Saturday 17 October 2026 Export ALRS’s income statement to Excel — free account

Alerus Financial

Alerus Financial’s revenue for fiscal 2025 (year ended December 2025) was $331.5 million, down 1.48% from fiscal 2024. In the quarter to June 2026, revenue grew 1.35%, EPS grew 3.80%, free cash flow grew 136.9% and total debt was flat, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years; insiders bought in the last twelve months.

31.34 0.63 +2.05%

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Market cap: $765.5M
P/E: 29.0×
Fwd P/E: 9.7×
Dividend yield: 2.74%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.06

Total sells 0.02

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	1	—	—	—	1	—
Sell	—	—	—	—	—	—	—	—	—	—	1	—

Insider Ownership 10.49%

Capital & Financial Ratios $m

Market Cap 765.53

Revenue 334.91

Net Income 27.71

Free Cash Flow 89.31

Net Debt (50.27)

Current Ratio 0.90

Debt/Equity 0.10

P/E ratio 29.02

Fwd P/E 9.71

P/S ratio 2.35

P/B ratio 1.35

Past 5Y EPS Growth (23.05%)

This Y EPS Growth 8.49%

Next Y EPS Growth (6.83%)

Next Y revenue growth (6.16%)

Next 5Y EPS Growth 1.42%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 82.08%

10-year low 10-year high

P/S against its own 10 years 95.77%

10-year low 10-year high

P/B against its own 10 years 67.30%

10-year low 10-year high

Dividends

Payout Ratio 0.81

Annual Dividend Rate 0.86

Annual Dividend Yield 2.74%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.87	0.21 0.22 0.22
2025	0.83	0.20 0.21 0.21 0.21
2024	0.79	0.19 0.20 0.20 0.20
2023	0.75	0.18 0.19 0.19 0.19
2022	0.70	0.16 0.18 0.18 0.18
2021	0.63	0.15 0.16 0.16 0.16
2020	0.60	0.15 0.15 0.15 0.15
2019	0.57	0.14 0.14 0.14 0.15
2018	0.53	0.13 0.13 0.13 0.14
2017	0.48	0.12 0.12 0.12 0.12
2016	0.44	0.11 0.11 0.11 0.11

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	130	65	69	110
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	2,881	4,034	4,099	4,142

	2023	2024	2025	Q'26
Payables	3,096	4,378	4,192	4,192
ST’ Debt	—	—	—	—
Other	—	—	—	—
	3,474	4,688	4,570	4,604

Compound Annual Growth %

	10y	5y	3y
Sales	—	6.19%	13.49%
Cash Flow	—	0.00%	(13.12%)
Earnings	—	(16.83%)	(23.87%)
Book Value	—	11.34%	16.55%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	98	104	—	—	—
’25	96	102	100	33	332
’24	74	80	81	101	337
’23	63	66	70	45	245
’22	53	54	59	61	227
’21	64	59	59	58	240
’20	50	62	70	64	245

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	28	19	—	—	—
’25	8	11	33	16	68
’24	12	(12)	20	2	22
’23	(2)	14	13	2	27
’22	35	(18)	37	48	103
’21	55	29	33	32	150
’20	(21)	(2)	3	(2)	(22)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	26	18	—	—	—
’25	6	8	30	15	59
’24	11	(16)	20	(6)	9
’23	(3)	14	12	0	24
’22	35	(18)	36	48	101
’21	55	29	33	31	148
’20	(22)	(3)	2	(3)	(26)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.89	0.81	—	—	—
’25	0.52	0.78	0.65	(1.29)	0.68
’24	0.32	0.31	0.26	0.13	0.98
’23	0.40	0.45	0.45	(0.73)	0.58
’22	0.57	0.52	0.47	0.53	2.10
’21	0.86	0.66	0.74	0.72	2.97
’20	0.30	0.65	0.99	0.57	2.52

