Alerus Financial Corporation, through its subsidiary, Alerus Financial, National Association, provides various financial services to businesses and consumers. The company operates through four segments: Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. It offers various deposit products, including demand deposits, checking accounts, interest-bearing transaction accounts, money market accounts, time and savings deposits, and certificates of deposit; and treasury management products, including electronic receivables management, remote deposit capture, cash vault services, merchant services, and other cash management services. The company also provides commercial loans, business term loans, lines of credit, and commercial real estate loans, as well as construction and land development loans; consumer lending products, including residential first mortgage loans; installment loans and lines of credit; and second mortgage loans. In addition, it offers retirement plan administration and investment advisory services, employee stock ownership plan, fiduciary services, payroll, health savings accounts, and other benefit 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 and credit cards, online banking, mobile banking/wallet, payment, private banking, payroll accounts, flex spending accounts, administration, and government health insurance program services. It offers banking services through fourteen offices in North Dakota, Minnesota, and Arizona; and retirement and benefit plans in 50 states through offices located in Michigan, Minnesota, and Colorado. 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.
IPO Year: 2019
Exchange: NASDAQ
Website: alerus.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/7/2026 | Outperform → Market Perform | Hovde Group | |
| 1/5/2026 | $27.00 | Outperform → Strong Buy | Raymond James |
| 1/14/2025 | $22.00 | Outperform | Raymond James |
| 9/17/2024 | $24.00 | Mkt Perform → Outperform | Raymond James |
| 5/16/2024 | $21.00 → $23.00 | Market Perform → Outperform | Hovde Group |
| 4/12/2023 | $18.00 | Mkt Perform | Keefe Bruyette |
| 1/27/2023 | Mkt Perform | Raymond James | |
| 1/26/2023 | $21.00 | Outperform → Market Perform | Hovde Group |
| 7/29/2022 | $27.00 → $28.00 | Market Perform → Outperform | Hovde Group |
| 5/18/2022 | $29.00 | Market Perform | Hovde Group |
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
4 - ALERUS FINANCIAL CORP (0000903419) (Issuer)
4 - ALERUS FINANCIAL CORP (0000903419) (Issuer)
4 - ALERUS FINANCIAL CORP (0000903419) (Issuer)
4 - ALERUS FINANCIAL CORP (0000903419) (Issuer)
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MINNEAPOLIS, May 22, 2026 (GLOBE NEWSWIRE) -- Alerus Financial Corporation (NASDAQ:ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.22 per common share on May 21, 2026, a 4.76% increase over the dividend paid a year ago. The dividend is payable on July 10, 2026, to stockholders of record as of close of business on June 26, 2026. Current and historic dividend information, as well as quarterly financial statements, investor presentations, and earnings call transcripts are available online through Alerus' investor relations website at investors.alerus.com. About Alerus Financial CorporationAlerus Financial Corporation (NASDAQ:ALRS) is a commercial
MINNEAPOLIS, May 19, 2026 (GLOBE NEWSWIRE) -- Alerus Financial Corporation (NASDAQ:ALRS), or the Company, closed on a sale of three non-performing loans representing a construction, land and development relationship with a total net book balance of $33.6 million as of March 31, 2026. The loans were on nonaccrual as of March 31, 2026, and represented the largest non-performing relationship in the portfolio. As of March 31, 2026, this relationship represented 62.3% of total nonperforming loans and 62.1% of total nonperforming assets. Nonperforming assets to total loans as of March 31, 2026 were 1.34%. Adjusting nonperforming assets and total loans to remove this relationship, as if the trans
MINNEAPOLIS, April 29, 2026 (GLOBE NEWSWIRE) -- Alerus Financial Corporation (NASDAQ:ALRS), or the Company, reported net income of $23.0 million for the first quarter of 2026, or $0.89 per diluted common share, compared to a net loss of $33.1 million, or $(1.27) per diluted common share, for the fourth quarter of 2025, and net income of $13.3 million, or $0.52 per diluted common share, for the first quarter of 2025. CEO Comments President and Chief Executive Officer Katie O'Neill Lorenson said, "We are pleased with the strong start to 2026, as our first quarter results reflect continued execution of our long-term strategy and the tangible benefits of the transformation we have undertake
