Income Statement

ALERUS FINANCIAL CORP

ALRS
Annual
Performance Overview Click any row in the table to add it to this chart
in millions USD
Metric Dec 31, 2025 2025 FY Dec 31, 2024 2024 FY Dec 31, 2023 2023 FY Dec 31, 2022 2022 FY Dec 31, 2021 2021 FY Dec 31, 2020 2020 FY Dec 31, 2019 2019 FY
Revenue
331.51 336.51 245.11 226.80 240.04 245.47 207.49
Cost of Revenue
107.69 132.68 79.10 17.78 2.06 23.16 26.06
Gross Profit
223.82 203.83 166.01 209.02 237.99 222.32 181.43
Operating Expenses
201.23 180.68 150.16 158.77 168.91 163.80 142.54
Research & Development
- - - - - - -
Selling, General & Administrative
- - - - - - -
Other Operating Expenses
- - - - - - -
Operating Income
22.59 23.16 15.85 50.25 69.08 58.52 38.90
Non-Operating Income
0.00 0.00 0.00 -1.93 0.00 0.00 0.00
Interest Income
279.64 221.58 164.88 115.58 92.66 96.10 93.30
Interest Expense
107.14 114.53 77.04 15.85 5.56 12.26 18.75
Other Non-Op Income / Expense
-10.80 23.19 -4.83 26.42 40.64 33.21 19.09
Income Before Tax
26.42 23.97 15.85 52.18 69.08 58.52 38.90
Income Tax Expense
5.15 5.38 4.16 12.18 16.40 13.84 9.36
Non-Controlling Interest
- - - - - - -
Net Income
17.44 17.78 11.70 40.01 52.68 44.68 29.54
Supplemental Per share data, derived & other items — not part of the income statement
in millions USD unless noted
Metric Dec 31, 2025 2025 FY Dec 31, 2024 2024 FY Dec 31, 2023 2023 FY Dec 31, 2022 2022 FY Dec 31, 2021 2021 FY Dec 31, 2020 2020 FY Dec 31, 2019 2019 FY
Depreciation & Amortization
- - - - - - -
EBITDA
37.91 33.00 24.38 58.72 77.95 67.47 47.66
Earnings Per Share (Basic)
0.69 0.84 0.59 2.12 3.02 2.57 1.96
Diluted EPS
0.68 0.83 0.58 2.10 2.97 2.52 1.91
Weighted Average Shares
25.38 21.05 19.92 18.64 17.19 17.11 14.74
Diluted Weighted Avg Shares
25.70 21.32 20.14 18.88 17.49 17.44 15.09
Comprehensive Income
88.65 18.07 36.68 -54.38 37.79 53.38 35.08