ALRS
Income statement / Annual
Last year (2023), Alerus Financial Corporation's total revenue was $166.17 M,
a decrease of 20.41% from the previous year.
In 2023, Alerus Financial Corporation's net income was $11.70 M.
See Alerus Financial Corporation’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
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 |
12/31/2014 |
| Operating Revenue |
$166.17 M
|
$208.77 M
|
$230.24 M
|
$228.18 M
|
$185.89 M
|
$175.82 M
|
$159.71 M
|
$155.16 M
|
$136.73 M
|
$122.50 M
|
| Cost of Revenue |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Gross Profit |
$166.17 M |
$208.77 M |
$230.24 M |
$228.18 M |
$185.89 M |
$175.82 M |
$159.71 M |
$155.16 M |
$136.73 M |
$122.50 M |
| Gross Profit Ratio |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
| 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 |
$76.29 M
|
$80.66 M
|
$93.39 M
|
$89.21 M
|
$74.02 M
|
$87.27 M
|
$89.88 M
|
$93.71 M
|
$77.51 M
|
$65.30 M
|
| Selling & Marketing
Expenses |
$3.03 M
|
$3.25 M
|
$3.18 M
|
$3.13 M
|
$3.16 M
|
$3.46 M
|
$3.27 M
|
$3.24 M
|
$3.91 M
|
$2.75 M
|
| Selling, General &
Administrative Expenses |
$79.32 M
|
$83.91 M
|
$96.57 M
|
$92.34 M
|
$77.18 M
|
$90.73 M
|
$93.16 M
|
$96.95 M
|
$81.41 M
|
$68.04 M
|
| Other Expenses |
$86.85 M |
-$221.17 M |
-$257.73 M |
-$262.00 M |
-$224.18 M |
-$240.03 M |
-$211.97 M |
-$223.94 M |
-$190.89 M |
-$157.46 M |
| Operating Expenses |
$166.17 M |
-$137.26 M |
-$161.16 M |
-$169.66 M |
-$147.00 M |
-$130.30 M |
-$118.81 M |
-$126.99 M |
-$109.48 M |
-$89.42 M |
| Cost And Expenses |
$166.17 M |
-$137.26 M |
-$161.16 M |
-$169.66 M |
-$147.00 M |
-$130.30 M |
-$118.81 M |
-$126.99 M |
-$109.48 M |
-$89.42 M |
| Interest Income |
$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 |
$54.39 M |
| Interest Expense |
$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 |
$3.32 M |
| Depreciation &
Amortization |
$8.51 M
|
$7.53 M
|
$7.92 M
|
$7.84 M
|
$7.68 M
|
$7.84 M
|
$8.82 M
|
$10.31 M
|
$8.73 M
|
$8.16 M
|
| EBITDA |
$0.00
|
$60.42 M
|
$77.89 M
|
$67.44 M
|
$47.66 M
|
$41.77 M
|
$42.37 M
|
$32.55 M
|
$32.52 M
|
$37.93 M
|
| EBITDA Ratio |
0 |
0.37 |
0.32 |
0.27 |
0.23 |
0.31 |
0.32 |
0.25 |
0.26 |
0.34 |
| Operating Income Ratio
|
0
|
0.34
|
0.3
|
0.26
|
0.21
|
0.26
|
0.26
|
0.18
|
0.2
|
0.27
|
| Total Other
Income/Expenses Net |
$15.85 M
|
-$38.28 M
|
-$34.61 M
|
-$34.90 M
|
-$29.71 M
|
-$8.73 M
|
-$31.01 M
|
-$16.02 M
|
-$32.08 M
|
-$27.87 M
|
| Income Before Tax |
$15.85 M |
$52.18 M |
$69.08 M |
$58.52 M |
$38.90 M |
$33.04 M |
$32.93 M |
$21.17 M |
$23.79 M |
$29.77 M |
| Income Before Tax Ratio
|
0.1
|
0.25
|
0.3
|
0.26
|
0.21
|
0.19
|
0.21
|
0.14
|
0.17
|
0.24
|
| Income Tax Expense |
$4.16 M |
$12.18 M |
$16.40 M |
$13.84 M |
$9.36 M |
$7.17 M |
$17.49 M |
$7.14 M |
$7.29 M |
$9.00 M |
| Net Income |
$11.70 M |
$40.01 M |
$52.68 M |
$44.68 M |
$29.54 M |
$25.87 M |
$15.44 M |
$14.03 M |
$16.50 M |
$20.77 M |
| Net Income Ratio |
0.07 |
0.19 |
0.23 |
0.2 |
0.16 |
0.15 |
0.1 |
0.09 |
0.12 |
0.17 |
| EPS |
0.59 |
2.12 |
3.02 |
2.57 |
1.96 |
1.88 |
1.1 |
1.04 |
1.26 |
1.48 |
| EPS Diluted |
0.58 |
2.1 |
2.97 |
2.52 |
1.91 |
1.84 |
1.07 |
1 |
1.21 |
1.48 |
| Weighted Average Shares
Out |
$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
|
$13.90 M
|
| Weighted Average Shares
Out Diluted |
$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
|
$13.92 M
|
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