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Financials · ALRS

Alerus Financial Corporation (ALRS) financials

For the twelve months ended Sep 30, 2026, Alerus Financial Corporation reported $245.72M of revenue and $29.98M of net income.

Revenue, TTM
$245.72M
Revenue growth, YoY
-14.8%
Net income, TTM
$29.98M
Net income growth, YoY
-40.5%
Net margin
12.2%
Free cash flow, TTM
$108.82M
EPS, diluted, TTM
$1.19
Cash
$65.76M
Total debt
$59.27M
P/E
28.43
P/S
3.47
Market cap
$852.5M
Annual revenue$224.38M
FY2017FY2025
Annual net income$17.44M
FY2017FY2025
Annual free cash flow$58.83M
FY2017FY2025

ALRS revenue and earnings growth

ALRS revenueQ3 2026$81.07M

Quarter YoY
+11.7%
QoQ
+0.5%
FY YoY
+1.1%
5Y CAGR
-0.8%

ALRS revenue was $81.07M in fiscal Q3 2026 (ended Sep 30, 2026), up 11.7% from a year earlier and up 0.5% from the prior quarter. For the full fiscal 2025 it was $224.38M, up 1.1% from fiscal 2024. Compound annual growth was -0.8% over 5 years. It rose in 6 of the last 8 fiscal years.

ALRS net incomeQ3 2026$19.20M

Quarter YoY
+13.4%
QoQ
-8.0%
FY YoY
-1.9%
5Y CAGR
-17.2%

ALRS net income was $19.20M in fiscal Q3 2026 (ended Sep 30, 2026), up 13.4% from a year earlier and down 8.0% from the prior quarter. For the full fiscal 2025 it was $17.44M, down 1.9% from fiscal 2024. Compound annual growth was -17.2% over 5 years. It rose in 5 of the last 8 fiscal years.

ALRS EPSQ3 2026$0.76

Quarter YoY
+16.9%
QoQ
-6.2%
FY YoY
-18.1%
5Y CAGR
-23.0%

ALRS diluted EPS was $0.76 in fiscal Q3 2026 (ended Sep 30, 2026), up 16.9% from a year earlier and down 6.2% from the prior quarter. For the full fiscal 2025 it was $0.68, down 18.1% from fiscal 2024. Compound annual growth was -23.0% over 5 years.

