SequelSEC

ALERUS FINANCIAL CORP ALRS

National Commercial Banks · CIK 0000903419 · Fiscal year ends 1231 · Bank

AnnualQuarterlyTTM
Revenue
Unavailable
Fiscal year ended 2026-06-30
Net income
$20.86M
Fiscal year ended 2026-06-30
Total assets
$5.29B
Fiscal year ended 2026-06-30

ALERUS FINANCIAL CORP (ALRS) reported net income of $20.86M for the fiscal year ended 2026-06-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from ALERUS FINANCIAL CORP’s SEC filings, each linked to the filing it came from. It is classified by the SEC under National Commercial Banks.

Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.

Income

ALERUS FINANCIAL CORP income by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-31
RevenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating incomeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Net income$20.86M$22.97M-$33.05M$16.92M$20.25M$13.32M-$66.00K$5.21M$6.21M$6.43M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 25.40Mshares 25.68MUnavailableshares 25.71Mshares 25.71Mshares 25.65MUnavailableshares 20.08Mshares 20.05Mshares 19.99M
Pretax income$27.28M$30.25M-$43.35M$22.02M$26.36M$17.56M-$291.00K$6.80M$8.13M$8.52M
Income tax expense$6.41M$7.28M-$10.30M$5.10M$6.10M$4.25M-$225.00K$1.59M$1.92M$2.09M
Diluted EPS$0.81$0.89Unavailable$0.65$0.78$0.52Unavailable$0.26$0.31$0.32
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

ALERUS FINANCIAL CORP balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-31
Cash & equivalents$109.01M$128.83M$67.19M$92.04M$80.90M$82.98M$61.24M$65.98M$438.14M$545.77M
Total assets$5.29B$5.29B$5.23B$5.33B$5.32B$5.34B$5.26B$4.36B$4.36B$4.34B
Current assetsUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total liabilities$4.71B$4.71B$4.67B$4.78B$4.79B$4.83B$4.77B$3.70B$3.99B$3.97B
Current liabilitiesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total equity incl. NCI$583.14M$574.69M$564.93M$550.69M$533.16M$514.23M$495.41M$386.49M$373.23M$371.64M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Goodwill$85.63M$85.63M$85.63M$85.63M$85.63M$85.63M$85.63M$46.78M$46.78M$46.78M
Long-term debt$59.24M$59.21M$59.18M$59.15M$59.13M$59.10M$59.07M$59.04M$59.01M$58.98M
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

ALERUS FINANCIAL CORP cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-31
Operating cash flow$18.60M$27.81M$16.34M$32.78M$10.69M$7.72M$2.30M$20.19M-$12.46M$11.71M
Capital expenditures$686.00K$2.03M$1.05M$2.47M$3.13M$2.05M$5.04M$2.76M$3.68M$881.00K
Investing cash flow-$14.72M-$1.64M$75.96M$23.45M$25.84M-$48.70M-$92.70M-$102.99M-$105.01M-$22.11M
Financing cash flow-$23.69M$35.46M-$117.15M-$45.10M-$38.61M$62.72M$85.66M-$289.36M$9.84M$426.28M
Net change in cash-$19.81M$61.63M-$24.85M$11.14M-$2.08M$21.74M-$4.74M-$372.17M-$107.63M$415.88M
Stock-based compensation$928.00K$751.00K$672.00K$780.00K$648.00K$599.00K$448.00K$488.00K$121.00K$593.00K
Common dividends paid$5.60M$5.08M$5.08M$5.34M$5.34M$5.07M$3.96M$3.96M$3.76M$3.76M
Common share repurchases$7.11M$6.54M$219.00K$342.00K$49.00K$127.00K$44.00K$76.00K$3.00K$153.00K
Depreciation & amortization$3.38M$3.28M$3.77M$3.88M$3.82M$3.84M$3.39M$2.18M$2.17M$2.10M

Derived

ALERUS FINANCIAL CORP derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-31
Free cash flow$17.92M$25.79M$15.29M$30.32M$7.56M$5.66M-$2.73M$17.42M-$16.14M$10.83M
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
FCF marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
SBC / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Current ratioUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Revenue YoY growthUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Net marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt / equity0.10x0.10x0.10x0.11xUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate23.5%24.1%Unavailable23.2%23.2%24.2%Unavailable23.4%23.7%24.5%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open ALRS in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-03View SEC filing
10-Q · Filed 2026-05-01View SEC filing
10-K · Filed 2026-03-04View SEC filing
10-Q · Filed 2025-11-05View SEC filing
10-Q · Filed 2025-08-05View SEC filing
10-Q · Filed 2025-05-06View SEC filing

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Reconciliation checks needing review

2 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

balance equationreview2024-09-30

Difference 273983000 exceeds tolerance 4358623.000. Presentation or filing-vintage differences need review.

balance equationreview2023-09-30

Difference 36160000 exceeds tolerance 3832978.000. Presentation or filing-vintage differences need review.