ALRS: Alerus Financial Corp Financial Statements
Balance sheet, income statement, and cash flow statements for Alerus Financial Corp (ALRS).
$487.51M Market Cap.
ALRS Market Cap. (MRY)
ALRS Shares Outstanding (MRY)
ALRS Assets (MRY)
Total Assets
$5.26B
Total Liabilities
$4.77B
Total Investments
$4.82B
ALRS Income (MRY)
Revenue
$203.83M
Net Income
$17.78M
Operating Expense
$180.68M
ALRS Cash Flow (MRY)
CF Operations
$28.96M
CF Investing
-$330.03M
CF Financing
$232.42M
ALRS Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $5,261,673,000 (34.65%) | $3,907,713,000 (3.39%) | $3,779,637,000 (11.41%) | $3,392,691,000 (12.57%) |
Assets Current | - | - | - | - |
Assets Non-Current | - | - | - | - |
Goodwill & Intangible Assets | $137,434,000 (108.26%) | $65,993,000 (-8.58%) | $72,185,000 (34.62%) | $53,620,000 (-7.72%) |
Shareholders Equity | $495,410,000 (34.21%) | $369,127,000 (3.43%) | $356,872,000 (-0.70%) | $359,403,000 (8.86%) |
Property Plant & Equipment Net | $53,218,000 (127.66%) | $23,376,000 (2.95%) | $22,707,000 (2.76%) | $22,097,000 (-18.78%) |
Cash & Equivalents | $61,239,000 (-52.85%) | $129,893,000 (123.02%) | $58,242,000 (-75.96%) | $242,311,000 (40.09%) |
Accumulated Other Comprehensive Income | -$73,366,000 (0.39%) | -$73,655,000 (25.33%) | -$98,641,000 (-2218.24%) | -$4,255,000 (-140.00%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $4,816,070,000 (36.76%) | $3,521,488,000 (1.73%) | $3,461,562,000 (16.21%) | $2,978,648,000 (11.98%) |
Investments Current | - | - | - | - |
Investments Non-Current | - | - | - | - |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Receivables | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Payables | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Accumulated Retained Earnings (Deficit) | $273,723,000 (0.37%) | $272,705,000 (-2.75%) | $280,426,000 (10.59%) | $253,567,000 (19.52%) |
Tax Assets | $52,885,000 (52.87%) | $34,595,000 (-18.35%) | $42,369,000 (264.81%) | $11,614,000 (23.44%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $317,020,000 (-16.33%) | $378,877,000 (-14.44%) | $442,825,000 (600.58%) | $63,208,000 (-5.09%) |
Debt Current | - | - | - | - |
Debt Non-Current | - | - | - | - |
Total Liabilities | $4,766,263,000 (34.69%) | $3,538,586,000 (3.38%) | $3,422,765,000 (12.84%) | $3,033,288,000 (13.03%) |
Liabilities Current | - | - | - | - |
Liabilities Non-Current | - | - | - | - |
ALRS Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $203,834,000 (22.78%) | $166,011,000 (-21.30%) | $210,952,000 (-11.36%) | $237,986,000 (7.05%) |
Cost of Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Selling General & Administrative Expense | $124,742,000 (13.58%) | $109,830,000 (-6.25%) | $117,148,000 (-9.57%) | $129,552,000 (3.66%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $180,675,000 (20.32%) | $150,157,000 (-5.42%) | $158,770,000 (-6.00%) | $168,909,000 (3.12%) |
