ALERUS FINANCIAL CORP
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Interest expense | — | — | $77.0M | $15.8M | $5.6M |
| Pretax income | $22.6M | $23.2M | $15.9M | $52.2M | $69.1M |
| Income tax expense | $5.2M | $5.4M | $4.2M | $12.2M | $16.4M |
| Net income | $17.4M | $17.8M | $11.7M | $40.0M | $52.7M |
| Balance Sheet | |||||
| Cash and equivalents | $67.2M | $61.2M | $129.9M | $58.2M | $242.3M |
| Total assets | $5.2B | $5.3B | $3.9B | $3.8B | $3.4B |
| Total liabilities | $4.7B | $4.8B | $3.5B | $3.4B | $3.0B |
| Total debt | $59.2M | $59.1M | $59.0M | $58.8M | $58.9M |
| Stockholders' equity | $564.9M | $495.4M | $369.1M | $356.9M | $359.4M |
| Cash Flow Statement | |||||
| Cash from operations | $67.5M | $21.7M | $26.8M | $103.0M | $149.8M |
| Depreciation and amortization | $15.3M | $9.8M | $8.5M | $8.5M | $3.6M |
| Stock-based compensation | $2.7M | $1.6M | $1.6M | $1.9M | $3.1M |
| Capital expenditure | $8.7M | $12.4M | $3.1M | $1.8M | $1.7M |
| Free cash flow | $58.8M | $9.4M | $23.7M | $101.2M | $148.1M |
| Dividends paid | $20.8M | $15.4M | $14.8M | $12.8M | $10.8M |
| Share repurchases | $737,000 | $276,000 | $6.6M | $738,000 | $712,000 |
| Impairments | $0 | $0 | — | — | — |
Shares outstanding 25.1M · Free float 95.7%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.