What is the long-term trend for Alerus Financial Corporation's total noninterest expense?

Over 2 years (2021 to 2023), Alerus Financial Corporation's total noninterest expense has grown at a -5.7% compound annual growth rate (CAGR), from $168.91M to $150.16M.

Alerus Financial Corporation ALRS Total noninterest expense

Discontinued — last reported Q2 '24

Total noninterest expense at other companies

UBS

United BanksharesUBSI

$152.81M-0.5%

Financial InstitutionsFISI

$35.6M+5.7%

SMB

SmartFinancialSMBK

$32.92M+1.9%

FB FinancialFBK

$95.16M+19.6%

U.S. BancorpUSB

——

Wells Fargo & CompanyWFC

——

Segments

By segment

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Retirement And Benefit Services$14.61M+7.3%

Wealth Management$5.73M+18.4%

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

See full

Operating cash flow$27.8M+261%

CapEx$2.0M-1.3%

Free cash flow$25.8M+356%

Valuation

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Market cap$769.69M+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:NoninterestExpense.

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 total noninterest expense?: Alerus Financial Corporation (ALRS) reported total noninterest expense of $38.75M in Q2 2024.
How has Alerus Financial Corporation's total noninterest expense changed year-over-year?: Alerus Financial Corporation's total noninterest expense increased by 6.5% year-over-year, from $36.37M to $38.75M.
What is the long-term trend for Alerus Financial Corporation's total noninterest expense?: Over 2 years (2021 to 2023), Alerus Financial Corporation's total noninterest expense has grown at a -5.7% compound annual growth rate (CAGR), from $168.91M to $150.16M.