Alerus Financial (ALRS) Financials

$21.24 -0.69 (-3.15%)

Closing price 05/21/2025 04:00 PM Eastern

Extended Trading

$21.26 +0.02 (+0.07%)

As of 05/21/2025 04:09 PM Eastern

Annual Income Statements for Alerus Financial

This table shows Alerus Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	18	12	40
Consolidated Net Income / (Loss)	18	12	40
Net Income / (Loss) Continuing Operations	18	12	40
Total Pre-Tax Income	23	16	52
Total Revenue	222	168	211
Net Interest Income / (Expense)	107	88	100
Total Interest Income	222	165	116
Loans and Leases Interest Income	184	137	90
Investment Securities Interest Income	38	28	26
Total Interest Expense	115	77	16
Deposits Interest Expense	89	53	9.17
Short-Term Borrowings Interest Expense	23	21	4.34
Long-Term Debt Interest Expense	2.71	2.68	2.34
Total Non-Interest Income	115	80	111
Other Service Charges	12	8.03	4.86
Net Realized & Unrealized Capital Gains on Investments	0.00	-25	0.00
Other Non-Interest Income	103	97	106
Provision for Credit Losses	18	2.06	0.00
Total Non-Interest Expense	181	150	159
Salaries and Employee Benefits	110	96	103
Net Occupancy & Equipment Expense	30	29	27
Marketing Expense	4.65	4.22	4.53
Other Operating Expenses	29	16	20
Amortization Expense	6.78	5.30	4.75
Income Tax Expense	5.38	4.16	12
Basic Earnings per Share	$0.84	$0.59	$2.12
Weighted Average Basic Shares Outstanding	21.05M	19.92M	18.64M
Diluted Earnings per Share	$0.83	$0.58	$2.10
Weighted Average Diluted Shares Outstanding	21.32M	20.14M	18.88M
Weighted Average Basic & Diluted Shares Outstanding	25.36M	19.74M	20.06M
Cash Dividends to Common per Share	$0.79	$0.75	$0.70

This table shows Alerus Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-0.07	5.21	6.21	6.43	-15	9.16	9.10	8.19	11	9.62
Consolidated Net Income / (Loss)	-0.07	5.21	6.21	6.43	-15	9.16	9.10	8.19	11	9.62
Net Income / (Loss) Continuing Operations	-0.07	5.21	6.21	6.43	-15	9.16	9.10	8.19	11	9.62
Total Pre-Tax Income	-0.29	6.80	8.13	8.52	-18	12	12	10	15	13
Total Revenue	72	51	51	48	22	49	48	49	52	55
Net Interest Income / (Expense)	38	23	24	22	22	20	22	24	27	28
Total Interest Income	67	52	53	49	45	42	40	38	36	32
Loans and Leases Interest Income	60	43	42	39	38	35	33	31	29	25
Investment Securities Interest Income	7.30	9.62	11	9.74	6.96	7.05	7.07	6.88	6.56	6.90
Total Interest Expense	29	30	29	27	23	22	18	14	8.85	3.96
Deposits Interest Expense	26	22	21	20	17	14	13	9.10	5.68	1.85
Short-Term Borrowings Interest Expense	2.84	6.71	7.05	5.99	5.29	6.53	4.76	4.39	2.55	1.52
Long-Term Debt Interest Expense	0.67	0.68	0.68	0.68	0.68	0.68	0.67	0.65	0.63	0.59
Total Non-Interest Income	34	28	27	25	0.79	28	26	25	26	27
Other Service Charges	6.46	2.47	1.92	1.49	2.56	1.69	1.22	2.56	1.32	1.40
Other Non-Interest Income	27	26	25	24	23	27	25	23	24	26
Provision for Credit Losses	12	1.66	4.49	0.00	1.51	0.00	0.00	0.55	-	0.00
Total Non-Interest Expense	60	42	39	39	39	37	36	38	38	43
Salaries and Employee Benefits	33	26	25	26	24	24	24	25	43	26
Net Occupancy & Equipment Expense	8.90	6.96	6.41	7.25	7.54	6.66	7.11	7.22	11	7.30
Marketing Expense	1.60	1.09	0.98	0.98	1.24	1.07	0.97	0.93	1.40	1.18
Other Operating Expenses	14	6.61	4.63	3.95	4.76	4.24	3.40	3.38	-19	6.72
Amortization Expense	2.80	1.32	1.32	1.32	1.32	1.32	1.32	1.32	1.32	1.32
Income Tax Expense	-0.23	1.59	1.92	2.09	-3.06	2.38	2.54	2.31	3.62	2.94
Basic Earnings per Share	($0.05)	$0.26	$0.31	$0.32	($0.73)	$0.46	$0.45	$0.41	$0.53	$0.48
Weighted Average Basic Shares Outstanding	21.05M	19.79M	19.78M	19.74M	19.92M	19.87M	20.03M	20.03M	18.64M	19.99M
Diluted Earnings per Share	($0.06)	$0.26	$0.31	$0.32	($0.72)	$0.45	$0.45	$0.40	$0.54	$0.47
Weighted Average Diluted Shares Outstanding	21.32M	20.08M	20.05M	19.99M	20.14M	20.10M	20.24M	20.25M	18.88M	20.23M
Weighted Average Basic & Diluted Shares Outstanding	25.36M	25.34M	19.78M	19.78M	19.74M	19.78M	19.91M	20.07M	20.06M	19.99M
Cash Dividends to Common per Share	$0.20	$0.20	$0.20	$0.19	$0.19	$0.19	$0.19	$0.18	$0.18	$0.18

