What is Alerus Financial Corporation's net interest income?

Alerus Financial Corporation (ALRS) reported net interest income of $24M in Q2 2024.

How has Alerus Financial Corporation's net interest income changed year-over-year?

Alerus Financial Corporation's net interest income increased by 7.9% year-over-year, from $22.23M to $24M.

What is the long-term trend for Alerus Financial Corporation's net interest income?

Over 2 years (2021 to 2023), Alerus Financial Corporation's net interest income has grown at a 0.4% compound annual growth rate (CAGR), from $87.1M to $87.84M.

Alerus Financial Corporation ALRS Net Interest Income

Discontinued — last reported Q2 '24

Net Interest Income at other companies

U.S. BancorpUSB

$4.26B+4.2%

Wells Fargo & CompanyWFC

$12.1B+5.2%

UBS

United BanksharesUBSI

$282.52M+8.6%

Financial InstitutionsFISI

$51.99M+10.9%

SMB

SmartFinancialSMBK

$45.88M+20.0%

FB FinancialFBK

$145.97M+35.6%

Segments

By segment

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Retirement And Benefit Services$0—

Wealth Management$0—

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:InterestIncomeExpenseNet.

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 net interest income?: Alerus Financial Corporation (ALRS) reported net interest income of $24M in Q2 2024.
How has Alerus Financial Corporation's net interest income changed year-over-year?: Alerus Financial Corporation's net interest income increased by 7.9% year-over-year, from $22.23M to $24M.
What is the long-term trend for Alerus Financial Corporation's net interest income?: Over 2 years (2021 to 2023), Alerus Financial Corporation's net interest income has grown at a 0.4% compound annual growth rate (CAGR), from $87.1M to $87.84M.