Alerus Financial Corporation
Alerus Financial Corporation (Nasdaq: ALRS) is a diversified financial services company serving businesses and consumers through banking, retirement and benefit services, and wealth management. Its banking offerings include commercial and consumer loans, deposits, treasury management, and residential mortgages;… From the company’s description.
Over the twelve months to Sep 30, 2026, Alerus Financial Corporation reported revenue of $245.71M, down 14.8% from a year earlier, and net income of $29.98M. Its pre-tax margin was 15.9%. In fiscal 2025, it reported revenue of $224.38M, up 1.1% from fiscal 2024, and net income of $17.44M.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Alerus Financial Corporation does
In the company’s own words
Alerus Financial Corporation (Nasdaq: ALRS) is a diversified financial services company serving businesses and consumers through banking, retirement and benefit services, and wealth management. Its banking offerings include commercial and consumer loans, deposits, treasury management, and residential mortgages; retirement and benefit services include retirement plan and ESOP administration, investment advisory and fiduciary services, and health savings and other benefit accounts; wealth services include financial planning, investment management, trust, estate administration, custody, and brokerage. The company operates three reportable segments: banking, retirement and benefit services, and wealth. As of December 31, 2025, it had $5.2 billion in total assets and $44.9 billion in retirement and benefit services assets under administration or management. It serves banking clients in North Dakota, Minnesota, and Arizona, while its retirement and benefit services business reaches clients nationwide. Founded in 1879 as the Bank of Grand Forks, it adopted the Alerus Financial Corporation name in 2000; its 2024 acquisition of HMN Financial expanded its presence in the Rochester, Minnesota area. Its website is www.alerus.com.
Company details
- Sector
- Financials
- Industry (SIC)
- Commercial Banks
- Headquarters
- GRAND FORKS, ND
- Fiscal year end
- December
- CIK
- 903419
- SIC
- 6021
Financial performance, year by year
Fiscal 2019–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Alerus Financial Corporation — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Alerus Financial Corporation’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
Compare this company with peers, find it in your funds and follow its financial history with your connected AI:
- “How do Alerus Financial Corporation and its peers compare on margins and cash generation over ten years?”
- “Where did five years of Alerus Financial Corporation's earnings go — cash, debt, buybacks, reinvestment?”
- “What changed in Alerus Financial Corporation's last four quarterly filings that the numbers alone won't show?”