This table details how cash moves in and out of Alerus Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	-69	72	-184
Net Cash From Operating Activities	29	29	103
Net Cash From Continuing Operating Activities	29	29	103
Net Income / (Loss) Continuing Operations	18	12	40
Consolidated Net Income / (Loss)	18	12	40
Provision For Loan Losses	18	2.06	0.00
Depreciation Expense	9.84	8.53	8.47
Amortization Expense	6.54	2.03	3.16
Non-Cash Adjustments to Reconcile Net Income	-12	21	40
Changes in Operating Assets and Liabilities, net	-12	-16	11
Net Cash From Investing Activities	-330	-52	-293
Net Cash From Continuing Investing Activities	-330	-52	-293
Purchase of Property, Leasehold Improvements and Equipment	-12	-3.17	-1.79
Purchase of Investment Securities	-554	-315	-512
Sale of Property, Leasehold Improvements and Equipment	7.46	0.00	0.00
Sale and/or Maturity of Investments	229	266	221
Net Cash From Financing Activities	232	95	5.59
Net Cash From Continuing Financing Activities	232	95	5.59
Net Change in Deposits	325	180	-359
Issuance of Debt	-77	-64	378
Repayment of Debt	0.00	0.00	-0.20
Repurchase of Common Equity	-0.28	-6.64	-0.74
Payment of Dividends	-15	-15	-13
Cash Interest Paid	110	73	15
Cash Income Taxes Paid	0.45	11	13

This table details how cash moves in and out of Alerus Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-4.74	-372	-108	416	65	-0.75	-80	87	4.08	17
Net Cash From Operating Activities	9.52	19	-11	12	4.08	13	14	-2.38	48	37
Net Cash From Continuing Operating Activities	9.52	19	-11	12	3.39	13	14	-2.38	48	37
Net Income / (Loss) Continuing Operations	-0.07	5.21	6.21	6.43	-15	9.16	9.10	8.19	11	9.62
Consolidated Net Income / (Loss)	-0.07	5.21	6.21	6.43	-15	9.16	9.10	8.19	11	9.62
Provision For Loan Losses	12	1.66	4.49	0.00	1.51	-	-	0.55	-	-
Depreciation Expense	3.39	2.19	2.17	2.10	2.15	2.14	2.11	2.13	2.35	2.12
Amortization Expense	5.18	0.50	0.45	0.42	0.38	-1.01	2.18	0.48	0.45	0.94
Non-Cash Adjustments to Reconcile Net Income	-8.19	24	-29	0.53	28	3.26	-2.69	-7.32	20	27
Changes in Operating Assets and Liabilities, net	-2.78	-15	3.78	2.51	-13	-0.05	3.68	-6.41	14	-2.69
Net Cash From Investing Activities	-100	-102	-106	-22	45	-51	-28	-17	-118	-16
Net Cash From Continuing Investing Activities	-100	-102	-106	-22	45	-52	-28	-17	-118	-16
Purchase of Property, Leasehold Improvements and Equipment	-5.04	-2.77	-3.69	-0.88	-1.70	-0.39	-0.17	-0.92	-0.71	-0.61
Purchase of Investment Securities	-268	-115	-121	-50	-152	-73	-46	-43	-226	-58
Sale of Property, Leasehold Improvements and Equipment	4.66	-	-	-	-	-	-	-	-	-
Sale and/or Maturity of Investments	168	13	19	29	199	22	19	26	108	42
Net Cash From Financing Activities	86	-289	9.84	426	16	38	-66	107	74	-3.62
Net Cash From Continuing Financing Activities	86	-289	9.84	426	16	38	-66	107	74	-3.62
Net Change in Deposits	97	25	14	189	223	19	-179	116	-46	-11
Issuance of Debt	-7.34	-310	-	241	-201	23	120	-5.94	124	11
Repurchase of Common Equity	-0.04	-0.08	-0.00	-0.15	-2.08	-1.24	-2.95	-0.36	-0.04	-
Payment of Dividends	-3.96	-3.96	-3.76	-3.76	-3.78	-3.62	-3.81	-3.62	-3.62	-3.62
Cash Interest Paid	25	37	25	22	22	19	17	15	7.83	3.36
Cash Income Taxes Paid	0.19	0.09	0.17	0.00	4.20	2.92	3.72	0.00	3.82	4.04

