Skip to content
Screener

Alerus Financial Corporation ALRS Banking — Other Noninterest Expense

Similar metrics at other companies

NBT
NBTBBanking — Other Noninterest Expense
$8.08M-16.6%
Peapack-Gladstone Financial logo
PGCBanking — Other Noninterest Expense
$5.41M+14.4%
Orange County Bancorp logo
OBTBanking — Other Noninterest Expense
-$69K-108%
Bank of the James Financial Group logo
BOTJCommunity Banking — Other Noninterest Expense
$400K0.0%
First United logo
FUNCCommunity Banking — Other Noninterest Expense
$4.25M+74.5%
Waterstone Financial logo
WSBFCommunity Banking — Other Noninterest Expense
$741K+59.0%

Other financials

Income statement

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

Balance sheet

See full
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

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

Valuation

See full
Market cap$836.5M+57.3%
Enterprise value$1.01B+19.6%
P/E11.4×

Profitability

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

Returns & leverage

See full
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 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
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)
Other noninterest expense9,8182,88885330113,860
Total noninterest expense27,39314,6095,7272,66350,392
Net income (loss) before taxes$29,383$2,797$1,510$(3,440)$30,250
Total assets$5,183,113$30,825$5,948$68,085$5,287,971

Item 1 - Consolidated Financial Statements

FAQ

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.

Ask your AI about Alerus Financial Corporation's banking — other noninterest expense.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude