Alerus Financial Corporation (ALRS)

NASDAQ: ALRS · Real-Time Price · USD
25.50
+0.18 (0.71%)
At close: Apr 10, 2026, 4:00 PM EDT
25.49
-0.01 (-0.04%)
After-hours: Apr 10, 2026, 4:10 PM EDT
Market Cap651.79M +37.9%
Revenue (ttm)223.82M +9.8%
Net Income17.40M -1.9%
EPS0.68 -18.1%
Shares Out 25.56M
PE Ratio37.50
Forward PE9.90
Dividend$0.84 (3.29%)
Ex-Dividend DateMar 27, 2026
Volume208,904
Open25.33
Previous Close25.32
Day's Range24.91 - 25.50
52-Week Range15.78 - 26.32
Beta0.60
AnalystsHold
Price Target25.40 (-0.39%)
Earnings DateApr 29, 2026

About ALRS

Alerus Financial Corporation operates as the bank holding company for Alerus Financial, National Association that provides various financial services to businesses and consumers in the United States. The company operates in three segments: Banking, Retirement and Benefit Services, and Wealth. It offers demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, noninterest-bearing deposits, interest-bearing checking accounts, and certificates of deposit; and treasury management products, including e... [Read more]

Sector Financials
IPO Date Sep 13, 2019
Employees 864
Stock Exchange NASDAQ
Ticker Symbol ALRS
Full Company Profile

Financial Performance

In 2025, Alerus Financial's revenue was $223.82 million, an increase of 9.80% compared to the previous year's $203.83 million. Earnings were $17.40 million, a decrease of -1.93%.

Financial Statements

Analyst Summary

According to 6 analysts, the average rating for ALRS stock is "Hold." The 12-month stock price target is $25.4, which is a decrease of -0.39% from the latest price.

Price Target
$25.4
(-0.39% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Alerus Financial Corporation to Announce First Quarter Financial Results on Wednesday, April 29

MINNEAPOLIS, April 02, 2026 (GLOBE NEWSWIRE) -- Alerus Financial Corporation (Nasdaq: ALRS) announced that it will issue its first quarter financial results on Wednesday, April 29, 2026.

8 days ago - GlobeNewsWire

Alerus Financial Corporation Declares Cash Dividend on Common Shares

MINNEAPOLIS, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.21 per common share on...

6 weeks ago - GlobeNewsWire

Alerus Financial Corporation Announces Fourth Quarter 2025 Results, Including Balance Sheet Repositioning

MINNEAPOLIS, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported a net loss of $33.1 million for the fourth quarter of 2025, or $(1.27) per diluted ...

2 months ago - GlobeNewsWire

Alerus Financial Corporation to Announce Fourth Quarter Financial Results on Wednesday, January 28

MINNEAPOLIS, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Alerus Financial Corporation (Nasdaq: ALRS) announced that it will issue its fourth quarter financial results on Wednesday, January 28, 2026. Alerus Fina...

3 months ago - GlobeNewsWire

Alerus Financial Corporation Reports Third Quarter 2025 Net Income of $16.9 Million

MINNEAPOLIS--(BUSINESS WIRE)--ALERUS FINANCIAL CORPORATION REPORTS THIRD QUARTER 2025 NET INCOME OF $16.9 MILLION.

5 months ago - Business Wire

Alerus Financial Corporation to Announce Third Quarter Financial Results on Thursday, October 30

MINNEAPOLIS--(BUSINESS WIRE)--ALERUS FINANCIAL CORPORATION TO ANNOUNCE THIRD QUARTER FINANCIAL RESULTS ON THURSDAY, OCTOBER 30.

6 months ago - Business Wire

Alerus Financial Corporation Reports Second Quarter 2025 Net Income of $20.3 Million

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $20.3 million for the second quarter of 2025, or $0.78 per diluted common share, compa...

9 months ago - Business Wire

Alerus Financial Corporation to Announce Second Quarter Financial Results on Monday, July 28

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) announced that it will issue its second quarter financial results on Monday, July 28, 2025. Alerus Financial Corporation will ...

