Alerus Financial Corp

Alerus Financial Corp

ALRS · NASDAQ · Financial Services / Banks - Regional

34.50USD+0.23 (+0.67%)

Price History

Full chart

Market Stats

Previous Close34.27
Open34.39
Day Range34.00 – 34.58
52-Week Range19.66 – 34.17
Volume84.63K
Market Cap801.92M
P/E (TTM)29.79
Forward P/E0.00
EPS1.08
Dividend Yield2.73%
Beta0.68
50-Day Avg33.03
200-Day Avg27.66

About

Alerus Financial Corporation operates as the bank holding company for Alerus Financial, National Association that provides various financial services to businesses and consumers in the United States. The company operates in three segments: Banking, Retirement and Benefit Services, and Wealth. It offers demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, noninterest-bearing deposits, interest-bearing checking accounts, and certificates of deposit; and treasury management products, including electronic receivables management, remote deposit capture, cash vault, merchant, and other cash management services. The company also provides commercial loans, business term loans, and lines of credit; commercial real estate, and commercial and industrial loans; consumer lending products, including residential first mortgage loans; and installment loans, and loans collateralized by cash and marketable securities. In addition, it offers retirement plan, and investment advisory services, employee stock ownership plan, investment fiduciary services, health savings accounts, flex spending accounts, COBRA recordkeeping, and other administration services, as well as individual retirement accounts; and financial planning, investment management, personal and corporate trust, estate administration, and custody services. Further, the company provides debit cards, personal and business loans, credit cards, online and mobile banking/wallet, private banking, deposit and payment solutions, mortgages, administration, and government health insurance program services. The company was formerly known as First National Bank North Dakota and changed its name to Alerus Financial Corporation in 2000. Alerus Financial Corporation was founded in 1879 and is headquartered in Grand Forks, North Dakota.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMs. Katie A. O'Neill Lorenson CPA
  • Employees821
  • Headquarters401 Demers Avenue, Grand Forks, ND, United States, 58201, USA
  • Websitehttps://www.alerus.com

Leadership

  • Mr. Daniel Edmund CoughlinExecutive Chairman · b. 1963
  • Ms. Katie A. O'Neill Lorenson CPAPresident, CEO & Member of Board of Directors · b. 1981
  • Mr. Alan A. VillalonExecutive VP & CFO · b. 1974
  • Ms. Karin M. TaylorExecutive VP & COO · b. 1968
  • Mr. Jim R. CollinsExecutive VP and Chief Banking & Revenue Officer · b. 1972
  • Mr. Forrest Rexford WilsonExecutive VP & Chief Retirement Services Officer · b. 1970
  • Ms. Kari KoobDirector of Accounting · b. 1985
  • Ms. Missy S. KeneyExecutive VP & Chief Engagement Officer · b. 1982
  • Mr. Joseph BirkholzChief Risk Officer
  • Ms. Becky Walen CFPSenior VP & Director of Wealth Advisory Services

Financials

Income Statement

Currency: USD2006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue69.91M78.40M79.03M75.44M88.30M97.34M127.38M124.23M125.82M140.19M172.59M176.45M188.30M204.64M239.77M235.79M224.58M243.26M338.29M327.86M
Growth (%)-+12.15%+0.80%-4.54%+17.04%+10.24%+30.86%-2.47%+1.28%+11.42%+23.11%+2.23%+6.72%+8.68%+17.16%-1.66%-4.75%+8.32%+39.06%-3.08%
Cost of Revenue24.92M21.72M79.03M75.44M17.61M11.24M5.42M4.91M2.92M7.66M10.06M11.25M21.09M26.06M23.16M2.06M15.85M79.10M132.68M107.69M
Gross Profit44.99M56.68M61.98M57.06M88.30M97.34M127.38M119.32M122.90M132.53M162.53M165.20M167.21M178.58M216.61M233.74M208.77M164.16M205.61M220.16M
Gross Margin64.36%72.29%78.43%75.64%100.00%100.00%100.00%96.05%97.68%94.54%94.17%93.63%88.80%87.27%90.34%99.13%92.96%67.48%60.78%67.15%
Operating Expense25.89M29.64M48.03M52.94M68.68M74.34M97.08M87.37M93.13M108.74M141.35M132.69M134.17M139.68M158.09M164.66M156.59M148.31M182.45M197.57M
Operating Income19.11M27.04M13.95M4.12M19.62M23.01M30.30M31.95M29.77M23.79M21.18M32.52M33.04M38.90M58.52M69.08M52.18M15.85M23.16M22.59M
Operating Margin27.33%34.49%17.65%5.46%22.22%23.63%23.79%25.72%23.66%16.97%12.27%18.43%17.55%19.01%24.41%29.30%23.23%6.52%6.85%6.89%
EBITDA--13.95M11.14M19.62M23.01M30.30M39.42M37.93M32.52M32.56M42.37M41.77M47.66M67.44M77.89M60.42M24.36M38.04M39.88M
EBITDA Margin--17.65%14.76%22.22%23.63%23.79%31.73%30.15%23.20%18.87%24.01%22.18%23.29%28.13%33.03%26.90%10.02%11.24%12.16%
Net Income7.13M10.36M9.15M7.37M5.87M10.71M16.26M20.27M20.77M17.11M14.04M15.00M25.87M29.54M44.67M52.68M40.01M11.70M17.78M17.44M
Net Income Margin10.20%13.21%11.58%9.77%6.65%11.00%12.76%16.32%16.51%12.20%8.13%8.50%13.74%14.44%18.63%22.34%17.81%4.81%5.26%5.32%
R&D---------0000-------
R&D as % of Total Revenue---------0.00%0.00%0.00%0.00%-------
Interest Expense001.34M1.22M10.79M6.82M4.59M3.71M3.32M3.46M7.00M7.97M12.48M18.75M12.26M5.56M15.85M77.04M114.53M107.14M
Interest Expense % of Total Revenue0.00%0.00%1.69%1.61%12.21%7.01%3.60%2.99%2.64%2.47%4.06%4.52%6.63%9.16%5.11%2.36%7.06%31.67%33.86%32.68%

