Alerus Financial | 10-Q: FY2025 Q3 Revenue: USD 100.07 M

Revenue: As of FY2025 Q3, the actual value is USD 100.07 M.

EPS: As of FY2025 Q3, the actual value is USD 0.65, beating the estimate of USD 0.586.

EBIT: As of FY2025 Q3, the actual value is USD -21.11 M.

Banking Segment

• Net Interest Income: $43,136 thousand for the three months ended September 30, 2025, compared to $22,542 thousand for the same period in 2024.
• Provision for Credit Losses: No provision for the three months ended September 30, 2025, compared to $1,661 thousand in 2024.
• Noninterest Income: $29,430 thousand for the three months ended September 30, 2025, compared to $28,363 thousand in 2024.
• Noninterest Expense: $50,541 thousand for the three months ended September 30, 2025, compared to $42,447 thousand in 2024.
• Net Income: $16,924 thousand for the three months ended September 30, 2025, compared to $5,207 thousand in 2024.

Retirement and Benefit Services Segment

• Noninterest Income: $16,496 thousand for the three months ended September 30, 2025, compared to $16,144 thousand in 2024.

Wealth Management Segment

• Noninterest Income: $6,560 thousand for the three months ended September 30, 2025, compared to $6,684 thousand in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $51,190 thousand for the nine months ended September 30, 2025, compared to $19,441 thousand in 2024.
• Net Cash Provided by Investing Activities: $595 thousand for the nine months ended September 30, 2025, compared to -$230,115 thousand in 2024.
• Net Cash Used by Financing Activities: -$20,981 thousand for the nine months ended September 30, 2025, compared to $146,756 thousand in 2024.

Future Outlook and Strategy

• Core Business Focus: The company aims to maintain a well-balanced and diversified loan portfolio, with no industry concentrations exceeding 10% of the total loan portfolio as of September 30, 2025.
• Non-Core Business: No specific plans related to divestitures or emerging segments were mentioned in the report.