Alerus Financial Corporation has recently released its 10-Q report, providing a detailed insight into its financial condition and operations. Alerus Financial Corporation operates as the bank holding company for Alerus Financial, National Association, offering various financial services to businesses and consumers in the United States through its Banking, Retirement and Benefit Services, and Wealth segments. The company provides a wide range of services, including demand deposits, loans, retirement and investment advisory services, and online banking.
In the 10-Q report, Alerus Financial Corporation reported total assets of $5.32 billion as of June 30, 2025, compared to $5.26 billion as of December 31, 2024. The company's total liabilities stood at $4.79 billion as of June 30, 2025, with stockholders' equity totaling $533.16 million.
For the three months ended June 30, 2025, Alerus Financial Corporation reported net income of $20.25 million, resulting in basic earnings per common share of $0.79. This is a significant increase from the net income of $6.21 million reported for the same period in 2024. The company's total comprehensive income for the period was $23.66 million.
In terms of cash flows, Alerus Financial Corporation reported net cash provided by operating activities of $18.41 million for the six months ended June 30, 2025. The company also disclosed net cash used in investing activities amounting to $22.86 million and net cash provided by financing activities totaling $24.11 million for the same period.
The company's interest paid for the six months ended June 30, 2025, amounted to $57.57 million, and income taxes paid totaled $0.50 million. Additionally, Alerus Financial Corporation declared cash dividends of $5.34 million, which were not paid during the period.
Following these announcements, the company's shares moved 0.05%, and are now trading at a price of $20.98. If you want to know more, read the company's complete 10-Q report here.
