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Stocks · Financials · National Commercial Banks

ALERUS FINANCIAL CORP

ALRS Clue Score39
United States Fiscal year ends December CIK 0000903419
$31.07 -1.86% Close, 9 Oct 2026
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Price $31.07 +2.95% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
Net income
Fiscal year 2017Net income15.0EPS, diluted1.07Fiscal year 2018Net income25.9 +72.4%EPS, diluted1.84 +72.0%Fiscal year 2019Net income29.5 +14.2%EPS, diluted1.91 +3.8%Fiscal year 2020Net income44.7 +51.2%EPS, diluted2.52 +31.9%Fiscal year 2021Net income52.7 +17.9%EPS, diluted2.97 +17.9%Fiscal year 2022Net income40.0 −24.1%EPS, diluted2.10 −29.3%Fiscal year 2023Net income11.7 −70.8%EPS, diluted0.58 −72.4%Fiscal year 2024Net income17.8 +52.0%EPS, diluted0.83 +43.1%Fiscal year 2025Net income17.4 −1.9%EPS, diluted0.68 −18.1%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income 15.0 25.9 29.5 44.7 52.7 40.0 11.7 17.8 17.4
Growth +72.4% +14.2% +51.2% +17.9% −24.1% −70.8% +52.0% −1.9%
EPS, diluted 1.07 1.84 1.91 2.52 2.97 2.10 0.58 0.83 0.68
Growth +72.0% +3.8% +31.9% +17.9% −29.3% −72.4% +43.1% −18.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow47.9Capital expenditure−2.9Free cash flow44.9Buybacks−0.3Dividends paid−6.7Fiscal year 2018Operating cash flow53.6Capital expenditure−3.8Free cash flow49.8 +10.8%Buybacks−0.4Dividends paid−7.5Fiscal year 2019Operating cash flow19.2Capital expenditure−2.9Free cash flow16.3 −67.2%Buybacks−1.9Dividends paid−8.9Fiscal year 2020Operating cash flow−22.3Capital expenditure−3.8Free cash flow−26.1 −259.4%Buybacks−0.5Dividends paid−10.4Fiscal year 2021Operating cash flow149.8Capital expenditure−1.7Free cash flow148.1Buybacks−0.7Dividends paid−10.8Fiscal year 2022Operating cash flow103.0Capital expenditure−1.8Free cash flow101.2 −31.7%Buybacks−0.7Dividends paid−12.8Fiscal year 2023Operating cash flow26.8Capital expenditure−3.1Free cash flow23.7 −76.5%Buybacks−6.6Dividends paid−14.8Fiscal year 2024Operating cash flow21.7Capital expenditure−12.4Free cash flow9.4 −60.5%Buybacks−0.3Dividends paid−15.4Fiscal year 2025Operating cash flow67.5Capital expenditure−8.7Free cash flow58.8 +527.5%Buybacks−0.7Dividends paid−20.8
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 47.9 53.6 19.2 −22.3 149.8 103.0 26.8 21.7 67.5
Capital expenditure −2.9 −3.8 −2.9 −3.8 −1.7 −1.8 −3.1 −12.4 −8.7
Free cash flow 44.9 49.8 16.3 −26.1 148.1 101.2 23.7 9.4 58.8
Growth +10.8% −67.2% −259.4% −31.7% −76.5% −60.5% +527.5%
Buybacks −0.3 −0.4 −1.9 −0.5 −0.7 −0.7 −6.6 −0.3 −0.7
Dividends paid −6.7 −7.5 −8.9 −10.4 −10.8 −12.8 −14.8 −15.4 −20.8

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash122.0Shareholders’ equity148.1Fiscal year 2018Cash40.7Total debt58.8Net cash (debt)−18.2Shareholders’ equity162.5Debt to equity0.36Fiscal year 2019Cash144.0Total debt58.8Net cash (debt)85.2Shareholders’ equity285.7Debt to equity0.21Fiscal year 2020Cash173.0Total debt58.7Net cash (debt)114.2Shareholders’ equity330.2Debt to equity0.18Fiscal year 2021Cash242.3Total debt58.9Net cash (debt)183.4Shareholders’ equity359.4Debt to equity0.16Fiscal year 2022Cash58.2Total debt58.8Net cash (debt)−0.6Shareholders’ equity356.9Debt to equity0.16Fiscal year 2023Cash129.9Total debt59.0Net cash (debt)70.9Shareholders’ equity369.1Debt to equity0.16Fiscal year 2024Cash61.2Total debt59.1Net cash (debt)2.2Shareholders’ equity495.4Debt to equity0.12Fiscal year 2025Cash67.2Total debt59.2Net cash (debt)8.0Shareholders’ equity564.9Debt to equity0.10
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 122.0 40.7 144.0 173.0 242.3 58.2 129.9 61.2 67.2
Total debt n/a 58.8 58.8 58.7 58.9 58.8 59.0 59.1 59.2
Net cash (debt) n/a −18.2 85.2 114.2 183.4 −0.6 70.9 2.2 8.0
Shareholders’ equity 148.1 162.5 285.7 330.2 359.4 356.9 369.1 495.4 564.9
Debt to equity n/a 0.36 0.21 0.18 0.16 0.16 0.16 0.12 0.10

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Spending
53.9% 21.7% 24.1% 23.7% 23.7% 23.3% 26.2% 23.2% 22.8%
Returns
10.1% 15.9% 10.3% 13.5% 14.7% 11.2% 3.2% 3.6% 3.1%
0.7% 1.2% 1.3% 1.5% 1.6% 1.1% 0.3% 0.3% 0.3%
Balance and payout
n/a 0.36 0.21 0.18 0.16 0.16 0.16 0.12 0.10
n/a 91.0% 87.9% 89.0% 89.4% 90.6% 90.6% 90.6% 89.2%
44.9% 28.8% 30.2% 23.3% 20.4% 32.0% 126.7% 86.9% 119.4%
15.6% 15.7% 66.4% n/a 7.7% 13.4% 90.4% 167.7% 36.6%