ALRS Stock - Alerus Financial Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $330.41M | $243.16M | $224.58M | $235.79M | $239.77M |
| Gross Profit | $197.73M | $164.06M | $208.77M | $233.74M | $216.61M |
| Gross Margin | 59.8% | 67.5% | 93.0% | 99.1% | 90.3% |
| Operating Income | $23.16M | $15.85M | $52.18M | $69.08M | $58.52M |
| Net Income | $17.74M | $11.70M | $40.01M | $52.68M | $44.67M |
| Net Margin | 5.4% | 4.8% | 17.8% | 22.3% | 18.6% |
| EPS | $0.84 | $0.59 | $2.12 | $3.02 | $2.57 |
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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| January 7th 2026 | Hovde Group | Downgrade | Market Perform | - |
| January 5th 2026 | Raymond James | Upgrade | Strong Buy | $27 |
| January 14th 2025 | Raymond James | Resumed | Outperform | $22 |
| September 17th 2024 | Raymond James | Upgrade | Outperform | $24 |
| May 16th 2024 | Hovde Group | Upgrade | Outperform | $23← $21 |
| April 12th 2023 | Keefe Bruyette | Initiation | Market Perform | $18 |
| January 27th 2023 | Raymond James | Resumed | Market Perform | - |
| January 26th 2023 | Hovde Group | Downgrade | Market Perform | $21 |
| July 29th 2022 | Hovde Group | Upgrade | Outperform | $28← $27 |
| May 18th 2022 | Hovde Group | Initiation | Market Perform | $29 |
Earnings History & Surprises
ALRSEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 27, 2026 | — | — | — | — |
Q1 2026 | Jan 28, 2026 | $0.57 | — | — | — |
Q4 2025 | Oct 30, 2025 | $0.59 | $0.66 | +11.9% | ✓ BEAT |
Q3 2025 | Jul 28, 2025 | $0.56 | $0.72 | +28.6% | ✓ BEAT |
Q2 2025 | Apr 28, 2025 | $0.43 | $0.56 | +30.2% | ✓ BEAT |
Q1 2025 | Jan 28, 2025 | $0.39 | $0.44 | +12.8% | ✓ BEAT |
Q4 2024 | Oct 29, 2024 | $0.44 | $0.26 | -40.9% | ✗ MISS |
Q3 2024 | Jul 24, 2024 | $0.36 | $0.31 | -13.9% | ✗ MISS |
Q2 2024 | Apr 24, 2024 | $0.32 | $0.32 | 0.0% | = MET |
Q1 2024 | Jan 24, 2024 | $0.29 | $0.24 | -17.2% | ✗ MISS |
Q4 2023 | Oct 25, 2023 | $0.36 | $0.45 | +25.0% | ✓ BEAT |
Q3 2023 | Jul 26, 2023 | $0.35 | $0.45 | +28.6% | ✓ BEAT |
Q2 2023 | Apr 26, 2023 | $0.37 | $0.40 | +8.1% | ✓ BEAT |
Q1 2023 | Mar 10, 2023 | — | $0.54 | — | — |
Q4 2022 | Oct 26, 2022 | $0.54 | $0.47 | -13.0% | ✗ MISS |
Q3 2022 | Jul 27, 2022 | $0.55 | $0.52 | -5.5% | ✗ MISS |
Q2 2022 | Apr 27, 2022 | $0.54 | $0.57 | +5.6% | ✓ BEAT |
Q1 2022 | Jan 26, 2022 | $0.53 | $0.72 | +35.8% | ✓ BEAT |
Q4 2021 | Oct 27, 2021 | $0.50 | $0.74 | +48.0% | ✓ BEAT |
Q3 2021 | Jul 28, 2021 | $0.56 | $0.66 | +17.9% | ✓ BEAT |
Latest News
Hovde Group Downgrades Alerus Financial to Market Perform
📉 NegativeRaymond James Upgrades Alerus Financial to Strong Buy, Raises Price Target to $27
📈 PositivePiper Sandler Maintains Neutral on Alerus Financial, Lowers Price Target to $24
➖ NeutralKeefe, Bruyette & Woods Maintains Market Perform on Alerus Financial, Lowers Price Target to $24
➖ NeutralAlerus Finl Q3 Adj. EPS $0.66 Beats $0.59 Estimate, Sales $72.566M Beat $71.421M Estimate
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