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ALRS| Name | Value |
|---|---|
| Revenues | 50.2M |
| Cost of Revenue | -30.4M |
| Gross Profit | 80.6M |
| Operating Expense | 50.2M |
| Operating I/L | 6.8M |
| Other Income/Expense | 0.0M |
| Interest Income | 52.2M |
| Pretax | 6.8M |
| Income Tax Expense | 1.6M |
| Net Income/Loss | 5.2M |
Alerus Financial Corporation, through its subsidiary, Alerus Financial, National Association, provides a wide range of financial services to businesses and consumers. The company operates in four segments: Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. It offers various deposit and treasury management products, commercial and consumer lending products, retirement plan administration and investment advisory services, as well as financial planning, investment management, and trust services. Additionally, it provides debit and credit cards, online and mobile banking, payment, private banking, and government health insurance program services. Alerus Financial Corporation generates revenue primarily through interest income, fees, and commissions from its financial products and services.
