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Alerus Financial Corporation operates as the bank holding company for Alerus Financial, National Association that provides various financial services to businesses and consumers in the United States. The company operates in three segments: Banking, Retirement and Benefit Services, and Wealth. It offers demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, noninterest-bearing deposits, interest-bearing checking accounts, and certificates of deposit; and treasury management products, including electronic receivables management, remote deposit capture, cash vault, merchant, and other cash management services. The company also provides commercial loans, business term loans, and lines of credit; commercial real estate, and commercial and industrial loans; consumer lending products, including residential first mortgage loans; and installment loans, and loans collateralized by cash and marketable securities. In addition, it offers retirement plan, and investment advisory services, employee stock ownership plan, investment fiduciary services, health savings accounts, flex spending accounts, COBRA recordkeeping, and other administration services, as well as individual retirement accounts; and financial planning, investment management, personal and corporate trust, estate administration, and custody services. Further, the company provides debit cards, personal and business loans, credit cards, online and mobile banking/wallet, private banking, deposit and payment solutions, mortgages, administration, and government health insurance program services. The company was formerly known as First National Bank North Dakota and changed its name to Alerus Financial Corporation in 2000. Alerus Financial Corporation was founded in 1879 and is headquartered in Grand Forks, North Dakota.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Alerus Financial Corporation is a regional banking and financial services firm offering commercial and consumer banking, mortgage origination, wealth management and retirement-plan administration primarily in the Upper Midwest. Long-term growth may be supported by expanding fee-based retirement and wealth-management revenue, mortgage market activity and measured loan and deposit growth, and the firm appears positioned to benefit from scaling these services.
Key risks include regional economic and commercial real estate weakness, interest-rate sensitivity to net interest margin, competitive pressure from larger banks and fintech, and regulatory and credit-cycle exposure.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 22.59M | 23.16M | 15.85M | 52.18M | 69.08M |
| Net income | 17.44M | 17.78M | 11.70M | 40.01M | 52.68M |
| Selling general administrative | 97.46M | 87.31M | 76.29M | 80.66M | 93.39M |
| Selling and marketing expenses | 3.84M | 3.25M | 3.03M | 3.25M | 3.18M |
| Gross profit | 220.16M | 205.61M | 164.16M | 208.77M | 230.24M |
| Reconciled depreciation | 17.29M | 14.88M | 10.32M | 4.75M | 4.38M |
| Ebit | 22.59M | 23.16M | 15.85M | 71.51M | 69.08M |
| Ebitda | 39.88M | 38.04M | 24.36M | 76.27M | 73.46M |
| Depreciation and amortization | 17.29M | 14.88M | 8.51M | 4.75M | 4.38M |
| Operating income | 22.59M | 23.16M | 15.85M | 71.51M | 69.08M |
| Other operating expenses | 305.26M | 315.13M | 227.41M | -137.25M | -161.16M |
| Interest expense | 107.14M | 114.53M | 77.04M | 15.85M | 5.56M |
| Tax provision | 5.15M | 5.38M | 10.85M | 12.18M | 16.40M |
| Interest income | 279.64M | 221.58M | 156.00M | 115.58M | 92.66M |
| Net interest income | 172.50M | 107.05M | 93.25M | 99.73M | 87.10M |
| Income tax expense | 5.15M | 5.38M | 4.16M | 12.18M | 16.40M |
| Total revenue | 327.86M | 338.29M | 243.26M | 208.77M | 230.24M |
| Total operating expenses | 197.57M | 182.45M | 148.31M | -137.25M | -161.16M |
| Cost of revenue | 107.69M | 132.68M | 79.10M | - | - |
