Security
Alerus Financial Corporation Common Stock · ALRS
ALRSNASDAQCommon stockCurrentCIK 903419Updated Oct 29, 2026
Name history
FIRST NATIONAL CORP NORTH DAKOTA · through Feb 7, 2002
ALRS price & chart
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NASDAQ:ALRS on TradingView ↗In the news
Alerus Financial Corporation Declares Cash Dividend on Common Shares and Announces New Stock Repurchase Program ↗
Recent filings
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
144 filing
EFFECT filing
S-3 filing
Other Events
Items 8.01, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 5,330,573,000Source | 4,358,623,000Source | 5,288,718,000Source | 5,323,822,000Source | 4,358,623,000Source | 5,287,971,000Source | 5,339,620,000Source | 4,338,093,000Source | 5,230,084,000Source | 5,261,673,000Source | 3,907,713,000Source | 3,779,637,000Source |
| Property, Plant and Equipment, NetUSD | 44,097,000Source | 18,790,000Source | 43,941,000Source | 42,693,000Source | — | 43,978,000Source | 40,733,000Source | — | 43,253,000Source | 39,780,000Source | — | — |
| GoodwillUSD | 85,634,000Source | 46,783,000Source | 85,634,000Source | 85,634,000Source | 46,783,000Source | 85,634,000Source | 85,634,000Source | 46,783,000Source | 85,634,000Source | 85,634,000Source | 46,783,000Source | 47,087,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 35,753,000Source | 13,186,000Source | 29,422,000Source | 38,462,000Source | 14,510,000Source | 31,397,000Source | 41,172,000Source | 15,834,000Source | 33,371,000Source | 43,882,000Source | 17,158,000Source | 22,455,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 92,043,000Source | 65,975,000Source | 109,012,000Source | 80,904,000Source | 438,141,000Source | 128,826,000Source | 82,979,000Source | 545,772,000Source | 67,192,000Source | 61,239,000Source | 129,893,000Source | 58,242,000Source |
| Operating Lease, Right-of-Use AssetUSD | 30,154,000Source | 9,268,000Source | 32,105,000Source | 12,535,000Source | 4,871,000Source | 32,573,000Source | 12,983,000Source | 5,112,000Source | 28,761,000Source | 13,438,000Source | 5,436,000Source | 5,419,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 4,779,885,000Source | 3,698,154,000Source | 4,705,575,000Source | 4,790,667,000Source | 3,985,397,000Source | 4,713,278,000Source | 4,825,388,000Source | 3,966,458,000Source | 4,665,150,000Source | 4,766,263,000Source | 3,538,586,000Source | 3,422,765,000Source |
| Stockholders’ equity: | ||||||||||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source | — | 0Source | 0Source | — | 0Source | 0Source | — | — |
| Common Stock, Value, IssuedUSD | 25,397,000Source | 19,790,000Source | 24,986,000Source | 25,389,000Source | 19,778,000Source | 25,214,000Source | 25,366,000Source | 19,777,000Source | 25,406,000Source | 25,345,000Source | 19,734,000Source | 19,992,000Source |
| Additional Paid in CapitalUSD | 271,165,000Source | 151,257,000Source | 260,066,000Source | 270,735,000Source | 150,857,000Source | 266,016,000Source | 270,159,000Source | 150,740,000Source | 271,609,000Source | 269,708,000Source | 150,343,000Source | 155,095,000Source |
| Retained Earnings (Accumulated Deficit)USD | 308,464,000Source | 278,863,000Source | 303,070,000Source | 296,878,000Source | 277,620,000Source | 287,700,000Source | 281,961,000Source | 275,374,000Source | 270,075,000Source | 273,723,000Source | 272,705,000Source | 280,426,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -54,338,000Source | -63,424,000Source | -4,979,000Source | -59,847,000Source | -75,029,000Source | -4,237,000Source | -63,254,000Source | -74,256,000Source | -2,156,000Source | -73,366,000Source | -73,655,000Source | -98,641,000Source |