This table presents Alerus Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	5,262	3,908	3,780
Cash and Due from Banks	61	130	58
Trading Account Securities	883	798	1,049
Loans and Leases, Net of Allowance	3,933	2,724	2,413
Loans and Leases	3,993	2,760	2,444
Allowance for Loan and Lease Losses	60	36	31
Premises and Equipment, Net	40	18	17
Goodwill	86	47	47
Intangible Assets	44	17	22
Other Assets	207	172	170
Total Liabilities & Shareholders' Equity	5,262	3,908	3,780
Total Liabilities	4,766	3,539	3,423
Non-Interest Bearing Deposits	903	728	861
Interest Bearing Deposits	3,475	2,368	2,054
Short-Term Debt	239	314	378
Long-Term Debt	59	59	59
Other Long-Term Liabilities	90	70	70
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	495	369	357
Total Preferred & Common Equity	495	369	357
Preferred Stock	0.00	0.00	0.00
Total Common Equity	495	369	357
Common Stock	295	170	175
Retained Earnings	274	273	280
Accumulated Other Comprehensive Income / (Loss)	-73	-74	-99

This table presents Alerus Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	4,085	4,359	4,338	3,869	3,833	3,887	3,691
Cash and Due from Banks	66	438	546	65	65	145	54
Trading Account Securities	764	787	779	960	1,007	1,036	1,082
Loans and Leases, Net of Allowance	2,993	2,877	2,763	2,570	2,498	2,452	2,287
Loans and Leases	3,032	2,916	2,799	2,606	2,534	2,487	2,318
Allowance for Loan and Lease Losses	39	38	37	36	36	35	31
Premises and Equipment, Net	19	17	18	17	17	18	17
Goodwill	47	47	47	47	47	47	46
Intangible Assets	13	15	16	18	20	21	24
Other Assets	181	176	167	192	179	168	167
Total Liabilities & Shareholders' Equity	4,085	4,359	4,338	3,869	3,833	3,887	3,691
Total Liabilities	3,698	3,985	3,966	3,520	3,475	3,528	3,346
Non-Interest Bearing Deposits	658	701	693	718	716	793	905
Interest Bearing Deposits	2,666	2,597	2,592	2,154	2,137	2,239	2,057
Short-Term Debt	245	555	555	515	492	372	254
Long-Term Debt	59	59	59	59	59	59	59
Other Long-Term Liabilities	71	73	68	73	71	65	72
Commitments & Contingencies	0.00	0.00	0.00	-	-	-	-
Total Equity & Noncontrolling Interests	386	373	372	349	358	359	345
Total Preferred & Common Equity	386	373	372	349	358	359	345
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	386	373	372	349	358	359	345
Common Stock	171	171	171	172	173	175	175
Retained Earnings	279	278	275	291	286	281	273
Accumulated Other Comprehensive Income / (Loss)	-63	-75	-74	-113	-101	-96	-103

