Alerus Financial Corp Income Statement

Income Statement Dec2017 Dec2018 Dec2019 Dec2020 Dec2021 Dec2022 Dec2023 Dec2024
Revenue & Cost
Provisions 3.28M8.61M7.31M10.90M-3.50M2.06M18.14M
Revenue 170.72M63.32M63.81M60.96M71.71M67.14M65.29M64.36M
Interest income
Interest income - Loans 68.80M81.16M85.83M86.42M78.13M89.91M136.92M183.56M
Interest income - Investments 0.71M0.64M1.10M0.93M0.60M1.56M2.96M17.59M
Interest Income - Debt Securities 5.56M4.67M5.58M7.80M13.00M23.26M24.26M19.75M
Interest Income - Total 75.64M87.70M93.30M96.10M92.66M115.58M164.88M221.58M
Interest expenses
Interest Expense - Deposits 3.52M6.99M13.33M8.84M3.66M9.17M53.39M89.24M
Interest Expense - Debt 3.50M3.59M3.61M3.41M1.90M4.34M20.98M22.58M
Interest Expenses 7.97M12.48M18.75M12.26M5.56M15.85M77.04M114.53M
Interest Income - Net 67.67M75.22M74.55M83.85M87.10M99.73M87.84M107.05M
Non-interest income
Interest Income - Total 64.39M66.61M67.24M72.95M90.60M99.73M85.78M88.90M
Financial Services Fees 2.00M2.00M1.97M
Service Charges 1.85M1.81M1.77M
Investment Gain (Loss) -0.01M0.09M0.36M2.74M0.12M-24.64M
Investment Banking Income 11.62M7.32M8.99M
Mortgage Banking 19.75M17.63M25.80M61.64M48.50M16.92M8.41M10.07M
Other Non-Interest Income 5.11M5.01M7.58M5.37M4.60M4.86M8.03M12.35M
Non-Interest Income 103.05M102.75M114.19M149.37M147.39M111.22M80.23M114.93M
Operating Items
Amortization - Intangibles 5.62M4.64M4.10M4.00M4.40M4.80M5.30M6.80M
Depreciation & Amortization - Total 7.61M7.48M7.77M
Research & Development 3.27M3.46M3.16M3.13M3.18M3.35M3.03M3.25M
Wages, Salaries and Other 67.58M69.40M74.02M89.21M93.39M80.66M76.29M87.31M
Restructuring Costs 2.54M9.97M
Other Operating Expenses 131.65M132.87M139.38M160.67M58.59M40.78M26.98M28.16M
Operating Expenses 134.92M136.32M142.54M163.80M168.91M158.77M150.16M180.68M
Operating Income 11.38M6.94M8.17M12.29M14.51M10.96M3.33M4.86M
EBIT 11.38M6.94M8.17M12.29M14.51M10.96M3.33M4.86M
Non-operating items
Non Operating Investment Income -24.64M
Net income details
EBT 32.52M33.04M38.90M58.52M69.08M52.18M15.85M23.16M
Tax Provisions 17.51M7.17M9.36M13.84M16.40M12.18M4.16M5.38M
Profit After Tax 15.00M25.87M29.54M44.67M52.68M40.01M11.70M17.78M
Equity Income 10.76M18.85M19.09M33.21M40.64M26.42M-4.83M
Income from Continuing Operations 15.00M25.87M29.54M44.67M52.68M40.01M11.70M17.78M
Consolidated Net Income 15.00M25.87M29.54M44.67M52.68M40.01M11.70M17.78M
Income towards Parent Company 15.00M25.87M29.54M44.67M52.68M40.01M11.70M17.78M
Net Income towards Common Stockholders 15.00M25.87M29.54M44.67M52.68M40.01M11.70M17.78M
Additional items
EPS (Basic) 1.101.881.962.573.022.120.590.84
EPS (Weighted Average and Diluted) 1.071.841.912.522.972.100.580.83
Shares Outstanding (Weighted Average) 17.07M17.05M17.12M17.21M19.99M19.78M25.34M
Tax Rate 53.86%21.71%24.05%23.66%23.74%23.34%26.23%23.23%