| Stockholders' Equity Attributable to ParentUSD | 550,688,000Source | 386,486,000Source | 583,143,000Source | 533,155,000Source | 373,226,000Source | 574,693,000Source | 514,232,000Source | 371,635,000Source | 564,934,000Source | 495,410,000Source | 369,127,000Source | 356,872,000Source |
| Liabilities and EquityUSD | 5,330,573,000Source | 4,084,640,000Source | 5,288,718,000Source | 5,323,822,000Source | 4,358,623,000Source | 5,287,971,000Source | 5,339,620,000Source | 4,338,093,000Source | 5,230,084,000Source | 5,261,673,000Source | 3,907,713,000Source | 3,779,637,000Source |
| Additional Financial Items | ||||||||||||
| Dividends PayableUSD | — | — | — | — | 3,962,000Source | — | — | 3,763,000Source | — | — | 3,757,000Source | — |
| Long-term DebtUSD | 59,154,000Source | 59,041,000Source | 59,239,000Source | 59,126,000Source | 59,013,000Source | 59,211,000Source | 59,098,000Source | 58,985,000Source | 59,182,000Source | 59,069,000Source | 58,956,000Source | 58,843,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | — | — | — | — | — | — | — | 11,696,000Source | 40,005,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | — | — | — | 3,283,000Source | 3,839,000Source | 15,320,000Source | 9,842,000Source | 8,525,000Source | 8,467,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 751,000Source | 599,000Source | 2,699,000Source | 1,650,000Source | 1,628,000Source | 1,904,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | 2,983,000Source | 4,334,000Source | 5,892,000Source | -3,983,000Source | 893,000Source | 913,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 27,813,000Source | 7,715,000Source | 67,530,000Source | 28,960,000Source | 28,982,000Source | 102,966,000Source |
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | — | — | — | — | — | -101,511,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -1,644,000Source | -48,696,000Source | 76,550,000Source | -330,033,000Source | -52,088,000Source | -292,622,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 2,027,000Source | 2,054,000Source | 8,699,000Source | 12,370,000Source | 3,173,000Source | 1,789,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | 6,536,000Source | 127,000Source | 737,000Source | 276,000Source | 6,638,000Source | 738,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 35,465,000Source | 62,721,000Source | -138,127,000Source | 232,419,000Source | 94,757,000Source | 5,587,000Source |
| Dividends paid | — | — | — | — | — | — | —Source | —Source | —Source | —Source | —Source | —Source |
| Repayments of Long-term DebtUSD | — | — | — | — | — | — | — | — | — | 0Source | — | 203,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 61,634,000Source | 21,740,000Source | 5,953,000Source | -68,654,000Source | 71,651,000Source | -184,069,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | — | — | — | — | — | — | — | 129,893,000Source | 58,242,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 23,704,000Source | 29,227,000Source | 110,356,000Source | 110,016,000Source | 72,644,000Source | 15,095,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | -47,000Source | 1,000Source | 2,644,000Source | 448,000Source | 10,840,000Source | 12,531,000Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | — | — | — | — | — | — | — | — | 1,900,000Source |
| Amortization of Intangible AssetsUSD | — | — | 2,710,000Source | 1,324,000Source | 1,974,000Source | 2,710,000Source | 1,974,000Source | 2,710,000Source | 10,511,000Source | 6,776,000Source | 5,296,000Source | 4,754,000Source |
| Bank Owned Life Insurance IncomeUSD | — | — | — | — | — | — | — | — | 1,063,000Source | 862,000Source | 877,000Source | 835,000Source |
| Debt Securities, Realized Gain (Loss)USD | — | — | — | — | — | — | — | — | — | — | -24,643,000Source | — |
| DepreciationUSD | — | — | 1,100,000Source | 700,000Source | 1,400,000Source | 1,100,000Source | 1,300,000Source | 1,100,000Source | 4,700,000Source | 3,000,000Source | 2,500,000Source | 3,000,000Source |