This table displays calculated financial ratios and metrics derived from Alerus Financial's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	32.07%	-20.33%	-10.04%
EBITDA Growth	49.70%	-58.61%	-21.83%
EBIT Growth	46.08%	-69.62%	-24.46%
NOPAT Growth	52.02%	-70.76%	-24.06%
Net Income Growth	52.02%	-70.76%	-24.06%
EPS Growth	43.10%	-72.38%	-29.29%
Operating Cash Flow Growth	0.26%	-71.95%	-31.28%
Free Cash Flow Firm Growth	-152.83%	118.85%	-1,543.25%
Invested Capital Growth	6.90%	-6.49%	89.75%
Revenue Q/Q Growth	28.93%	-15.21%	-1.87%
EBITDA Q/Q Growth	147.48%	-55.26%	-1.94%
EBIT Q/Q Growth	311.20%	-67.11%	-1.32%
NOPAT Q/Q Growth	475.03%	-68.69%	-4.30%
Net Income Q/Q Growth	475.03%	-68.69%	-4.30%
EPS Q/Q Growth	388.24%	-68.48%	-7.49%
Operating Cash Flow Q/Q Growth	22.61%	-60.45%	18.59%
Free Cash Flow Firm Q/Q Growth	-114.12%	127.62%	-64.81%
Invested Capital Q/Q Growth	14.95%	-19.65%	20.73%
Profitability Metrics	-	-	-
EBITDA Margin	17.81%	15.71%	30.25%
EBIT Margin	10.43%	9.43%	24.74%
Profit (Net Income) Margin	8.01%	6.96%	18.96%
Tax Burden Percent	76.77%	73.77%	76.66%
Interest Burden Percent	100.00%	100.00%	100.00%
Effective Tax Rate	23.23%	26.23%	23.34%
Return on Invested Capital (ROIC)	2.32%	1.52%	6.60%
ROIC Less NNEP Spread (ROIC-NNEP)	2.32%	1.52%	6.60%
Return on Net Nonoperating Assets (RNNOA)	1.80%	1.70%	4.57%
Return on Equity (ROE)	4.11%	3.22%	11.17%
Cash Return on Invested Capital (CROIC)	-4.35%	8.23%	-55.35%
Operating Return on Assets (OROA)	0.51%	0.41%	1.46%
Return on Assets (ROA)	0.39%	0.30%	1.12%
Return on Common Equity (ROCE)	4.11%	3.22%	11.17%
Return on Equity Simple (ROE_SIMPLE)	3.59%	3.17%	11.21%
Net Operating Profit after Tax (NOPAT)	18	12	40
NOPAT Margin	8.01%	6.96%	18.96%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	65.08%	76.81%	63.61%
Operating Expenses to Revenue	81.39%	89.34%	75.26%
Earnings before Interest and Taxes (EBIT)	23	16	52
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	40	26	64
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.97	1.14	1.20
Price to Tangible Book Value (P/TBV)	1.32	1.38	1.48
Price to Revenue (P/Rev)	2.17	2.51	2.02
Price to Earnings (P/E)	27.12	36.01	10.66
Dividend Yield	4.15%	3.52%	3.28%
Earnings Yield	3.69%	2.78%	9.38%
Enterprise Value to Invested Capital (EV/IC)	0.91	0.90	1.01
Enterprise Value to Revenue (EV/Rev)	3.24	3.95	3.82
Enterprise Value to EBITDA (EV/EBITDA)	18.18	25.16	12.62
Enterprise Value to EBIT (EV/EBIT)	31.04	41.91	15.43
Enterprise Value to NOPAT (EV/NOPAT)	40.44	56.81	20.13
Enterprise Value to Operating Cash Flow (EV/OCF)	24.83	23.00	7.82
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	10.51	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.60	1.01	1.22
Long-Term Debt to Equity	0.12	0.16	0.16
Financial Leverage	0.78	1.12	0.69
Leverage Ratio	10.61	10.59	10.01
Compound Leverage Factor	10.61	10.59	10.01
Debt to Total Capital	37.56%	50.27%	55.04%
Short-Term Debt to Total Capital	30.12%	42.33%	47.63%
Long-Term Debt to Total Capital	7.44%	7.94%	7.41%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	62.44%	49.73%	44.96%
Debt to EBITDA	7.54	14.13	6.85
Net Debt to EBITDA	5.99	9.21	5.93
Long-Term Debt to EBITDA	1.49	2.23	0.92
Debt to NOPAT	16.76	31.90	10.92
Net Debt to NOPAT	13.32	20.80	9.47
Long-Term Debt to NOPAT	3.32	5.04	1.47
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-33	63	-335
Operating Cash Flow to CapEx	589.82%	910.31%	5,755.51%
Free Cash Flow to Firm to Interest Expense	-0.29	0.82	-21.17
Operating Cash Flow to Interest Expense	0.25	0.37	6.50
Operating Cash Flow Less CapEx to Interest Expense	0.21	0.33	6.38
Efficiency Ratios	-	-	-
Asset Turnover	0.05	0.04	0.06
Fixed Asset Turnover	7.69	9.54	11.83
Capital & Investment Metrics	-	-	-
Invested Capital	793	742	794
Invested Capital Turnover	0.29	0.22	0.35
Increase / (Decrease) in Invested Capital	51	-52	375
Enterprise Value (EV)	719	664	805
Market Capitalization	482	421	426
Book Value per Share	$19.55	$18.67	$17.86
Tangible Book Value per Share	$14.44	$15.43	$14.38
Total Capital	793	742	794
Total Debt	298	373	437
Total Long-Term Debt	59	59	59
Net Debt	237	243	379
Capital Expenditures (CapEx)	4.91	3.17	1.79
Net Nonoperating Expense (NNE)	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	298	373	437
Total Depreciation and Amortization (D&A)	16	11	12
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.84	$0.59	$2.12
Adjusted Weighted Average Basic Shares Outstanding	21.05M	19.92M	18.64M
Adjusted Diluted Earnings per Share	$0.83	$0.58	$2.10
Adjusted Weighted Average Diluted Shares Outstanding	21.32M	20.14M	18.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	25.36M	19.74M	20.06M
Normalized Net Operating Profit after Tax (NOPAT)	18	12	40
Normalized NOPAT Margin	8.01%	6.96%	18.96%
Pre Tax Income Margin	10.43%	9.43%	24.74%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.20	0.21	3.29
NOPAT to Interest Expense	0.16	0.15	2.52
EBIT Less CapEx to Interest Expense	0.16	0.16	3.18
NOPAT Less CapEx to Interest Expense	0.11	0.11	2.41
Payout Ratios	-	-	-
Dividend Payout Ratio	86.87%	126.73%	32.00%
Augmented Payout Ratio	88.42%	183.48%	33.84%