| Total other income expense net | - | 175.73M | -32.58M | -19.33M | -5.56M |
| Net income from continuing ops | 17.44M | 17.78M | 37.36M | 40.01M | 52.68M |
| Net income applicable to common shares | - | - | - | 40.01M | 52.68M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 5230.08M | 5261.67M | 3916.16M | 3779.64M | 3392.69M |
| Intangible assets | 33.37M | 51.80M | 19.21M | 25.10M | 22.13M |
| Other current assets | -1.76M | 7.74M | 192.97M | -717.32M | 983.02M |
| Total liab | 4665.15M | 4766.26M | 3547.03M | 3422.76M | 63.21M |
| Total stockholder equity | 564.93M | 495.41M | 369.13M | 356.87M | 359.40M |
| Other current liab | - | 4378.41M | 2609.08M | -42.37M | 2920.55M |
| Common stock | 25.41M | 25.34M | 19.73M | 19.99M | 17.21M |
| Capital stock | 25.41M | 25.34M | 19.73M | 19.99M | 17.21M |
| Retained earnings | 270.07M | 273.72M | 272.70M | 280.43M | 253.57M |
| Other liab | - | - | - | 1.10M | 0.16M |
| Good will | 85.63M | 85.63M | 46.78M | 47.09M | 31.49M |
| Other assets | 4890.77M | 4944.74M | - | 1821.89M | 1006.77M |
| Cash | 67.19M | 61.24M | 129.89M | 58.24M | 242.31M |
| Total current liabilities | 308.80M | 4617.37M | 2924.87M | 378.08M | 2970.08M |
| Current deferred revenue | - | - | - | 42.37M | - |
| Net debt | 373.35M | 255.78M | 248.98M | 384.58M | -179.10M |
| Short term debt | 308.80M | 238.96M | 315.80M | 378.08M | - |
| Short long term debt | 308.80M | 238.96M | 314.17M | 378.08M | - |
| Short long term debt total | 440.55M | 317.02M | 378.88M | 442.82M | 63.21M |
| Other stockholder equity | 271.61M | 269.71M | 150.34M | 155.09M | 92.88M |
| Property plant equipment | - | - | - | 22.71M | 22.10M |
| Total current assets | 88.93M | 716.66M | 192.97M | 823.62M | 1104.50M |
| Long term investments | 770.30M | 866.96M | 786.26M | 1039.23M | 1205.71M |
| Net tangible assets | - | - | - | 287.33M | 307.66M |
| Short term investments | 1.76M | 591.36M | 486.74M | 717.32M | 853.65M |
| Net receivables | 21.74M | 56.31M | 57.28M | 12.87M | 8.54M |
| Long term debt | 59.18M | 59.07M | 58.96M | 58.84M | 58.93M |
| Inventory | - | - | 106.78M | 0.03M | 23.73M |
| Accounts payable | - | - | - | 64.46M | 2920.55M |
| Accumulated other comprehensive income | -2.16M | -73.37M | -73.66M | -98.64M | -4.25M |
| Common stock total equity | - | - | - | 19.99M | 17.21M |
| Retained earnings total equity | - | - | - | 280.43M | 253.57M |
| Non currrent assets other | -4783.74M | 70.21M | 3549.13M | -42.35M | -11.61M |
| Non current assets total | 250.38M | 4545.02M | 3723.19M | 1134.13M | 1281.43M |
| Capital lease obligations | 36.28M | 18.99M | 5.75M | 5.90M | 4.28M |
| Long term debt total | - | - | - | 58.84M | 58.93M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 123.29M | -330.03M | -220.79M | -394.24M | -415.87M |
| Change to liabilities | - | - | - | 8.97M | 5.87M |
| Total cashflows from investing activities | 76.55M | -330.03M | -51.99M | -292.62M | -416.94M |
| Net borrowings | 69.84M | -76.81M | -63.91M | 377.88M | 0.08M |
| Total cash from financing activities | -138.13M | 232.42M | 94.76M | 5.59M | 337.18M |
| Change to operating activities | - | - | - | 62.87M | 121.85M |
| Net income | 17.44M | 17.78M | 11.70M | 40.01M | 52.68M |
| Change in cash | 5.95M | -68.65M | 71.65M | -184.07M | 69.35M |
| Begin period cash flow | 61.24M | 129.89M | 58.24M | 242.31M | 172.96M |
| End period cash flow | 67.19M | 61.24M | 129.89M | 58.24M | 242.31M |
| Total cash from operating activities | 67.53M | 28.96M | 28.98M | 102.97M | 149.12M |
| Issuance of capital stock | - | - | - | - | 0.00M |
| Depreciation | 16.09M | 14.88M | 8.51M | 8.24M | 8.81M |
| Other cashflows from investing activities | -94.92M | -433.15M | -308.79M | 103.41M | 0.63M |
| Dividends paid | 20.82M | 15.45M | 14.82M | -12.80M | -10.75M |
| Change to account receivables | -1.67M | -1.34M | -2.83M | -3.24M | 1.12M |
