Alerus Financial Corporation
ALRS · Price history
Price at last available close
$32.27
+$0.50 (+1.57%) 1M
2026-10-28
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Company & revenue
About Alerus Financial Corporation
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Alerus Financial Corporation, operating primarily through its subsidiary Alerus Financial, National Association, delivers a broad spectrum of financial services to both commercial clients and individual consumers. The company organizes its operations across four distinct segments: Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. Within its Banking segment, Alerus provides a comprehensive array of deposit solutions, including checking, savings, money market, and certificate of deposit accounts.
How they make money
Alerus Financial operates as a diversified commercial wealth bank and national retirement plan provider. It generates revenue primarily through net interest income from its banking operations and noninterest income derived from its wealth management, retirement, and benefit services business segments.
Products & services
Banking services (commercial and consumer lending, deposit accounts), retirement and benefit plan administration, and wealth management advisory services.
Brands & revenue mix
Primary brand under which the company provides all banking, retirement, and wealth management services.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
- Technology and Software Service Providers — Various third-party vendors providing core banking systems, digital banking platforms, and data processing services.Source
Competitors
- Retirement and wealth management firms — National and regional providers of retirement plan administration and wealth advisory services.Source
Strengths
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
30
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
31
Poor
Financial Strength
34
Business Quality / Moat
24
Management
25
Growth Quality
28
Risk / Durability
50
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
56
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
53/100
Building Historical Record
Model Score 53/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.
The model outlook is currently moderate.
- •Recent buyback activity is present
- •Debt service risk
- •M&A headline · Sep 1, 2026
- •Repurchase headline · Aug 27, 2026
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
Company-specific research
Questions worth answering for ALRS
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can ALRS maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is ALRS's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is ALRS's debt load manageable relative to cash generation, interest costs and upcoming maturities?
Essential Investment Snapshot
Wall Street Score
30
Opportunity Score
56
Market Cap
$804.4M
P/E Ratio
28.7
EPS
$1.10
52-Week High
$34.40
52-Week Low
$20.31
Beta
0.68
Intrinsic Value
$38.92
Analyst Target
$37.00
Shares Outstanding
25.7M
Total Revenue
$332.7M
Total Debt
$447.0M
Dividend Yield (TTM)
2.67%
Liquidation Value / Share
$22.69
Dividend / Share (TTM)
$0.86
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for ALRS
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Debt service risk
Interest coverage is low (~0.2x). Earnings may be strained to cover interest expense.
M&A headline · Sep 1, 2026
BlackRock Inc. Acquires Shares of 1,822,242 Alerus Financial $ALRS — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Defense WorldRepurchase headline · Aug 27, 2026
Alerus Financial Corporation Declares Cash Dividend on Common Shares and Announces New Stock Repurchase Program — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
GlobeNewsWireCommunity Sentiment
0 active · 0 total callsNo personal call yet on ALRS.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Diversified revenue streams across banking, wealth, and retirement segments.
- +Advice-led client relationship model.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Banks - Regional industry.
- −Interest rate fluctuations affecting net interest margin.
- −Credit risk associated with loan portfolio.
- −Operational and integration risks from acquisitions.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
5 historical score records availablePrevious Score
28
Sep 8, 2026
Change
+2.2
points
Current Score
30
Oct 1, 2026
Category Changes
ALRS increased 2.2 points because Valuation improved by 13.4 points.
Positive Contributors
- + Valuation improved by 13.4 points
Projected Score
Projected Score
35
Projected Change
+4.6 points
Preliminary comparable-period financial changes suggest improvement of approximately 4.6 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
UndervaluedCurrent Price
$32.27
Model Intrinsic Value
$38.92
Difference
−$6.65
-17.1% vs IV
Margin of Safety
17.1%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $332.7M | $327.9M | $338.3M | $243.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $93.0M | $107.7M | $132.7M | $79.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $239.7M | $220.2M | $205.6M | $164.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $132.3M | $101.3M | $90.6M | $79.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $205.2M | $197.6M | $182.5M | $148.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $50.0M | $39.9M | $38.0M | $24.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $34.5M | $22.6M | $23.2M | $15.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $97.7M | $107.1M | $114.5M | $77.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $36.2M | $22.6M | $23.2M | $15.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $8.5M | $5.2M | $5.4M | $4.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $27.7M | $17.4M | $17.8M | $11.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $1.10 | $0.69 | $0.84 | $0.59 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 25.40M | 25.38M | 21.05M | 19.92M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 25.40M | 25.70M | 21.32M | 20.14M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$103.6M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.81
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+14.1%
Cash Change
+34.7%
Margin Change
+0.1 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Cash position grew
What Weakened
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, EPS growth, cash levels, net income margin. Pressure indicators included debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 2.3%. EPS increased 3.8%. Cash increased 34.7%. Total debt increased 14.1%. Net income margin improved by 0.1 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
5 historical recordsHistorical Score Chart
3 of 5 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Banks - RegionalNews
Implied Volatility Surging for Alerus Financial Stock Options
Connor Clark & Lunn Investment Management Ltd. Purchases New Shares in Alerus Financial $ALRS
BlackRock Inc. Acquires Shares of 1,822,242 Alerus Financial $ALRS
Alerus Financial Corporation Declares Cash Dividend on Common Shares and Announces New Stock Repurchase Program
Rumor Mill · ALRS
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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