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Alerus Financial (ALRS) Revenue & Revenue Breakdown

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Alerus Financial Revenue Highlights

0

Latest Revenue (Q)

$-51.23M

Main Segment (Y)

Retirement and Benefit Services

Alerus Financial Revenue by Period

Alerus Financial Revenue by Year

DateRevenueChange
2024-12-31--100.00%
2023-12-31$166.01M-20.48%
2022-12-31$208.77M-9.32%
2021-12-31$230.24M0.90%
2020-12-31$228.18M22.75%
2019-12-31$185.89M5.73%
2018-12-31$175.82M10.09%
2017-12-31$159.71M2.93%
2016-12-31$155.16M13.48%
2015-12-31$136.73M11.61%
2014-12-31$122.50M1.65%
2013-12-31$120.52M-5.39%
2012-12-31$127.38M30.86%
2011-12-31$97.34M10.24%
2010-12-31$88.30M-

Alerus Financial generated - in revenue during NA 2024, up -100.00% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

Alerus Financial Revenue by Quarter

DateRevenueChange
2025-06-30$-51.23M-153.77%
2025-03-31$95.28M-1.44%
2024-12-31$96.67M21.00%
2024-09-30$79.89M-0.04%
2024-06-30$79.93M8.13%
2024-03-31$73.92M64.33%
2023-12-31$44.98M-35.51%
2023-09-30$69.76M5.85%
2023-06-30$65.90M5.34%
2023-03-31$62.56M3.03%
2022-12-31$60.72M3.14%
2022-09-30$58.88M10.73%
2022-06-30$53.17M2.55%
2022-03-31$51.85M-9.73%
2021-12-31$57.44M0.14%
2021-09-30$57.36M-1.34%
2021-06-30$58.13M-7.53%
2021-03-31$62.87M0.88%
2020-12-31$62.32M-8.50%
2020-09-30$68.11M12.78%
2020-06-30$60.40M22.87%
2020-03-31$49.15M-4.66%
2019-12-31$51.56M-1.71%
2019-09-30$52.45M-0.45%
2019-06-30$52.69M9.92%
2019-03-31$47.94M-1.80%
2018-12-31$48.82M1.66%
2018-09-30$48.02M0.23%
2018-06-30$47.91M8.30%
2018-03-31$44.24M2.05%
2017-12-31$43.35M6.26%
2017-09-30$40.80M-1.40%
2017-06-30$41.38M12.29%
2017-03-31$36.85M-9.98%
2016-12-31$40.93M6.78%
2016-09-30$38.33M-3.27%
2016-06-30$39.63M9.29%
2016-03-31$36.26M8.82%
2015-12-31$33.32M-4.22%
2015-09-30$34.79M-4.04%
2015-06-30$36.26M12.03%
2015-03-31$32.36M-5.77%
2014-12-31$34.34M1.26%
2014-09-30$33.92M10.53%
2013-12-31$30.68M-

Alerus Financial generated $-51.23M in revenue during Q2 2025, up -153.77% compared to the previous quarter, and up -69.30% compared to the same period a year ago.

Alerus Financial Revenue Breakdown

Alerus Financial Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22Dec 21Dec 20
Other Noninterest$1.75M$3.50M$353.00K$413.00K$994.00K
Transactional Fees$1.37M$1.43M$1.43M$1.22M$1.25M
Retirement and Benefit Services$64.36M$65.29M$67.14M$71.71M-
Wealth Management$26.17M$21.86M$20.87M$21.05M$17.45M
Deposit Account$1.98M$1.28M$1.43M$1.40M$1.41M
Interchange Fees$2.29M$2.22M$2.25M$2.18M$2.14M
Retirement And Benefit Services----$60.96M

Alerus Financial's latest annual revenue breakdown by segment (product or service), as of Dec 24: Retirement and Benefit Services (65.73%), Wealth Management (26.73%), Interchange Fees (2.34%), Deposit Account (2.02%), Other Noninterest (1.79%), and Transactional Fees (1.40%).

