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Alerus Financial Corp

Company price
34.54 USD 0.73 ( 2.16%)
Last update at 2026-11-09T17:53:00Z
VOLUME
25558
Market Cap
831.83M
P/E
30.90

Momentum Score

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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.

Source: TradingView
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Day Price Range
33.45
Low
35.00
High
52 Week Price Range
19.80
Low
34.40
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

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.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
33.81
Dividend Yield
2.55%
Revenue TTM
241.90M
Revenue Per Share
9.56
Gross Profit TTM
241.90M
Debt / Equity
0.78
ROE
4.96%
Net Debt
373.35M
ROCE
0.46%
Diluted EPS TTM
1.08

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

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

Peer Comparison*

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

Profile*

Alerus Financial Corp

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.

401 Demers Avenue, Grand Forks, ND, United States, 58201

701 795 3200

821

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

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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