ALERUS FINANCIAL CORPALRSEarnings & Financial Report

Nasdaq · financial services

Alerus Financial Corporation, marketed as simply Alerus, is a chain of financial institutions headquartered in Grand Forks, North Dakota, with locations in North Dakota, Minnesota, Wisconsin, and Arizona. Alerus offers banking, mortgage, wealth management, and retirement services.

NextMar 31, 2026

Revenue

$43.1M

Gross Profit

N/A

Operating Profit

$22.0M

Net Profit

$16.9M

Gross Margin

N/A

Operating Margin

51.1%

Net Margin

39.2%

YoY Growth

91.4%

EPS

$0.65

Financial Flow

ALERUS FINANCIAL CORP Q3 2025 Financial Summary

ALERUS FINANCIAL CORP reported revenue of $43.1M for Q3 2025, with a net profit of $16.9M (39.2% margin). Cost of goods sold was N/A, operating expenses totaled N/A.

Key Financial Metrics

Total Revenue	$43.1M
Net Profit	$16.9M
Gross Margin	N/A
Operating Margin	51.1%
Report Period	Q3 2025

ALERUS FINANCIAL CORP Annual Revenue by Year

ALERUS FINANCIAL CORP annual revenue history includes year-by-year totals (for example, 2024 revenue was $107.0M).

Year	Annual Revenue
2024	$107.0M
2023	$87.8M
2022	$99.7M

Income Statement

	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Revenue	$21.6M	$22.2M	$24.0M	$22.5M	$38.3M	$41.2M	$43.0M	$43.1M
YoY Growth	-20.1%	-6.1%	7.9%	10.5%	77.6%	85.2%	79.3%	91.4%

Balance Sheet

	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Assets	$3.91B	$4.34B	$4.36B	$4.08B	$5.26B	$5.34B	$5.32B	$5.33B
Liabilities	$3.54B	$3.97B	$3.99B	$3.70B	$4.77B	$4.83B	$4.79B	$4.78B
Equity	$369.1M	$371.6M	$373.2M	$386.5M	$495.4M	$514.2M	$533.2M	$550.7M