ALERUS FINANCIAL CORP — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that ALERUS FINANCIAL CORP filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $17.44M | Mar 4, 2026 |
| FY2025 | Dec 31, 2024 | $17.78M | Mar 4, 2026 |
| FY2025 | Dec 31, 2023 | $11.70M | Mar 4, 2026 |
| FY2024 | Dec 31, 2022 | $40.01M | Mar 14, 2025 |
| FY2023 | Dec 31, 2021 | $52.68M | Mar 8, 2024 |
| FY2020 | Dec 31, 2020 | $10.18M | Mar 12, 2021 |
| FY2020 | Sep 30, 2020 | $17.66M | Mar 12, 2021 |
| FY2020 | Jun 30, 2020 | $11.47M | Mar 12, 2021 |
| FY2020 | Mar 31, 2020 | $5.36M | Mar 12, 2021 |
| FY2020 | Dec 31, 2019 | $7.65M | Mar 12, 2021 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $67.53M | Mar 4, 2026 |
| FY2025 | Dec 31, 2024 | $21.75M | Mar 4, 2026 |
| FY2025 | Dec 31, 2023 | $26.82M | Mar 4, 2026 |
| FY2024 | Dec 31, 2022 | $102.97M | Mar 14, 2025 |
| FY2023 | Dec 31, 2021 | $149.83M | Mar 8, 2024 |
| FY2022 | Dec 31, 2020 | ($22.25M) | Mar 13, 2023 |
| FY2021 | Dec 31, 2019 | $19.25M | Mar 11, 2022 |
| FY2020 | Dec 31, 2018 | $53.55M | Mar 12, 2021 |
| FY2019 | Dec 31, 2017 | $47.89M | Mar 26, 2020 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $8.70M | Mar 4, 2026 |
| FY2025 | Dec 31, 2024 | $12.37M | Mar 4, 2026 |
| FY2025 | Dec 31, 2023 | $3.07M | Mar 4, 2026 |
| FY2024 | Dec 31, 2022 | $1.79M | Mar 14, 2025 |
| FY2023 | Dec 31, 2021 | $1.71M | Mar 8, 2024 |
| FY2022 | Dec 31, 2020 | $3.81M | Mar 13, 2023 |
| FY2021 | Dec 31, 2019 | $2.90M | Mar 11, 2022 |
| FY2020 | Dec 31, 2018 | $3.75M | Mar 12, 2021 |
| FY2019 | Dec 31, 2017 | $2.95M | Mar 26, 2020 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $5.23B | Mar 4, 2026 |
| FY2025 | Dec 31, 2024 | $5.26B | Mar 4, 2026 |
| FY2025 | Dec 31, 2023 | $3.91B | Mar 4, 2026 |
| FY2024 | Dec 31, 2022 | $3.78B | Mar 14, 2025 |
| FY2023 | Dec 31, 2021 | $3.39B | Mar 8, 2024 |
| FY2022 | Dec 31, 2020 | $3.01B | Mar 13, 2023 |
| FY2021 | Dec 31, 2019 | $2.36B | Mar 11, 2022 |
| FY2020 | Dec 31, 2018 | $2.18B | Mar 12, 2021 |
| FY2019 | Dec 31, 2017 | $2.14B | Mar 26, 2020 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $4.67B | Mar 4, 2026 |
| FY2025 | Dec 31, 2024 | $4.77B | Mar 4, 2026 |
| FY2024 | Dec 31, 2023 | $3.54B | Mar 14, 2025 |
| FY2023 | Dec 31, 2022 | $3.42B | Mar 8, 2024 |
| FY2022 | Dec 31, 2021 | $3.03B | Mar 13, 2023 |
| FY2021 | Dec 31, 2020 | $2.68B | Mar 11, 2022 |
| FY2020 | Dec 31, 2019 | $2.07B | Mar 12, 2021 |
| FY2019 | Dec 31, 2018 | $1.98B | Mar 26, 2020 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $564.93M | Mar 4, 2026 |
| FY2025 | Dec 31, 2024 | $495.41M | Mar 4, 2026 |
| FY2025 | Dec 31, 2023 | $369.13M | Mar 4, 2026 |
| FY2025 | Dec 31, 2022 | $356.87M | Mar 4, 2026 |
| FY2024 | Dec 31, 2021 | $359.40M | Mar 14, 2025 |
| FY2023 | Dec 31, 2020 | $330.16M | Mar 8, 2024 |
| FY2022 | Dec 31, 2019 | $285.73M | Mar 13, 2023 |
| FY2021 | Dec 31, 2018 | $162.46M | Mar 11, 2022 |
| FY2020 | Dec 31, 2017 | $148.10M | Mar 12, 2021 |
| FY2019 | Dec 31, 2016 | $139.22M | Mar 26, 2020 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $85.63M | Mar 4, 2026 |