ALRS free cash flowQ3 2026$49.83M

Quarter YoY
+64.4%
QoQ
+178.1%
FY YoY
+527.5%

ALRS free cash flow was $49.83M in fiscal Q3 2026 (ended Sep 30, 2026), up 64.4% from a year earlier and up 178.1% from the prior quarter. For the full fiscal 2025 it was $58.83M, up 527.5% from fiscal 2024. It rose in 1 of the last 4 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Revenue$224.38M$221.97M$168.07M$210.95M$234.49M$233.22M$188.75M$177.97M$170.72M
Interest expense--$77.04M$15.85M$5.56M$12.26M$18.75M$12.48M$7.97M
Pre-tax income$22.59M$23.16M$15.85M$52.18M$69.08M$58.52M$38.90M$33.04M$32.52M
Income tax$5.15M$5.38M$4.16M$12.18M$16.40M$13.84M$9.36M$7.17M$17.51M
Net income$17.44M$17.78M$11.70M$40.01M$52.68M$44.67M$29.54M$25.87M$15.00M
EPS, basic$0.69$0.84$0.59$2.12$3.02$2.57$1.96$1.88$1.10
EPS, diluted$0.68$0.83$0.58$2.10$2.97$2.52$1.91$1.84$1.07
Diluted shares25.7M21.3M20.1M18.9M17.5M17.4M15.1M14.1M14.0M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Cash and equivalents$67.19M$61.24M$129.89M$58.24M$242.31M$172.96M$144.01M$40.65M$122.00M
Goodwill$85.63M$85.63M$46.78M$47.09M$31.49M$30.20M$27.33M$27.33M-
Total assets$5.23B$5.26B$3.91B$3.78B$3.39B$3.01B$2.36B$2.18B$2.14B
Short-term debt$308.80M$238.96M$314.17M$378.08M--$0$93.46M-
Total debt$59.18M$59.07M$58.96M$58.84M$58.93M$58.73M$58.77M$58.82M-
Total liabilities$4.67B$4.77B$3.54B$3.42B$3.03B$2.68B$2.07B$1.98B-
Shareholders' equity$564.93M$495.41M$369.13M$356.87M$359.40M$330.16M$285.73M$162.46M$148.10M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Operating cash flow$67.53M$21.75M$26.82M$102.97M$149.83M-$22.25M$19.25M$53.55M$47.89M
Capital expenditures$8.70M$12.37M$3.07M$1.79M$1.71M$3.81M$2.90M$3.75M$2.95M
Free cash flow$58.83M$9.38M$23.75M$101.18M$148.13M-$26.06M$16.35M$49.80M$44.94M
Investing cash flow$76.55M-$322.82M-$49.92M-$292.62M-$417.66M-$538.39M-$65.59M-$154.71M-$205.09M
Financing cash flow-$138.13M$232.42M$94.76M$5.59M$337.18M$589.60M$149.70M$19.81M$71.83M
Dividends paid$20.82M$15.45M$14.82M$12.80M$10.75M$10.39M$8.91M$7.46M$6.73M
Share repurchases$737.0K$276.0K$6.64M$738.0K$712.0K$482.0K$1.95M$356.0K$294.0K
Stock-based compensation$2.70M$1.65M$1.63M$1.90M$3.10M$1.93M$1.75M$1.85M$938.0K
Depreciation and amortization$15.32M$9.84M$8.53M$8.47M$8.87M$8.95M$8.77M$8.73M$9.86M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Revenue growth, YoY1.1%32.1%-20.3%-10.0%0.5%23.6%6.1%4.3%-
Net income growth, YoY-1.9%52.0%-70.8%-24.1%17.9%51.2%14.2%72.4%-
EPS growth, YoY-18.1%43.1%-72.4%-29.3%17.9%31.9%3.8%72.0%-
Net margin7.8%8.0%7.0%19.0%22.5%19.2%15.7%14.5%8.8%
Free cash flow margin26.2%4.2%14.1%48.0%63.2%-11.2%8.7%28.0%26.3%
Return on equity3.1%3.6%3.2%11.2%14.7%13.5%10.3%15.9%10.1%
Return on assets0.3%0.3%0.3%1.1%1.6%1.5%1.3%1.2%0.7%
Debt to equity0.100.120.160.160.160.180.210.36-

Source: XBRL data Alerus Financial Corporation files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

ALRS peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ALRS$245.72M-14.8%$29.98M12.2%$852.5M
JPM$203.15B+13.2%$65.98B32.5%$908.43B
BAC$120.16B+5.4%$32.24B26.8%$348.81B
WFC$87.23B+5.4%$22.97B26.3%$256.63B
C$85.22B+5.6%$14.31B16.8%$201.89B
UBS$49.57B+2.0%$7.80B15.7%$151.93B
MFG¥8.79T+7.6%¥1.16T13.2%$122.19B
COF$63.01B+31.2%$10.87B17.2%$119.45B
BNSC$37.74B+12.1%C$7.79B20.6%$114.51B

ALRS FAQ

8 questions
  • What is ALRS revenue?
    Alerus Financial Corporation (ALRS) reported $245.72M of revenue for the twelve months ended Sep 30, 2026. That is down 14.8% from the year before. Revenue for fiscal 2025 was $224.38M.
  • Is ALRS profitable?
    Yes. Alerus Financial Corporation earned $29.98M in net income for the twelve months ended Sep 30, 2026, a net margin of 12.2%.
  • How much cash and debt does ALRS have?
    Alerus Financial Corporation reported $65.76M in cash and cash equivalents and $59.27M of debt on its most recent balance sheet in SEC filings.
  • How fast is ALRS revenue growing?
    Alerus Financial Corporation's revenue changed +1.1% in fiscal 2025, to $224.38M. Its compound annual growth rate was -0.8% over 5 years.
  • What is ALRS free cash flow?
    Alerus Financial Corporation generated $108.82M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $114.04M less capital expenditures.
  • What is ALRS earnings per share?
    Diluted earnings per share were $1.19 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did ALRS last report financial results?
    The latest statements here come from Alerus Financial Corporation's 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this ALRS financial data come from?
    Quantisnow builds these statements from the structured XBRL data Alerus Financial Corporation files with the SEC. It is provided for information only and is not investment advice.