| Dividends PayableUSD | — | — | — | — | — | — | — | — | — | — | 3,757,000Source | — |
| Equipment ExpenseUSD | — | — | 2,849,000Source | 2,082,000Source | 3,493,000Source | 2,559,000Source | 3,427,000Source | 2,907,000Source | 11,973,000Source | 7,766,000Source | — | — |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | — | — | 1,136,000Source | 1,126,000Source | 431,000Source | 1,116,000Source | -4,384,000Source | 2,407,000Source | 4,135,000Source | 18,089,000Source | -225,000Source | — |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | — | — | — | — | — | 261,000Source | 289,000Source | 394,000Source | 126,000Source | — | — |
| Gain (Loss) on Disposition of AssetsUSD | — | — | — | — | — | — | — | — | — | — | — | 33,000Source |
| Gain (Loss) on InvestmentsUSD | — | — | — | — | — | — | — | — | -68,403,000Source | 0Source | -24,643,000Source | — |
| Gain (Loss) on Sale of DerivativesUSD | — | — | — | — | — | — | — | — | — | — | -365,000Source | -2,006,000Source |
| Gain (Loss) on Sale of InvestmentsUSD | — | — | — | — | — | — | — | — | -68,403,000Source | 0Source | — | — |
| Gain (Loss) on Sale of Mortgage LoansUSD | — | — | — | — | — | — | 2,359,000Source | 1,645,000Source | 8,964,000Source | — | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | — | — | — | — | -21,000Source | 0Source | -530,000Source | 3,941,000Source | — | — |
| Gain (Loss) on Sales of Loans, NetUSD | — | — | — | — | — | — | — | 1,645,000Source | — | 8,995,000Source | — | — |
| GoodwillUSD | — | — | 85,634,000Source | 46,783,000Source | 85,634,000Source | 85,634,000Source | 85,634,000Source | 85,634,000Source | 85,634,000Source | 85,634,000Source | 46,783,000Source | 47,087,000Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | — | — |
| Income Tax Expense (Benefit)USD | — | — | 5,101,000Source | 1,590,000Source | 6,414,000Source | 6,104,000Source | 7,279,000Source | 4,246,000Source | 5,153,000Source | 5,379,000Source | 4,158,000Source | 12,177,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 16,924,000Source | 5,207,000Source | 20,865,000Source | 20,253,000Source | 22,971,000Source | 13,315,000Source | 17,439,000Source | 17,780,000Source | 11,696,000Source | 40,005,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 16,776,000Source | 5,183,000Source | 20,674,000Source | 20,048,000Source | 22,765,000Source | 13,216,000Source | 17,468,000Source | 17,743,000Source | 11,701,000Source | 39,589,000Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | — | — | — | — | — | — | 15,890,000Source | 24,563,000Source | 82,558,000Source | 54,709,000Source | 67,346,000Source | 105,633,000Source |
| Provision for Loan, Lease, and Other LossesUSD | — | — | 0Source | 1,661,000Source | 495,000Source | 0Source | -4,883,000Source | 863,000Source | 556,000Source | 18,141,000Source | 2,057,000Source | — |
| Realized Investment Gains (Losses)USD | — | — | — | — | — | — | — | — | -68,403,000Source | 0Source | — | — |
| Other Interest and Dividend Income | — | — | — | — | —Source | —Source | —Source | —Source | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 22,025,000Source | 6,797,000Source | 27,279,000Source | 26,357,000Source | 30,250,000Source | 17,561,000Source | 22,592,000Source | 23,159,000Source | 15,854,000Source | 52,182,000Source |