Quarterly Revenue by Product

Product/ServiceMar 25Dec 24Sep 24Mar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
Mortgage Banking$1.53M$2.57M-------------
Wealth Management$6.91M$19.49M$6.68M$11.21M$5.45M$5.19M$5.14M$4.85M$5.55M$5.33M$5.63M$5.29M$5.14M$4.99M-
Retirement and Benefit Services$16.11M$48.22M$16.14M$33.92M$15.89M$15.48M$16.60M$16.60M$16.29M$17.65M$18.55M----
Deposit Account$651.00K$1.49M$488.00K$668.00K$311.00K$301.00K$282.00K$377.00K$412.00K$363.00K$370.00K$357.00K$330.00K$338.00K-
Wealth management---$6.12M-----------
Service charges on deposit accounts---$389.00K-----------
Retirement and benefit services---$15.65M-----------
Retirement And Benefit Services------------$18.03M$17.87M$17.25M

Alerus Financial's latest quarterly revenue breakdown by segment (product or service), as of Mar 25: Retirement and Benefit Services (63.94%), Wealth Management (27.41%), Mortgage Banking (6.06%), and Deposit Account (2.58%).

Alerus Financial Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
TCBXThird Coast Bancshares$328.36M$85.56M
FISIFinancial Institutions$313.23M$-69.77M
SHBIShore Bancshares$295.34M$-83.07M
SMBKSmartFinancial$251.12M$74.97M
PGCPeapack-Gladstone Financial$228.13M$29.94M
FMNBFarmers National Banc$227.73M$47.22M
BCALSouthern California Bancorp$179.80M$55.79M
HTBKHeritage Commerce$9.00K$-63.56M
BWBBridgewater Bancshares$980.00$67.57M
ALRSAlerus Financial-$-51.23M

ALRS Revenue FAQ

What is Alerus Financial’s yearly revenue?

Alerus Financial's yearly revenue for 2024 was $0, representing a decrease of -100.00% compared to 2023. The company's yearly revenue for 2023 was $166.01M, representing a decrease of -20.48% compared to 2022. ALRS's yearly revenue for 2022 was $208.77M, representing a decrease of -9.32% compared to 2021.

What is Alerus Financial’s quarterly revenue?

Alerus Financial's quarterly revenue for Q2 2025 was $-51.227M, a -153.77% decrease from the previous quarter (Q1 2025), and a -164.09% decrease year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $95.28M, a -1.44% decrease from the previous quarter (Q4 2024), and a 28.89% increase year-over-year (Q1 2024). ALRS's quarterly revenue for Q4 2024 was $96.67M, a 21.00% increase from the previous quarter (Q3 2024), and a 114.90% increase year-over-year (Q4 2023).

What is Alerus Financial’s revenue growth rate?

Alerus Financial's revenue growth rate for the last 3 years (2022-2024) was -100.00%, and for the last 5 years (2020-2024) was -100.00%.

What are Alerus Financial’s revenue streams?

Alerus Financial's revenue streams in c 24 are Other Noninterest, Transactional Fees, Retirement and Benefit Services, Wealth Management, Deposit Account, and Interchange Fees. Other Noninterest generated $1.75M in revenue, accounting 1.79% of the company's total revenue, down -50.00% year-over-year. Transactional Fees generated $1.37M in revenue, accounting 1.40% of the company's total revenue, down -4.68% year-over-year. Retirement and Benefit Services generated $64.36M in revenue, accounting 65.73% of the company's total revenue, down -1.42% year-over-year. Wealth Management generated $26.17M in revenue, accounting 26.73% of the company's total revenue, up 19.75% year-over-year. Deposit Account generated $1.98M in revenue, accounting 2.02% of the company's total revenue, up 54.38% year-over-year. Interchange Fees generated $2.29M in revenue, accounting 2.34% of the company's total revenue, up 3.11% year-over-year.

What is Alerus Financial’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Alerus Financial was Retirement and Benefit Services. This segment made a revenue of $64.36M, representing 65.73% of the company's total revenue.