Alerus Financial Corp income statement
In fiscal 2025, Alerus Financial Corp reported revenue of $224m, up 1.1% on the year before and net income of $17.4m, or $0.68 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 171 | 178 | 189 | 233 | 234 | 211 | 168 | 222 | 224 | 237 |
| Interest expense | 8 | 12 | 19 | 12 | 6 | 16 | 77 | — | — | — |
| Net interest income | 68 | 75 | 75 | 84 | 87 | 100 | 88 | 107 | 172 | 181 |
| Non-interest income | 103 | 103 | 114 | 149 | 147 | 111 | 80 | 115 | 52 | 56 |
| Non-interest expense | 135 | 136 | 143 | 164 | 169 | 159 | 150 | 181 | 201 | 206 |
| Provision for credit losses | 3 | 9 | 7 | 11 | −4 | 0 | 2 | 18 | 1 | −5 |
| Income before tax | 33 | 33 | 39 | 59 | 69 | 52 | 16 | 23 | 23 | 36 |
| Income tax | 18 | 7 | 9 | 14 | 16 | 12 | 4 | 5 | 5 | 8 |
| Net income | 15 | 26 | 30 | 45 | 53 | 40 | 12 | 18 | 17 | 28 |
| Diluted EPS | $1.07 | $1.84 | $1.91 | $2.52 | $2.97 | $2.10 | $0.58 | $0.83 | $0.68 | $1.08 |
| Diluted shares (average) | 14m | 14m | 15m | 17m | 17m | 19m | 20m | 21m | 26m | 26m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 51 | 72 | 69 | 75 | 73 | 8 | 76 | 81 |
| Net interest income | 23 | 38 | 41 | 43 | 43 | 45 | 45 | 48 |
| Non-interest income | 28 | 34 | 28 | 32 | 29 | −37 | 31 | 33 |
| Non-interest expense | 42 | 60 | 50 | 48 | 51 | 52 | 50 | 53 |
| Provision for credit losses | 2 | 12 | 1 | 0 | 0 | −0 | −5 | 0 |
| Income before tax | 7 | −0 | 18 | 26 | 22 | −43 | 30 | 27 |
| Income tax | 2 | −0 | 4 | 6 | 5 | −10 | 7 | 6 |
| Net income | 5 | −0 | 13 | 20 | 17 | −33 | 23 | 21 |
| Diluted EPS | $0.26 | −$0.06 | $0.52 | $0.78 | $0.65 | −$1.27 | $0.89 | $0.81 |
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