Alerus Financial reported revenue of $29.35M and net income of $20.86M for the quarter ended Jun 2026, up 5.9% year over year. This income statement covers 34 quarters of results from Mar 2018 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | Mar2018 | Jun2018 | Sep2018 | Dec2018 | Mar2019 | Jun2019 | Sep2019 | Dec2019 | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & Cost | ||||||||||||||||||||||||||||||||||
| Provisions | -2.00M | -1.50M | 0.77M | -1.12M | 1.33M | -1.25M | 0.55M | 0.19M | 1.51M | 0.80M | 4.49M | 1.66M | 11.95M | 2.41M | 1.12M | 1.14M | -0.52M | -4.88M | 0.49M | |||||||||||||||
| Revenue | 23.68M | 28.37M | 23.34M | 22.25M | 21.83M | 38.95M | 20.98M | 21.65M | 26.71M | 22.88M | 23.83M | 25.45M | 25.89M | 30.64M | 25.19M | 27.72M | 27.23M | 28.64M | 29.11M | 29.35M | ||||||||||||||
| Interest income | ||||||||||||||||||||||||||||||||||
| Interest income - Loans | 18.89M | 19.35M | 17.29M | 17.99M | 25.38M | 29.25M | 30.93M | 33.27M | 34.99M | 37.73M | 39.29M | 41.66M | 42.59M | 60.01M | 61.49M | 63.85M | 63.88M | 64.48M | 58.62M | 62.21M | ||||||||||||||
| Other interest income | 0.18M | 0.17M | 0.12M | 0.16M | 0.75M | 0.54M | 0.73M | 0.76M | 0.72M | 0.74M | 5.00M | 6.34M | 4.85M | 1.40M | 0.82M | 1.10M | 1.52M | 1.16M | 1.09M | 1.00M | ||||||||||||||
| Interest Income - Total | 22.55M | 24.20M | 23.06M | 24.43M | 32.27M | 35.81M | 37.81M | 40.34M | 42.04M | 44.70M | 49.04M | 53.02M | 52.21M | 67.31M | 68.18M | 70.42M | 70.64M | 70.39M | 66.98M | 70.63M | ||||||||||||||
| Interest expenses | ||||||||||||||||||||||||||||||||||
| Interest Expense - Deposits | 0.88M | 0.88M | 0.83M | 0.81M | 1.85M | 5.67M | 9.10M | 12.68M | 14.44M | 17.17M | 20.15M | 21.28M | 22.29M | 25.52M | 23.54M | 22.76M | 24.35M | 22.00M | 19.07M | 18.94M | ||||||||||||||
| Interest Expense - Debt | 0.54M | 0.54M | 0.56M | 0.56M | 0.59M | 0.63M | 0.65M | 0.67M | 0.68M | 0.68M | 0.68M | 0.68M | 0.68M | 0.67M | 0.65M | 0.65M | 0.65M | 0.64M | 0.63M | 1.04M | ||||||||||||||
| Interest Expense - Others | 0.28M | 1.52M | 2.54M | 4.39M | 4.76M | 6.53M | 5.29M | 5.99M | 7.05M | 6.71M | 2.84M | 2.84M | 3.98M | 2.51M | 2.57M | 2.36M | 2.94M | |||||||||||||||||
| Interest ExpensesInterest Expense | 1.42M | 1.42M | 1.39M | 1.65M | 3.96M | 8.85M | 14.15M | 18.11M | 21.64M | 23.14M | 26.82M | 29.02M | 29.67M | 29.02M | 27.02M | 27.39M | 27.51M | 25.21M | 22.07M | 22.91M | ||||||||||||||
| Interest Income - Net | 21.13M | 22.79M | 21.67M | 22.78M | 28.32M | 26.96M | 23.66M | 22.23M | 20.39M | 21.55M | 22.22M | 24.00M | 22.54M | 38.28M | 41.16M | 43.03M | 43.14M | 45.17M | 44.91M | 47.71M | ||||||||||||||
| Non-interest income | ||||||||||||||||||||||||||||||||||
| Interest Income - Total | 23.13M | 24.29M | 21.67M | 22.78M | 28.32M | 26.96M | 23.11M | 22.23M | 20.39M | 20.05M | 22.22M | 19.51M | 20.88M | 26.29M | 40.29M | 43.03M | 43.14M | 45.48M | 49.80M | 47.22M | ||||||||||||||
| Service Charges | ||||||||||||||||||||||||||||||||||
