ALRSNasdaqNational Commercial BanksFiscal year ends December 31
ALERUS FINANCIAL CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 3, 2026
$31.16−0.18 (-0.57%)
Close on Oct 19, 2026
- Market cap
- $791.31M
- P/E (TTM)
- 28.9
- Dividend yield
- 2.66%
Margins
Share of revenue, fiscal years 2016 to 2025
Net margin
7.8%−11.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +1.1% | +2.1% | -0.8% | – | |
| Net income | -1.9% | -24.2% | -17.2% | – | |
| EPS, diluted | -18.1% | -31.3% | -23.0% | – | |
| Free cash flow | +527.5% | -16.5% | – | – | |
| Dividend per share | +5.1% | +5.8% | +6.7% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 14.5% | 3.3% | |
| Return on assets | – | 1.7% | 0.3% | |
| Capex to revenue | – | 1.6% | 3.9% | |
| Diluted shares | – | 17M | 26M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Alerus Financial generated $368.89M from operations and spent $111.38M on capital expenditure, dividends and share buybacks. 25% of that went back into the business.
Generated
$368.89M
Used
$111.38M
Capital expenditure$27.64M25%Dividends$74.64M67%Share buybacks$9.10M8%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin7.8%
×Asset turnover0.04×
×Equity multiplier9.89×
=Return on equity, FY20253.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 7.8% | 0.04× | 9.89× | 3.3% |
| FY2024 | 8.0% | 0.05× | 10.61× | 4.1% |
| FY2023 | 7.0% | 0.04× | 10.59× | 3.2% |
| FY2022 | 19.0% | 0.06× | 10.01× | 11.2% |
| FY2021 | 22.5% | 0.07× | 9.29× | 15.3% |
| FY2020 | 19.2% | 0.09× | 8.72× | 14.5% |
| FY2019 | 15.7% | 0.08× | 10.12× | 13.2% |
| FY2018 | 14.5% | 0.08× | 13.89× | 16.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$17.44M
- Cash generatingOperating cash flow above zero$67.53M
- Return on assets improvedROA up on the prior year0.5% → 0.3%
- Earnings backed by cashOperating cash flow above net income$67.53M vs $17.44M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise21M → 26M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.06 → 0.04