This table displays calculated financial ratios and metrics derived from Alerus Financial's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	222.95%	4.31%	7.00%	-2.80%	-57.43%	-11.79%	-7.67%	-4.36%	-7.12%	-3.23%
EBITDA Growth	154.08%	-25.19%	-32.50%	-15.77%	-188.25%	-18.84%	8.20%	-18.83%	-6.80%	-22.39%
EBIT Growth	98.36%	-41.11%	-30.14%	-18.77%	-222.61%	-8.10%	-3.15%	-19.74%	-4.58%	-26.69%
NOPAT Growth	98.36%	-43.16%	-31.81%	-21.43%	-214.34%	-4.76%	-2.03%	-19.62%	-14.14%	-26.39%
Net Income Growth	99.55%	-43.16%	-31.81%	-21.43%	-235.26%	-4.76%	-2.03%	-19.62%	-14.14%	-26.39%
EPS Growth	91.67%	-42.22%	-31.11%	-20.00%	-233.33%	-4.26%	-13.46%	-29.82%	-23.94%	-36.49%
Operating Cash Flow Growth	133.31%	47.91%	-179.87%	603.11%	-91.54%	-65.40%	181.93%	-106.75%	50.29%	10.74%
Free Cash Flow Firm Growth	-231.54%	192.86%	75.14%	52.08%	110.72%	-9.08%	-48.78%	-3,676.67%	-2,078.63%	-1,185.11%
Invested Capital Growth	6.90%	-25.28%	8.65%	24.74%	-6.49%	40.50%	49.36%	103.95%	89.75%	59.53%
Revenue Q/Q Growth	41.75%	-0.91%	8.06%	112.78%	-54.22%	1.65%	-1.84%	-6.80%	-5.14%	6.39%
EBITDA Q/Q Growth	-12.75%	-11.82%	-2.62%	164.75%	-220.69%	-20.45%	21.52%	-24.37%	11.00%	6.06%
EBIT Q/Q Growth	-104.30%	-16.41%	-4.60%	147.83%	-254.38%	-0.83%	10.93%	-27.81%	15.72%	4.50%
NOPAT Q/Q Growth	-103.93%	-16.12%	-3.48%	151.57%	-236.16%	0.63%	11.21%	-24.96%	13.41%	3.51%
Net Income Q/Q Growth	-101.29%	-16.12%	-3.48%	143.59%	-261.06%	0.63%	11.21%	-24.96%	13.41%	3.51%
EPS Q/Q Growth	-123.08%	-16.13%	-3.13%	144.44%	-260.00%	0.00%	12.50%	-25.93%	14.89%	-9.62%
Operating Cash Flow Q/Q Growth	-49.74%	264.87%	-195.81%	840.98%	-68.14%	-10.98%	703.57%	-104.94%	30.34%	310.78%
Free Cash Flow Firm Q/Q Growth	-121.52%	429.87%	61.71%	-583.90%	115.19%	11.69%	26.20%	-8.23%	-54.65%	-20.45%
Invested Capital Q/Q Growth	14.95%	-30.09%	0.16%	32.79%	-19.65%	1.67%	15.00%	-0.46%	20.73%	8.08%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	11.46%	18.62%	20.93%	23.22%	-68.44%	25.96%	33.17%	26.80%	33.02%	28.22%
EBIT Margin	-0.40%	13.35%	15.83%	17.93%	-79.75%	23.65%	24.24%	21.45%	27.69%	22.70%
Profit (Net Income) Margin	-0.09%	10.23%	12.08%	13.53%	-66.04%	18.77%	18.96%	16.74%	20.79%	17.39%
Tax Burden Percent	22.95%	76.61%	76.35%	75.47%	82.80%	79.37%	78.22%	78.02%	75.06%	76.59%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	23.39%	23.65%	24.53%	0.00%	20.63%	21.78%	21.98%	24.94%	23.41%
Return on Invested Capital (ROIC)	-0.08%	2.18%	2.17%	2.54%	-12.22%	4.71%	5.12%	5.93%	7.24%	6.99%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.04%	2.18%	2.17%	2.54%	-12.78%	4.71%	5.12%	5.93%	7.24%	6.99%
Return on Net Nonoperating Assets (RNNOA)	-0.03%	2.60%	3.46%	3.63%	-14.26%	6.01%	6.56%	4.23%	5.01%	3.72%
Return on Equity (ROE)	-0.11%	4.79%	5.62%	6.17%	-26.48%	10.72%	11.68%	10.16%	12.24%	10.71%
Cash Return on Invested Capital (CROIC)	-4.35%	29.33%	-7.55%	-20.90%	8.23%	-28.96%	-34.60%	-61.95%	-55.35%	-38.06%
Operating Return on Assets (OROA)	-0.02%	0.58%	0.66%	0.73%	-3.49%	1.24%	1.39%	1.24%	1.63%	1.42%
Return on Assets (ROA)	0.00%	0.44%	0.50%	0.55%	-2.89%	0.98%	1.09%	0.97%	1.22%	1.09%
Return on Common Equity (ROCE)	-0.11%	4.79%	5.62%	6.17%	-26.48%	10.72%	11.68%	10.16%	12.24%	10.71%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.80%	1.89%	2.68%	0.00%	10.69%	10.57%	10.58%	0.00%	12.12%
