Alerus Financial Balance Sheet Health
Financial Health criteria checks 5/6
Alerus Financial has total assets of $4.1B and total equity of $386.5M. Total deposits are $3.3B, and total loans are $3.0B earning a Net Interest Margin of 2.5%. It has insufficient allowance for bad loans, which are currently at 1.6% of total loans. Cash and short-term investments are $80.9M.
Key information
10.6x
Asset to equity ratio
2.5%
Net interest margin
| Total deposits | US$3.32b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 1.6% |
| Allowance for bad loans | Low |
| Current ratio | Low |
| Cash & equivalents | US$80.86m |
Recent financial health updates
No updates
Recent updates
Alerus Financial (NASDAQ:ALRS) Is Increasing Its Dividend To $0.20
May 31
Alerus Financial (NASDAQ:ALRS) Is Increasing Its Dividend To $0.19
May 15Alerus Financial Corporation declares $0.18 dividend
Sep 13Alerus Financial Corporation GAAP EPS of $0.52 misses by $0.03, revenue of $52.02M misses by $2.88M
Jul 27Alerus Financial appoints Jon Hendry as chief technology officer
Jul 20Alerus Financial completes acquisition of Metro Phoenix Bank holding company
Jul 01Alerus Financial (NASDAQ:ALRS) Is Paying Out A Larger Dividend Than Last Year
May 29Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: ALRS's Assets to Equity ratio (10.6x) is moderate.
Allowance for Bad Loans: ALRS has a low allowance for bad loans (82%).
Low Risk Liabilities: 90% of ALRS's liabilities are made up of primarily low risk sources of funding.
Loan Level: ALRS has an appropriate level of Loans to Assets ratio (73%).
Low Risk Deposits: ALRS's Loans to Deposits ratio (90%) is appropriate.
Level of Bad Loans: ALRS has an appropriate level of bad loans (1.6%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 09:24 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Alerus Financial Corporation is covered by 8 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jeffrey Rulis | D.A. Davidson & Co. |
| null null | D.A. Davidson & Co. |
| Brendan Nosal | Hovde Group, LLC |