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Alerus Financial Corporation ALRS Wealth Management — Business Services Software And Technology Expense
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Where this comes from
Reported directly by Alerus Financial Corporation in its filing.
Tagged under the XBRL concept alrs:BusinessServicesSoftwareAndTechnologyExpense.
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) | Banking | Retirement and / Benefit Services | Wealth Advisory / Services | Corporate / Administration | Consolidated |
|---|---|---|---|---|---|
| Noninterest expense | |||||
| Compensation | 11,711 | 7,716 | 3,031 | 1,629 | 24,087 |
| Employee taxes and benefits | 3,127 | 2,138 | 746 | 629 | 6,640 |
| Business services, software and technology expense | 2,737 | 1,867 | 1,097 | 138 | 5,839 |
| Merger and acquisition expense | — | — | — | (34) | (34) |
| Other noninterest expense | 9,818 | 2,888 | 853 | 301 | 13,860 |
| Total noninterest expense | 27,393 | 14,609 | 5,727 | 2,663 | 50,392 |
| Net income (loss) before taxes | $29,383 | $2,797 | $1,510 | $(3,440) | $30,250 |
Item 1 - Consolidated Financial Statements
FAQ
- What is Alerus Financial Corporation's wealth management — business services software and technology expense?
- Alerus Financial Corporation (ALRS) reported wealth management — business services software and technology expense of $1.1M in Q1 2026.
- How has Alerus Financial Corporation's wealth management — business services software and technology expense changed year-over-year?
- Alerus Financial Corporation's wealth management — business services software and technology expense increased by 77.5% year-over-year, from $618K to $1.1M.
- What is the long-term trend for Alerus Financial Corporation's wealth management — business services software and technology expense?
- Over 3 years (2022 to 2025), Alerus Financial Corporation's wealth management — business services software and technology expense has grown at a 20.9% compound annual growth rate (CAGR), from $2.15M to $3.8M.
- What does wealth management — business services software and technology expense mean?
- Operating expenses related to the technology infrastructure, software licenses, and digital platforms used to support wealth management operations. Increasing investment in this area often indicates a focus on digital transformation and improving the client experience.
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