Alerus Financial (ALRS) Notes Payables (2018 - 2026)
Alerus Financial (ALRS) recorded Notes Payables of $345 million in Q2 2026, up 9.7% from $314.6 million a year earlier and up 72.5% from the prior quarter.
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Analysis
Alerus Financial (ALRS) Notes Payables (2018 - 2026) Analysis & Trends
At the end of FY2025, Alerus Financial reported Notes Payables of $308.8 million, up 29.2% from FY2024.
- Annual Notes Payables has a three-year compound annual growth rate of -6.5% (FY2022 to FY2025).
- Across earlier years, Notes Payables came in at $238.96 million in FY2024 (-23.9%), $314.17 million in FY2023 (-16.9%) and $378.08 million in FY2022.
- The Q2 2026 figure is the highest quarterly Notes Payables since Q2 2024.
- On a year-over-year basis, Notes Payables rose in two of the last eight quarters, with an average decline of 20.4%.
- Peak year-over-year performance for Notes Payables in the last five years was growth of 103.1% in Q3 2023, against a decline of 64.0% in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $200 million (Q1 2026), $308.8 million (Q4 2025) and $200 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Jpmorgan Chase | 895.36 Bn | 924.83 Bn | - |
| 2 | Banco Santander Chile | 425.01 Bn | 544.95 Bn | - |
| 3 | Bank Of America | 389.22 Bn | -1,986.85 Bn | - |
| 4 | Hsbc Holdings | 347.56 Bn | 347.61 Bn | - |
| 5 | Morgan Stanley | 304.44 Bn | -204.66 Bn | - |
| 6 | Royal Bank Of Canada | 281.54 Bn | 132.29 Bn | - |
| 7 | Mitsubishi Ufj Financial | 277.23 Bn | -1,311.26 Bn | 10.89 Bn |
| 8 | Goldman Sachs | 267.12 Bn | -3,289.99 Bn | - |
| 9 | Wells Fargo & Company | 244.76 Bn | 246.90 Bn | - |
| 10 | Alerus Financial | 801.05 Mn | 398.46 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 345.00 Mn |
| Mar 31, 2026 | 200.00 Mn |
| Dec 31, 2025 | 308.80 Mn |
| Sep 30, 2025 | 200.00 Mn |
| Jun 30, 2025 | 314.60 Mn |
| Mar 31, 2025 | 200.00 Mn |
| Dec 31, 2024 | 238.96 Mn |
| Sep 30, 2024 | 244.70 Mn |
| Jun 30, 2024 | 555.00 Mn |
| Mar 31, 2024 | 555.00 Mn |
| Dec 31, 2023 | 314.17 Mn |
| Sep 30, 2023 | 515.47 Mn |
| Jun 30, 2023 | 492.06 Mn |
| Mar 31, 2023 | 372.15 Mn |
| Dec 31, 2022 | 378.08 Mn |
| Sep 30, 2022 | 253.83 Mn |
| Jun 30, 2022 | 242.35 Mn |
| Dec 31, 2018 | 93.46 Mn |
| Sep 30, 2018 | 73.93 Mn |
API Access
Alerus Financial Notes Payables API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=notes-payables&ticker=ALRS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "notes-payables", "ticker": "ALRS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=notes-payables&ticker=ALRS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();