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About the company
Alerus Financial Corporation is a diversified financial services company. Through its subsidiary, Alerus Financial, National Association (the Bank), the Company provides financial solutions to businesses and consumers. The Company's segments include Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. The Banking segment offers a complete line of loan, deposit, cash management, and treasury services. The Retirement and Benefit Services segment provides various services, including recordkeeping and administration services to qualified retirement plans; ESOP trustee, recordkeeping, and administration; and investment fiduciary services to retirement plans, among others. The Wealth Management segment provides advisory and planning services, investment management, and trust and fiduciary services. The Mortgage segment offers first and second mortgage loans through a centralized mortgage unit in Minneapolis, Minnesota, as well as through the banking office locations.
- Revenue in USD (TTM)176.11m
- Net income in USD10.00m
- Incorporated2000
- Employees709.00
- LocationAlerus Financial Corp401 Demers AveGRAND FORKS 58201-4574United StatesUSA
- Phone+1 (701) 795-3200
- Fax+1 (302) 655-5049
- Websitehttps://www.alerus.com/
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Mergers & acquisitions
| Acquired company | ALRS:NAQ since announced | Transaction value |
|---|---|---|
| Touchstone Bankshares Inc | -7.46% | 47.00m |
Data delayed at least 15 minutes, as of May 06 2024 16:12 BST.
Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mid Penn Bancorp Inc | 236.34m | 37.40m | 353.18m | 612.00 | 9.32 | 0.6515 | 7.98 | 2.12 | 2.29 | 2.29 | 10.21 | 32.72 | -- | -- | -- | -- | 0.7641 | 0.9139 | -- | -- | -- | -- | 22.40 | 25.16 | -- | -- | -- | 28.88 | 42.72 | 28.05 | -31.76 | 28.94 | -20.92 | 5.92 |
| Flushing Financial Corp | 418.86m | 28.30m | 353.18m | 549.00 | 12.80 | 0.5273 | 10.22 | 1.81 | 0.9495 | 0.9495 | 6.55 | 23.04 | -- | -- | -- | -- | 0.3275 | 0.6727 | -- | -- | -- | -- | 14.51 | 24.28 | -- | -- | -- | 48.90 | 26.80 | 9.33 | -62.75 | -12.25 | 0.2904 | 1.92 |
| Shore Bancshares Inc | 214.08m | 11.23m | 372.29m | 620.00 | 20.44 | 0.7273 | 16.79 | 2.21 | 0.5483 | 0.5483 | 6.35 | 15.41 | -- | -- | -- | -- | 0.2367 | 0.6333 | -- | -- | -- | -- | 6.66 | 18.18 | -- | -- | -- | 44.74 | 88.04 | 30.80 | -63.99 | -6.56 | 39.35 | 8.45 |
| SmartFinancial Inc | 224.65m | 26.45m | 377.46m | 570.00 | 14.15 | 0.8086 | 14.15 | 2.52 | 1.56 | 1.56 | 8.84 | 27.37 | -- | -- | -- | -- | 0.544 | 0.8477 | -- | -- | -- | -- | 17.68 | 23.46 | -- | -- | -- | 11.17 | 37.28 | 18.78 | -33.54 | 9.57 | 10.27 | -- |
| Arrow Financial Corporation | 173.13m | 29.17m | 394.94m | 537.00 | 13.78 | 1.05 | 14.91 | 2.96 | 1.72 | 1.72 | 7.86 | 22.62 | -- | -- | -- | -- | 0.6906 | 1.12 | -- | -- | -- | -- | 21.85 | 30.66 | -- | -- | -- | 39.93 | 25.39 | 10.99 | -38.37 | -3.68 | 6.77 | 4.18 |
| Alerus Financial Corp | 176.11m | 10.00m | 396.92m | 709.00 | 41.24 | 1.06 | 40.07 | 2.38 | 0.4839 | 0.4839 | 8.33 | 18.79 | -- | -- | -- | -- | 0.2418 | 1.15 | -- | -- | -- | -- | 5.96 | 17.25 | -- | -- | -- | 33.15 | 42.66 | 13.46 | -70.44 | -14.67 | -3.30 | -- |
