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Alerus Financial Corporation ALRS Banking — Business Services Software And Technology Expense

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Other financials

Income statement

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Revenue$51.4M+7.0%
Net income$23.0M+72.5%
EPS (diluted)$0.31-31.1%

Balance sheet

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Cash & equivalents$128.8M+55.3%
Total debt$301.8M+8.7%
Total equity$574.7M+11.8%
Total assets$5.3B-1.0%

Cash flow

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Operating cash flow$27.8M+261%
CapEx$2.0M-1.3%
Free cash flow$25.8M+356%

Valuation

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Market cap$769.19M+43.7%
Enterprise value$942.16M+29.1%
P/E10.5×—
P/S4.5×+1.1×

Profitability

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Net margin18.8%-0.6pp
FCF margin4.4%-41.9pp

Returns & leverage

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Return on equity10.8%—
Debt / equity0.5×0.0×

Where this comes from

Reported directly by Alerus Financial Corporation in its filing.

Tagged under the XBRL concept alrs:BusinessServicesSoftwareAndTechnologyExpense.

The official record: Alerus Financial Corporation’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.