Alerus Financial Corp (ALRS)
Operating cash flow minus capital spending left $58.8M of free cash flow in fiscal 2025. At September 30, 2026 it held $65.8M in cash against $59.3M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about Alerus Financial Corp
- Net worth
- Alerus Financial Corp has a market value (market cap) of $857.9M at the latest share price, and shareholders' equity of $576.9M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Cash flow
- In fiscal 2025 operations brought in $67.5M of cash; after $8.7M of capital spending, free cash flow was $58.8M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Alerus Financial Corp's next report is expected around January 27, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Alerus Financial Corp declared dividends of $0.83 per share in fiscal 2025, a yield of 2.41% at the current price.
What Alerus Financial Corp does
Alerus Financial Corp is registered with the SEC under industry code SIC 6021 (National Commercial Banks). Its shares trade on NASDAQ under the ticker ALRS.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | n/a | $17.4M | $0.68 | $58.8M |
| 2024 | n/a | $17.8M | $0.83 | $9.4M |
| 2023 | n/a | $11.7M | $0.58 | $23.7M |
| 2022 | n/a | $40M | $2.10 | $101.2M |
| 2021 | n/a | $52.7M | $2.97 | $148.1M |
| 2020 | n/a | $44.7M | $2.52 | -$26.1M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Dividends
Alerus Financial Corp declared $0.83 per share in fiscal 2025. At the current price that is a yield of 2.41%. It paid out $20.8M in cash dividends, 119% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $0.83 | $20.8M | 119% |
| 2024 | $0.79 | $15.4M | 87% |
| 2023 | $0.75 | $14.8M | 127% |
| 2022 | $0.70 | $12.8M | 32% |
| 2021 | $0.63 | $10.8M | 20% |
| 2020 | $0.60 | $10.4M | 23% |
Latest SEC filings
What Alerus Financial Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026
- October 28, 2026
- September 2, 2026
- August 27, 2026Other event 8-K
- August 3, 2026
- July 29, 2026
- May 22, 2026Other event 8-K
- May 19, 2026Other event 8-K
- May 15, 2026
- May 1, 2026
Insider trades
What the people running Alerus Financial Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $32.5K and sold $19.8K worth of shares in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 22, 2026 | Newman Randy LDirector | Gave as a gift | 89,923 | - |
| September 14, 2026 | Koob KariSVP, Controller | Sold | 597 | $19.8K |
| September 1, 2026 | Bolton JeffreyDirector | Bought | 1,000 | $32.5K |
| July 3, 2026 | Koob KariSVP, Controller | Shares withheld for tax | 102 | $3.2K |
| July 1, 2026 | Koob KariSVP, Controller | Shares withheld for tax | 140 | $4.4K |
| May 27, 2026 | Bolton JeffreyDirector | Bought | 1,000 | $28.7K |
| May 22, 2026 | Newman Randy LDirector | Received as pay | 1,772 | - |
| May 22, 2026 | Sorum NikkiDirector | Received as pay | 1,772 | - |
Who owns ALRS
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 161 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Alerus Financial NA | 2,116,173 | -125,568 |
| BlackRock, Inc. | 1,822,242 | +61,491 |
| Vanguard Capital Management LLC | 945,852 | -15,924 |
| Dimensional Fund Advisors LP | 943,445 | +56,630 |
| Geode Capital Management, LLC | 655,184 | +37,508 |
| State Street Corp | 561,249 | +68,087 |
| Goldman Sachs Group Inc | 525,321 | +158,794 |
| Stieven Capital Advisors, L.P. | 382,034 | +43,110 |
| Phocas Financial Corp. | 354,155 | +93,259 |
| Banc Funds Co LLC | 349,165 | 0 |
| Endeavour Capital Advisors Inc | 339,518 | -222,711 |
| Ameriprise Financial Inc | 310,910 | -73,030 |
| Aqr Capital Management LLC | 296,688 | +27,523 |
| Choreo, LLC | 293,265 | -416 |
| American Century Companies Inc | 277,688 | -32,435 |
| Morgan Stanley | 237,432 | -35,557 |
| Gendell Jeffrey L | 233,700 | 0 |
| Grace & White Inc | 228,108 | 0 |
| ProShare Advisors LLC | 226,312 | new |
| Vanguard Portfolio Management LLC | 209,780 | +33,849 |
Insiders
14 insiders reported holding 486,662 shares in total, about $16.8M at the last price.
| Holder | Shares |
|---|---|
| Newman Randy LDirector | 219,963 |
| Lorenson Katie AChief Executive Officer, Director | 58,531 |
| Coughlin Daniel EDirector | 49,083 |
| Taylor Karin MEVP and COO | 28,590 |
| Vetter Galen GDirector | 27,311 |
| Collins JimEVP, CBO & CRO | 16,108 |
| Villalon AlanEVP & Chief Financial Officer | 15,719 |
| Bolton JeffreyDirector | 15,163 |
| Estep Janet ODirector | 14,841 |
| Keney MissyChief Engagement Officer | 13,7723,566 held indirectly |
Questions about ALRS
What does Alerus Financial Corp do?
Alerus Financial Corp is a company in the Finance sector, listed on NASDAQ as ALRS. Its shares trade on NASDAQ under the ticker ALRS.
What is Alerus Financial Corp's net worth?
Alerus Financial Corp has a market value (market cap) of $857.9M at the latest share price, and shareholders' equity of $576.9M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Alerus Financial Corp profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $30M.
When did Alerus Financial Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026.
When is Alerus Financial Corp's next earnings report?
Alerus Financial Corp's next report is expected around January 27, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Alerus Financial Corp pay a dividend?
Yes. Alerus Financial Corp declared dividends of $0.83 per share in fiscal 2025, a yield of 2.41% at the current price.
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Where the numbers come from
Financial figures are the values Alerus Financial Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.