ALERUS FINANCIAL CORPALRSEarnings & Financial Report
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.
Revenue
$74.8M
Gross Profit
N/A
Operating Profit
$26.4M
Net Profit
$20.3M
Gross Margin
N/A
Operating Margin
35.2%
Net Margin
27.1%
YoY Growth
45.6%
EPS
$0.78
ALERUS FINANCIAL CORP Q2 FY2025 Financial Summary
ALERUS FINANCIAL CORP reported revenue of $74.8M (up 45.6% YoY) for Q2 FY2025, with a net profit of $20.3M (up 226.2% YoY) (27.1% margin).
Key Financial Metrics
| Total Revenue | $74.8M |
|---|---|
| Net Profit | $20.3M |
| Gross Margin | N/A |
| Operating Margin | 35.2% |
| Report Period | Q2 FY2025 |
ALERUS FINANCIAL CORP Annual Revenue by Year
ALERUS FINANCIAL CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $261.3M).
| Year | Annual Revenue |
|---|---|
| 2025 | $261.3M |
| 2024 | $222.0M |
| 2023 | $87.8M |
| 2022 | $99.7M |
ALERUS FINANCIAL CORP Quarterly Revenue & Net Profit History
ALERUS FINANCIAL CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $45.2M | +18.0% | $-33.1M | -73.2% |
| Q3 FY2025 | $72.6M | +42.6% | $16.9M | 23.3% |
| Q2 FY2025 | $74.8M | +45.6% | $20.3M | 27.1% |
| Q1 FY2025 | $68.8M | +44.7% | $13.3M | 19.4% |
| Q4 FY2024 | $72.2M | +222.9% | $-67.0K | -0.2% |
| Q3 FY2024 | $50.9M | +4.3% | $5.2M | 10.2% |
| Q2 FY2024 | $51.4M | +7.0% | $6.2M | 12.1% |
| Q1 FY2024 | $47.5M | -2.8% | $6.4M | 13.5% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $47.5M | $51.4M | $50.9M | $72.2M | $68.8M | $74.8M | $72.6M | $45.2M |
| YoY Growth | -2.8% | 7.0% | 4.3% | 222.9% | 44.7% | 45.6% | 42.6% | 18.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $4.34B | $4.36B | $4.36B | $5.26B | $5.34B | $5.32B | $5.33B | $5.23B |
| Liabilities | $3.97B | $3.99B | $3.70B | $4.77B | $4.83B | $4.79B | $4.78B | $4.67B |
| Equity | $371.6M | $373.2M | $386.5M | $495.4M | $514.2M | $533.2M | $550.7M | $564.9M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $11.7M | $-12.5M | $20.2M | $21.7M | $7.7M | $10.7M | $32.8M | $67.5M |