Net Operating Profit after Tax (NOPAT)	-0.20	5.21	6.21	6.43	-12	9.16	9.10	8.19	11	9.62
NOPAT Margin	-0.28%	10.23%	12.08%	13.53%	-55.83%	18.77%	18.96%	16.74%	20.79%	17.39%
Net Nonoperating Expense Percent (NNEP)	-0.04%	0.00%	0.00%	0.00%	0.56%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	60.14%	67.80%	63.84%	70.99%	145.80%	64.95%	65.92%	67.81%	106.23%	62.77%
Operating Expenses to Revenue	83.79%	83.38%	75.43%	82.07%	173.01%	76.35%	75.76%	77.42%	72.31%	77.30%
Earnings before Interest and Taxes (EBIT)	-0.29	6.80	8.13	8.52	-18	12	12	10	15	13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	8.27	9.48	11	11	-15	13	16	13	17	16
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.97	1.17	1.04	1.15	1.14	1.00	0.97	0.85	1.20	1.20
Price to Tangible Book Value (P/TBV)	1.32	1.39	1.24	1.38	1.38	1.23	1.19	1.05	1.48	1.50
Price to Revenue (P/Rev)	2.17	2.63	2.28	2.56	2.51	1.76	1.70	1.47	2.02	1.92
Price to Earnings (P/E)	27.12	146.35	55.04	42.88	36.01	9.34	9.18	8.07	10.66	9.88
Dividend Yield	4.15%	3.41%	3.93%	3.52%	3.52%	5.25%	4.22%	4.71%	3.28%	3.29%
Earnings Yield	3.69%	0.68%	1.82%	2.33%	2.78%	10.71%	10.89%	12.39%	9.38%	10.12%
Enterprise Value to Invested Capital (EV/IC)	0.91	1.00	0.57	0.50	0.90	0.93	0.92	0.75	1.01	1.00
Enterprise Value to Revenue (EV/Rev)	3.24	4.01	3.31	2.97	3.95	4.33	4.07	2.84	3.82	3.06
Enterprise Value to EBITDA (EV/EBITDA)	18.18	43.21	29.41	20.31	25.16	14.54	13.44	9.75	12.62	10.10
Enterprise Value to EBIT (EV/EBIT)	31.04	122.56	54.32	35.61	41.91	17.81	16.92	11.95	15.43	12.43
Enterprise Value to NOPAT (EV/NOPAT)	40.44	223.25	80.00	49.74	56.81	22.98	22.02	15.59	20.13	15.73
Enterprise Value to Operating Cash Flow (EV/OCF)	24.83	29.23	32.24	11.41	23.00	11.75	8.56	9.07	7.82	7.57
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	2.92	0.00	0.00	10.51	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.60	0.79	1.65	1.65	1.01	1.64	1.54	1.20	1.22	0.91
Long-Term Debt to Equity	0.12	0.15	0.16	0.16	0.16	0.17	0.16	0.16	0.16	0.17
Financial Leverage	0.78	1.19	1.59	1.43	1.12	1.28	1.28	0.71	0.69	0.53
Leverage Ratio	10.61	10.81	11.21	11.26	10.59	10.89	10.72	10.50	10.01	9.84
Compound Leverage Factor	10.61	10.81	11.21	11.26	10.59	10.89	10.72	10.50	10.01	9.84
Debt to Total Capital	37.56%	44.01%	62.20%	62.29%	50.27%	62.18%	60.64%	54.55%	55.04%	47.55%
Short-Term Debt to Total Capital	30.12%	35.45%	56.22%	56.31%	42.33%	55.80%	54.15%	47.10%	47.63%	38.61%
Long-Term Debt to Total Capital	7.44%	8.55%	5.98%	5.98%	7.94%	6.38%	6.48%	7.45%	7.41%	8.95%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	62.44%	55.99%	37.81%	37.71%	49.73%	37.82%	39.36%	45.45%	44.96%	52.45%
Debt to EBITDA	7.54	19.01	32.03	25.22	14.13	9.73	8.89	7.09	6.85	4.81
Net Debt to EBITDA	5.99	14.88	9.18	2.80	9.21	8.63	7.83	4.70	5.93	3.76
Long-Term Debt to EBITDA	1.49	3.70	3.08	2.42	2.23	1.00	0.95	0.97	0.92	0.90
Debt to NOPAT	16.76	98.23	87.14	61.76	31.90	15.37	14.57	11.34	10.92	7.48
Net Debt to NOPAT	13.32	76.90	24.96	6.86	20.80	13.64	12.84	7.52	9.47	5.85
Long-Term Debt to NOPAT	3.32	19.09	8.38	5.93	5.04	1.58	1.56	1.55	1.47	1.41
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-51	239	-72	-189	39	-257	-291	-395	-365	-236