Balance Sheet

Currency: USD2006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets720.11M707.62M761.01M1.13B1.12B1.16B1.32B1.38B1.49B1.74B2.05B2.14B2.18B2.36B3.01B3.39B3.78B3.91B5.26B5.23B
Total Liabilities643.23M625.33M678.52M1.04B1.02B1.03B1.18B1.23B1.32B1.56B1.88B1.96B1.98B2.07B2.68B3.03B3.42B3.54B4.77B4.67B
Total Equity76.88M82.29M82.48M88.34M96.99M127.25M141.28M153.31M171.09M182.82M168.78M180.57M196.95M285.73M330.16M359.40M356.87M369.13M495.41M564.93M
Cash27.57M28.45M24.93M94.95M141.09M58.89M123.68M72.54M45.53M266.16M207.37M122.00M40.65M144.01M172.96M242.31M58.24M129.89M61.24M67.19M
Total Debt--30.57M45.08M32.62M28.07M34.36M29.50M32.03M70.74M59.54M88.82M152.28M67.63M66.60M63.21M442.82M378.88M317.02M440.55M
Net Debt--30.57M45.08M-108.47M-30.83M-89.32M-43.04M-13.50M-195.41M-147.82M-33.18M111.63M-76.37M-106.37M-179.10M384.58M248.98M255.78M373.35M

Cash Flow

Currency: USD2006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow------26.52M57.87M21.37M24.36M33.99M47.89M53.55M19.25M-22.26M149.12M102.97M28.98M28.96M67.53M
Investing Cash Flow--------166.18M-9.02M-32.21M-59.41M-205.09M-154.71M-65.59M-538.38M-416.94M-292.62M-51.99M-330.03M76.55M
Financing Cash Flow------132.68M57.17M-39.37M229.09M-33.37M71.83M19.81M149.70M589.60M337.18M5.59M94.76M232.42M-138.13M
Capital Expenditure0000002.24M3.82M2.10M3.91M1.68M2.95M3.75M2.90M3.81M1.71M1.79M3.17M12.37M8.70M
Free Cash Flow-------54.05M19.27M20.45M32.30M44.94M49.80M16.35M-26.07M147.41M101.18M25.71M16.59M58.83M
Dividends Paid------4.61M4.89M5.53M6.06M6.19M6.73M7.46M8.91M10.39M10.75M12.80M14.82M15.45M20.82M
FCF to OCF-------93.40%90.17%83.96%95.05%93.85%92.99%84.93%117.12%98.86%98.26%88.71%57.29%87.12%
Dividend Paid to FCF-------9.05%28.71%29.62%19.15%14.97%14.97%54.50%-39.84%7.29%12.65%57.65%93.10%35.39%

