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Alerus Financial Corporation ALRS Total noninterest income

Discontinued — last reported Q2 '24

Total noninterest income at other companies

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U.S. BancorpUSB
$3.33B+13.7%
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Wells Fargo & CompanyWFC
$10.31B+13.1%
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AmeriServ FinancialASRV
$4.57M+11.5%
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$10.95M+3.2%
SMB
SmartFinancialSMBK
$7.89M-11.4%
ACNB logo
ACNBACNB
$8.82M+1.6%

Segments

By segment

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Retirement And Benefit Services$17.41M+8.1%
Wealth Management$7.24M+4.8%

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$827.53M+57.3%
Enterprise value$1B+19.6%
P/E11.3×—

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:NoninterestIncome.

The source filing: Alerus Financial Corporation’s 10-Q, filed August 8, 2024.

Filed
Aug 8, 2024
Fiscal quarter
Q2 FY2024
Calendar quarter
Q2 2024
Accession
0001558370-24-011623
(dollars and shares in thousands, except per share data)Three months ended / June 30, 2024Three months ended / June 30, 2023Six months ended / June 30, 2024Six months ended / June 30, 2023
Mortgage banking2,5542,9054,2244,622
Service charges on deposit accounts456311845612
Other1,9231,2233,4153,781
Total noninterest income27,37125,77852,69451,031
Noninterest Expense
Compensation20,26518,84739,59738,005
Employee taxes and benefits5,1344,72411,32210,577
Occupancy and equipment expense1,8151,8373,7223,736

Item 1 - Consolidated Financial Statements

FAQ

What is Alerus Financial Corporation's total noninterest income?
Alerus Financial Corporation (ALRS) reported total noninterest income of $27.37M in Q2 2024.
How has Alerus Financial Corporation's total noninterest income changed year-over-year?
Alerus Financial Corporation's total noninterest income increased by 6.2% year-over-year, from $25.78M to $27.37M.
What is the long-term trend for Alerus Financial Corporation's total noninterest income?
Over 2 years (2021 to 2023), Alerus Financial Corporation's total noninterest income has grown at a -26.2% compound annual growth rate (CAGR), from $147.39M to $80.23M.
What does total noninterest income mean?
All bank revenue sources other than net interest income — service charges, trading revenue, investment banking fees, wealth management fees, and card income.

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