Operating Cash Flow to CapEx	2,518.25%	684.95%	-311.72%	1,360.84%	240.14%	3,317.10%	8,716.97%	-258.18%	6,812.29%	6,066.23%
Free Cash Flow to Firm to Interest Expense	-1.77	8.05	-2.49	-7.05	1.69	-11.88	-16.08	-27.88	-41.20	-59.54
Operating Cash Flow to Interest Expense	0.33	0.64	-0.40	0.45	0.18	0.59	0.79	-0.17	5.45	9.35
Operating Cash Flow Less CapEx to Interest Expense	0.31	0.55	-0.52	0.41	0.10	0.57	0.79	-0.23	5.37	9.19
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.05	0.04	0.04	0.04	0.04	0.05	0.06	0.06	0.06	0.06
Fixed Asset Turnover	7.69	9.57	9.77	9.31	9.54	11.57	11.81	11.84	11.83	12.12
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	793	690	987	986	742	924	909	790	794	658
Invested Capital Turnover	0.29	0.21	0.18	0.19	0.22	0.25	0.27	0.35	0.35	0.40
Increase / (Decrease) in Invested Capital	51	-234	79	195	-52	266	300	403	375	245
Enterprise Value (EV)	719	690	564	495	664	858	833	593	805	657
Market Capitalization	482	453	388	426	421	349	347	307	426	413
Book Value per Share	$19.55	$19.54	$18.87	$18.83	$18.67	$17.54	$17.82	$17.90	$17.86	$17.25
Tangible Book Value per Share	$14.44	$16.51	$15.77	$15.66	$15.43	$14.27	$14.49	$14.50	$14.38	$13.76
Total Capital	793	690	987	986	742	924	909	790	794	658
Total Debt	298	304	614	614	373	574	551	431	437	313
Total Long-Term Debt	59	59	59	59	59	59	59	59	59	59
Net Debt	237	238	176	68	243	510	485	286	379	244
Capital Expenditures (CapEx)	0.38	2.77	3.69	0.88	1.70	0.39	0.17	0.92	0.71	0.61
Net Nonoperating Expense (NNE)	-0.14	0.00	0.00	0.00	2.28	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	298	304	614	614	373	574	551	431	437	313
Total Depreciation and Amortization (D&A)	8.56	2.68	2.62	2.52	2.53	1.13	4.29	2.61	2.80	3.05
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.05)	$0.26	$0.31	$0.32	($0.73)	$0.46	$0.45	$0.41	$0.53	$0.48
Adjusted Weighted Average Basic Shares Outstanding	21.05M	19.79M	19.78M	19.74M	19.92M	19.87M	20.03M	20.03M	18.64M	19.99M
Adjusted Diluted Earnings per Share	($0.06)	$0.26	$0.31	$0.32	($0.72)	$0.45	$0.45	$0.40	$0.54	$0.47
Adjusted Weighted Average Diluted Shares Outstanding	21.32M	20.08M	20.05M	19.99M	20.14M	20.10M	20.24M	20.25M	18.88M	20.23M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	25.36M	25.34M	19.78M	19.78M	19.74M	19.78M	19.91M	20.07M	20.06M	19.99M
Normalized Net Operating Profit after Tax (NOPAT)	-0.20	5.21	6.21	6.43	-12	9.16	9.10	8.19	11	9.62
Normalized NOPAT Margin	-0.28%	10.23%	12.08%	13.53%	-55.83%	18.77%	18.96%	16.74%	20.79%	17.39%
Pre Tax Income Margin	-0.40%	13.35%	15.83%	17.93%	-79.75%	23.65%	24.24%	21.45%	27.69%	22.70%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.01	0.23	0.28	0.32	-0.77	0.53	0.64	0.74	1.64	3.17
NOPAT to Interest Expense	-0.01	0.18	0.21	0.24	-0.54	0.42	0.50	0.58	1.23	2.43
EBIT Less CapEx to Interest Expense	-0.02	0.14	0.15	0.28	-0.84	0.52	0.63	0.68	1.56	3.02
NOPAT Less CapEx to Interest Expense	-0.02	0.08	0.09	0.21	-0.61	0.41	0.49	0.51	1.15	2.28
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	86.87%	493.63%	211.69%	150.46%	126.73%	39.23%	38.75%	35.88%	32.00%	28.61%
Augmented Payout Ratio	88.42%	568.47%	261.08%	215.14%	183.48%	51.53%	47.62%	37.17%	33.84%	30.74%