| Income Tax Expense (Benefit)USD | — | — | 5,101,000Source | 1,590,000Source | 6,414,000Source | 6,104,000Source | 7,279,000Source | 4,246,000Source | 5,153,000Source | 5,379,000Source | 4,158,000Source | 12,177,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 16,924,000Source | 5,207,000Source | 20,865,000Source | 20,253,000Source | 22,971,000Source | 13,315,000Source | 17,439,000Source | 17,780,000Source | 11,696,000Source | 40,005,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.66Source | 0.26Source | 0.82Source | 0.79Source | 0.9Source | 0.52Source | 0.69Source | 0.84Source | 0.59Source | 2.12Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.65Source | 0.26Source | 0.81Source | 0.78Source | 0.89Source | 0.52Source | 0.68Source | 0.83Source | 0.58Source | 2.1Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 25,395,000Source | 19,788,000Source | 25,081,000Source | 25,368,000Source | 25,380,000Source | 25,359,000Source | 25,380,000Source | 21,047,000Source | 19,922,000Source | 18,640,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 25,713,000Source | 20,075,000Source | 25,395,000Source | 25,714,000Source | 25,679,000Source | 25,653,000Source | 25,697,000Source | 21,321,000Source | 20,143,000Source | 18,884,000Source |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | 2,710,000Source | 1,324,000Source | 1,974,000Source | 2,710,000Source | 1,974,000Source | 2,710,000Source | 10,511,000Source | 6,776,000Source | 5,296,000Source | 4,754,000Source |
| Bank Owned Life Insurance IncomeUSD | — | — | — | — | — | — | — | — | 1,063,000Source | 862,000Source | 877,000Source | 835,000Source |
| Business Combination, Acquisition Related CostsUSD | — | — | -43,000Source | 1,661,000Source | 6,000Source | 11,000Source | -34,000Source | 286,000Source | 142,000Source | 9,974,000Source | — | — |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | 0.21Source | 0.2Source | 0.22Source | 0.21Source | 0.21Source | 0.2Source | 0.83Source | 0.79Source | 0.75Source | 0.7Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | -739,000Source | — | — | — |
| Debt Securities, Realized Gain (Loss)USD | — | — | — | — | — | — | — | — | — | — | -24,643,000Source | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | — | — | — | — | — | — | — | — | 8,525,000Source | 8,467,000Source |
| Equipment ExpenseUSD | — | — | 2,849,000Source | 2,082,000Source | 3,493,000Source | 2,559,000Source | 3,427,000Source | 2,907,000Source | 11,973,000Source | 7,766,000Source | — | — |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | — | — | 1,136,000Source | 1,126,000Source | 431,000Source | 1,116,000Source | -4,384,000Source | 2,407,000Source | 4,135,000Source | 18,089,000Source | -225,000Source | — |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | — | — | — | — | — | 261,000Source | 289,000Source | 394,000Source | 126,000Source | — | — |
| Gain (Loss) on InvestmentsUSD | — | — | — | — | — | — | — | — | -68,403,000Source | 0Source | -24,643,000Source | — |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | — | — |
| Interest ExpenseUSD | — | — | — | — | — | — | — | — | — | — | 77,044,000Source | 15,848,000Source |
| InterestExpenseOperatingUSD | — | — | 27,508,000Source | 29,670,000Source | 22,914,000Source | 27,392,000Source | 22,065,000Source | 27,024,000Source | 107,137,000Source | 114,534,000Source | — | — |
| Interest Income (Expense), NetUSD | — | — | 43,136,000Source | 22,542,000Source | 47,712,000Source | 43,032,000Source | 44,912,000Source | 41,157,000Source | 172,499,000Source | 107,045,000Source | 87,839,000Source | 99,729,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 16,776,000Source | 5,183,000Source | 20,674,000Source | 20,048,000Source | 22,765,000Source | 13,216,000Source | 17,468,000Source | 17,743,000Source | 11,701,000Source | 39,589,000Source |
| Realized Investment Gains (Losses)USD | — | — | — | — | — | — | — | — | -68,403,000Source | 0Source | — | — |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | — | — | 148,000Source | 24,000Source | 191,000Source | 205,000Source | 206,000Source | 99,000Source | -29,000Source | 37,000Source | -5,000Source | 416,000Source |
| Other Interest and Dividend Income | — | — | — | — | —Source | —Source | —Source | —Source | — | — | — | — |