Alerus Financial Corporation (ALRS) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 3, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ALRS SEC filings page.
Alerus Financial Corporation (ALRS) reported $237.2M in revenue over the twelve months to Jun 30, 2026, down 11.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Alerus operates as an asset-heavy financial intermediary where funding structure, not revenue growth, drives earnings quality.
In FY2025, operating cash flow reached$67.5M against net income of$17.4M , showing that reported profit understated cash generation. Free cash flow of$58.8M reinforces the rebound, but the gap indicates that balance-sheet movements or non-cash items mattered more than earnings alone.
Revenue was essentially flat at
The balance sheet expanded substantially after FY2023, yet FY2025 return on assets was only
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Alerus Financial Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Alerus Financial Corporation earned a return on assets of 0.3% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is unchanged from the prior year. Earnings ranks banks on that return over three years, and Alerus Financial Corporation scores 23/100 among other banks.
Alerus Financial Corporation reported revenue of $224.4M in fiscal year 2025, against $222.0M in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Alerus Financial Corporation scores 73/100 among other banks.
Alerus Financial Corporation funded 10.8% of its assets with shareholders' equity at the end of fiscal year 2025, holding $564.9M of equity against $5.2B of assets. Capital ranks banks on that cushion, and Alerus Financial Corporation scores 41/100 among other banks.
Efficiency measures what a bank spends running itself against the revenue that spending brings in, so a lower ratio is the better one. Alerus Financial Corporation scores 12/100 on it among other banks.
Credit Quality measures the money a bank set aside for loans it expects to go bad, against the size of the loan book it set that money aside for. Alerus Financial Corporation scores 93/100 on it among other banks.
Alerus Financial Corporation reported net income of $17.4M in fiscal year 2025, against $17.8M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Alerus Financial Corporation scores 30/100 among other banks.
Alerus Financial Corporation passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Alerus Financial Corporation generates $3.87 in operating cash flow ($67.5M OCF vs $17.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Alerus Financial Corporation generated $80.7M in revenue in Q2 2026. This represents an increase of 7.8% from the same quarter a year earlier. Against the prior quarter it is up 6.5%.
Alerus Financial Corporation reported $20.9M in net income in Q2 2026. This represents an increase of 3.0% from the same quarter a year earlier. Against the prior quarter it is down 9.2%.
Alerus Financial Corporation earned $0.81 per diluted share (EPS) in Q2 2026. This represents an increase of 3.8% from the same quarter a year earlier. Against the prior quarter it is down 9.0%.
Not reported for Q2 2026.
Cash & Balance Sheet
Alerus Financial Corporation generated $17.9M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 136.9% from the same quarter a year earlier. Against the prior quarter it is down 30.5%.
Alerus Financial Corporation held $109.0M in cash against $59.2M in long-term debt as of Q2 2026.
Alerus Financial Corporation paid $0.22 per share in dividends in Q2 2026. This represents an increase of 4.8% from the same quarter a year earlier. Against the prior quarter it is up 4.8%.
Margins & Returns
Alerus Financial Corporation's net profit margin was 25.9% in Q2 2026, showing the share of revenue converted to profit. This is down 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.5 percentage points.
Alerus Financial Corporation's ROE was 3.6% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.4 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Alerus Financial Corporation spent $7.1M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 14402.0% from the same quarter a year earlier. Against the prior quarter it is up 8.7%.
Alerus Financial Corporation invested $686K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 78.1% from the same quarter a year earlier. Against the prior quarter it is down 66.2%.
Not reported for Q2 2026.
ALRS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $80.7M+7.8% | $75.8M+10.1% | $8.2M-88.6% | $72.6M+42.6% | $74.8M+45.6% | $68.8M+44.7% | $72.2M+222.9% | $50.9M+4.3% |
| SG&A Expenses | $52.9M+9.2% | $50.4M+0.1% | $51.9M-14.2% | $50.5M+19.1% | $48.4M+25.0% | $50.4M+29.1% | $60.5M+56.4% | $42.4M+13.9% |
| Interest Expense | $22.9M-16.3% | $22.1M-18.4% | $25.2M-13.1% | $27.5M-7.3% | $27.4M-5.6% | $27.0M+0.8% | $29.0M+25.4% | $29.7M+37.1% |
| Income Tax | $6.4M+5.1% | $7.3M+71.4% | -$10.3M-4476.9% | $5.1M+220.8% | $6.1M+217.4% | $4.2M+103.1% | -$225K+92.7% | $1.6M-33.2% |
| Net Income | $20.9M+3.0% | $23.0M+72.5% | -$33.1M-49232.8% | $16.9M+225.0% | $20.3M+226.2% | $13.3M+107.0% | -$67K+99.5% | $5.2M-43.2% |
| EPS (Basic) | $0.82+3.8% | $0.90+73.1% | -$1.28-2033.3% | $0.66+153.8% | $0.79+154.8% | $0.52+62.5% | -$0.06+91.7% | $0.26-43.5% |
| EPS (Diluted) | $0.81+3.8% | $0.89+71.2% | -$1.27 | $0.65+150.0% | $0.78+151.6% | $0.52+62.5% | -$0.06 | $0.26-42.2% |
| Diluted Shares (Avg) | 25M-1.2% | 26M+0.1% | N/A | 26M+28.1% | 26M+28.2% | 26M+28.4% | N/A | 20M-0.1% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.