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	16.20	16.67	19.21	18.70	15.05	24.06	20.20	13.11	18.09	15.78	Analyst estimates 2026–2028 Powerpack
	High	20.00	20.75	26.50	24.00	28.94	38.31	30.49	23.78	25.85	24.33
People
People	Employees	—	—	792	789	851	836	837	754	892	864
	Revenue/emp, $m	0.00	0.00	0.24	0.26	0.29	0.29	0.27	0.33	0.38	0.38
Income, $m
Income, $m	Revenue	168	179	190	207	245	240	227	245	337	332
	Gross margin, %	0.00	95.54	93.45	90.96	95.01	97.68	93.01	68.57	65.96	67.68
	EBT	21	33	33	39	59	69	52	16	23	23
	EBT margin, %	12.59	18.20	17.35	18.75	23.84	28.78	23.01	6.47	6.88	6.81
	Net income	14	15	26	30	45	53	40	12	18	17
	Depreciation	—	12	10	10	11	13	12	11	16	18
Per share, $
Per share, $	Revenue	12.45	13.09	13.84	14.08	14.35	13.97	12.17	12.30	15.99	13.06
	Earnings	1.00	1.10	1.88	1.96	2.57	3.02	2.12	0.59	1.00	0.69
	Cash flow	1.51	3.51	3.89	1.31	(1.30)	8.72	5.52	1.35	1.03	2.66
	Capex	0.00	(0.04)	(0.27)	(0.14)	(0.22)	(0.10)	(0.10)	(0.15)	(0.59)	(0.34)
	Free cash flow	1.51	3.47	3.62	1.17	(1.52)	8.62	5.43	1.19	0.45	2.32
	Book value	12.52	0.00	11.80	19.39	19.30	20.91	19.15	18.53	23.54	22.26
	Shares, m	13	14	14	15	17	17	19	20	21	25
Valuation, ×
Valuation, ×	P/E	17.45	10.00	4.92	11.54	10.69	9.70	10.57	38.09	18.86	33.61
	P/S	0.00	0.00	0.00	1.62	1.91	2.10	1.85	1.80	1.20	1.72
	P/B	0.00	0.00	1.63	1.18	1.42	1.40	1.18	1.19	0.82	1.01
	EV/Sales	0.00	0.00	0.00	1.21	1.44	1.33	1.85	1.51	1.19	1.69
	EV/FCF	0.00	0.00	0.00	14.60	(13.58)	2.16	4.15	15.55	42.61	9.55
Cash, $m
Cash, $m	Operating cash flow	20	48	54	19	(22)	150	103	27	22	68
	Capex	(2)	(1)	(4)	(2)	(4)	(2)	(2)	(3)	(12)	(9)
	Free cash flow	20	47	50	17	(26)	148	101	24	9	59
Balance, $m
Balance, $m	Working capital	—	—	(123)	(108)	(367)	(946)	(865)	(593)	(654)	(471)
	Total debt	60	59	59	59	59	59	59	59	59	59
	Net debt	60	59	17	(85)	(114)	(183)	1	(71)	(5)	(10)
	Shareholders’ equity	169	—	162	286	330	359	357	369	495	565
Returns, %
Returns, %	ROA	0.67	1.46	1.22	1.27	1.63	1.62	1.10	0.30	0.39	0.33
	ROIC	0.00	34.44	11.53	12.13	16.94	24.53	9.12	3.32	2.95	2.54
	ROE	8.03	8.60	15.11	12.89	14.26	15.05	11.05	3.22	4.10	3.29

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SPFI South Plains Financial, Inc.	$809.1M	11.4×	11.7×	+16.84% (above 0%: growing)	+10.00% (above 0%: growing)	+104.00% (above 0%: growing)	72.34%	0.00%	Compare
IBCP Independent Bank Corp.	$783.4M	10.2×	10.0×	+5.66% (above 0%: growing)	+12.35% (above 0%: growing)	−1.00% (below 0%: shrinking)	76.53%	0.00%	Compare
HTB HomeTrust Bancshares, Inc.	$776.1M	12.2×	12.9×	−4.58% (below 0%: shrinking)	−5.94% (below 0%: shrinking)	+417.30% (above 0%: growing)	77.45%	0.00%	Compare
FISI Financial Institutions, Inc.	$773.9M	9.6×	9.2×	+0.58% (above 0%: growing)	+24.71% (above 0%: growing)	+397.95% (above 0%: growing)	68.40%	0.00%	Compare
PGC Peapack-Gladstone Financial Corporation	$769.9M	14.8×	11.9×	+10.12% (above 0%: growing)	+97.78% (above 0%: growing)	+388.43% (above 0%: growing)	70.34%	0.00%	Compare
SMBC Southern Missouri Bancorp, Inc.	$769.7M	10.9×	10.3×	+2.83% (above 0%: growing)	+31.43% (above 0%: growing)	−50.54% (below 0%: shrinking)	64.61%	0.00%	Compare
ALRS Alerus Financial	$765.5M	29.0×	9.7×	+1.35% (above 0%: growing)	+3.80% (above 0%: growing)	+136.92% (above 0%: growing)	77.88%	0.00%
SHBI Shore Bancshares Inc	$752.2M	11.4×	10.1×	+0.40% (above 0%: growing)	+21.74% (above 0%: growing)	+185.78% (above 0%: growing)	71.57%	0.00%	Compare
VBNK VersaBank	$725.9M	29.3×	18.0×	+19.17% (above 0%: growing)	+46.67% (above 0%: growing)	−124.97% (below 0%: shrinking)	42.29%	0.00%	Compare
Median of peers	$771.9M	11.4×	11.0×	+4.25%	+23.23%	+144.89%	70.96%	0.00%

All 323 Banks Regional stocks →

Alerus Financial (ALRS) key facts

Concern: Alerus Financial’s revenue for fiscal 2025 (year ended December 2025) was $331.5 million, down 1.48% from fiscal 2024.
Alerus Financial (ALRS) is a Banks Regional company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, ALRS traded at $31.34, a market capitalization of $765.5 million.
Alerus Financial pays an annual dividend of $0.86 per share, a yield of 2.74%, with a payout ratio of 81.1%.
Return on equity was 3.29% and debt-to-equity 0.10.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.