Earnings

Report DateMar 31, 2009Jun 30, 2009Sep 30, 2009Dec 31, 2009Mar 31, 2010Jun 30, 2010Sep 30, 2010Dec 31, 2010Mar 31, 2011Jun 30, 2011Sep 30, 2011Dec 31, 2011Mar 31, 2012Jun 30, 2012Sep 30, 2012Dec 31, 2012Mar 31, 2013Jun 30, 2013Sep 30, 2013Dec 31, 2013Mar 31, 2014Jun 30, 2014Sep 30, 2014Dec 31, 2014Mar 31, 2015Jun 30, 2015Sep 30, 2015Dec 31, 2015Mar 31, 2016Jun 30, 2016Sep 30, 2016Dec 31, 2016Mar 31, 2017Jun 30, 2017Sep 30, 2017Dec 31, 2017Mar 31, 2018Jun 30, 2018Sep 30, 2018Dec 31, 2018Mar 31, 2019Sep 13, 2019Oct 24, 2019Jan 28, 2020Apr 28, 2020Jul 28, 2020Oct 28, 2020Jan 27, 2021Apr 28, 2021Jul 28, 2021Oct 27, 2021Jan 26, 2022Apr 27, 2022Jul 27, 2022Oct 26, 2022Jan 25, 2023Apr 26, 2023Jul 26, 2023Oct 25, 2023Jan 24, 2024Apr 24, 2024Jul 24, 2024Oct 29, 2024Jan 28, 2025Apr 28, 2025Jul 28, 2025Oct 30, 2025Jan 28, 2026Apr 29, 2026Jul 29, 2026Oct 29, 2026
EPS Estimate------------------------------------------0.490.390.320.310.400.620.630.560.500.530.550.590.590.580.370.350.360.290.320.360.440.400.390.540.590.570.590.780.67
EPS Actual0.070.110.070.310.040.170.170.060.120.230.220.240.240.200.350.350.400.410.380.280.290.320.440.380.290.380.310.190.210.210.180.400.350.330.350.070.490.400.520.430.460.380.480.430.300.650.990.570.860.660.740.720.570.570.560.530.400.450.450.260.320.310.310.440.520.780.650.850.890.80-
Surprise-------------------------------------------2.04%10.26%-6.25%109.68%147.50%-8.06%36.51%17.86%48.00%35.85%3.64%-3.39%-5.08%-8.62%8.11%28.57%25.00%-10.34%0.00%-13.89%-29.55%10.00%33.33%44.44%10.17%49.12%50.85%2.56%-
Timing-----------------------------------------After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap801.92M
Enterprise Value1.14B
Trailing P/E29.79
Forward P/E0.00
PEG Ratio0.00
Price / Sales3.32
Price / Book1.36
EPS1.08
Book Value23.34
Revenue (TTM)241.90M
Gross Profit (TTM)241.90M
Profit Margin11.45%
Operating Margin36.49%
Return on Equity4.96%
Return on Assets0.52%
Shares Outstanding24.93M
Shares Float22.92M
Beta0.68
Dividend Yield2.73%
Dividend Rate0.88
Payout Ratio26.96%

Analyst Ratings

Buy
Based on 5 analystsTarget 35.40
  • Strong Buy
    1
  • Buy
    1
  • Hold
    3

Ownership Breakdown

Institutions
67.06%
Insiders
8.47%
Retail / Other
24.47%

Top Institutional Holders

  • ALERUS FINANCIAL NA
    2.24M8.99%
  • BlackRock Inc
    1.76M7.06%
  • Vanguard Capital Management, LLC
    961.78K3.86%
  • Dimensional Fund Advisors, Inc.
    943.45K3.78%
  • Geode Capital Management, LLC
    617.68K2.48%
  • State Street Corp
    493.16K1.98%
  • M3F, Inc.
    417.11K1.67%
  • Ameriprise Financial Inc
    383.94K1.54%
  • Stieven Capital Advisors, L.p.
    382.03K1.53%
  • The Goldman Sachs Group Inc
    366.53K1.47%
  • Phocas Financial Corp
    354.15K1.42%
  • Banc Funds Co LLC
    349.17K1.40%
  • Endeavour Capital Advisors Inc
    339.52K1.36%
  • RSM US WEALTH MANAGEMENT LLC
    293.26K1.18%
  • American Century Companies Inc
    277.69K1.11%
  • Morgan Stanley - Brokerage Accounts
    272.99K1.10%
  • AQR Capital Management LLC
    269.17K1.08%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    642.06K2.58%
  • iShares Russell 2000 ETF
    622.03K2.50%
  • Fidelity Small Cap Index
    260.90K1.05%

Dividends

20263×
0.22Sep 25, 20260.22Jun 26, 20260.21Mar 27, 2026
20254×
0.21Dec 26, 20250.21Sep 26, 20250.21Jun 27, 20250.20Mar 14, 2025
20244×
0.20Dec 27, 20240.20Sep 13, 20240.20Jun 14, 20240.19Mar 14, 2024
20234×
0.19Dec 26, 20230.19Sep 14, 20230.19Jun 14, 20230.18Mar 14, 2023
20224×
0.18Dec 22, 20220.18Sep 29, 20220.18Jun 16, 20220.16Mar 17, 2022
20214×
0.16Dec 22, 20210.16Sep 16, 20210.16Jun 17, 20210.15Mar 18, 2021
20201×
0.15Dec 17, 2020

Stock Splits

  • Sep 15, 2014959692:319897
  • Apr 12, 20042:1
  • Jan 13, 19972:1