ALRS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.3B-0.7% | $5.3B-1.0% | $5.2B-0.6% | $5.3B+22.3% | $5.3B+22.1% | $5.3B+23.1% | $5.3B+34.6% | $4.4B+13.7% |
| Cash & Equivalents | $109.0M+34.7% | $128.8M+55.3% | $67.2M+9.7% | $92.0M+39.5% | $80.9M-81.5% | $83.0M-84.8% | $61.2M-52.9% | $66.0M+1.9% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $85.6M0.0% | $85.6M0.0% | $85.6M0.0% | $85.6M+83.0% | $85.6M+83.0% | $85.6M+83.0% | $85.6M+83.0% | $46.8M0.0% |
| Total Liabilities | $4.7B-1.8% | $4.7B-2.3% | $4.7B-2.1% | $4.8B+29.3% | $4.8B+20.2% | $4.8B+21.7% | $4.8B+34.7% | $3.7B+5.1% |
| Long-Term Debt | $59.2M+0.2% | $59.2M+0.2% | $59.2M+0.2% | $59.2M+0.2% | $59.1M+0.2% | $59.1M+0.2% | $59.1M+0.2% | $59.0M+0.2% |
| Total Equity | $583.1M+9.4% | $574.7M+11.8% | $564.9M+14.0% | $550.7M+42.5% | $533.2M+42.9% | $514.2M+38.4% | $495.4M+34.2% | $386.5M+10.6% |
| Retained Earnings | $303.1M+2.1% | $287.7M+2.0% | $270.1M-1.3% | $308.5M+10.6% | $296.9M+6.9% | $282.0M+2.4% | $273.7M+0.4% | $278.9M-4.2% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities.
ALRS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $18.6M+74.0% | $27.8M+260.5% | $16.3M+608.9% | $32.8M+62.4% | $10.7M+185.8% | $7.7M-34.1% | $2.3M+14.4% | $20.2M+57.7% |
| Depreciation & Amortization | $3.4M-11.4% | $3.3M-14.5% | $3.8M+11.4% | $3.8M+88.2% | $3.8M+88.2% | $3.8M+82.8% | $3.4M+32.9% | $2.0M+5.2% |
| Stock-Based Compensation | N/A | $751K+25.4% | N/A | N/A | N/A | $599K+1.0% | N/A | N/A |
| Capital Expenditures | $686K-78.1% | $2.0M-1.3% | $1.0M-79.2% | $2.5M-10.8% | $3.1M-15.0% | $2.1M+133.1% | $5.0M+215.1% | $2.8M+616.3% |
| Free Cash Flow | $17.9M+136.9% | $25.8M+355.5% | $15.3M+659.3% | $30.3M+74.0% | $7.6M+146.8% | $5.7M-47.7% | -$2.7M-757.2% | $17.4M+40.3% |
| Investing Cash Flow | -$14.7M-157.0% | -$1.6M+96.6% | $76.0M+181.9% | $23.5M+122.8% | $25.8M+124.6% | -$48.7M-120.2% | -$92.7M-297.7% | -$103.0M-100.2% |
| Financing Cash Flow | -$23.7M+38.6% | $35.5M-43.5% | -$117.1M-236.8% | -$45.1M+84.4% | -$38.6M-492.3% | $62.7M-85.3% | $85.7M+426.7% | -$289.4M-863.9% |
| Dividends Paid | $5.6M+5.0% | $5.1M+0.1% | $5.1M+28.1% | $5.3M+34.7% | $5.3M+41.8% | $5.1M+35.0% | $4.0M+4.8% | $4.0M+9.6% |
| Share Buybacks | $7.1M+14402.0% | $6.5M+5046.5% | $219K+397.7% | $342K+350.0% | $49K+1533.3% | $127K-17.0% | $44K-97.9% | $76K-93.9% |
ALRS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 25.9%-1.2pp | 30.3%+11.0pp | -401.9% | 23.3%+13.1pp | 27.1%+15.0pp | 19.4%+5.8pp | -0.1%+66.0pp | 10.2%-8.5pp |
| Return on Equity | 3.6%-0.2pp | 4.0%+1.4pp | -5.9%-5.8pp | 3.1%+1.7pp | 3.8%+2.1pp | 2.6%+0.9pp | 0.0%+4.0pp | 1.4%-1.3pp |
| Return on Assets | 0.4%0.0pp | 0.4%+0.2pp | -0.6%-0.6pp | 0.3%+0.2pp | 0.4%+0.2pp | 0.3%+0.1pp | 0.0%+0.4pp | 0.1%-0.1pp |
| Debt-to-Equity | 0.100.0x | 0.100.0x | 0.100.0x | 0.110.0x | 0.110.0x | 0.110.0x | 0.120.0x | 0.150.0x |
| Asset Turnover | 0.020.0x | 0.010.0x | 0.000.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x |
| FCF Margin | 22.2%+12.1pp | 34.0%+25.8pp | 185.9% | 41.8%+7.6pp | 10.1%+41.5pp | 8.2%-14.6pp | -3.8%-5.7pp | 34.2%+8.8pp |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Alerus Financial Corporation ALRS | FY2025 | $224.4M | $17.4M | 7.8% | $830.6M | 45/100 |
| Guaranty Bancshares, Inc. GNTY | FY2024 | $118.6M | $31.5M | 26.6% | $553.2M | 38/100 |
| Eagle Bancorp Inc EGBN | FY2025 | $299.2M | -$138.1M | -46.1% | $841.4M | 18/100 |
| MidWestOne Financial Group MOFG | FY2024 | $69.3M | -$60.3M | -87.0% | $1.0B | 8/100 |
