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Alerus Financial Corporation ALRS Banking — Noninterest Income

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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:NoninterestIncome.

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)BankingRetirement and / Benefit ServicesWealth Advisory / ServicesCorporate / AdministrationConsolidated
Net interest income (loss)$45,545$(633)$44,912
Provision for credit losses(4,883)(4,883)
Noninterest income (loss)6,34817,4067,237(144)30,847
Noninterest expense
Compensation11,7117,7163,0311,62924,087
Employee taxes and benefits3,1272,1387466296,640
Business services, software and technology expense2,7371,8671,0971385,839
Merger and acquisition expense(34)(34)

Item 1 - Consolidated Financial Statements

FAQ

What is Alerus Financial Corporation's banking — noninterest income?
Alerus Financial Corporation (ALRS) reported banking — noninterest income of $6.35M in Q1 2026.
How has Alerus Financial Corporation's banking — noninterest income changed year-over-year?
Alerus Financial Corporation's banking — noninterest income increased by 36.6% year-over-year, from $4.65M to $6.35M.
What is the long-term trend for Alerus Financial Corporation's banking — noninterest income?
Over 4 years (2021 to 2025), Alerus Financial Corporation's banking — noninterest income has grown at a 62.0% compound annual growth rate (CAGR), from $6.09M to -$41.97M.
What does banking — noninterest income mean?
Revenue generated from sources other than interest-bearing assets, such as service charges, fees, and commissions. This metric highlights the segment's ability to diversify its income streams beyond traditional lending. It is a critical measure of the segment's fee-based business model and operational versatility.

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