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Alerus Financial Corporation ALRS Banking — Business Services Software And Technology Expense
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Where this comes from
Reported directly by Alerus Financial Corporation in its filing.
Tagged under the XBRL concept alrs:BusinessServicesSoftwareAndTechnologyExpense.
The source filing: Alerus Financial Corporation’s 10-Q, filed May 1, 2026.
- Filed
- May 1, 2026, 4:32 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001437749-26-014481
| (dollars in thousands) | Banking | Retirement and / Benefit Services | Wealth Advisory / Services | Corporate / Administration | Consolidated |
|---|---|---|---|---|---|
| Noninterest expense | |||||
| Compensation | 11,711 | 7,716 | 3,031 | 1,629 | 24,087 |
| Employee taxes and benefits | 3,127 | 2,138 | 746 | 629 | 6,640 |
| Business services, software and technology expense | 2,737 | 1,867 | 1,097 | 138 | 5,839 |
| Merger and acquisition expense | — | — | — | (34) | (34) |
| Other noninterest expense | 9,818 | 2,888 | 853 | 301 | 13,860 |
| Total noninterest expense | 27,393 | 14,609 | 5,727 | 2,663 | 50,392 |
| Net income (loss) before taxes | $29,383 | $2,797 | $1,510 | $(3,440) | $30,250 |
Item 1 - Consolidated Financial Statements
FAQ
- What is Alerus Financial Corporation's banking — business services software and technology expense?
- Alerus Financial Corporation (ALRS) reported banking — business services software and technology expense of $2.74M in Q1 2026.
- How has Alerus Financial Corporation's banking — business services software and technology expense changed year-over-year?
- Alerus Financial Corporation's banking — business services software and technology expense decreased by 7.7% year-over-year, from $2.96M to $2.74M.
- What is the long-term trend for Alerus Financial Corporation's banking — business services software and technology expense?
- Over 3 years (2022 to 2025), Alerus Financial Corporation's banking — business services software and technology expense has grown at a 8.9% compound annual growth rate (CAGR), from $9.36M to $12.09M.
- What does banking — business services software and technology expense mean?
- Costs associated with maintaining and upgrading the digital infrastructure, software platforms, and technology services used by the banking segment. As banking becomes increasingly digitized, this metric tracks the investment in operational efficiency and customer-facing technology. It is a vital indicator of the segment's commitment to digital transformation and competitive modernization.
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