Alerus Financial/$ALRS

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About Alerus Financial

Alerus Financial Corp is a financial holding company registered in the United States. The company operates in four segments: Banking, Retirement & Benefit Services, Wealth Management, and Mortgage. It provides various banking services such as checking, debit cards, savings, current deposits, loans and advances, online banking, mobile banking, private banking, payment solutions, and other business products. Additionally, the company provides mortgage loans, retirement planning solutions, individual retirement accounts, retirement plan advisory services as well as wealth management services, including financial & estate planning, trust, and fiduciary services. The company's revenue mainly consists of interest income, commission, management fees, and other income.

Ticker

$ALRS
Primary listing

Industry

Financial Services

Employees

869

ISIN

US01446U1034

Alerus Financial Metrics

BasicAdvanced
$565M
20.54
$1.08
0.72
$0.80
3.77%

What the Analysts think about Alerus Financial

Analyst ratings (Buy, Hold, Sell) for Alerus Financial stock.

Bulls say / Bears say

Alerus Financial's acquisition of HMN Financial, Inc. expanded its franchise into Rochester, Minnesota, adding 12 branches in Minnesota and one each in Iowa and Wisconsin, potentially enhancing earnings and growth opportunities. (tradingview.com)
Analysts at Raymond James initiated coverage on Alerus Financial with an 'outperform' rating and a $22.00 price target, indicating confidence in the company's future performance. (americanbankingnews.com)
Keefe, Bruyette & Woods raised their price target for Alerus Financial to $22.00, reflecting expectations of strong price appreciation. (defenseworld.net)
Alerus Financial's stock hit a 52-week low at $18.06 amid market shifts, indicating potential investor concerns. (investing.com)
The company reported a decrease in noninterest-bearing deposits to $657.5 million as of September 30, 2024, from $728.1 million as of December 31, 2023, which could impact liquidity. (tradingview.com)
Alerus Financial faced an increase in the provision for credit losses to $6.2 million for the nine months ended September 30, 2024, compared to $0.6 million for the same period in 2023, primarily due to loan growth and an increased reserve related to an individually evaluated loan. (tradingview.com)
Data summarised monthly by Lightyear AI. Last updated on 4 Jun 2025.

Alerus Financial Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

Alerus Financial Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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Jul11
Alerus Financial
Dividend·Payment
$0.21Per share
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