ALERUS FINANCIAL CORP (ALRS)
Financials · Regional diversified financial services / community banking · NASDAQ
A Grand Forks-based diversified financial services company combining community banking, retirement administration, and wealth management through a relationship-driven, advice-focused model.
What ALERUS FINANCIAL CORP does
Alerus Financial Corporation is a diversified financial services company providing banking, retirement and benefit services, and wealth management solutions to businesses and consumers. Operating through its subsidiary Alerus Financial, National Association, the company delivers comprehensive financial solutions through a relationship-oriented, "high tech, high touch" model combining technology with skilled advisors. As of December 31, 2025, the company had $5.2 billion in total assets and $44.9 billion in assets under administration/management in retirement services and $4.9 billion in wealth management.
Themes: ["Community banking","Retirement services and benefits administration","Wealth management / advisory","Commercial banking","Client advisory relationships","Diversified financial services"]
Fundamentals
- Price$30.87 as of 2026-07-09 close
- Market cap$782M as of 2026-07-10
- 1-year return+36.7% as of 2026-07-09 close
- P/E28.87 as of 2026-07-10
- Net margin+18.8% as of 2026-07-10
- ROE+4.9% as of 2026-07-10
- Debt / equity0.10 as of 2026-07-10
- Revenue growth (YoY)+50.0% as of 2026-07-10
- Beta0.70 as of 2026-07-10
Dividend: yield +2.9%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Revenue concentration from net interest income subject to interest rate fluctuations and deposit competition in regional markets","Rapid revenue growth (50% YoY) and integration of multiple business lines may strain operational systems and talent retention","Regulatory risk as a financial institution subject to banking oversight and compliance requirements"]
Competitors & peers
- TCF Financial Corporation (TCF)
- Umpqua Holdings (UMPQ)
- Prosperity Bancshares (PB)
- Banner Corporation (BANR)
- Westamerica Bancorporation (WAFD)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.