Financial Snapshot

Revenue
$154.3M
TTM
Gross Margin
Net Earnings
$3.283M
TTM
Current Assets
Current Liabilities
$315.6M
Q3 2024
Current Ratio
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$386.5M
Q3 2024
Cash
Q3 2024
P/E
168.5
Nov 29, 2024 EST
Free Cash Flow
$9.050M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $164.9M $115.6M $92.66M $96.10M $93.30M $87.70M
YoY Change 42.66% 24.74% -3.58% 3.0% 6.38%

Expenses

Cost Of Revenues

No data

Gross Profit

No data

Gross Profit Margin

No data

Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $164.9M $115.6M $92.66M $96.10M $93.30M $87.70M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

No data

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

No data

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

No data

Operating Expenses Total

No data

Operating Profits/Loss

No data

Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.500M $3.000M $3.600M $3.900M $3.600M $3.200M $9.900M $11.40M
YoY Change -16.67% -16.67% -7.69% 8.33% 12.5% -67.68% -13.16%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

No data

Other Expense/Income

No data

Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Interest Expense $77.04M $15.85M $5.558M $12.26M $18.75M $12.48M
YoY Change 386.14% 185.14% -54.65% -34.63% 50.26%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Pretax Income $15.85M $52.18M $69.08M $58.52M $38.90M $33.04M $32.50M $21.20M
YoY Change -69.62% -24.46% 18.04% 50.45% 17.73% 1.66% 53.3%
Income Tax $4.158M $12.18M $16.40M $13.84M $9.356M $7.172M $11.30M $7.100M
% Of Pretax Income 26.23% 23.34% 23.74% 23.66% 24.05% 21.71% 34.77% 33.49%
Net Earnings $11.70M $40.01M $52.68M $44.68M $29.54M $25.87M $15.00M $14.00M
YoY Change -70.76% -24.06% 17.92% 51.24% 14.2% 72.44% 7.14%
Net Earnings / Revenue 7.09% 34.61% 56.86% 46.49% 31.66% 29.49%
Basic Earnings Per Share $0.59 $2.12 $3.02 $2.57 $1.96 $1.88
Diluted Earnings Per Share $0.58 $2.10 $2.97 $2.52 $1.91 $1.84 $877.2K $818.7K

Assets & Liabilities

Cash & Short-Term Investments

No data

Cash & Equivalents

Cash To Operating Expenses Ratio

No data

Inventory

No data

Receivables

No data

Total Short-Term Assets

No data

Property, Plant And Equipment

Long-Term Investments

No data

Total Long-Term Assets

No data

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

No data

Short-Term Debt

Long Term Debt Due

No data

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

No data

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $23.38M $22.71M $22.10M $27.20M $29.00M $21.70M $21.20M $24.30M
YoY Change 2.95% 2.75% -18.75% -6.21% 33.64% 2.36% -12.76%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $14.00K $14.00K $0.00 $0.00 $0.00 $100.0K $400.0K $500.0K
YoY Change 0.0% -100.0% -75.0% -20.0%
Other Assets $34.60M $42.37M $11.60M $9.400M $7.900M $10.10M $9.200M $19.50M
YoY Change -18.35% 265.25% 23.4% 18.99% -21.78% 9.78% -52.82%
Total Long-Term Assets
YoY Change
Total Assets $3.908B $3.780B $3.393B $3.014B $2.357B $2.179B $2.136B $2.050B
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $69.85M $70.36M $53.80M $52.90M $41.00M $30.50M $32.70M $37.00M
YoY Change -0.72% 30.78% 1.7% 29.02% 34.43% -6.73% -11.62%
Deferred Revenue
YoY Change
Short-Term Debt $114.2M $153.1M $0.00 $93.50M $30.00M $700.0K
YoY Change -25.42% -100.0% 211.67% 4185.71%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $184.0M $70.36M $53.80M $52.90M $41.00M $30.50M $32.70M $37.00M
YoY Change 161.55% 30.78% 1.7% 29.02% 34.43% -6.73% -11.62%
Long-Term Debt $58.96M $58.84M $58.90M $58.70M $58.80M $58.80M $58.80M $58.80M
YoY Change 0.19% -0.1% 0.34% -0.17% 0.0% 0.0% 0.0%
Other Long-Term Liabilities $0.00 $100.0K $34.50M $31.50M $29.00M
YoY Change -100.0% -99.71% 9.52% 8.62%
Total Long-Term Liabilities $58.96M $58.84M $58.90M $58.70M $58.90M $93.30M $90.30M $87.80M
YoY Change 0.19% -0.1% 0.34% -0.34% -36.87% 3.32% 2.85%
Total Liabilities $3.539B $3.423B $3.033B $2.684B $2.071B $2.017B $1.988B $1.911B
YoY Change 3.38% 12.84% 13.03% 29.57% 2.71% 1.44% 4.04%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Basic Shares Outstanding 19.92M 18.64M 17.19M 17.11M 14.74M 13.76M
Diluted Shares Outstanding 20.14M 18.88M 17.49M 17.44M 15.09M 14.06M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

Stock Price

Market Cap: $553.13 Million

About ALERUS FINANCIAL CORP

Alerus Financial Corp. engages in the provision of business and consumer financial products and services through its subsidiary, Alerus Financial NA. The company is headquartered in Grand Forks, North Dakota and currently employs 709 full-time employees. The company went IPO on 2001-07-27. Through its subsidiary, Alerus Financial, National Association, it provides financial solutions to businesses and consumers. The company operates in three segments. The Banking segment offers a complete line of loans, deposits, cash management, mortgage loans, and treasury services. The Retirement and Benefit Services segment provides various services, including recordkeeping and administration services to qualified retirement plans; ESOP trustee, recordkeeping, and administration; and investment fiduciary services to retirement plans, among others. The Wealth Management segment provides advisory and planning services, investment management, and trust and fiduciary services. The company operates over 29 banking and wealth offices, with locations in Grand Forks, North Dakota; the Minneapolis-St. Paul, Minnesota metropolitan area; Rochester, Minnesota; southern Minnesota, Marshalltown, Iowa, and others.

Industry: National Commercial Banks Peers: Apollo Global Management, Inc. Equitable Holdings, Inc. Voya Financial, Inc. Jackson Financial Inc. SOURCE CAPITAL /DE/