| Thomasville Bancshares Inc | 18.67m | 3.33m | 396.98m | 62.00 | 118.29 | 11.79 | 106.70 | 26.10 | 0.5411 | 0.5411 | 2.47 | 5.43 | -- | -- | -- | -- | -- | 1.72 | -- | -- | -- | -- | 21.89 | 33.81 | -- | -- | -- | 45.58 | 18.11 | 14.98 | 11.29 | 18.07 | -5.73 | 16.59 |
| Bar Harbor Bankshares | 174.18m | 44.85m | 397.09m | 462.00 | 8.86 | 0.9183 | 7.95 | 2.59 | 2.95 | 2.95 | 10.10 | 28.48 | -- | -- | -- | -- | 1.14 | 0.9763 | -- | -- | -- | -- | 29.22 | 26.17 | -- | -- | -- | 39.63 | 37.66 | 6.45 | 2.97 | 6.37 | 6.39 | 6.93 |
| Esquire Financial Holdings Inc | 97.60m | 38.89m | 402.28m | 140.00 | 10.44 | 1.94 | 13.70 | 3.55 | 4.65 | 4.65 | 13.53 | 24.97 | -- | -- | -- | -- | 2.50 | 2.10 | -- | -- | -- | -- | 34.35 | 31.68 | -- | -- | -- | 5.39 | 50.65 | 25.99 | 43.81 | 36.25 | 1.23 | -- |
| Burke & Herbert Bank & Trust Co | 146.90m | 22.69m | 406.57m | -- | 18.47 | 1.29 | -- | 3.64 | 2.96 | 2.96 | 14.14 | 42.37 | -- | -- | -- | -- | 0.632 | 0.8718 | -- | -- | -- | -- | 20.31 | 26.02 | -- | -- | -- | 52.06 | 30.42 | 5.73 | -48.44 | -7.98 | -- | 15.09 |
| CNB Financial Corp | 304.96m | 49.53m | 411.24m | 765.00 | 8.24 | 0.7896 | 7.15 | 1.86 | 2.37 | 2.37 | 10.61 | 27.52 | -- | -- | -- | -- | 0.9509 | 1.06 | -- | -- | -- | -- | 24.42 | 26.62 | -- | -- | -- | 25.40 | 37.41 | 17.37 | -8.90 | 9.74 | 29.03 | 0.8799 |
| Peapack-Gladstone Financial Corp | 312.71m | 39.13m | 414.02m | 521.00 | 10.70 | 0.7109 | 12.08 | 1.88 | 2.18 | 2.18 | 12.29 | 32.79 | -- | -- | -- | -- | 0.6072 | 0.861 | -- | -- | -- | -- | 17.73 | 23.90 | -- | -- | -- | 7.44 | 43.49 | 13.74 | -34.20 | 2.04 | 25.33 | 0.00 |
| Northeast Bank | 249.07m | 55.18m | 421.62m | 182.00 | 7.54 | 1.25 | 9.66 | 2.82 | 7.29 | 7.29 | 19.78 | 44.11 | -- | -- | -- | -- | 1.88 | 2.38 | -- | -- | -- | -- | 36.86 | 37.57 | -- | -- | -- | 0.8526 | 100.11 | 21.87 | 4.80 | 21.54 | 20.22 | 0.00 |
| South Plains Financial Inc | 212.03m | 62.75m | 441.88m | 547.00 | 7.43 | 1.08 | 6.39 | 2.02 | 3.62 | 3.62 | 12.64 | 24.80 | -- | -- | -- | -- | 1.54 | 1.40 | -- | -- | -- | -- | 28.65 | 24.49 | -- | -- | -- | 10.13 | 31.56 | 12.42 | 7.74 | 16.46 | 8.35 | -- |
Data as of May 06 2024. Currency figures normalised to Alerus Financial Corp's reporting currency: US Dollar USD
34.60%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Alerus Financial, NA (Private Banking)as of 31 Dec 2023 | 2.26m | 11.46% |
| BlackRock Fund Advisorsas of 31 Dec 2023 | 1.33m | 6.73% |
| The Vanguard Group, Inc.as of 31 Dec 2023 | 883.17k | 4.47% |
| The Banc Funds Co LLCas of 31 Dec 2023 | 583.02k | 2.95% |
| Geode Capital Management LLCas of 31 Dec 2023 | 378.15k | 1.92% |
| SSgA Funds Management, Inc.as of 31 Dec 2023 | 331.56k | 1.68% |
| Columbia Management Investment Advisers LLCas of 31 Dec 2023 | 330.21k | 1.67% |
| Brown Advisory LLCas of 31 Mar 2024 | 262.45k | 1.33% |
| Dimensional Fund Advisors LPas of 31 Dec 2023 | 254.18k | 1.29% |
| Endeavour Capital Advisors, Inc.as of 31 Dec 2023 | 215.53k | 1.09% |
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Data from 31 Dec 2023 - 31 Mar 2024Source: FactSet Research Systems Inc.