Interest Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Income Tax Expense | $5,379,000 (29.37%) | $4,158,000 (-65.85%) | $12,177,000 (-25.73%) | $16,396,000 (18.44%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $17,780,000 (52.02%) | $11,696,000 (-70.76%) | $40,005,000 (-24.06%) | $52,681,000 (17.92%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | $17,780,000 (52.02%) | $11,696,000 (-70.76%) | $40,005,000 (-24.06%) | $52,681,000 (17.92%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $17,780,000 (52.02%) | $11,696,000 (-70.76%) | $40,005,000 (-24.06%) | $52,681,000 (17.92%) |
Weighted Average Shares | $21,047,000 (5.65%) | $19,922,000 (6.88%) | $18,640,000 (8.44%) | $17,189,000 (0.49%) |
Weighted Average Shares Diluted | $21,321,000 (5.85%) | $20,143,000 (6.67%) | $18,884,000 (7.99%) | $17,486,000 (0.28%) |
Earning Before Interest & Taxes (EBIT) | $23,159,000 (46.08%) | $15,854,000 (-69.62%) | $52,182,000 (-24.46%) | $69,077,000 (18.04%) |
Gross Profit | $203,834,000 (22.78%) | $166,011,000 (-21.30%) | $210,952,000 (-11.36%) | $237,986,000 (7.05%) |
Operating Income | $23,159,000 (46.08%) | $15,854,000 (-69.62%) | $52,182,000 (-24.46%) | $69,077,000 (18.04%) |
ALRS Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$330,033,000 (-534.80%) | -$51,990,000 (82.23%) | -$292,622,000 (29.94%) | -$417,658,000 (22.42%) |
Net Cash Flow from Financing | $232,419,000 (145.28%) | $94,757,000 (1596.03%) | $5,587,000 (-98.34%) | $337,175,000 (-42.81%) |
Net Cash Flow from Operations | $28,960,000 (0.26%) | $28,884,000 (-71.95%) | $102,966,000 (-31.28%) | $149,832,000 (773.34%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$68,654,000 (-195.82%) | $71,651,000 (138.93%) | -$184,069,000 (-365.42%) | $69,349,000 (139.50%) |
Net Cash Flow - Business Acquisitions and Disposals | $8,610,000 (0%) | $0 (0%) | $101,511,000 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | -$333,838,000 (-543.79%) | -$51,855,000 (86.81%) | -$393,281,000 (5.59%) | -$416,581,000 (20.76%) |
Capital Expenditure | -$4,910,000 (-54.74%) | -$3,173,000 (-77.36%) | -$1,789,000 (-4.87%) | -$1,706,000 (55.23%) |
Issuance (Repayment) of Debt Securities | -$76,810,000 (-20.18%) | -$63,910,000 (-116.91%) | $377,877,000 (472246.25%) | $80,000 (138.10%) |
Issuance (Purchase) of Equity Shares | -$276,000 (95.84%) | -$6,638,000 (-799.46%) | -$738,000 (-3.65%) | -$712,000 (-47.72%) |
Payment of Dividends & Other Cash Distributions | -$15,445,000 (-4.20%) | -$14,822,000 (-15.80%) | -$12,800,000 (-19.06%) | -$10,751,000 (-3.50%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $1,650,000 (1.35%) | $1,628,000 (-14.50%) | $1,904,000 (-38.48%) | $3,095,000 (60.61%) |
Depreciation Amortization & Accretion | $14,880,000 (74.85%) | $8,510,000 (3.30%) | $8,238,000 (-6.49%) | $8,810,000 (-1.29%) |
ALRS Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 100.00% (0.00%) | 100.00% (0.00%) | 100.00% (0.00%) | 100.00% (0.00%) |
Profit Margin | 8.70% (24.29%) | 7.00% (-63.16%) | 19.00% (-14.03%) | 22.10% (9.95%) |
EBITDA Margin | 18.70% (27.21%) | 14.70% (-48.60%) | 28.60% (-12.54%) | 32.70% (7.92%) |
Return on Average Equity (ROAE) | 4.40% (33.33%) | 3.30% (-72.50%) | 12.00% (-21.05%) | 15.20% (6.29%) |