| FY2025 | Dec 31, 2024 | $85.63M | Mar 4, 2026 |
| FY2024 | Dec 31, 2023 | $46.78M | Mar 14, 2025 |
| FY2023 | Dec 31, 2022 | $47.09M | Mar 8, 2024 |
| FY2022 | Dec 31, 2021 | $31.49M | Mar 13, 2023 |
| FY2021 | Dec 31, 2020 | $30.20M | Mar 11, 2022 |
| FY2020 | Dec 31, 2019 | $27.33M | Mar 12, 2021 |
| FY2019 | Dec 31, 2018 | $27.33M | Mar 26, 2020 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $270.08M | Mar 4, 2026 |
| FY2025 | Dec 31, 2024 | $273.72M | Mar 4, 2026 |
| FY2024 | Dec 31, 2023 | $272.71M | Mar 14, 2025 |
| FY2023 | Dec 31, 2022 | $280.43M | Mar 8, 2024 |
| FY2022 | Dec 31, 2021 | $253.57M | Mar 13, 2023 |
| FY2021 | Dec 31, 2020 | $212.16M | Mar 11, 2022 |
| FY2020 | Dec 31, 2019 | $178.09M | Mar 12, 2021 |
| FY2019 | Dec 31, 2018 | $159.04M | Mar 26, 2020 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $67.19M | Mar 4, 2026 |
| FY2025 | Dec 31, 2024 | $61.24M | Mar 4, 2026 |
| FY2024 | Dec 31, 2023 | $129.89M | Mar 14, 2025 |
| FY2023 | Dec 31, 2022 | $58.24M | Mar 8, 2024 |
| FY2022 | Dec 31, 2021 | $242.31M | Mar 13, 2023 |
| FY2021 | Dec 31, 2020 | $172.96M | Mar 11, 2022 |
| FY2020 | Dec 31, 2019 | $144.01M | Mar 12, 2021 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $59.18M | Mar 4, 2026 |
| FY2025 | Dec 31, 2024 | $59.07M | Mar 4, 2026 |
| FY2024 | Dec 31, 2023 | $58.96M | Mar 14, 2025 |
| FY2023 | Dec 31, 2022 | $58.84M | Mar 8, 2024 |
| FY2022 | Dec 31, 2021 | $58.93M | Mar 13, 2023 |
| FY2021 | Dec 31, 2020 | $58.74M | Mar 11, 2022 |
| FY2020 | Dec 31, 2019 | $58.77M | Mar 12, 2021 |
| FY2019 | Dec 31, 2018 | $58.82M | Mar 26, 2020 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 0 | Mar 4, 2026 |
| FY2025 | Dec 31, 2024 | 0 | Mar 4, 2026 |
| FY2025 | Dec 31, 2023 | 0 | Mar 4, 2026 |
| FY2024 | Dec 31, 2022 | 2 | Mar 14, 2025 |
| FY2023 | Dec 31, 2021 | 3 | Mar 8, 2024 |
| FY2020 | Dec 31, 2020 | 0 | Mar 12, 2021 |
| FY2020 | Sep 30, 2020 | 1 | Mar 12, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Mar 12, 2021 |
| FY2020 | Mar 31, 2020 | 0 | Mar 12, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Mar 12, 2021 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 0 | Mar 4, 2026 |
| FY2025 | Dec 31, 2024 | 0 | Mar 4, 2026 |
| FY2025 | Dec 31, 2023 | 0 | Mar 4, 2026 |
| FY2024 | Dec 31, 2022 | 2 | Mar 14, 2025 |
| FY2023 | Dec 31, 2021 | 2 | Mar 8, 2024 |
| FY2020 | Dec 31, 2020 | 0 | Mar 12, 2021 |
| FY2020 | Sep 30, 2020 | 0 | Mar 12, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Mar 12, 2021 |
| FY2020 | Mar 31, 2020 | 0 | Mar 12, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Mar 12, 2021 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 25.41M | Mar 4, 2026 |
| FY2025 | Dec 31, 2024 | 25.34M | Mar 4, 2026 |
| FY2024 | Dec 31, 2023 | 19.73M | Mar 14, 2025 |
| FY2023 | Dec 31, 2022 | 19.99M | Mar 8, 2024 |
| FY2022 | Dec 31, 2021 | 17.21M | Mar 13, 2023 |
| FY2021 | Dec 31, 2020 | 17.13M | Mar 11, 2022 |
| FY2020 | Dec 31, 2019 | 17.05M | Mar 12, 2021 |
| FY2019 | Dec 31, 2018 | 13.78M | Mar 26, 2020 |