Alerus Historical Income Statement

ALRS Stock

USD 19.99 0.17 0.86%

Historical analysis of Alerus Financial income statement accounts such as Selling General Administrative of 71.3 M, Total Revenue of 153.1 M or Gross Profit of 148.1 M can show how well Alerus Financial Corp performed in making a profits. Evaluating Alerus Financial income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Alerus Financial's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Alerus Financial Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Alerus Financial Corp is a good buy for the upcoming year.

Net Income Gross Profit

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alerus Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

About Alerus Income Statement Analysis

Alerus Financial Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Alerus Financial shareholders. The income statement also shows Alerus investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Alerus Financial Income Statement Chart

At this time, Alerus Financial's Interest Expense is comparatively stable compared to the past year. Income Before Tax is likely to gain to about 31.2 M in 2024, whereas Total Revenue is likely to drop slightly above 153.1 M in 2024.

Operating Income Other Operating Expenses Selling And Marketing Expenses Preferred Stock And Other Adjustments Tax Provision Net Interest Income

Operating Income

Operating Income is the amount of profit realized from Alerus Financial Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Alerus Financial Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Alerus Financial Corp. It is also known as Alerus Financial overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.

Most accounts from Alerus Financial's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Alerus Financial Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alerus Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

	2021	2022	2023	2024 (projected)
Gross Profit	230.2M	208.8M	166.2M	148.1M
Total Revenue	230.2M	208.8M	166.2M	153.1M

Gross Profit Total Revenue

Alerus Financial income statement Correlations

	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Operating Income	Cost Of Revenue	Income Before Tax	Net Income	Income Tax Expense	Other Operating Expenses	Ebit	Ebitda	Total Operating Expenses	Total Other Income Expense Net	Depreciation And Amortization	Selling And Marketing Expenses	Net Income From Continuing Ops	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation
Interest Expense		0.11	0.17	0.16	-0.38	-0.31	-0.13	-0.09	-0.43	0.46	-0.65	-0.59	0.9	0.46	-0.18	0.25	0.33	0.26	0.62	0.8	-0.16
Selling General Administrative	0.11		0.83	0.86	0.54	-0.9	0.6	0.56	0.55	0.77	0.45	0.58	-0.22	-0.22	0.38	0.66	0.35	0.53	0.42	0.29	-0.35
Total Revenue	0.17	0.83		0.99	0.77	-0.75	0.86	0.87	0.58	0.91	0.61	0.67	-0.25	-0.33	-0.04	0.49	0.77	0.66	0.73	0.5	-0.63
Gross Profit	0.16	0.86	0.99		0.75	-0.8	0.84	0.85	0.59	0.9	0.6	0.66	-0.25	-0.31	-0.02	0.49	0.73	0.64	0.7	0.49	-0.6
Operating Income	-0.38	0.54	0.77	0.75		-0.39	0.9	0.89	0.78	0.46	0.93	0.93	-0.66	-0.7	-0.03	0.18	0.6	0.5	0.45	0.08	-0.66
Cost Of Revenue	-0.31	-0.9	-0.75	-0.8	-0.39		-0.51	-0.48	-0.4	-0.72	-0.25	-0.36	0.01	-0.04	-0.13	-0.63	-0.32	-0.41	-0.45	-0.39	0.31
Income Before Tax	-0.13	0.6	0.86	0.84	0.9	-0.51		0.98	0.76	0.62	0.81	0.83	-0.45	-0.53	-0.19	0.26	0.76	0.65	0.55	0.18	-0.75
Net Income	-0.09	0.56	0.87	0.85	0.89	-0.48	0.98		0.64	0.65	0.78	0.79	-0.42	-0.52	-0.24	0.26	0.82	0.56	0.6	0.25	-0.77
Income Tax Expense	-0.43	0.55	0.58	0.59	0.78	-0.4	0.76	0.64		0.31	0.81	0.83	-0.61	-0.51	0.11	0.07	0.31	0.66	0.13	-0.14	-0.34
Other Operating Expenses	0.46	0.77	0.91	0.9	0.46	-0.72	0.62	0.65	0.31		0.28	0.35	0.07	-0.07	-0.03	0.52	0.74	0.62	0.77	0.71	-0.45
Ebit	-0.65	0.45	0.61	0.6	0.93	-0.25	0.81	0.78	0.81	0.28		0.99	-0.86	-0.67	0.02	0.07	0.4	0.35	0.11	-0.24	-0.44
Ebitda	-0.59	0.58	0.67	0.66	0.93	-0.36	0.83	0.79	0.83	0.35	0.99		-0.82	-0.66	0.11	0.18	0.39	0.4	0.15	-0.19	-0.44
Total Operating Expenses	0.9	-0.22	-0.25	-0.25	-0.66	0.01	-0.45	-0.42	-0.61	0.07	-0.86	-0.82		0.51	-0.09	0.02	0.05	0.02	0.32	0.58	0.07
Total Other Income Expense Net	0.46	-0.22	-0.33	-0.31	-0.7	-0.04	-0.53	-0.52	-0.51	-0.07	-0.67	-0.66	0.51		-0.41	0.01	-0.36	-0.29	-0.2	0.13	0.42
Depreciation And Amortization	-0.18	0.38	-0.04	-0.02	-0.03	-0.13	-0.19	-0.24	0.11	-0.03	0.02	0.11	-0.09	-0.41		0.2	-0.33	0.03	-0.22	-0.17	0.25
Selling And Marketing Expenses	0.25	0.66	0.49	0.49	0.18	-0.63	0.26	0.26	0.07	0.52	0.07	0.18	0.02	0.01	0.2		0.14	0.31	0.34	0.23	-0.32
Net Income From Continuing Ops	0.33	0.35	0.77	0.73	0.6	-0.32	0.76	0.82	0.31	0.74	0.4	0.39	0.05	-0.36	-0.33	0.14		0.59	0.84	0.65	-0.73
Tax Provision	0.26	0.53	0.66	0.64	0.5	-0.41	0.65	0.56	0.66	0.62	0.35	0.4	0.02	-0.29	0.03	0.31	0.59		0.6	0.4	-0.55
Net Interest Income	0.62	0.42	0.73	0.7	0.45	-0.45	0.55	0.6	0.13	0.77	0.11	0.15	0.32	-0.2	-0.22	0.34	0.84	0.6		0.88	-0.71
Interest Income	0.8	0.29	0.5	0.49	0.08	-0.39	0.18	0.25	-0.14	0.71	-0.24	-0.19	0.58	0.13	-0.17	0.23	0.65	0.4	0.88		-0.34
Reconciled Depreciation	-0.16	-0.35	-0.63	-0.6	-0.66	0.31	-0.75	-0.77	-0.34	-0.45	-0.44	-0.44	0.07	0.42	0.25	-0.32	-0.73	-0.55	-0.71	-0.34