MINNEAPOLIS, April 02, 2026 (GLOBE NEWSWIRE) -- Alerus Financial Corporation (NASDAQ:ALRS) announced that it will issue its first quarter financial results on Wednesday, April 29, 2026. Alerus Financial Corporation will also host a conference call at 11:00 a.m. Central Time on Thursday, April 30, 2026, to discuss its financial results. Analysts and institutional investors may participate in the question-and-answer session. Attendees are encouraged to register ahead of time for the call. Conference Call Information Date: Thursday, April 30, 2026 Time: 12:00 p.m. Eastern Time / 11:00 a.m. Central Time Register: https://register-conf.media-server.com/register/BIff30a6d15e4e4b268617d2f78268f
MINNEAPOLIS, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Alerus Financial Corporation (NASDAQ:ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.21 per common share on February 25, 2026, a 5.00% increase over the dividend paid a year ago. The dividend is payable on April 10, 2026, to stockholders of record as of close of business on March 27, 2026. Current and historic dividend information, as well as quarterly financial statements, investor presentations, and earnings call transcripts are available online through Alerus' investor relations website at investors.alerus.com. About Alerus Financial CorporationAlerus Financial Corporation (NASDAQ:ALRS) is a co
MINNEAPOLIS, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Alerus Financial Corporation (NASDAQ:ALRS), or the Company, reported a net loss of $33.1 million for the fourth quarter of 2025, or $(1.27) per diluted common share, compared to net income of $16.9 million, or $0.65 per diluted common share, for the third quarter of 2025, and a net loss of $0.1 million, or $0.00 per diluted common share, for the fourth quarter of 2024. During the fourth quarter of 2025, the Company sold $360.1 million of available-for-sale securities as part of a strategic balance sheet repositioning. The sale resulted in a one-time pre-tax net loss of $68.4 million. Proceeds from the sale were reinvested into new, higher y
MINNEAPOLIS, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Alerus Financial Corporation (NASDAQ:ALRS) announced that it will issue its fourth quarter financial results on Wednesday, January 28, 2026. Alerus Financial Corporation will also host a conference call at 11:00 a.m. Central Time on Thursday, January 29, 2026, to discuss its financial results. Analysts and institutional investors may participate in the question-and-answer session. Attendees are encouraged to register ahead of time for the call. Conference Call Information Date: Thursday, January 29, 2026 Time: 12:00 p.m. Eastern Time / 11:00 a.m. Central Time Register: https://register-conf.media-server.com/register/BI423636356c5c4efcb4a6afe
On December 23, 2025, Alerus Financial Corporation (NASDAQ:ALRS), or the Company, sold $360 million of available-for-sale ("AFS") securities which represented over 68% of total AFS securities. The securities sold had a weighted average yield of 1.7% and a weighted average duration of 5.1 years. The sale resulted in a one-time pre-tax net loss of $68.5 million. The Company reinvested the cash proceeds from the securities sale into new investment securities with a weighted average yield of 4.7% and a weighted average duration of just over 3 years. The Company now expects the 2026 net interest margin to be 3.50% to 3.60% versus the previous guidance of 3.35% to 3.45% provided in the Company'
Alerus Financial Corporation (NASDAQ:ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.21 per common share on December 4, 2025, a 5.00% increase over the dividend paid a year ago. The dividend is payable on January 9, 2026, to stockholders of record as of close of business on December 26, 2025. Current and historic dividend information, as well as quarterly financial statements, investor presentations, and earnings call transcripts are available online through Alerus' investor relations website at investors.alerus.com. About Alerus Financial Corporation Alerus Financial Corporation (NASDAQ:ALRS) is a commercial wealth bank and national retirement
Alerus Financial Corporation (NASDAQ:ALRS), or the Company, reported net income of $16.9 million for the third quarter of 2025, or $0.65 per diluted common share, compared to net income of $20.3 million, or $0.78 per diluted common share, for the second quarter of 2025, and net income of $5.2 million, or $0.26 per diluted common share, for the third quarter of 2024. CEO Comments President and Chief Executive Officer Katie Lorenson said, "Alerus delivered another strong quarter, building on the momentum established earlier this year. Our results reflect the strength and resilience of our diversified business model, coupled with disciplined execution by an exceptional team of professional
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
4 - ALERUS FINANCIAL CORP (0000903419) (Issuer)
4 - ALERUS FINANCIAL CORP (0000903419) (Issuer)
4 - ALERUS FINANCIAL CORP (0000903419) (Issuer)
4 - ALERUS FINANCIAL CORP (0000903419) (Issuer)
4 - ALERUS FINANCIAL CORP (0000903419) (Issuer)
