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← CockpitCompetitor Analysis › ALRS Alerus Financial CorporationOpen in the cockpit ↗

Alerus Financial CorporationALRSCompetitor analysis, valuation and peers

United States · USD·Financials›Major Banks
Momentum strong 78
Mkt cap
$837M
US dollars, full cap
Free float
90%
of shares outstanding
$/day
$4.33M
20-day average traded
P/B
1.45×
price to book
ROE
5.3%
delivered
Implied ROE
10.7%
what the price asks
Next earnings
82 days
27 Jan 2027
Close · USD$33.81
1D-0.1%
1W+1.9%
1M+6.8%
3M+1.8%
6M+25.9%
YTD+50.1%
1Y+58.8%
ATR %2.9%
Beta0.44
52w lowhigh4.7% off high

What Alerus Financial does

Employees: 864

Alerus Financial at a glance

Size Alerus Financial (ALRS) is a United States Financials company (Major Banks) with a market value of $837M, the 2365th largest of 3,117 United States companies the cockpit tracks. Shares closed at $33.81 on 6 Nov 2026.

Performance Over six months the shares gained 25.9%, against +12.7% for the median peer and -1.1% for the United States market (cap-weighted) — 7th highest of 21 in its peer set.

Growth Revenue fell 15.0% over the last twelve months (peer median +6.0%); the operating margin is 15.9% (peer median 28.5%).

Valuation It trades at 1.45× book value against a peer median of 1.27× (5th most expensive of 21).

Price implies The share price implies a return on equity of about 10.7%; Alerus Financial delivers 5.3%, so the price asks more than the business earns today.

Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).

Relative performance

10011012013011 May 202611 Aug 20266 Nov 2026ALRS 125Peer median 113
Six months, rebased to 100: Alerus Financial against the median of its 20 peers (local-currency closes).

Alerus Financial financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$340M$332M$337M$245M$224M
Revenue growth—-1%+38%+9%—
Net income$30.1M$17.5M$17.7M$11.7M$39.6M
Free cash flown/a$58.8M$9.38M$20.4M$52.6M
Capital expendituren/a$10.9M$14.3M$3.17M$1.79M
Total debt$420M$404M$317M$379M$443M

Quarterly statements and history in the cockpit →

Alerus Financial competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+20%+40%+60%-20%-10%0%+10%833783622897THFFFMNBALBAVCACAROWR4LASPCBNK2836AMTB8360NORIONSUPVSKJEOSBCALRS6-month return →1-month return →
Up and to the right = strong over both horizons. Alerus Financial is the large dot.

Fundamentals: return on equity against price-to-book

5%10%15%10×20×833783622897THFFFMNBALBAVCACAROWR4LASPVPBNCBNK2836AMTB8360PCZSUPVSKJEALRSReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Alerus Financial is the large dot.

Capital: ROE delivered against the ROE the price implies

0%10%20%30%0%20%833783622897THFFFMNBALBAVAROWR4LASPCBNK2836AMTBSUPVSKJEALRSROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Alerus Financial is the large dot.

Alerus Financial competitors and peer comparison

How Alerus Financial compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Alerus Financial against its 20 peers (data as of 6 Nov 2026)
MeasureALRSPeer medianRank in peer set
1-month return+6.8%+1.7%4th highest of 21
6-month return+25.9%+12.7%7th highest of 21
Return on equity5.3%10.5%5th lowest of 21
Price / book1.45×1.27×5th most expensive of 21
Trailing P/E28.6×12.8×most expensive of 20
ROE the price implies10.7%8.4%4th most demanding of 20
ROE delivered5.3%10.5%6th lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Alerus Financial ALRSUnited States$837M+26%-15%5%1.45×10.7%5.3%
Chiba Kogyo Bank 8337.TJapan$845M+10%+28%5%1.01×8.4%4.9%
Fukui Bank 8362.TJapan$872M+57%+16%7%0.86×7.9%7.5%
O-Bank 2897.TWTaiwan$889M+4%-7%6%0.68×2.8%5.6%
First Financial THFFUnited States$907M+12%+10%14%1.37×8.6%14.3%
Farmers National Banc FMNBUnited States$914M+9%+26%12%1.28×10.2%11.6%
Alandsbanken Abp ALBAV.HEFinland$724M-5%-4%16%2.30×8.3%16.3%
Camden National CACUnited States$980M+18%+6%13%1.36×9.5%12.9%
Arrow Financial AROWUnited States$713M+4%+14%9%1.38×10.6%9.4%
Renta 4 Banco R4.MCSpain$984M+13%+12%29%4.15×13.9%29.0%
Laan & Spar Bank A/S LASP.CODenmark$711M+11%-7%12%1.26×5.2%11.7%
VP Bank VPBN.SWSwitzerland$706M+14%-10%4%0.49×n/a4.3%
Capital Bancorp CBNKUnited States$692M+34%+10%13%1.60×10.0%13.2%
Bank of Kaohsiung 2836.TWTaiwan$652M-1%-5%5%0.78×3.0%5.3%
Amerant Bancorp AMTBUnited States$1.15B+26%-8%8%1.38×11.0%7.5%
Yamanashi Chuo Bank 8360.TJapan$1.16B+57%+30%5%0.72×5.7%5.0%
Norion Bank NORION.STSweden$1.18B+33%-2%13%1.23×6.8%12.6%
ProCredit PCZ.DEGermany$580M+9%+6%7%0.48×7.0%7.1%
Grupo Supervielle SA Sponsored ADR SUPVUnited States$567M-29%-5%-7%0.62×9.2%-6.9%
Skjern Bank A/S SKJE.CODenmark$567M+27%+2%13%1.83×6.4%13.1%
Old Second Bancorp OSBCUnited States$1.24B+15%+22%13%1.37×10.9%12.8%

Questions

Which companies are Alerus Financial's closest peers?
The cockpit's peer set: Chiba Kogyo Bank (8337.T), Fukui Bank (8362.T), O-Bank (2897.TW), First Financial (THFF), Farmers National Banc (FMNB), Alandsbanken Abp (ALBAV.HE), Camden National (CAC), Arrow Financial (AROW).
Is Alerus Financial expensive compared with its peers?
On price / book it trades at 1.45× against a peer median of 1.27×, 5th most expensive of 21 in its peer set. The share price implies a return on equity of about 10.7%; Alerus Financial delivers 5.3%, so the price asks more than the business earns today.
How has Alerus Financial stock performed?
Over six months to 6 Nov 2026 the shares returned +25.9% against +12.7% for the median peer; over one year +58.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.