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ALRSAlerus Financial Corp

NASDAQ · Financial Services · Banks - Regional

$32.74

+$0.13 (+0.41%)

Alerus Financial Corp (ALRS) is a banks - regional company listed on NASDAQ. It is led by Katie A. Lorenson CPA, based in 401 Demers Avenue, Grand Forks, ND, United States, 58201, with about 846 employees. Alerus Financial Corporation operates as the bank holding company for Alerus Financial, National Association that provides various financial services to businesses and consumers in the United States. The company operates through three segments: Banking, Retirement and Benefit Services, and Wealth. It offers demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, noninterest-bearing deposits, interest-bearing checking accounts, and certificates of deposit; and treasury management products, including electronic receivables management, remote deposit capture, cash vault, merchant, and other cash management services. The company also provides commercial loans, business term loans, and lines of credit; commercial real estate, and commercial and industrial loans; consumer lending products, including residential first mortgage loans; and installment loans, and loans collateralized by cash and marketable securities. In addition, it offers retirement plan, and investment advisory services, employee stock ownership plan, investment fiduciary services, health savings accounts, flex spending accounts, COBRA recordkeeping, and other administration 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 cards, personal and business loans, credit cards, online and mobile banking/wallet, private banking, deposit and payment solutions, administration, and government health insurance program services. 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.

Net income was $16.9M. ALRS currently screens at market cap $556.3M and trailing P/E 21.3.

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About Alerus Financial Corp

Alerus Financial Corporation operates as the bank holding company for Alerus Financial, National Association that provides various financial services to businesses and consumers in the United States. The company operates through three segments: Banking, Retirement and Benefit Services, and Wealth. It offers demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, noninterest-bearing deposits, interest-bearing checking accounts, and certificates of deposit; and treasury management products, including electronic receivables management, remote deposit capture, cash vault, merchant, and other cash management services. The company also provides commercial loans, business term loans, and lines of credit; commercial real estate, and commercial and industrial loans; consumer lending products, including residential first mortgage loans; and installment loans, and loans collateralized by cash and marketable securities. In addition, it offers retirement plan, and investment advisory services, employee stock ownership plan, investment fiduciary services, health savings accounts, flex spending accounts, COBRA recordkeeping, and other administration 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 cards, personal and business loans, credit cards, online and mobile banking/wallet, private banking, deposit and payment solutions, administration, and government health insurance program services. 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.

ALRS Key Statistics

Market Cap

$556.27M

Volume

113,504

Previous Close

$32.86

Day Range

$32.73$33.10

P/E Ratio

21.29

0

EPS

$0.83

Revenue

$0.00

Net Income

$17.78M

Gross Profit

$0.00

Free Cash Flow

$0.00

Dividend Yield

3.69%

Employees

846

ALRS Financials

Annual income statement in USD. Latest reported periods first.

ALRS annual income statement across FY2024, FY2023, FY2022, FY2021
LineFY2024FY2023FY2022FY2021
Revenue$0.00$0.00$0.00$0.00
Cost of Revenue$0.00$0.00$0.00$0.00
Gross Profit$0.00$0.00$0.00$0.00
Operating Income$0.00$0.00$0.00$0.00
Net Income$17.78M$11.70M$40.01M$52.68M
EPS (Diluted)$0.83$0.58$2.10$2.97

Total Assets

$5.26B

Total Debt

$0.00

Shareholders' Equity

$0.00

Cash & Equivalents

$61.24M

Operating Cash Flow

$28.96M

Free Cash Flow

$0.00

Alerus Financial Corp Company Information

President, CEO & Director
Katie A. Lorenson CPA
Headquarters
401 Demers Avenue, Grand Forks, ND, United States, 58201
Phone
701 795 3200
IPO / Founded
2001-01-02
Industry
Banks - Regional
Data Updated:

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