Frequently Asked Questions About Alerus Financial's Financials

When does Alerus Financial's fiscal year end?

According to the most recent income statement we have on file, Alerus Financial's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Alerus Financial's net income changed over the last 2 years?

Alerus Financial's net income appears to be on a downward trend, with a most recent value of $17.78 million in 2024, falling from $40.01 million in 2022. The previous period was $11.70 million in 2023. Find out what analysts predict for Alerus Financial in the coming months.

How has Alerus Financial revenue changed over the last 2 years?

Over the last 2 years, Alerus Financial's total revenue changed from $210.95 million in 2022 to $221.98 million in 2024, a change of 5.2%.

How much debt does Alerus Financial have?

Alerus Financial's total liabilities were at $4.77 billion at the end of 2024, a 34.7% increase from 2023, and a 39.3% increase since 2022.

How much cash does Alerus Financial have?

In the past 2 years, Alerus Financial's cash and equivalents has ranged from $58.24 million in 2022 to $129.89 million in 2023, and is currently $61.24 million as of their latest financial filing in 2024.

How has Alerus Financial's book value per share changed over the last 2 years?

Over the last 2 years, Alerus Financial's book value per share changed from 17.86 in 2022 to 19.55 in 2024, a change of 9.5%.

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This page (NASDAQ:ALRS) was last updated on 5/22/2025 by MarketBeat.com Staff

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Alerus Financial (ALRS) Financials

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Alerus Financial (ALRS) Financials

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