| Investment Gain (Loss) | 0.01M | |||||||||||||||||||||||||||||||||
| Investment Banking Income | 1.40M | 1.44M | 2.06M | 3.05M | 2.45M | 1.65M | 2.76M | 3.53M | 1.03M | 2.36M | 2.24M | |||||||||||||||||||||||
| Mortgage Banking | 11.12M | 7.97M | 4.93M | 6.04M | 3.78M | 2.17M | 1.72M | 2.90M | 2.51M | 1.28M | 1.67M | 2.55M | ||||||||||||||||||||||
| Other Non-Interest Income | 1.23M | 4.01M | 1.20M | 0.94M | 1.40M | 1.32M | 2.56M | 1.22M | 1.69M | 2.56M | 1.49M | 1.92M | 2.47M | 6.45M | 2.44M | 1.93M | 2.23M | 2.82M | 1.74M | 3.59M | ||||||||||||||
| Non-Interest Income | 36.04M | 33.72M | 29.47M | 29.23M | 27.01M | 25.52M | 25.25M | 25.78M | 28.41M | 0.79M | 25.32M | 27.37M | 28.36M | 33.87M | 27.63M | 31.76M | 29.43M | -36.95M | 30.85M | 32.95M | ||||||||||||||
| Operating Items | ||||||||||||||||||||||||||||||||||
| Amortization - Intangibles | 1.10M | 1.07M | 1.10M | 1.10M | 1.32M | 1.37M | 1.32M | 1.32M | 1.32M | 1.33M | 1.32M | 1.32M | 1.32M | 2.80M | 2.71M | 2.71M | 2.71M | 2.38M | 2.00M | 2.00M | ||||||||||||||
| Wages, Salaries and OtherWages | 23.29M | 22.09M | 19.05M | 21.25M | 21.17M | 19.19M | 19.16M | 18.85M | 19.07M | 19.21M | 19.33M | 20.27M | 21.06M | 26.66M | 22.96M | 24.34M | 24.98M | 25.17M | 24.09M | 26.16M | ||||||||||||||
| Restructuring CostsRestructuring | 0.03M | 0.56M | 1.66M | 7.73M | 0.29M | 0.01M | -0.04M | -0.11M | -0.03M | 0.01M | ||||||||||||||||||||||||
| Other Operating ExpensesOther Opex | 1.50M | 1.81M | 1.54M | 2.25M | 3.13M | 1.45M | 1.27M | 1.53M | 1.88M | 1.86M | 1.99M | 2.37M | 4.27M | 10.96M | 3.00M | 2.56M | 2.85M | 3.66M | 3.80M | 3.78M | ||||||||||||||
| Operating ExpensesOpex | 42.04M | 41.28M | 38.07M | 39.98M | 42.77M | 37.95M | 37.87M | 36.37M | 37.26M | 38.65M | 39.02M | 38.75M | 42.45M | 60.46M | 50.37M | 48.44M | 50.54M | 51.88M | 50.39M | 52.88M | ||||||||||||||
| EBIT | 18.55M | 18.15M | 14.46M | 13.67M | 16.52M | 23.38M | 24.64M | 29.75M | 33.19M | 5.32M | 35.34M | 37.15M | 36.47M | 28.73M | 44.59M | 53.75M | 49.53M | -18.14M | 52.31M | 50.19M | ||||||||||||||
| Non-operating items | ||||||||||||||||||||||||||||||||||
| Non Operating Interest Expenses | 1.42M | 1.42M | 1.39M | 1.65M | 3.96M | 8.85M | 14.15M | 18.11M | 21.64M | 23.14M | 26.82M | 29.02M | ||||||||||||||||||||||
| Net income details | ||||||||||||||||||||||||||||||||||
| EBT | 17.13M | 16.73M | 13.07M | 12.02M | 12.56M | 14.53M | 10.49M | 11.64M | 11.54M | -17.82M | 8.52M | 8.13M | 6.80M | -0.29M | 17.56M | 26.36M | 22.02M | -43.35M | 30.25M | 27.28M | ||||||||||||||
| Tax ProvisionsTaxes | 4.06M | 4.03M | 2.89M | 2.73M | 2.94M | 3.62M | 2.31M | 2.54M | 2.38M | -3.06M | 2.09M | 1.92M | 1.59M | -0.23M | 4.25M | 6.10M | 5.10M | -10.30M | 7.28M | 6.41M | ||||||||||||||
| Profit After TaxPAT | 13.07M | 12.71M | 10.18M | 9.29M | 9.62M | 10.91M | 8.19M | 9.10M | 9.16M | -14.76M | 6.43M | 6.21M | 5.21M | -0.07M | 13.31M | 20.25M | 16.92M | -33.05M | 22.97M | 20.86M | ||||||||||||||
