97B | $3.54B |
| Stockholders' Equity | $574.69M | $564.93M | $550.69M | $533.15M | $514.23M | $495.41M | $386.49M | $373.23M | $371.63M | $369.13M |
| Retained Earnings | $287.70M | $270.07M | $308.46M | $296.88M | $281.96M | $273.72M | $278.86M | $277.62M | $275.37M | $272.70M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $27.81M | - | - | - | $7.71M | - | - | - | $11.99M | - |
| Investing Cash Flow | ($1.64M) | - | - | - | ($48.70M) | - | - | - | ($22.39M) | - |
| Financing Cash Flow | $35.47M | - | - | - | $62.72M | - | - | - | $426.28M | - |
| CapEx | $2.03M | - | - | - | $2.05M | - | - | - | $881.0K | - |
| Free Cash Flow | $25.79M | - | - | - | $5.66M | - | - | - | $11.11M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | 1.12 | - | - | - | 0.43 | - | - | - | 1.73 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 24.1% | - | 23.2% | 23.2% | 24.2% | - | 23.4% | 23.7% | 24.5% | - |
| Return on assets | 0.4% | - | 0.3% | 0.4% | 0.2% | - | 0.1% | 0.1% | 0.1% | - |
| Return on equity | 4.0% | - | 3.1% | 3.8% | 2.6% | - | 1.3% | 1.7% | 1.7% | - |
| Return on invested capital | 3.6% | - | 2.8% | 3.4% | 2.3% | - | 1.2% | 1.4% | 1.5% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.10 | 0.10 | 0.11 | 0.11 | 0.11 | 0.12 | 0.15 | 0.16 | 0.16 | 0.16 |
| Debt / Assets | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
| Debt / EBITDA | 1.77 | - | 2.56 | 2.15 | 3.01 | - | 7.88 | 6.68 | 5.55 | - |
| Interest coverage | - | - | - | - | - | - | - | 0.3x | 0.3x | - |
| Equity multiplier | 9.20 | 9.26 | 9.68 | 9.99 | 10.38 | 10.62 | 10.57 | 11.68 | 11.67 | 10.59 |
| Liabilities / Assets | 0.89 | 0.89 | 0.90 | 0.90 | 0.90 | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 26.6x | - | 34.1x | 27.7x | 35.5x | - | 88.0x | 63.3x | 68.2x | - |
| P / B | 1.1x | - | 1.0x | 1.0x | 0.9x | - | 1.2x | 1.1x | 1.2x | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | 16.1x | - | 23.2x | 19.5x | 22.9x | - | 60.3x | 1.6x | -4.8x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 72.3% | - | 224.0% | 224.2% | 106.0% | - | -41.1% | -30.1% | -18.8% | - |
| Net income growth (YoY) | 72.5% | - | 225.0% | 226.2% | 107.0% | - | -43.2% | -31.8% | -21.4% | - |
| EPS growth (YoY) | 71.2% | - | 150.0% | 151.6% | 62.5% | - | -42.2% | -31.1% | -20.0% | - |
| EPS CAGR (3y) | 30.5% | - | 11.4% | 14.5% | -3.0% | - | -29.4% | -22.3% | -28.1% | - |
| EPS CAGR (5y) | 0.7% | - | -8.1% | 3.7% | 11.6% | - | -12.9% | - | - | - |
| FCF growth (YoY) | 355.5% | - | - | - | -49.0% | - | - | - | - | - |
| FCF CAGR (5y) | -13.9% | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 11.8% | 14.0% | 42.5% | 42.9% | 38.4% | 34.2% | 10.6% | 4.3% | 3.5% | 3.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$103.36M totalRetirement And Benefit Services$65.89M · 63.7%
Wealth Management$28.27M · 27.3%
Interchange Fees$3.37M · 3.3%
Deposit Account$2.77M · 2.7%
Transactional Fees$1.88M · 1.8%
Other Noninterest$1.20M · 1.2%
Peer comparison
Same SIC group: National Commercial Banks
Comparing ALERUS FINANCIAL CORP against the 5 most active filers in the same SIC group.
Dividends
$0.84/share trailing 12 months · +5.0% YoY
| Ex-date | Per share |
|---|---|
| Mar 27, 2026 | $0.2100 |
| Dec 26, 2025 | $0.2100 |
| Sep 26, 2025 | $0.2100 |
| Jun 27, 2025 | $0.2100 |
| Mar 14, 2025 | $0.2000 |
| Dec 27, 2024 | $0.2000 |
| Sep 13, 2024 | $0.2000 |
| Jun 14, 2024 | $0.2000 |
| Mar 14, 2024 | $0.1900 |
| Dec 26, 2023 | $0.1900 |
| Sep 14, 2023 | $0.1900 |
| Jun 14, 2023 | $0.1900 |
| Mar 14, 2023 | $0.1800 |
| Dec 22, 2022 | $0.1800 |
| Sep 29, 2022 | $0.1800 |
| Jun 16, 2022 | $0.1800 |
| Mar 17, 2022 | $0.1600 |
| Dec 22, 2021 | $0.1600 |
| Sep 16, 2021 | $0.1600 |
| Jun 17, 2021 | $0.1600 |
| Mar 18, 2021 | $0.1500 |
| Dec 17, 2020 | $0.1500 |
| Sep 17, 2020 | $0.1500 |
| Jun 12, 2020 | $0.1500 |