Alerus Financial Corp. (ALRS)
Nasdaq · National Commercial Banks · Finance, insurance and real estate · CIK 903419 · fiscal year ends in Dec
Closing price $32.99 on 29 Oct 2026; 52-week range $20.93 to $34.12.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $237.2M
- Revenue growth
- -11.0%
- Net income, last twelve months
- $27.7M
- Earnings per share
- $1.08
- Net margin
- 11.7%
- Return on equity
- 4.8%
- Market value
- $824.3M
- Price to earnings
- 30.5x
- Dividend yield
- 2.6%
- Cash
- $109.0M
- Debt
- $404.2M
- Debt to equity
- 0.69
- Shares outstanding
- 25.0M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $224.4M | – | $17.4M | $0.68 | $58.8M | 10-K filed 4 Mar 2026 |
| FY2024 | 31 Dec 2024 | $222.0M | – | $17.8M | $0.83 | $9.4M | 10-K filed 14 Mar 2025 |
| FY2023 | 31 Dec 2023 | $168.1M | – | $11.7M | $0.58 | $23.7M | 10-K filed 8 Mar 2024 |
| FY2022 | 31 Dec 2022 | $211.0M | – | $40.0M | $2.10 | $101.2M | 10-K filed 13 Mar 2023 |
| FY2021 | 31 Dec 2021 | $234.5M | – | $52.7M | $2.97 | $148.1M | 10-K filed 11 Mar 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $80.7M | $20.9M | $0.81 |
| Q1 FY2026 | 31 Mar 2026 | $75.8M | $23.0M | $0.89 |
| Q4 FY2025 | 31 Dec 2025 | $8.2M | -$33.1M | -$1.27 |
| Q3 FY2025 | 30 Sep 2025 | $72.6M | $16.9M | $0.65 |
| Q2 FY2025 | 30 Jun 2025 | $74.8M | $20.3M | $0.78 |
| Q1 FY2025 | 31 Mar 2025 | $68.8M | $13.3M | $0.52 |
| Q4 FY2024 | 31 Dec 2024 | $72.2M | -$67.0K | -$0.06 |
| Q3 FY2024 | 30 Sep 2024 | $50.9M | $5.2M | $0.26 |
Company events
The newest 8-K filings of 100 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 28 Oct 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 27 Aug 2026 | 8-K | Other events | 8.01, 9.01 |
| 29 Jul 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 22 May 2026 | 8-K | Other events | 8.01, 9.01 |
| 19 May 2026 | 8-K | Other events | 8.01, 9.01 |
| 15 May 2026 | 8-K | Shareholder vote | 5.07, 9.01 |
| 29 Apr 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 31 Mar 2026 | 8-K | Material agreement, New debt | 1.01, 2.03, 9.01 |
| 26 Feb 2026 | 8-K | Other events | 8.01, 9.01 |
| 28 Jan 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 29 Dec 2025 | 8-K | Investor update | 7.01, 9.01 |
| 5 Dec 2025 | 8-K | Other events | 8.01, 9.01 |
Every filing
The newest filings with the SEC of 196 held.
| Filed | Form | Period |
|---|---|---|
| 28 Oct 2026 | 8-K | 28 Oct 2026 |
| 10 Sep 2026 | EFFECT | – |
| 2 Sep 2026 | S-3 | – |
| 27 Aug 2026 | 8-K | 26 Aug 2026 |
| 3 Aug 2026 | 10-Q | 30 Jun 2026 |
| 29 Jul 2026 | 8-K | 29 Jul 2026 |
| 22 May 2026 | 8-K | 22 May 2026 |
| 19 May 2026 | 8-K | 19 May 2026 |
| 15 May 2026 | 8-K | 14 May 2026 |
| 1 May 2026 | 10-Q | 31 Mar 2026 |
| 29 Apr 2026 | 8-K | 29 Apr 2026 |
| 1 Apr 2026 | ARS | 31 Dec 2025 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 14 Sep 2026 | Koob Kari, SVP, Controller | Sale outside a trading plan | 597 | $33.13 | $19.8K | 503 | 15 Sep 2026 |
| 1 Sep 2026 | Bolton Jeffrey, Director | Purchase | 1,000 | $32.45 | $32.5K | 15,163 | 2 Sep 2026 |
| 27 May 2026 | Bolton Jeffrey, Director | Purchase | 1,000 | $28.71 | $28.7K | 14,163 | 29 May 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 14 Sep 2026 | Koob Kari, Officer | 597 | $20.0K | 14 Sep 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 26 Mar 2026 | The Vanguard Group | 13G amended | 0% | 0 |
| 30 Jan 2026 | The Vanguard Group | 13G | 5.07% | 1.3M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 978.0K | -23.16% | 5.97 |
| 30 Sep 2026 | 1.3M | -7.37% | 6.05 |
| 15 Sep 2026 | 1.4M | +9.73% | 10.12 |
| 31 Aug 2026 | 1.3M | +0.78% | 9.96 |
| 14 Aug 2026 | 1.2M | +1.7% | 6.85 |
| 31 Jul 2026 | 1.2M | -0.28% | 4.92 |
| 15 Jul 2026 | 1.2M | +9.17% | 5.84 |
| 30 Jun 2026 | 1.1M | +54.49% | 2.83 |
Funds that hold it
From each fund's latest Form 13F.
173 funds held it at 30 Jun 2026: 85 added and 39 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Alerus Financial NA | 2,116,173 | $65.8M | -125,568 |
| BlackRock, Inc. | 1,822,242 | $56.7M | +61,491 |
| Vanguard Capital Management LLC | 945,852 | $29.4M | -15,924 |
| Dimensional Fund Advisors LP | 943,445 | $29.3M | +56,630 |
| Geode Capital Management, LLC | 655,184 | $20.4M | +37,508 |
| State Street Corp. | 561,249 | $17.6M | +68,087 |
| Goldman Sachs Group Inc. | 525,321 | $16.3M | +158,794 |
| M3F, Inc. | 417,108 | $13.0M | 0 |
| Stieven Capital Advisors, L.P. | 382,034 | $11.9M | +43,110 |
| Phocas Financial Corp. | 354,155 | $11.0M | +93,259 |
Peers
Companies in the same industry.
- JPMorgan Chase & Co. (JPM): revenue $199.4B, market value $913.2B
- Bank of America Corp. (BAC): revenue –, market value $358.9B
- Wells Fargo & Company (WFC): revenue $87.2B, market value $254.6B
- Citigroup Inc. (C): revenue $91.4B, market value $211.0B
- Capital One Financial Corp. (COF): revenue $62.0B, market value $128.1B
- Mizuho Financial Group Inc. (MFG): revenue $29.9B, market value $122.0B
- U.S. Bancorp (USB): revenue $29.6B, market value $94.5B
- PNC Financial Services Group, Inc. (PNC): revenue $25.0B, market value $92.5B
- Truist Financial Corp. (TFC): revenue $19.4B, market value $59.1B
- Huntington Bancshares Inc. (HBAN): revenue $10.4B, market value $32.2B