| Income from Continuing OperationsIncome (Continuing) | 13.07M | 12.71M | 10.18M | 9.29M | 9.62M | 10.91M | 8.19M | 9.10M | 9.16M | -14.76M | 6.43M | 6.21M | 5.21M | -0.07M | 13.31M | 20.25M | 16.92M | -33.05M | 22.97M | 20.86M | ||||||||||||||
| Consolidated Net IncomeConsol Net Inc. | 13.07M | 12.71M | 10.18M | 9.29M | 9.62M | 10.91M | 8.19M | 9.10M | 9.16M | -14.76M | 6.43M | 6.21M | 5.21M | -0.07M | 13.31M | 20.25M | 16.92M | -33.05M | 22.97M | 20.86M | ||||||||||||||
| Income towards Parent CompanyParent Net Inc | 13.07M | 12.71M | 10.18M | 9.29M | 9.62M | 10.91M | 8.19M | 9.10M | 9.16M | -14.76M | 6.43M | 6.21M | 5.21M | -0.07M | 13.31M | 20.25M | 16.92M | -33.05M | 22.97M | 20.86M | ||||||||||||||
| Net Income towards Common StockholdersNet Income | 13.07M | 12.71M | 10.18M | 9.29M | 9.62M | 10.91M | 8.19M | 9.10M | 9.16M | -14.76M | 6.43M | 6.21M | 5.21M | -0.07M | 13.31M | 20.25M | 16.92M | -33.05M | 22.97M | 20.86M | ||||||||||||||
| Additional items | ||||||||||||||||||||||||||||||||||
| EPS (Basic) | 0.76 | 0.74 | 0.59 | 0.54 | 0.48 | 0.59 | 0.41 | 0.45 | 0.46 | -0.74 | 0.33 | 0.31 | 0.26 | 0.00 | 0.53 | 0.80 | 0.67 | -1.30 | 0.91 | 0.83 | ||||||||||||||
| EPS (Diluted) | 0.75 | 0.73 | 0.58 | 0.53 | 0.48 | 0.58 | 0.40 | 0.45 | 0.46 | -0.73 | 0.32 | 0.31 | 0.26 | 0.00 | 0.52 | 0.79 | 0.66 | -1.29 | 0.89 | 0.82 | ||||||||||||||
| Shares Outstanding | 17.20M | 17.19M | 17.24M | 17.30M | 19.99M | 18.64M | 20.03M | 20.03M | 19.87M | 19.92M | 19.74M | 19.78M | 19.79M | 21.05M | 25.36M | 25.37M | 25.39M | 25.38M | 25.38M | 25.08M | ||||||||||||||
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 17.50M | 17.49M | 17.50M | 17.53M | 20.23M | 18.88M | 20.25M | 20.24M | 20.09M | 20.14M | 19.99M | 20.05M | 20.07M | 21.32M | 25.65M | 25.71M | 25.71M | 25.70M | 25.68M | 25.39M | ||||||||||||||
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 17.21M | 17.21M | 17.29M | 17.31M | 19.99M | 19.99M | 20.07M | 19.91M | 19.85M | 19.73M | 19.78M | 19.78M | 19.79M | 21.05M | 25.37M | 25.39M | 25.40M | 25.41M | 25.21M | 24.99M | ||||||||||||||
| EBITDA | 20.72M | 20.29M | 16.55M | 15.58M | 18.64M | 25.73M | 26.77M | 31.85M | 35.32M | 7.47M | 37.44M | 39.32M | 38.65M | 32.12M | 48.42M | 57.57M | 53.42M | -14.37M | 55.60M | 53.57M |
Pull Alerus Financial's standardized financial statements into your own models, spreadsheets and apps with the Business Quant Financial Statements API. The request below follows the statement, frequency and period selected above. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/statements?ticker=ALRS&statement=IS&frequency=Quarter&period=all&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/statements"
params = {"ticker": "ALRS", "statement": "IS", "frequency": "Quarter", "period": "all", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/statements?ticker=ALRS&statement=IS&frequency=Quarter&period=all&api_key=YOUR_API_KEY");
const data = await res.json();