profit from every $100 of sales.
$0$100
Alerus Financial
$34.45+1.89% today
+64.0% in 1 year
1-year low $21.011-year high $34.83
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $48.88 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Alerus Financial sold, what it kept, and what it did with the cash.
Sales went from $209 million in 2022 to $221 million in 2025, with $17.4 million of profit last year.
SalesProfit
Alerus Financial handed back 37% of the cash it generated last year.
$21M
Free cash flow 2025$59M
Bought back its own shares$737,000
Paid as dividends$21M
Cash vs. debt$67M vs. $404M
Alerus Financial vs. similar companies
Alerus Financial grows in the middle of these 5 and is the most expensive for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Alerus Financial | 48.9× · Expensive | ||
 China Merchants Bank | 7.8× · Cheap | ||
 DBS Group Holdings | 18.1× · Fair price | ||
 UniCredit | 11.6× · Cheap | ||
 HDFC Bank | 18.5× · Fair price |
AI analysis
An AI analyst reads Alerus Financial's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 209 | 166 | 224 | 221 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 40 | 12 | 18 | 17 | |
| 2.10 | 0.58 | 0.98 | 0.68 | |
| – | – | – | – | |
| – | – | – | – | |
| 19.2% | 7.0% | 7.9% | 7.9% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 3,780 | 3,908 | 5,262 | 5,230 |
| Cash | 58 | 130 | 61 | 67 |
| Total debt | 443 | 379 | 317 | 404 |
| Total liabilities | 3,423 | 3,539 | 4,766 | 4,665 |
| 357 | 369 | 495 | 565 | |
| 19 | 20 | 21 | 26 | |
| – | – | – | – | |
| 11.2% | 3.2% | 3.6% | 3.1% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 103 | 27 | 22 | 68 | |
| 2 | 3 | 12 | 9 | |
| 101 | 24 | 9 | 59 | |
| Dividends paid | 13 | 15 | 15 | 21 |
| 1 | 7 | 0 | 1 | |
| 2 | -1 | 2 | 3 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 48.9×
- 11.8×
- –
- 1.3×
- 3.9×
- 2.0%
- 2.9%
Profitability
- 7.9%
- 0.5%
- 4.6%
- 4.9%
- 0.5%
Growth
- +1.9%
- −31.3%
- +6.7%
- +10.2%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 20%of 843
Bottom 26%of 730
Bottom 9%of 866
Bottom 26%of 862
Top 44%of 921
What analysts expect
- Average price target
- $28.75
- Range
- $28.50 – $29.00
- 1 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 29, 2026 | 0.89 | 0.58 | +53.4% |
| Jan 28, 2026 | 0.85 | 0.57 | +49.1% |
| Oct 30, 2025 | 0.66 | 0.59 | +11.9% |
| Jul 28, 2025 | 0.72 | 0.56 | +28.6% |
| Apr 28, 2025 | 0.56 | 0.43 | +30.2% |
| Jan 28, 2025 | 0.44 | 0.39 | +12.8% |
| Oct 29, 2024 | 0.26 | 0.44 | −40.9% |
| Jul 24, 2024 | 0.31 | 0.36 | −13.9% |
2.9%of the share price, paid each year
On $1,000 invested$29a year at today's yield, before tax
+6.7%2020 to 2025
Raised10 yearsin a row, in our data
Paid per share, each year
$0.42 in 2015 → $0.83 in 2025
How safe it looks
119.4% of its profit
Room to growStretchedMore than it earns: 35.4%
News
Alerus, Horizon Bancorp, IBCP upgraded at Piper, two stocks downgradedSeeking Alpha · Oct 2, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
32No pass
Benjamin Graham
47No pass
Philip Fisher
18No pass
Peter Lynch
22No pass
Joel Greenblatt
5No pass
Charlie Munger
16No pass
Terry Smith
20No pass
Questions about Alerus Financial
Is Alerus Financial a good stock to buy?
A business with weak numbers, but the price is high. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Alerus Financial AI analysis
What does Alerus Financial do?
Alerus Financial Corporation, through its subsidiary, Alerus Financial, National Association, provides various financial services to businesses and consumers. The company operates in four segments: Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. It is in Banks - Regional.
Does Alerus Financial pay a dividend?
Yes. At today's price the dividend is 2.9% a year, about 119% of its yearly profit. In 2025 it paid out $20.8 million in dividends.
Is Alerus Financial stock halal?
No. Alerus Financial does not pass our halal screen: its main business, banking, is not permitted. How we check
How has Alerus Financial stock done over the past year?
Up 64.0% over the past twelve months, to $34.45. It traded between $21.01 and $34.83, close to its high.
Who are Alerus Financial's competitors?
The largest listed companies in the same industry are China Merchants Bank, DBS Group Holdings, UniCredit and HDFC Bank. The peers table on this page compares their profit, growth and price with Alerus Financial's.
Prices: daily closes to Nov 9, 2026. Fundamentals: company reports via invest-like data.