What is Alerus Financial Corporation's pre-tax income?

Alerus Financial Corporation (ALRS) reported pre-tax income of $8.13M in Q2 2024.

How has Alerus Financial Corporation's pre-tax income changed year-over-year?

Alerus Financial Corporation's pre-tax income decreased by 30.1% year-over-year, from $11.64M to $8.13M.

What does pre-tax income mean?

Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

Alerus Financial Corporation ALRS Pre-Tax Income

Discontinued — last reported Q2 '24

Pre-Tax Income at other companies

U.S. BancorpUSB

$2.42B+12.0%

Wells Fargo & CompanyWFC

$5.98B+12.3%

UBS

United BanksharesUBSI

$155.99M+45.9%

Financial InstitutionsFISI

$24.83M+20.4%

SMB

SmartFinancialSMBK

$16.76M+23.6%

FB FinancialFBK

$74.15M+51.9%

Segments

By segment

See full

Retirement And Benefit Services$2.8M+12.4%

Wealth Management$1.51M-27.0%

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$769.69M+43.8%

Enterprise value$942.67M+29.2%

P/E10.5×—

P/S4.5×+1.1×

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:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The official record: Alerus Financial Corporation’s 10-Q, filed August 8, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Alerus Financial Corporation's pre-tax income?: Alerus Financial Corporation (ALRS) reported pre-tax income of $8.13M in Q2 2024.
How has Alerus Financial Corporation's pre-tax income changed year-over-year?: Alerus Financial Corporation's pre-tax income decreased by 30.1% year-over-year, from $11.64M to $8.13M.
What does pre-tax income mean?: Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.