What is Alerus Financial Corporation's market cap?

Alerus Financial Corporation (ALRS) has a market capitalization of $832.5M and trades on NASDAQ.

Who are Alerus Financial Corporation's competitors?

Alerus Financial Corporation's key competitors include U.S. Bancorp, Wells Fargo & Company, AmeriServ Financial Inc, and others. These companies compete in similar markets and product categories.

Who does Alerus Financial Corporation partner with?

Alerus Financial Corporation's notable partners include Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Bank of North Dakota, and others.

What subsidiaries does Alerus Financial Corporation have?

Alerus Financial Corporation's subsidiaries include Alerus Financial, National Association, HMN Financial, Inc., Home Federal Savings Bank.

Where is Alerus Financial Corporation headquartered?

Alerus Financial Corporation is headquartered in United States of America and employs approximately 754 people. It has been publicly traded since 1999.

Alerus Financial Corporation

ALRS

Alerus Financial Corporation is a diversified financial services company that provides banking, retirement, benefit, and wealth management solutions.

Market cap

$832.51M+51.2%

Net income$73.5M+312%

Free cash flow$79.0M+344%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q2 2026 report

July 29, 2026

Revenue$80.0MBeat by $3.0M EPS$0.80Beat by $0.02

Read the full report

Next report

Date not yet announced

Financials

Q1 2026

Income statement

See full

Net income$23.0M+72.5%

Balance sheet

See full

Cash & equivalents$128.8M+55.3%

Total debt$301.8M+8.7%

Total equity$574.7M+11.8%

Total assets$5.3B-1.0%

Cash flow

See full

Operating cash flow$27.8M+261%

CapEx$2.0M-1.3%

Free cash flow$25.8M+356%

Valuation & ratios

Valuation

See full

Market cap$832.51M+51.2%

Enterprise value$1.01B+14.0%

P/E11.3×—

Returns & leverage

See full

Debt / equity0.5×0.0×

Segments

By product

See full

Retirement And Benefit Services$17.4M+8.1%

Wealth Management$7.2M+4.8%

Mortgage Banking$3.5M+131%

Deposit Account$933.0K+43.3%

Competitors

By market cap

Wells Fargo & Company$263.09B-1.2%

U.S. Bancorp$100.36B+39.8%

Axos Financial$5.6B+16.9%

Alerus Financial Corporation$832.5M+45.8%

Northrim BanCorp$599.9M+26.9%

First United$294.2M+34.5%

First National Corp.$273.8M+40.8%

AmeriServ Financial$75.8M+61.6%

By revenue growth

AmeriServ Financial+83.5%

Northrim BanCorp+23.9%

Axos Financial+15.8%

First United+11.4%

Wells Fargo & Company+6.2%

U.S. Bancorp+4.7%

First National Corp.-4.1%

By net margin

First National Corp.146.81%+83.1pp

Axos Financial33.48%-1.3pp

AmeriServ Financial31.46%+6.4pp

Northrim BanCorp30.91%+5.8pp

U.S. Bancorp27.04%+2.8pp

First United26.86%-1.5pp

Wells Fargo & Company26.05%+0.9pp

Alerus Financial Corporation18.85%—

Profile

Alerus Financial Corporation is a diversified financial services company that provides banking, retirement, benefit, and wealth management solutions. The company operates through a relationship-based "One Alerus" model, integrating high-tech digital tools with personalized advisory services for businesses and consumers. Its core value proposition centers on a "high tech, high touch" approach, utilizing a unified client portal to manage complex financial needs across multiple service lines.

Competitive position

A diversified regional player that distinguishes itself through a 'One Alerus' integrated service model and a significant national footprint in retirement plan administration.

GeographiesUnited States, North Dakota, Minnesota, Arizona, Colorado

Customer segmentsSMEs, High-Net-Worth Individuals, Corporate Benefit Plan Sponsors

Business modelRelationship Banking, Fee-based Advisory, Asset Management, Interest Spread

SuppliersFederal Reserve System, Federal Home Loan Bank (FHLB), Technology Platform Partners, Deposit Insurance Fund (FDIC)

CustomersSmall to Medium Enterprises, Retirement Plan Participants, Mortgage Secondary Market Investors, High-Net-Worth Individuals

CountryUnited States of America

Listed1999

Employees754.0

CEOKatie A. Lorenson

SectorFinancial Services

IndustryBanks - Regional

Websitealerus.com

FilingsSEC EDGAR

Questions, answered.

What is Alerus Financial Corporation's market cap?: Alerus Financial Corporation (ALRS) has a market capitalization of $832.5M and trades on NASDAQ.
Who are Alerus Financial Corporation's competitors?: Alerus Financial Corporation's key competitors include U.S. Bancorp, Wells Fargo & Company, AmeriServ Financial Inc, and others. These companies compete in similar markets and product categories.
Who does Alerus Financial Corporation partner with?: Alerus Financial Corporation's notable partners include Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Bank of North Dakota, and others.
What subsidiaries does Alerus Financial Corporation have?: Alerus Financial Corporation's subsidiaries include Alerus Financial, National Association, HMN Financial, Inc., Home Federal Savings Bank.
Where is Alerus Financial Corporation headquartered?: Alerus Financial Corporation is headquartered in United States of America and employs approximately 754 people. It has been publicly traded since 1999.