ALRS

Company Overview — What Does ALERUS FINANCIAL CORP Do?

Alerus Financial Corporation, through its subsidiary, Alerus Financial, National Association, provides various financial services to businesses and consumers. The company operates in four segments: Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. It offers various deposit products, including demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, checking accounts, and certificates of deposit; and treasury management products, including electronic receivables management, remote deposit capture, cash vault services, merchant services, and other cash management services. The company also provides commercial loans, business term loans, lines of credit, and commercial real estate loans, as well as construction and land development loans; consumer lending products, including residential first mortgage loans; installment loans and lines of credit; and second mortgage loans. In addition, it offers retirement plan administration and investment advisory services, employee stock ownership plan, fiduciary services, payroll, health savings accounts, and other benefit 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 and credit cards, online banking, mobile banking/wallet, payment, private banking, payroll accounts, flex spending accounts, administration, and government health insurance program services. It offers banking services through fourteen offices in North Dakota, Minnesota, and Arizona; and retirement and benefit plans in 50 states through offices located in Michigan, Minnesota, and Colorado. 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. ALERUS FINANCIAL CORP (ALRS) is classified as a small-cap stock in the Financials sector, specifically within the Banking industry. The company is led by CEO Katie A. Lorenson and employs approximately 840 people. With a market capitalization of $600M, ALRS is one of the notable companies in the Financials sector.

ALERUS FINANCIAL CORP (ALRS) Stock Rating — Hold (April 2026)

As of April 2026, ALERUS FINANCIAL CORP receives a Hold rating with a composite score of 45.3/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.ALRS ranks #1,182 out of 4,446 stocks in our coverage universe. Within the Financials sector, ALERUS FINANCIAL CORP ranks #363 of 891 stocks, placing it in the upper half of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

ALRS Stock Price and 52-Week Range

ALERUS FINANCIAL CORP (ALRS) currently trades at $25.50. The stock gained $0.18 (0.7%) in the most recent trading session. The 52-week high for ALRS is $26.32, which means the stock is currently trading -3.1% from its annual peak. The 52-week low is $15.78, putting the stock 61.6% above its annual trough. Recent trading volume was 209K shares, suggesting relatively thin trading activity.

Is ALRS Overvalued or Undervalued? — Valuation Analysis

ALERUS FINANCIAL CORP (ALRS) carries a value factor score of 54/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 11.18x, compared to the Financials sector average of 14.88x — a discount of 25%. The price-to-book ratio stands at 1.10x, versus the sector average of 1.22x. The price-to-sales ratio is 2.38x, compared to 0.90x for the average Financials stock. On an enterprise value basis, ALRS trades at 9.10x EV/EBITDA, versus 3.26x for the sector.

Overall, ALRS's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

ALERUS FINANCIAL CORP Profitability — ROE, Margins, and Quality Score

ALERUS FINANCIAL CORP (ALRS) earns a quality factor score of 41/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 9.9%, compared to the Financials sector average of 8.5%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 1.1% versus the sector average of 1.2%.

On a margin basis, ALERUS FINANCIAL CORP reports gross margins of 0.0%. The operating margin is 26.8% (sector: 21.8%). Net profit margin stands at 20.6%, versus 17.7% for the average Financials stock. Revenue growth is running at 33.2% on a trailing basis, compared to 9.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

ALRS Debt, Balance Sheet, and Financial Health

ALERUS FINANCIAL CORP has a debt-to-equity ratio of 10.0%, compared to the Financials sector average of 121.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 1.12x, suggesting adequate working capital coverage. Total debt on the balance sheet is $59M. Cash and equivalents stand at $92M.

ALRS has a beta of 0.77, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for ALERUS FINANCIAL CORP is 81/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.

ALERUS FINANCIAL CORP Revenue and Earnings History — Quarterly Trend

In TTM 2026, ALERUS FINANCIAL CORP reported revenue of $261M and earnings per share (EPS) of $0.69. Net income for the quarter was $56M. Gross margin was 0.0%. Operating income came in at $73M.

In FY 2025, ALERUS FINANCIAL CORP reported revenue of $280M and earnings per share (EPS) of $0.69. Net income for the quarter was $17M. Revenue grew 26.2% year-over-year compared to FY 2024. Operating income came in at $23M.

In Q3 2025, ALERUS FINANCIAL CORP reported revenue of $71M and earnings per share (EPS) of $0.66. Net income for the quarter was $17M. Revenue grew 35.3% year-over-year compared to Q3 2024. Operating income came in at $22M.

In Q2 2025, ALERUS FINANCIAL CORP reported revenue of $70M and earnings per share (EPS) of $0.79. Net income for the quarter was $20M. Revenue grew 32.8% year-over-year compared to Q2 2024. Operating income came in at $26M.

Over the past 8 quarters, ALERUS FINANCIAL CORP has demonstrated a growth trajectory, with revenue expanding from $53M to $261M. Investors analyzing ALRS stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

ALRS Dividend Yield and Income Analysis

ALERUS FINANCIAL CORP (ALRS) does not currently pay a dividend. This is common among smaller companies in the Banking industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Financials dividend stocks may want to explore other Financials stocks or use the stock screener to filter by dividend yield.

ALRS Momentum and Technical Analysis Profile

ALERUS FINANCIAL CORP (ALRS) has a momentum factor score of 55/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 24/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 7/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

ALRS vs Competitors — Financials Sector Ranking and Peer Comparison

Within the Financials sector, ALERUS FINANCIAL CORP (ALRS) ranks #363 out of 891 stocks based on the Blank Capital composite score. This places ALRS in the upper half of all Financials stocks in our coverage universe. Key competitors and sector peers include WHITE MOUNTAINS INSURANCE GROUP LTD (WTM) with a score of 62.9/100, OPPENHEIMER HOLDINGS INC (OPY) with a score of 62.6/100, Enact Holdings, Inc. (ACT) with a score of 61.6/100, International General Insurance Holdings Ltd. (IGIC) with a score of 61.3/100, and PARKE BANCORP, INC. (PKBK) with a score of 60.4/100.

Comparing ALRS against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full ALRS vs S&P 500 (SPY) comparison to assess how ALERUS FINANCIAL CORP stacks up against the broader market across all factor dimensions.

ALRS Next Earnings Date

No upcoming earnings date has been announced for ALERUS FINANCIAL CORP (ALRS) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy ALRS? — Investment Thesis Summary

ALERUS FINANCIAL CORP presents a balanced picture with arguments on both sides. Low volatility (stability score 81/100) reduces downside risk.

In summary, ALERUS FINANCIAL CORP (ALRS) earns a Hold rating with a composite score of 45.3/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on ALRS stock.

Related Resources for ALRS Investors

Explore more research and tools: ALRS vs S&P 500 comparison, top Financials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare ALRS head-to-head with peers: ALRS vs WTM, ALRS vs OPY, ALRS vs ACT.