Alerus Financial Corporation
ALRS · NASDAQ
12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |
|---|---|---|---|---|
| Revenue | $330,406 | $243,160 | $224,584 | $235,794 |
| % Growth | 35.9% | 8.3% | -4.8% | – |
| Cost of Goods Sold | $132,675 | $79,101 | $15,848 | $2,058 |
| Gross Profit | $197,731 | $164,059 | $208,769 | $233,736 |
| % Margin | 59.8% | 67.5% | 93% | 99.1% |
| R&D Expenses | $0 | $0 | $0 | $0 |
| G&A Expenses | $87,311 | $76,290 | $80,656 | $93,386 |
| SG&A Expenses | $90,560 | $79,317 | $83,910 | $96,568 |
| Sales & Mktg Exp. | $3,249 | $3,027 | $3,350 | $3,182 |
| Other Operating Expenses | $84,012 | $68,888 | $72,548 | $68,091 |
| Operating Expenses | $174,572 | $148,205 | $156,554 | $164,659 |
| Operating Income | $23,159 | $15,854 | $52,182 | $69,077 |
| % Margin | 7% | 6.5% | 23.2% | 29.3% |
| Other Income/Exp. Net | $0 | $0 | $0 | $0 |
| Pre-Tax Income | $23,159 | $15,854 | $52,182 | $69,077 |
| Tax Expense | $5,379 | $4,158 | $12,177 | $16,396 |
| Net Income | $17,743 | $11,696 | $40,005 | $52,681 |
| % Margin | 5.4% | 4.8% | 17.8% | 22.3% |
| EPS | 0.84 | 0.59 | 2.12 | 3.02 |
| % Growth | 42.4% | -72.2% | -29.8% | – |
| EPS Diluted | 0.83 | 0.58 | 2.1 | 2.97 |
| Weighted Avg Shares Out | 21,047 | 19,922 | 18,640 | 17,189 |
| Weighted Avg Shares Out Dil | 21,321 | 20,143 | 18,884 | 17,486 |
| Supplemental Information | – | – | – | – |
| Interest Income | $221,579 | $164,883 | $115,577 | $92,657 |
| Interest Expense | $114,534 | $77,044 | $15,848 | $5,558 |
| Depreciation & Amortization | $14,880 | $8,510 | $8,238 | $8,810 |
| EBITDA | $38,039 | $24,364 | $60,420 | $77,887 |
| % Margin | 11.5% | 10% | 26.9% | 33% |