Alerus Financial Corporation (ALRS)

Nasdaq: ALRS · National Commercial Banks · Grand Forks, ND · filing with the SEC since 1998

Grade4.3

◀ Past 4.9● Present 2.9▶ Future 5.3

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Report filed	Mar 4, 2026	Mar 14, 2025	Mar 8, 2024	Mar 13, 2023	Mar 11, 2022	Mar 12, 2021	Mar 26, 2020	·	·
For lenders
Interest and dividend income	279,636	221,579	164,883	115,577	92,657	96,102	93,300	87,702	75,637
Interest expense on deposits and borrowings	107,137	114,534	77,044	15,848	·	·	·	·	·
Net interest income	172,499	107,045	87,839	99,729	87,099	83,846	74,551	75,224	67,670
Provision for credit losses	556	18,141	2,057	0	-3,500	10,900	7,312	8,610	3,280
Net interest income after provision	171,943	88,904	85,782	99,729	90,599	72,946	67,239	66,614	64,390
Noninterest income	51,876	114,930	80,229	111,223	147,387	149,371	114,194	102,749	103,045
Noninterest expense	201,227	180,675	150,157	158,770	168,909	163,799	142,537	136,325	134,920
Interest expense	·	·	77,044	15,848	5,558	12,256	18,749	12,478	7,967
Income before income taxes	22,592	23,159	15,854	52,182	69,077	58,518	38,896	33,038	32,515
Income tax expense	5,153	5,379	4,158	12,177	16,396	13,843	9,356	7,172	17,514
Net income including non-controlling interests	·	·	11,696	40,005	52,681	44,675	29,540	25,866	15,001
Net income	17,439	17,780	11,696	40,005	52,681	44,675	29,540	25,866	15,001
Net income to common shareholders	17,468	17,743	11,701	39,589	51,879	43,905	28,893	·	·
Earnings per share, basic	0.69	0.84	0.59	2.12	3.02	2.57	1.96	1.88	1.10
Earnings per share, diluted	0.68	0.83	0.58	2.10	2.97	2.52	1.91	1.84	1.07
Weighted average shares, basic	25,380	21,047	19,922	18,640	17,189	17,106	14,736	13,763	13,653
Weighted average shares, diluted	25,697	21,321	20,143	18,884	17,486	17,438	15,093	14,063	14,007

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Interest and dividend income what its loans and securities earnedus-gaap:InterestAndDividendIncomeOperating

Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanLeaseAndOtherLosses

Net interest income after provision interest income left after the provisionus-gaap:InterestIncomeExpenseAfterProvisionForLoanLoss

Noninterest income fees and other income that is not interestus-gaap:NoninterestIncome

Noninterest expense salaries, buildings and the other costs of running the bankus-gaap:NoninterestExpense

Interest expense what its borrowing costus-gaap:InterestExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton ALRS · research, not advice