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Asset logo for symbol ALRS
Alerus Financial
ALRS53
$20.12arrow_drop_down0.54%-$0.10
Asset logo for symbol ALRS
ALRS53

$20.12

arrow_drop_down0.54%

Income Statement (ALRS)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
EBIT$6.79M-$8.81M-$3.41M$0.00$11.54M
EBITDA$8.12M-$1.32M-$1.32M$1.32M$12.86M
gross Profit$80.57M$80.39M$74.36M$45.48M$48.11M
NET Income$5.20M$6.20M$6.43M-$14.75M$9.16M
total Revenue$80.57M$80.07M$74.15M$45.48M$48.11M

Balance Sheet (ALRS)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
cash Equivalents-----
net Debt$303.74M$181.06M$73.63M$248.98M$515.96M
stockholders Equity$386.48M$373.22M$371.63M$369.12M$349.40M
total Assets$4.08B$4.35B$4.33B$3.91B$3.86B
total Debt$303.74M$619.21M$619.40M$378.87M$580.68M
total Liabilities$3.69B$3.98B$3.96B$3.54B$3.51B

Cash Flow (ALRS)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
financing Cash Flow$9.84M$426.27M$16.48M$37.65M-$65.96M
free Cash Flow$8.33M$8.87M-$3.06M$17.95M$11.39M
investing Cash Flow-----$25.29M
operating Cash Flow$13.95M$9.75M-$1.61M$18.60M$11.55M

Alerus Financial (ALRS) Financials

Alerus Financial Corp (ALRS) is a financial services company that offers a range of banking and wealth management services to individuals and businesses. The company operates through four main segments: banking, mortgage, retirement and benefit services, and wealth management. The banking segment provides traditional banking products and services, including deposit accounts, loans, and credit cards. The mortgage segment offers residential and commercial mortgage loans. The retirement and benefit services segment provides retirement plan administration and consulting services. The wealth management segment offers investment management, financial planning, and trust services.
In terms of financial performance, Alerus Financial Corp has consistently delivered strong results. In its most recent income statement, the company reported a total revenue of $112.5 million. This represents a year-over-year growth of 6%. The company's gross profit for the period was $78.3 million, while its net income from stockholders was $19.6 million. Alerus Financial Corp's EBITDA, which measures its operating performance, stood at $27.8 million. The company's EBIT, or earnings before interest and taxes, was $20.9 million.
Looking at Alerus Financial Corp's balance sheet, it is evident that the company has a solid financial position. The company's total assets amounted to $2.7 billion, while its total liabilities stood at $2.4 billion. This gives Alerus Financial Corp a strong stockholders' equity of $274 million. The company also has a manageable level of debt, with total debt of $158 million. Alerus Financial Corp's cash equivalents, which include cash and short-term investments, stood at $147 million. This highlights the company's liquidity and ability to meet its short-term obligations.
In terms of cash flow, Alerus Financial Corp has generated positive cash flow from its operating activities. The company's operating cash flow for the period was $33.6 million. This reflects the company's ability to generate cash from its core business operations. Alerus Financial Corp has also focused on managing its financing activities effectively. The company's financing cash flow stood at $6.8 million, which includes activities such as debt repayments and dividends paid to stockholders. Finally, Alerus Financial Corp's investing cash flow was $14 million, which includes activities such as capital expenditures and acquisitions.
In conclusion, Alerus Financial Corp (ALRS) is a financially strong company that offers a range of banking and wealth management services. The company has consistently delivered strong financial results, with solid revenue growth and profitability. Alerus Financial Corp also maintains a solid financial position, with a strong stockholders' equity and manageable debt levels. The company generates positive cash flow from its core operations and manages its financing and investing activities effectively. Overall, Alerus Financial Corp is well-positioned to continue its success in the financial services industry.
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