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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$827.53M+57.3%
Enterprise value$1B+19.6%
P/E11.3×

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 us-gaap:Goodwill.

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)March 31, 2026December 31, 2025
Banking$74,111$74,111
Retirement and benefit services11,52311,523
Total goodwill$85,634$85,634

Item 1 - Consolidated Financial Statements

FAQ

What is Alerus Financial Corporation's banking — goodwill?
Alerus Financial Corporation (ALRS) reported banking — goodwill of $74.11M in Q1 2026.
How has Alerus Financial Corporation's banking — goodwill changed year-over-year?
Alerus Financial Corporation's banking — goodwill decreased by 0.0% year-over-year, from $74.11M to $74.11M.
What is the long-term trend for Alerus Financial Corporation's banking — goodwill?
Over 4 years (2021 to 2025), Alerus Financial Corporation's banking — goodwill has grown at a 38.5% compound annual growth rate (CAGR), from $80.52M to $296.44M.
What does banking — goodwill mean?
Represents the intangible asset arising from the acquisition of another business when the purchase price exceeds the fair value of net identifiable assets. It reflects the premium paid for brand reputation, customer relationships, and synergies within the banking segment. Monitoring this value is essential for assessing potential impairment risks and the long-term value of historical acquisitions.

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