| Washington Trust Bancorp Inc WASH | FY2025 | $229.0M | $52.2M | 22.8% | $762.8M | 30/100 |
Where Alerus Financial Corporation Ranks
Frequently Asked Questions
What is Alerus Financial Corporation's annual revenue?
Alerus Financial Corporation (ALRS) reported $224.4M in total revenue for fiscal year 2025. This represents a 1.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Alerus Financial Corporation's revenue growing?
Alerus Financial Corporation (ALRS) revenue grew by 1.1% year-over-year, from $222.0M to $224.4M in fiscal year 2025.
Is Alerus Financial Corporation profitable?
Yes, Alerus Financial Corporation (ALRS) reported a net income of $17.4M in fiscal year 2025, with a net profit margin of 7.8%.
How much debt does Alerus Financial Corporation have?
As of fiscal year 2025, Alerus Financial Corporation (ALRS) had $67.2M in cash and equivalents against $59.2M in long-term debt.
What is Alerus Financial Corporation's net profit margin?
Alerus Financial Corporation (ALRS) had a net profit margin of 7.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Alerus Financial Corporation pay dividends?
Yes, Alerus Financial Corporation (ALRS) paid $0.83 per share in dividends during fiscal year 2025.
What is Alerus Financial Corporation's return on equity (ROE)?
Alerus Financial Corporation (ALRS) has a return on equity of 3.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Alerus Financial Corporation's free cash flow?
Alerus Financial Corporation (ALRS) generated $58.8M in free cash flow during fiscal year 2025. This represents a 527.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Alerus Financial Corporation's operating cash flow?
Alerus Financial Corporation (ALRS) generated $67.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Alerus Financial Corporation's total assets?
Alerus Financial Corporation (ALRS) had $5.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Alerus Financial Corporation's capital expenditures?
Alerus Financial Corporation (ALRS) invested $8.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Alerus Financial Corporation's debt-to-equity ratio?
Alerus Financial Corporation (ALRS) had a debt-to-equity ratio of 0.10 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Alerus Financial Corporation's return on assets (ROA)?
Alerus Financial Corporation (ALRS) had a return on assets of 0.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Alerus Financial Corporation's P/E ratio?
Alerus Financial Corporation (ALRS) trades at 30.0x earnings, its market capitalization divided by net income of $27.7M net income, trailing 12 months to June 30, 2026. The market capitalization is $830.6M as of Sep 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Alerus Financial Corporation's price-to-sales ratio?
Alerus Financial Corporation (ALRS) trades at 3.5x sales, its market capitalization divided by revenue of $237.2M revenue, trailing 12 months to June 30, 2026. The market capitalization is $830.6M as of Sep 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Alerus Financial Corporation's Piotroski F-Score?
Alerus Financial Corporation (ALRS) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Alerus Financial Corporation's earnings high quality?
Alerus Financial Corporation (ALRS) has an earnings quality ratio of 3.87x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Alerus Financial Corporation?
Alerus Financial Corporation (ALRS) scores 45 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.