| Sale purchase of stock | -0.74M | -0.28M | -6.64M | -0.74M | -0.71M |
| Other cashflows from financing activities | -186.41M | 324.95M | 180.13M | 19.33M | 398.56M |
| Change to netincome | - | - | - | 52.56M | 133.53M |
| Capital expenditures | 8.70M | 12.37M | 3.17M | 1.79M | 1.71M |
| Change receivables | - | - | - | -3.24M | 1.12M |
| Cash flows other operating | - | - | - | -3.80M | -52.95M |
| Cash and cash equivalents changes | - | - | - | -184.07M | 69.35M |
| Change in working capital | -14.20M | -11.55M | -16.23M | 59.63M | 122.97M |
| Stock based compensation | 2.70M | 1.65M | -1.15M | 1.90M | 3.10M |
| Other non cash items | 39.61M | 10.18M | 25.17M | -7.72M | -41.23M |
| Free cash flow | 58.83M | 16.59M | 25.71M | 101.18M | 147.41M |
Sector: Financial Services Industry: Banks - Regional
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
|---|---|---|---|---|---|---|---|
| ALRS Alerus Financial Corp |
0.73 2.16% |
34.54 | 30.90 | - | 3.44 | 1.42 | 5.47 |
| DBSDY DBS Group Holdings Ltd ADR |
3.79 1.76% |
219.67 | 20.00 | 17.57 | 7.54 | 3.17 | 13.19 |
| CIHHF China Merchants Bank Co Ltd Class H |
0.03 0.45% |
6.69 | 7.70 | 7.10 | 0.55 | 0.83 | 3.51 |
| CIHKY China Merchants Bank Co Ltd |
0.11 0.32% |
34.84 | 7.79 | 7.20 | 0.55 | 0.85 | 3.51 |
| UNCFF UniCredit SpA |
5.05 5.86% |
91.30 | 11.53 | 10.27 | 5.72 | 1.83 | 8.22 |
Alerus Financial Corporation operates as the bank holding company for Alerus Financial, National Association that provides various financial services to businesses and consumers in the United States. The company operates in three segments: Banking, Retirement and Benefit Services, and Wealth. It offers demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, noninterest-bearing deposits, interest-bearing checking accounts, and certificates of deposit; and treasury management products, including electronic receivables management, remote deposit capture, cash vault, merchant, and other cash management services. The company also provides commercial loans, business term loans, and lines of credit; commercial real estate, and commercial and industrial loans; consumer lending products, including residential first mortgage loans; and installment loans, and loans collateralized by cash and marketable securities. In addition, it offers retirement plan, and investment advisory services, employee stock ownership plan, investment fiduciary services, health savings accounts, flex spending accounts, COBRA recordkeeping, and other administration services, as well as individual retirement accounts; and financial planning, investment management, personal and corporate trust, estate administration, and custody services. Further, the company provides debit cards, personal and business loans, credit cards, online and mobile banking/wallet, private banking, deposit and payment solutions, mortgages, administration, and government health insurance program services. The company was formerly known as First National Bank North Dakota and changed its name to Alerus Financial Corporation in 2000. Alerus Financial Corporation was founded in 1879 and is headquartered in Grand Forks, North Dakota.
| Name | Title | Year Born |
|---|---|---|
| Ms. Katie A. Lorenson | Pres, CEO & Director | 1981 |
| Ms. Ann Melvey McConn CFP, J.D., M.B.A. | Exec. VP & Chief Shared Services Officer | 1960 |
| Mr. Alan A. Villalon | Exec. VP & CFO | 1974 |
| Ms. Maria Biessener Duncan | Sr. VP and Director of Operations & Process Excellence | NA |
| Mr. Sunil N. Swami | Chief Investment Officer | 1957 |
| Mr. Jerrod Keith Hanson CPA | Chief Accounting Officer & Sr. VP | 1971 |
| Mr. Jonathan N. Hendry | Exec. VP & CTO | NA |
| Ms. Bonnie Upham CPA | Chief Compliance Officer | NA |
| Mr. Scott Fenske | Gen. Counsel & Corp. Sec. | NA |
| Ms. Kara Schumacher | Marketing and Customer Management Director | NA |
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