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Alerus Financial Corp (ALRS) stock

ALRSNasdaqNational Commercial BanksFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 9/3060% above fair value
$34.50+0.23 (+0.67%)

Close on Nov 13, 2026Market cap $859.16MP/E 29.0Yield 2.41%

Alerus Financial Corp saw revenue fall 14.8% to $245.72M over the twelve months to Sep 30, 2026. Free cash flow was $111.73M, up 173.8% from a year earlier. At the latest close the market valued the company at $859.16M, 29.0 times its earnings.

Revenue
$245.72M
-14.8% vs. a year earlier
Free cash flow
$111.73M
+173.8% vs. a year earlier
EPS, diluted
$1.19
-39.0% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$859.16M
P/E ratio
29.0
Price to sales
3.50
Price to book
1.49
Dividend yield
2.41%
Free cash flow yield
13.00%

Fundamentals

Revenue
$245.72M
Net income
$29.98M
EPS, diluted
$1.19
Free cash flow
$111.73M
Book value per share
$22.93
Diluted shares
25M

Trading

Next earnings
Jan 27, 2027 (estimated, during market hours)
Previous close
$34.27
Open
$34.39
Day's range
$34.00 – $34.58
Volume
84,629
Average volume (20 days)
125,707
Index membership
Russell 2000 (since Dec 2019), Russell 3000 (since Aug 2025)
Beta (5 years)
0.73
52-week range
$20.93 – $35.49
RSI (14 days)
62.3
Volatility (1 year)
22.9%
Relative volume
0.49×
WACC
7.9%

Index membership is inferred from the holdings of funds that track each index (IWM, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2018, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

PeriodALRSS&P 500DifferenceALRS per yearS&P 500 per year
1 month+11.3%-3.0%+14.4 pts
3 months+2.5%-2.8%+5.3 pts
Year to date+56.7%+11.5%+45.2 pts
1 year+65.4%+13.5%+52.0 pts
3 years+118.4%+77.7%+40.7 pts+29.7%+21.1%
5 years+18.4%+72.6%−54.2 pts+3.4%+11.5%
10 years+181.8%+308.2%−126.4 pts+10.9%+15.1%

Ten years at a glance

Fiscal years 2016 to 2025 and trailing twelve months, USD

Revenue

$245.72M-14.8% YoY

Net income

$29.98M-40.5% YoY

EPS, diluted

$1.19-39.0% YoY

Free cash flow

$111.73M+173.8% YoY
Reported periodTrailing twelve months

Press releases

Releases Alerus Financial filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Alerus Financial

National Commercial Banks

Alerus Financial Corporation is a diversified financial services company providing banking, retirement and benefit services, and wealth management solutions. Through its banking division, the company offers commercial and consumer lending, residential mortgages, treasury management, and various deposit accounts. Its retirement and benefit services business delivers plan administration, investment advisory services, recordkeeping, employee stock ownership plan administration, and health account management, including health savings and flexible spending accounts. The wealth division provides fiduciary, financial planning, investment management, trust, estate administration, custody, and brokerage services. The company primarily serves consumers with complex financial needs as well as businesses, with a targeted emphasis on small to midsized enterprises across professional services, manufacturing, construction, retail, wholesale, and finance sectors.

Company profile, executives and history

Alerus Financial stock: common questions

What is Alerus Financial's stock price?

ALRS closed at $34.50 on Nov 13, 2026, up 0.67% on the day. Over the past 52 weeks it traded between $20.93 and $35.49.

What is Alerus Financial's market cap?

Alerus Financial was worth $859.16M at the close on Nov 13, 2026: the share price times the diluted shares outstanding.

What is ALRS's P/E ratio?

ALRS trades at 29.0 times earnings, based on diluted earnings per share of $1.19 over the twelve months to Sep 30, 2026.

How much revenue does Alerus Financial make?

Alerus Financial reported revenue of $245.72M for the twelve months to Sep 30, 2026, down 14.8% from a year earlier.

Does Alerus Financial pay a dividend?

Yes. Alerus Financial paid $0.83 per share over the last twelve months, a yield of 2.41% at the latest price, and has raised its annual dividend 8 years in a row.

When does Alerus Financial report earnings next?

Alerus Financial is expected to report Q4 FY2026 results on Jan 27, 2027, during market hours. The date is estimated from its past reporting pattern until the company confirms it.

How has ALRS stock performed over the past year?

Including dividends, ALRS returned +65.4% over the past year, against +13.5% for the S&P 500.

How many ALRS shares are sold short?

1M shares were sold short at the latest FINRA report, 3.77% of the float, or 6.9 days of average trading volume.

Who are Alerus Financial's competitors?

Companies most similar to Alerus Financial by business, industry and size include FULT, BFC, FISI, PFIS, FSUN.

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