Return on Average Assets (ROAA) | 0.40% (33.33%) | 0.30% (-72.73%) | 1.10% (-31.25%) | 1.60% (0.00%) |
Return on Sales (ROS) | 11.40% (20.00%) | 9.50% (-61.54%) | 24.70% (-14.83%) | 29.00% (10.27%) |
Return on Invested Capital (ROIC) | 0.50% (25.00%) | 0.40% (-71.43%) | 1.40% (-39.13%) | 2.30% (4.55%) |
Dividend Yield | 4.10% (24.24%) | 3.30% (10.00%) | 3.00% (36.36%) | 2.20% (0.00%) |
Price to Earnings Ratio (P/E) | 22.91 (-39.64%) | 37.95 (244.55%) | 11.01 (13.60%) | 9.7 (-8.97%) |
Price to Sales Ratio (P/S) | 1.99 (-26.05%) | 2.69 (30.25%) | 2.06 (-2.46%) | 2.12 (0.43%) |
Price to Book Ratio (P/B) | 0.98 (-18.00%) | 1.2 (-8.26%) | 1.31 (-6.70%) | 1.4 (-1.20%) |
Debt to Equity Ratio (D/E) | 9.62 (0.37%) | 9.59 (-0.05%) | 9.59 (13.64%) | 8.44 (3.84%) |
Earnings Per Share (EPS) | 0.84 (42.37%) | 0.59 (-72.17%) | 2.12 (-29.80%) | 3.02 (17.51%) |
Sales Per Share (SPS) | 9.69 (16.22%) | 8.33 (-26.37%) | 11.32 (-18.26%) | 13.85 (6.53%) |
Free Cash Flow Per Share (FCFPS) | 1.14 (-11.46%) | 1.29 (-76.22%) | 5.43 (-37.01%) | 8.62 (665.42%) |
Book Value Per Share (BVPS) | 23.54 (27.03%) | 18.53 (-3.22%) | 19.14 (-8.44%) | 20.91 (8.33%) |
Tangible Assets Book Value Per Share (TABVPS) | 243.47 (26.25%) | 192.84 (-3.05%) | 198.9 (2.39%) | 194.26 (12.43%) |
Enterprise Value Over EBIT (EV/EBIT) | 32 (-46.67%) | 60 (328.57%) | 14 (133.33%) | 6 (-25.00%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 19.32 (-50.90%) | 39.35 (232.58%) | 11.83 (125.97%) | 5.24 (-19.79%) |
Asset Turnover | 0.04 (4.65%) | 0.04 (-28.33%) | 0.06 (-18.92%) | 0.07 (-6.33%) |
Current Ratio | - | - | - | - |
Dividends | $0.79 (5.33%) | $0.75 (7.14%) | $0.7 (11.11%) | $0.63 (5.00%) |
Free Cash Flow (FCF) | $24,050,000 (-6.46%) | $25,711,000 (-74.59%) | $101,177,000 (-31.70%) | $148,126,000 (668.34%) |
Enterprise Value (EV) | $734,917,507 (-23.35%) | $958,744,774 (34.11%) | $714,879,848 (75.31%) | $407,789,495 (-7.38%) |
Earnings Before Tax (EBT) | $23,159,000 (46.08%) | $15,854,000 (-69.62%) | $52,182,000 (-24.46%) | $69,077,000 (18.04%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $38,039,000 (56.13%) | $24,364,000 (-59.68%) | $60,420,000 (-22.43%) | $77,887,000 (15.49%) |
Invested Capital | $5,380,020,000 (31.52%) | $4,090,704,000 (-0.03%) | $4,092,035,000 (29.50%) | $3,159,968,000 (10.90%) |
Working Capital | - | - | - | - |
Tangible Asset Value | $5,124,239,000 (33.38%) | $3,841,720,000 (3.62%) | $3,707,452,000 (11.03%) | $3,339,071,000 (12.97%) |
Market Capitalization | $487,508,507 (10.10%) | $442,784,774 (-5.12%) | $466,702,848 (-7.37%) | $503,852,495 (7.52%) |
Average Equity | $406,689,250 (13.34%) | $358,833,000 (7.32%) | $334,343,500 (-3.52%) | $346,555,750 (10.76%) |
Average Assets | $4,510,757,250 (16.43%) | $3,874,150,500 (9.89%) | $3,525,538,500 (9.52%) | $3,219,211,250 (13.95%) |
Invested Capital Average | $4,618,447,000 (10.15%) | $4,192,951,750 (14.21%) | $3,671,173,250 (22.32%) | $3,001,274,000 (12.26%) |
Shares | 25,338,280 (28.13%) | 19,776,006 (-1.06%) | 19,987,274 (16.15%) | 17,208,077 (0.50%) |
