ALRS
ALERUS FINANCIAL CORP
Next earnings Jul 27, 2026 · consensus $0.71 EPS, $77.5M rev
Last earnings -1.1% on 2026-04-29
$30.82
▲ +0.62%$30.82▲ +47.80%
over 1Y
L $19.88EODHDH $30.82
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.6%
1W+3.6%
1M+7.3%
3M+30.8%
YTD+38.5%
1Y+47.8%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 9 analysts
Sell
Diversified community bank with fee-rich retirement/wealth franchise, but 3.1% ROE and 45x P/E leave little margin for error.
Net income $17.4M · FY2025
The read
Middling fundamentals and a rich price (~83% above fair value) leave little margin of safety — a wait-and-see.
Alerus is a $5.2B-asset Grand Forks-headquartered bank holding company whose differentiator is a fee-heavy mix — the MD&A explicitly states the company 'generates a majority of its overall revenue from noninterest income, which is driven primarily by the Company's retirement and benefit services and wealth business lines,' with $44.9B of retirement AUA/AUM and $4.9B of wealth AUA/AUM riding alongside a $4.0B loan book and $4.2B of deposits. That mix should in theory deliver a higher-quality earnings stream than a pure spread lender, and equity grew a healthy 14.0% YoY to $565M while operating cash flow more than tripled to $67.5M — both constructive signs of underlying franchise health.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $52.7M | $40.0M | $11.7M | $17.8M | $17.4M |
| Diluted EPS | $2.97 | $2.10 | $0.58 | $0.83 | $0.68 |
| Net margin | — | — | — | — | — |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF13.3
PEG (trailing)—
Earnings yield2.2%
FCF yield7.5%
Quality & risk
ROIC (est.)—
Free cash flow$58.8M
Total debt$368M
Net cash-$301M
Piotroski F-Score3/6
Capital returns
Buyback yield0.1%
Dividend yield (est.)2.7%
Shareholder yield2.8%
Shares Δ YoY+0.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 8-K Other event2026-05-22
Other event disclosure with exhibit; no material financial change signaled
- 8-K Other event2026-05-19
Other event disclosure with exhibit; routine corporate communication
- 8-K Shareholder vote2026-05-15
Annual meeting vote results filed; director slate and proposals decided
- 10-Q Quarterly report2026-05-01
Q1 2026 results filed; bank continues navigating margin pressure
- 8-K Earnings results2026-04-29
Q1 2026 earnings release furnished via Reg FD with press release exhibit
- DEF 14A Proxy statement2026-04-01
Proxy statement issued ahead of annual meeting; routine governance
- 8-K Material agreement2026-03-31
Entered new material agreement creating a direct financial obligation
- 10-K Annual report2026-03-04
FY25 net income -1.9%, diluted EPS -18% on share dilution; ROE just 3.1%
- 8-K Other event2026-02-26
Other event disclosure with exhibit; routine corporate communication
Recent filings
all on EDGAR ↗4Period ending 2026-05-272026-05-29open ↗4Period ending 2026-05-222026-05-27open ↗4Period ending 2026-05-222026-05-27open ↗4Period ending 2026-05-222026-05-27open ↗4Period ending 2026-05-222026-05-27open ↗4Period ending 2026-05-222026-05-27open ↗4Period ending 2026-05-222026-05-27open ↗4Period ending 2026-05-222026-05-27open ↗4Period ending 2026-05-222026-05-27open ↗8-KPeriod ending 2026-05-222026-05-22open ↗8-KPeriod ending 2026-05-192026-05-19open ↗8-KPeriod ending 2026-05-142026-05-15open ↗
Frequently asked
- Is ALERUS FINANCIAL CORP (ALRS) a buy?
- ALRS currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Diversified community bank with fee-rich retirement/wealth franchise, but 3.1% ROE and 45x P/E leave little margin for error.
- What is ALRS's fair value?
- A Modified-Graham model based on ALRS's SEC fundamentals estimates a fair value of about $5.20. It is an estimate from reported earnings, not a price target.
- Is ALRS overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, ALRS currently appears overvalued relative to its SEC-grounded earnings power.
- What is ALERUS FINANCIAL CORP's quality score?
- ALRS scores 48.05882352941176/100 (grade D) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000903419, latest 10-Q filed 2026-05-01) · EODHD · analysis by claude-code · as of 6/25/2026, 3:04:22 PM.
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