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 others. The company 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 and wealth management services, including retirement plans, and fiduciary services. The company's revenue mainly consists of interest income, commission, management fees, and other income.
Ticker
$ALRS
Sector
Finance
Primary listing
NASDAQ
Employees
843

Alerus Financial Metrics

BasicAdvanced
$828M
30.96
$1.07
0.69
$0.85
2.65%

What the Analysts think about Alerus Financial

Analyst ratings (Buy, Hold, Sell) for Alerus Financial stock.
Analyst projections of the future price of Alerus Financial stock.

Bulls say / Bears say

Net interest income grew 6.2% sequentially to $47.7 million in Q2 2026 and 10.9% year-over-year, reflecting strong asset-liability management and benefit from rising loan yields and investment securities. (GlobeNewswire)
Net interest margin expanded to 3.97% in Q2 2026, up 20 basis points from Q1 2026 and 46 basis points year-over-year, underscoring effective yield enhancement strategies. (GlobeNewswire)
Noninterest income rose 6.8% quarter-over-quarter to $32.9 million, driven by one-time gains, higher wealth advisory fees (+6.5% QoQ), and increased deposit service charges, diversifying revenue streams. (SEC EDGAR)
Net income declined to $20.9 million in Q2 2026 from $23.0 million in Q1 2026, indicating sequential earnings volatility. (GlobeNewswire)
Mortgage banking revenue fell 9.6% sequentially and mortgage originations plunged 44.7% year-over-year to $113.5 million, highlighting competitive pressures and rate headwinds. (SEC EDGAR)
Core net interest income growth included a one-time $1.6 million loan interest recovery and elevated purchase accounting accretion, raising questions about sustainability of underlying earnings. (SEC EDGAR)
Data summarised monthly by Lightyear AI. Last updated on 23 Aug 2026.

Alerus Financial Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Alerus Financial Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing Alerus Financial

Funds
Fund name
Fund size
$ALRS weighting
SPDR Russell 2000 US Small Cap€R2US
€4.8B0.03%
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