ALRS
Alerus Financial Corp
NASDAQ: ALRS · FINANCIAL SERVICES · BANKS - REGIONAL
$26.94
+4.62% today
Updated 2026-04-30
Market cap
$658.18M
P/E ratio
37.87
P/S ratio
2.94x
EPS (TTM)
$0.68
Dividend yield
3.19%
52W range
$19 – $27
Volume
0.1M
Alerus Financial Corp (ALRS) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $69.91M | $78.40M | $79.03M | $75.44M | $88.30M | $97.34M | $127.38M | $124.23M | $125.82M | $140.19M | $172.59M | $176.45M | $188.30M | $204.64M | $239.77M | $235.79M | $224.58M | $243.26M | $338.29M | $327.86M |
| Revenue growth (YoY) | — | +12.1% | +0.8% | -4.5% | +17.0% | +10.2% | +30.9% | -2.5% | +1.3% | +11.4% | +23.1% | +2.2% | +6.7% | +8.7% | +17.2% | -1.7% | -4.8% | +8.3% | +39.1% | -3.1% |
| Cost of revenue | $24.92M | $21.72M | $79.03M | $75.44M | $17.61M | $11.24M | $5.42M | $4.91M | $2.92M | $7.66M | $10.06M | $11.25M | $21.09M | $26.06M | $23.16M | $2.06M | $15.85M | $79.10M | $132.68M | $107.69M |
| Gross profit | $44.99M | $56.68M | $61.98M | $57.06M | $88.30M | $97.34M | $127.38M | $119.32M | $122.90M | $132.53M | $162.53M | $165.20M | $167.21M | $178.58M | $216.61M | $233.74M | $208.77M | $164.16M | $205.61M | $220.16M |
| Gross margin | 64.4% | 72.3% | 78.4% | 75.6% | 100.0% | 100.0% | 100.0% | 96.0% | 97.7% | 94.5% | 94.2% | 93.6% | 88.8% | 87.3% | 90.3% | 99.1% | 93.0% | 67.5% | 60.8% | 67.2% |
| R&D | — | — | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $25.89M | $29.64M | $34.85M | $36.95M | $44.16M | $45.16M | $59.37M | $63.82M | $65.30M | $77.50M | $86.25M | $67.58M | $69.40M | $74.02M | $89.21M | $93.39M | $80.66M | $76.29M | $87.31M | $97.46M |
| Operating income | $19.11M | $27.04M | $13.95M | $4.12M | $19.62M | $23.01M | $30.30M | $31.95M | $29.77M | $23.79M | $21.18M | $32.52M | $33.04M | $38.90M | $58.52M | $69.08M | $52.18M | $15.85M | $23.16M | $22.59M |
| Operating margin | 27.3% | 34.5% | 17.7% | 5.5% | 22.2% | 23.6% | 23.8% | 25.7% | 23.7% | 17.0% | 12.3% | 18.4% | 17.5% | 19.0% | 24.4% | 29.3% | 23.2% | 6.5% | 6.8% | 6.9% |
| EBITDA | — | — | $13.95M | $11.14M | $19.62M | $23.01M | $30.30M | $39.42M | $37.93M | $32.52M | $32.56M | $42.37M | $41.77M | $47.66M | $67.44M | $77.89M | $60.42M | $24.36M | $38.04M | $39.88M |
| EBITDA margin | 0.0% | 0.0% | 17.7% | 14.8% | 22.2% | 23.6% | 23.8% | 31.7% | 30.1% | 23.2% | 18.9% | 24.0% | 22.2% | 23.3% | 28.1% | 33.0% | 26.9% | 10.0% | 11.2% | 12.2% |
| EBIT | — | — | — | — | $19.62M | $23.01M | $30.30M | $31.95M | $29.77M | $23.79M | $21.18M | $32.52M | $33.04M | $38.90M | $58.52M | $69.08M | $52.18M | $15.85M | $23.16M | $22.59M |
| Interest expense | $0.00 | $0.00 | $1.34M | $1.22M | $10.79M | $6.82M | $4.59M | $3.71M | $3.32M | $3.46M | $7.00M | $7.97M | $12.48M | $18.75M | $12.26M | $5.56M | $15.85M | $77.04M | $114.53M | $107.14M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $7.13M | $10.36M | $9.15M | $7.37M | $5.87M | $10.71M | $16.26M | $20.27M | $20.77M | $17.11M | $14.04M | $15.00M | $25.87M | $29.54M | $44.67M | $52.68M | $40.01M | $11.70M | $17.78M | $17.44M |
| Net income growth (YoY) | — | +45.3% | -11.7% | -19.5% | -20.3% | +82.3% | +51.8% | +24.7% | +2.5% | -17.6% | -18.0% | +6.9% | +72.4% | +14.2% | +51.2% | +17.9% | -24.1% | -70.8% | +52.0% | -1.9% |
| Profit margin | 10.2% | 13.2% | 11.6% | 9.8% | 6.7% | 11.0% | 12.8% | 16.3% | 16.5% | 12.2% | 8.1% | 8.5% | 13.7% | 14.4% | 18.6% | 22.3% | 17.8% | 4.8% | 5.3% | 5.3% |