4 - ALERUS FINANCIAL CORP (0000903419) (Issuer)
4 - ALERUS FINANCIAL CORP (0000903419) (Issuer)
4 - ALERUS FINANCIAL CORP (0000903419) (Issuer)
4 - ALERUS FINANCIAL CORP (0000903419) (Issuer)
4 - ALERUS FINANCIAL CORP (0000903419) (Issuer)
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Hovde Group downgraded Alerus Financial from Outperform to Market Perform
Raymond James upgraded Alerus Financial from Outperform to Strong Buy and set a new price target of $27.00
Raymond James resumed coverage of Alerus Financial with a rating of Outperform and set a new price target of $22.00
Raymond James upgraded Alerus Financial from Mkt Perform to Outperform and set a new price target of $24.00
Hovde Group upgraded Alerus Financial from Market Perform to Outperform and set a new price target of $23.00 from $21.00 previously
Keefe Bruyette initiated coverage of Alerus Financial with a rating of Mkt Perform and set a new price target of $18.00
Raymond James resumed coverage of Alerus Financial with a rating of Mkt Perform
Hovde Group downgraded Alerus Financial from Outperform to Market Perform and set a new price target of $21.00
Hovde Group upgraded Alerus Financial from Market Perform to Outperform and set a new price target of $28.00 from $27.00 previously
Hovde Group initiated coverage of Alerus Financial with a rating of Market Perform and set a new price target of $29.00
8-K - ALERUS FINANCIAL CORP (0000903419) (Filer)
8-K - ALERUS FINANCIAL CORP (0000903419) (Filer)
8-K - ALERUS FINANCIAL CORP (0000903419) (Filer)
10-Q - ALERUS FINANCIAL CORP (0000903419) (Filer)
8-K - ALERUS FINANCIAL CORP (0000903419) (Filer)
DEFA14A - ALERUS FINANCIAL CORP (0000903419) (Filer)
DEF 14A - ALERUS FINANCIAL CORP (0000903419) (Filer)
8-K - ALERUS FINANCIAL CORP (0000903419) (Filer)
SCHEDULE 13G/A - ALERUS FINANCIAL CORP (0000903419) (Subject)
10-K - ALERUS FINANCIAL CORP (0000903419) (Filer)
Live Leadership Updates
Alerus Financial Corporation (NASDAQ:ALRS) (the "Company") announced that, effective May 10, 2022, Dan Coughlin was appointed by the Board of Directors to serve as Chairman of the Board. Mr. Coughlin replaces former Alerus Chairman, President, and Chief Executive Officer, Randy Newman, who served as Executive Chairman of the Board since Jan. 1, 2022, to support the leadership transition to current President and Chief Executive Officer Katie Lorenson. Mr. Newman will remain as a director of the Company. "It has been one of the greatest honors of my life to lead and grow Alerus. This company will forever mean so much to me, and I know Katie shares this same passion," said Mr. Newman. "I am
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MINNEAPOLIS, May 22, 2026 (GLOBE NEWSWIRE) -- Alerus Financial Corporation (NASDAQ:ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.22 per common share on May 21, 2026, a 4.76% increase over the dividend paid a year ago. The dividend is payable on July 10, 2026, to stockholders of record as of close of business on June 26, 2026. Current and historic dividend information, as well as quarterly financial statements, investor presentations, and earnings call transcripts are available online through Alerus' investor relations website at investors.alerus.com. About Alerus Financial CorporationAlerus Financial Corporation (NASDAQ:ALRS) is a commercial
MINNEAPOLIS, May 19, 2026 (GLOBE NEWSWIRE) -- Alerus Financial Corporation (NASDAQ:ALRS), or the Company, closed on a sale of three non-performing loans representing a construction, land and development relationship with a total net book balance of $33.6 million as of March 31, 2026. The loans were on nonaccrual as of March 31, 2026, and represented the largest non-performing relationship in the portfolio. As of March 31, 2026, this relationship represented 62.3% of total nonperforming loans and 62.1% of total nonperforming assets. Nonperforming assets to total loans as of March 31, 2026 were 1.34%. Adjusting nonperforming assets and total loans to remove this relationship, as if the trans
MINNEAPOLIS, April 29, 2026 (GLOBE NEWSWIRE) -- Alerus Financial Corporation (NASDAQ:ALRS), or the Company, reported net income of $23.0 million for the first quarter of 2026, or $0.89 per diluted common share, compared to a net loss of $33.1 million, or $(1.27) per diluted common share, for the fourth quarter of 2025, and net income of $13.3 million, or $0.52 per diluted common share, for the first quarter of 2025. CEO Comments President and Chief Executive Officer Katie O'Neill Lorenson said, "We are pleased with the strong start to 2026, as our first quarter results reflect continued execution of our long-term strategy and the tangible benefits of the transformation we have undertake
