No profile data available.
Alerus Financial Corporation (ALRS) is a financial services company in the US central and western banking institutions industry, based in Grand Forks, United States, with about 821 full-time employees.
It reported revenue of $220.72 million for fiscal year 2025, and net income of $17.47 million. In Q2 2026 (the quarter ended June 30, 2026) revenue was $80.04 million, up 8.4% from a year before. Its largest business segment, Banking Incl. Mortgage, brought in 58% of segment revenue in fiscal year 2025. Its market capitalization was $774.50 million as of October 9, 2026.
Figures from company filings and market data; latest fiscal year ended December 31, 2025; market data as of October 9, 2026.
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 in three segments: Banking, Retirement and Benefit Services, and Wealth.
Alerus Financial reported $220.72 million in revenue for fiscal year 2025. In Q2 2026 revenue was $80.04 million.
Banking Incl. Mortgage, with $132.58 million or 58% of segment revenue in fiscal year 2025. Next: Retirement and Benefit Services (29%) and Wealth Advisory Services (12%).
$774.50 million as of October 9, 2026.
Listed companies of a similar size in the same industry (US central and western banking institutions) include Hills Bancorporation (HBIA), South Plains Financial, Inc. (SPFI), Independent Bank Corporation (IBCP), River City Bank (RCBC).