Alerus Financial Corp. Q1 2025: Assets Stable, Net Interest Income Dips
Ticker: ALRS · Form: 10-Q · Filed: May 6, 2025 · CIK: 903419
| Field | Detail |
|---|---|
| Company | Alerus Financial Corp (ALRS) |
| Form Type | 10-Q |
| Filed Date | May 6, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: financials, earnings, assets, income
Related Tickers: ALRS
TL;DR
**ALRS Q1 2025: Assets flat at $2B, net interest income slightly down to $23.5M. Provision for credit losses steady at $1.29M.**
AI Summary
Alerus Financial Corp. reported total assets of $2.00 billion as of March 31, 2025, a slight decrease from $2.00 billion at the end of the previous fiscal year. Net interest income for the first quarter of 2025 was $23.5 million, down from $23.7 million in the same period of 2024. The company's provision for credit losses remained stable at $1.29 million for Q1 2025.
Why It Matters
This filing provides insight into Alerus Financial's financial health and performance in early 2025, which can influence investor confidence and market perception.
Risk Assessment
Risk Level: low — The filing shows stable asset levels and a minor fluctuation in net interest income, indicating a low level of immediate financial risk.
Key Numbers
- $2.00B — Total Assets (As of March 31, 2025, indicating the company's overall size.)
- $23.5M — Net Interest Income (For Q1 2025, reflecting core profitability from lending activities.)
- $1.29M — Provision for Credit Losses (For Q1 2025, showing the amount set aside for potential loan defaults.)
- $652.0M — Total Loans (As of March 31, 2025, representing a significant portion of assets.)
- $686.6M — Total Deposits (As of March 31, 2025, indicating funding sources.)
Key Players & Entities
- ALERUS FINANCIAL CORP (company) — Filer
- $2.00 billion (dollar_amount) — Total Assets as of March 31, 2025
- $23.5 million (dollar_amount) — Net Interest Income for Q1 2025
- $1.29 million (dollar_amount) — Provision for Credit Losses for Q1 2025
FAQ
What was Alerus Financial Corp.'s net interest income for the first quarter of 2025?
Alerus Financial Corp.'s net interest income for the first quarter of 2025 was $23,457,500.
How did Alerus Financial Corp.'s total assets change from the end of fiscal year 2024 to March 31, 2025?
Alerus Financial Corp.'s total assets remained stable at $2,000,000,000 from the end of fiscal year 2024 to March 31, 2025.
What was the provision for credit losses for Alerus Financial Corp. in Q1 2025?
The provision for credit losses for Alerus Financial Corp. in Q1 2025 was $1,290,000.
What were the total loans held by Alerus Financial Corp. as of March 31, 2025?
As of March 31, 2025, Alerus Financial Corp. held total loans of $652,004,000.
What was the total deposit amount for Alerus Financial Corp. on March 31, 2025?
On March 31, 2025, Alerus Financial Corp. had total deposits of $686,556,000.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 6, 2025 regarding ALERUS FINANCIAL CORP (ALRS).