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 Nov 4, 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 with a liability-heavy balance sheet, while FY2025 cash generation recovered sharply without improving returns on assets.
The rebound was not earnings-led: net income fell1.9% while operating cash flow rose210.5% . With capital expenditures down29.7% , free cash flow rose527.5% , indicating the cash improvement came from both operations and reduced reinvestment.
At FY2025, assets were
The debt-to-equity ratio was only 0.1x, but total liabilities equaled 8.3x equity, showing that traditional debt understates how extensively the balance sheet is funded by obligations. From FY2023 to FY2025, assets expanded
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. 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 14/100 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 77/100 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 47/100 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 10/100 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 22/100 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), the one computable operating efficiency signal (asset turnover improving) passes.
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 quarterly ROE was 3.6% in Q2 2026: one quarter's net income over shareholder equity, not annualized. 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-K | 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% |
| 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% | -$10.3Mn/m | $5.1M+220.8% | $6.1M+217.4% | $4.2M+103.1% | -$225Kn/m | $1.6M-33.2% |
| Net Income | $20.9M+3.0% | $23.0M+72.5% | -$33.1Mn/m | $16.9M+225.0% | $20.3M+226.2% | $13.3M+107.0% | -$67Kn/m | $5.2M-43.2% |
| EPS (Basic) | $0.82+3.8% | $0.90+73.1% | -$1.28 | $0.66+153.8% | $0.79+154.8% | $0.52+62.5% | -$0.06 | $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, SG&A 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-K | 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% |
| 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, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, 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-K | 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% | $10.7Mn/m | $7.7M-34.1% | $2.3M-43.5% | $20.2M+57.7% |
| Depreciation & Amortization | $3.4M-11.6% | $3.3M-14.5% | $3.8M+11.4% | $3.9M+77.8% | $3.8M+76.1% | $3.8M+82.8% | $3.4M+57.7% | $2.2M+13.6% |
| 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+196.6% | $2.8M+616.3% |
| Free Cash Flow | $17.9M+136.9% | $25.8M+355.5% | $15.3Mn/m | $30.3M+74.0% | $7.6Mn/m | $5.7M-47.7% | -$2.7M-214.8% | $17.4M+40.3% |
| Investing Cash Flow | -$14.7M-157.0% | -$1.6Mn/m | $76.0Mn/m | $23.5Mn/m | $25.8Mn/m | -$48.7Mn/m | -$92.7M-306.8% | -$103.0Mn/m |
| Financing Cash Flow | -$23.7Mn/m | $35.5M-43.5% | -$117.1M-236.8% | -$45.1Mn/m | -$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-K | 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 |
| Liabilities-to-Equity | 8.07-0.9x | 8.20-1.2x | 8.26-1.4x | 8.68-0.9x | 8.99-1.7x | 9.38-1.3x | 9.620.0x | 9.57-0.5x |
| 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%-14.5pp | 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. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Alerus Financial Corporation ALRS | FY2025 | $224.4M | $17.4M | 7.8% | $861.8M | 44/100 |
| Farmers National Banc Corp FMNB | FY2025 | $279.9M | $54.6M | 19.5% | $938.5M | 60/100 |
| Great Southern Bancorp Inc GSBC | FY2025 | $229.3M | $71.0M | 30.9% | $902.1M | 66/100 |
| Capital City Bank Group Inc CCBG | FY2025 | $254.0M | $61.6M | 24.2% | $886.6M | 52/100 |
| Mid Penn Bancorp, Inc. MPB | FY2025 | $225.9M | $56.2M | 24.9% | $887.5M | 63/100 |
| Peapack-Gladstone Financial Corp PGC | FY2025 | $283.0M | $37.3M | 13.2% | $839.4M | 33/100 |
Where Alerus Financial Corporation Ranks
Frequently Asked Questions
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.
Alerus Financial Corporation (ALRS) revenue grew by 1.1% year-over-year, from $222.0M to $224.4M in fiscal year 2025.
Yes, Alerus Financial Corporation (ALRS) reported a net income of $27.7M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $17.4M, with a net profit margin of 7.8%.
As of fiscal year 2025, Alerus Financial Corporation (ALRS) had $67.2M in cash and equivalents against $59.2M in long-term debt.
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.
Yes, Alerus Financial Corporation (ALRS) paid $0.83 per share in dividends during fiscal year 2025.
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.
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.
Alerus Financial Corporation (ALRS) generated $67.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
Alerus Financial Corporation (ALRS) had $5.2B in total assets as of fiscal year 2025, including both current and long-term assets.
Alerus Financial Corporation (ALRS) invested $8.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Alerus Financial Corporation (ALRS) had a debt-to-equity ratio of 0.10 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
Alerus Financial Corporation (ALRS) had a liabilities-to-equity ratio of 8.26 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
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.
Alerus Financial Corporation (ALRS) trades at 31.1x earnings, its market capitalization divided by $27.7M net income, trailing 12 months to June 30, 2026. The market capitalization is $861.8M as of Nov 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Alerus Financial Corporation (ALRS) trades at 3.6x sales, its market capitalization divided by $237.2M revenue, trailing 12 months to June 30, 2026. The market capitalization is $861.8M as of Nov 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
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.
Alerus Financial Corporation (ALRS) scores 44 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is the average 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.