MINNEAPOLIS, April 02, 2026 (GLOBE NEWSWIRE) -- Alerus Financial Corporation (NASDAQ:ALRS) announced that it will issue its first quarter financial results on Wednesday, April 29, 2026. Alerus Financial Corporation will also host a conference call at 11:00 a.m. Central Time on Thursday, April 30, 2026, to discuss its financial results. Analysts and institutional investors may participate in the question-and-answer session. Attendees are encouraged to register ahead of time for the call. Conference Call Information Date: Thursday, April 30, 2026 Time: 12:00 p.m. Eastern Time / 11:00 a.m. Central Time Register: https://register-conf.media-server.com/register/BIff30a6d15e4e4b268617d2f78268f
MINNEAPOLIS, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Alerus Financial Corporation (NASDAQ:ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.21 per common share on February 25, 2026, a 5.00% increase over the dividend paid a year ago. The dividend is payable on April 10, 2026, to stockholders of record as of close of business on March 27, 2026. Current and historic dividend information, as well as quarterly financial statements, investor presentations, and earnings call transcripts are available online through Alerus' investor relations website at investors.alerus.com. About Alerus Financial CorporationAlerus Financial Corporation (NASDAQ:ALRS) is a co
MINNEAPOLIS, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Alerus Financial Corporation (NASDAQ:ALRS), or the Company, reported a net loss of $33.1 million for the fourth quarter of 2025, or $(1.27) per diluted common share, compared to net income of $16.9 million, or $0.65 per diluted common share, for the third quarter of 2025, and a net loss of $0.1 million, or $0.00 per diluted common share, for the fourth quarter of 2024. During the fourth quarter of 2025, the Company sold $360.1 million of available-for-sale securities as part of a strategic balance sheet repositioning. The sale resulted in a one-time pre-tax net loss of $68.4 million. Proceeds from the sale were reinvested into new, higher y
MINNEAPOLIS, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Alerus Financial Corporation (NASDAQ:ALRS) announced that it will issue its fourth quarter financial results on Wednesday, January 28, 2026. Alerus Financial Corporation will also host a conference call at 11:00 a.m. Central Time on Thursday, January 29, 2026, to discuss its financial results. Analysts and institutional investors may participate in the question-and-answer session. Attendees are encouraged to register ahead of time for the call. Conference Call Information Date: Thursday, January 29, 2026 Time: 12:00 p.m. Eastern Time / 11:00 a.m. Central Time Register: https://register-conf.media-server.com/register/BI423636356c5c4efcb4a6afe
Alerus Financial Corporation (NASDAQ:ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.21 per common share on December 4, 2025, a 5.00% increase over the dividend paid a year ago. The dividend is payable on January 9, 2026, to stockholders of record as of close of business on December 26, 2025. Current and historic dividend information, as well as quarterly financial statements, investor presentations, and earnings call transcripts are available online through Alerus' investor relations website at investors.alerus.com. About Alerus Financial Corporation Alerus Financial Corporation (NASDAQ:ALRS) is a commercial wealth bank and national retirement
Alerus Financial Corporation (NASDAQ:ALRS), or the Company, reported net income of $16.9 million for the third quarter of 2025, or $0.65 per diluted common share, compared to net income of $20.3 million, or $0.78 per diluted common share, for the second quarter of 2025, and net income of $5.2 million, or $0.26 per diluted common share, for the third quarter of 2024. CEO Comments President and Chief Executive Officer Katie Lorenson said, "Alerus delivered another strong quarter, building on the momentum established earlier this year. Our results reflect the strength and resilience of our diversified business model, coupled with disciplined execution by an exceptional team of professional
Alerus Financial Corporation (NASDAQ:ALRS) announced that it will issue its third quarter financial results on Thursday, October 30, 2025. Alerus Financial Corporation will also host a conference call at 11:00 a.m. Central Time on Friday, October 31, 2025, to discuss its financial results. Analysts and institutional investors may participate in the question-and-answer session. Attendees are encouraged to register ahead of time for the call. Conference Call Information Date: Friday, October 31, 2025 Time: 12:00 p.m. Eastern Time / 11:00 a.m. Central Time Register: https://register-conf.media-server.com/register/BI894d4011ffd14e0dba649c6b49432f60 A recording of the call and transcript w
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SC 13G/A - ALERUS FINANCIAL CORP (0000903419) (Subject)
SC 13G/A - ALERUS FINANCIAL CORP (0000903419) (Subject)
SC 13G/A - ALERUS FINANCIAL CORP (0000903419) (Subject)