ALRS
Income statement / Annual
Last year (2024), Alerus Financial Corporation's total revenue was $330.41 M,
an increase of 35.88% from the previous year.
In 2024, Alerus Financial Corporation's net income was $17.78 M.
See Alerus Financial Corporation,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$330.41 M |
$243.16 M |
$224.58 M |
$235.79 M |
$239.77 M |
$204.64 M |
$188.30 M |
$176.45 M |
$172.59 M |
$140.19 M |
| Cost of Revenue |
$132.68 M
|
$79.10 M
|
$15.85 M
|
$2.06 M
|
$23.16 M
|
$26.06 M
|
$21.09 M
|
$11.25 M
|
$10.06 M
|
$7.66 M
|
| Gross Profit |
$197.73 M
|
$164.06 M
|
$208.77 M
|
$233.74 M
|
$216.61 M
|
$178.58 M
|
$167.21 M
|
$165.20 M
|
$162.53 M
|
$132.53 M
|
| Gross Profit Ratio |
0.6
|
0.67
|
0.93
|
0.99
|
0.9
|
0.87
|
0.89
|
0.94
|
0.94
|
0.95
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$87.31 M
|
$76.29 M
|
$80.66 M
|
$93.39 M
|
$89.21 M
|
$74.02 M
|
$69.40 M
|
$67.58 M
|
$86.25 M
|
$77.51 M
|
| Selling & Marketing Expenses |
$3.25 M
|
$3.03 M
|
$3.35 M
|
$3.18 M
|
$3.13 M
|
$3.16 M
|
$3.46 M
|
$3.27 M
|
$3.24 M
|
$3.91 M
|
| Selling, General & Administrative Expenses |
$90.56 M
|
$79.32 M
|
$83.91 M
|
$96.57 M
|
$92.34 M
|
$77.18 M
|
$72.86 M
|
$70.85 M
|
$89.48 M
|
$81.41 M
|
| Other Expenses |
$84.01 M
|
$68.89 M
|
$72.55 M
|
$68.09 M
|
$65.75 M
|
$62.50 M
|
$61.31 M
|
$61.84 M
|
$51.87 M
|
$27.33 M
|
| Operating Expenses |
$174.57 M
|
$148.21 M
|
$156.55 M
|
$164.66 M
|
$158.09 M
|
$139.68 M
|
$134.17 M
|
$132.69 M
|
$141.35 M
|
$108.74 M
|
| Cost And Expenses |
$307.25 M
|
$227.31 M
|
$172.40 M
|
$166.72 M
|
$181.25 M
|
$165.75 M
|
$155.26 M
|
$143.93 M
|
$151.42 M
|
$116.40 M
|
| Interest Income |
$221.58 M
|
$164.88 M
|
$115.58 M
|
$92.66 M
|
$96.10 M
|
$93.30 M
|
$87.70 M
|
$75.64 M
|
$69.94 M
|
$56.33 M
|
| Interest Expense |
$114.53 M
|
$77.04 M
|
$15.85 M
|
$5.56 M
|
$12.26 M
|
$18.75 M
|
$12.48 M
|
$7.97 M
|
$7.00 M
|
$3.46 M
|
| Depreciation & Amortization |
$14.88 M
|
$8.51 M
|
$8.24 M
|
$8.81 M
|
$8.93 M
|
$8.77 M
|
$8.73 M
|
$9.86 M
|
$11.39 M
|
$8.73 M
|
| EBITDA |
$38.04 M |
$24.36 M |
$60.42 M |
$77.89 M |
$67.44 M |
$47.66 M |
$41.77 M |
$42.37 M |
$32.55 M |
$32.52 M |
| EBITDA Ratio |
0.12
|
0.1
|
0.27
|
0.33
|
0.28
|
0.23
|
0.22
|
0.24
|
0.19
|
0.23
|
| Operating Income Ratio |
0.07
|
0.07
|
0.23
|
0.29
|
0.24
|
0.19
|
0.18
|
0.18
|
0.12
|
0.17
|
| Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$23.16 M
|
$15.85 M
|
$52.18 M
|
$69.08 M
|
$58.52 M
|
$38.90 M
|
$33.04 M
|
$32.52 M
|
$21.17 M
|
$23.79 M
|
| Income Before Tax Ratio |
0.07
|
0.07
|
0.23
|
0.29
|
0.24
|
0.19
|
0.18
|
0.18
|
0.12
|
0.17
|
| Income Tax Expense |
$5.38 M
|
$4.16 M
|
$12.18 M
|
$16.40 M
|
$13.84 M
|
$9.36 M
|
$7.17 M
|
$17.49 M
|
$7.14 M
|
$6.68 M
|
| Net Income |
$17.78 M
|
$11.70 M
|
$40.01 M
|
$52.68 M
|
$44.68 M
|
$29.54 M
|
$25.87 M
|
$15.00 M
|
$14.03 M
|
$17.11 M
|
| Net Income Ratio |
0.05
|
0.05
|
0.18
|
0.22
|
0.19
|
0.14
|
0.14
|
0.09
|
0.08
|
0.12
|
| EPS |
0.84 |
0.59 |
2.12 |
3.02 |
2.57 |
1.96 |
1.88 |
1.1 |
1.04 |
1.26 |
| EPS Diluted |
0.83 |
0.58 |
2.1 |
2.97 |
2.52 |
1.91 |
1.84 |
1.07 |
1 |
1.21 |
| Weighted Average Shares Out |
$21.05 M
|
$19.92 M
|
$18.64 M
|
$17.19 M
|
$17.11 M
|
$14.74 M
|
$13.76 M
|
$13.65 M
|
$13.50 M
|
$13.41 M
|
| Weighted Average Shares Out Diluted |
$21.32 M
|
$20.14 M
|
$18.88 M
|
$17.49 M
|
$17.44 M
|
$15.09 M
|
$14.06 M
|
$14.01 M
|
$14.00 M
|
$13.95 M
|
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