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Alerus Financial Corporation ALRS Total Revenue

Discontinued — last reported Q2 '24

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Segments

By product

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Retirement And Benefit Services$17.41M+8.1%
Other Noninterest$9.63M+368%
Wealth Management$7.24M+4.8%
Mortgage Banking$3.54M+131%
Interchange Fees$2.29M+3.1%
Transactional Fees$1.37M-10.6%

Other financials

Income statement

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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$836.5M+57.3%
Enterprise value$1.01B+19.6%
P/E11.4×—

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

Calculated from Alerus Financial Corporation’s reported figures.

$24.0Mnet interest income+$27.4Mtotal noninterest income=$51.37M

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
Provision for credit losses4,489—4,489550
Net interest income after provision for credit losses19,51222,23441,73145,342
Noninterest Income
Retirement and benefit services16,07815,89031,73331,372
Wealth management6,3605,44912,47710,644
Mortgage banking2,5542,9054,2244,622
Service charges on deposit accounts456311845612
Other1,9231,2233,4153,781

Item 1 - Consolidated Financial Statements

FAQ

What is Alerus Financial Corporation's total revenue?
Alerus Financial Corporation (ALRS) reported total revenue of $51.37M in Q2 2024.
How has Alerus Financial Corporation's total revenue changed year-over-year?
Alerus Financial Corporation's total revenue increased by 7.0% year-over-year, from $48.01M to $51.37M.
What is the long-term trend for Alerus Financial Corporation's total revenue?
Over 2 years (2021 to 2023), Alerus Financial Corporation's total revenue has grown at a -15.3% compound annual growth rate (CAGR), from $234.49M to $168.07M.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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