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Alerus Financial Corporation ALRS Banking — Other Noninterest 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 us-gaap:OtherNoninterestExpense.

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 — other noninterest expense?
Alerus Financial Corporation (ALRS) reported banking — other noninterest expense of $9.82M in Q1 2026.
How has Alerus Financial Corporation's banking — other noninterest expense changed year-over-year?
Alerus Financial Corporation's banking — other noninterest expense decreased by 8.5% year-over-year, from $10.73M to $9.82M.
What is the long-term trend for Alerus Financial Corporation's banking — other noninterest expense?
Over 3 years (2022 to 2025), Alerus Financial Corporation's banking — other noninterest expense has grown at a 28.5% compound annual growth rate (CAGR), from $18.78M to $39.8M.
What does banking — other noninterest expense mean?
A catch-all category for operational costs not classified as compensation, technology, or acquisition-related expenses, such as occupancy, marketing, and professional services. This metric provides insight into the overhead required to support the banking segment's daily operations. Monitoring this helps identify trends in general administrative efficiency.