9 months ago - Business Wire

Alerus Financial Corporation Reports First Quarter 2025 Net Income of $13.3 Million

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $13.3 million for the first quarter of 2025, or $0.52 per diluted common share, compar...

1 year ago - Business Wire

Alerus Financial Corporation to Announce First Quarter Financial Results on Monday, April 28

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) announced that it will issue its first quarter financial results on Monday, April 28, 2025. Alerus Financial Corporation will ...

1 year ago - Business Wire

Alerus Financial Corporation Reports Fourth Quarter 2024 Net Income of $3.2 Million

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $3.2 million for the fourth quarter of 2024, or $0.13 per diluted common share, compar...

1 year ago - Business Wire

Alerus Financial Corporation to Announce Fourth Quarter Financial Results on Tuesday, January 28

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) announced that it will issue its third quarter financial results on Tuesday, January 28, 2025. Alerus Financial Corporation wi...

1 year ago - Business Wire

Alerus Financial Corporation Names Karin Taylor Chief Operating Officer

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) announced Jon Hendry, Executive Vice President and Chief Technology Officer, will retire at year end. As part of his planned s...

1 year ago - Business Wire

Alerus Financial Corporation Reports Third Quarter 2024 Net Income of $5.2 Million

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $5.2 million for the third quarter of 2024, or $0.26 per diluted common share, compare...

1 year ago - Business Wire

Alerus Financial Corporation Completes Acquisition of HMN Financial, Inc.

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) and its wholly owned subsidiary, Alerus Financial, National Association, (together, “Alerus”) announced today they have ...

1 year ago - Business Wire

Alerus Financial Corporation to Announce Third Quarter Financial Results on Tuesday, October 29

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) announced that it will issue its third quarter financial results on Tuesday, October 29, 2024. Alerus Financial Corporation wi...

1 year ago - Business Wire

Alerus Financial Corporation and HMN Financial, Inc. Receive Stockholder and Regulatory Approval to Proceed With Merger

GRAND FORKS, N.D. & ROCHESTER, Minn.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) and its wholly owned subsidiary, Alerus Financial, National Association, (together, “Alerus”) announc...

1 year ago - Business Wire

HMN FINANCIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of HMN Financial, Inc. - HMNF

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of HMN Financial, I...

1 year ago - Business Wire

Alerus Financial Corporation Reports Second Quarter 2024 Net Income of $6.2 Million

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $6.2 million for the second quarter of 2024, or $0.31 per diluted common share, compar...

1 year ago - Business Wire

Alerus Financial Corporation to Announce Second Quarter Financial Results on Wednesday, July 24

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) announced that it will issue its second quarter financial results on Wednesday, July 24, 2024. Alerus Financial Corporation wi...

1 year ago - Business Wire

Alerus Adds Equipment Finance Team

PHOENIX--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) is pleased to announce it is expanding its specialty lending capabilities with the addition of an experienced team focused on prov...

1 year ago - Business Wire

HMN FINANCIAL INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of HMN Financial, Inc. - HMNF

NEW ORLEANS , May 16, 2024 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

2 years ago - PRNewsWire

Alerus Financial Corporation and HMN Financial, Inc. Jointly Announce Strategic Transaction

GRAND FORKS, N.D. & ROCHESTER, Minn.--(BUSINESS WIRE)--Alerus Financial Corporation (“Alerus”) (Nasdaq: ALRS) and HMN Financial, Inc. (“HMNF”) (Nasdaq: HMNF) jointly announced today the signing of a d...

2 years ago - Business Wire

Alerus Financial Corporation Reports First Quarter 2024 Net Income of $6.4 Million

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $6.4 million for the first quarter of 2024, or $0.32 per diluted common share, compare...

2 years ago - Business Wire

Alerus Financial Corporation to Announce First Quarter Financial Results on Wednesday, April 24

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its first quarter financial results on Wednesday, April 24, 2024. Alerus Financial Corporation wi...

2 years ago - Business Wire