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Alerus Financial Account Relationship Matchups

Alerus Financial income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	18.7M	12.3M	5.6M	15.8M	77.0M	80.9M
Selling General Administrative	74.0M	89.2M	93.4M	80.7M	76.3M	71.3M
Total Revenue	185.9M	228.2M	230.2M	208.8M	166.2M	153.1M
Gross Profit	185.9M	228.2M	230.2M	208.8M	166.2M	148.1M
Operating Income	38.9M	58.5M	69.1M	71.5M	15.9M	15.1M
Income Before Tax	38.9M	58.5M	69.1M	52.2M	15.9M	31.2M
Net Income Applicable To Common Shares	28.9M	44.7M	52.7M	40.0M	46.0M	48.3M
Net Income	29.5M	44.7M	52.7M	40.0M	11.7M	21.9M
Income Tax Expense	9.4M	13.8M	16.4M	12.2M	4.2M	4.0M
Other Operating Expenses	147.0M	169.7M	161.2M	137.3M	166.2M	132.1M
Ebit	38.9M	59.6M	70.0M	52.9M	(2.5M)	(2.4M)
Ebitda	43.0M	67.4M	77.9M	60.4M	5.3M	5.0M
Total Operating Expenses	(147.0M)	(169.7M)	(161.2M)	(137.3M)	166.2M	174.5M
Total Other Income Expense Net	38.9M	(34.9M)	(34.6M)	(38.3M)	15.9M	16.6M
Depreciation And Amortization	4.1M	7.8M	7.9M	7.5M	8.5M	6.6M
Selling And Marketing Expenses	3.2M	3.1M	3.2M	3.3M	3.0M	3.5M
Net Income From Continuing Ops	29.5M	44.7M	52.7M	40.0M	37.4M	32.7M
Tax Provision	9.4M	13.8M	16.4M	12.2M	10.8M	13.0M
Net Interest Income	74.6M	83.8M	87.1M	99.7M	93.3M	88.6M
Interest Income	93.3M	96.1M	92.7M	115.6M	156M	108.2M
Reconciled Depreciation	8.8M	8.9M	4.4M	4.8M	10.3M	6.4M

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Alerus Historical Income Statement

About Alerus Income Statement Analysis

Alerus Financial Income Statement Chart

Operating Income

Other Operating Expenses

Tax Provision

Net Interest Income

Alerus Financial income statement Correlations

Alerus Financial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Alerus Financial income statement Accounts

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Gross Profit	+ 0.99	Total Revenue
Ebitda	+ 0.99	Ebit
Net Income	+ 0.98	Income Before Tax
Ebit	+ 0.93	Operating Income
Ebitda	+ 0.93	Operating Income
Other Operating Expenses	+ 0.91	Total Revenue

Cost Of Revenue	- 0.9	Selling General Administrative
Total Operating Expenses	- 0.86	Ebit
Total Operating Expenses	- 0.82	Ebitda
Cost Of Revenue	- 0.8	Gross Profit
Reconciled Depreciation	- 0.77	Net Income
Reconciled Depreciation	- 0.75	Income Before Tax