34.45
+1.89%
Close of 9 Nov 2026, in USD
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
About Alerus Financial
From its filings with the US Securities and Exchange Commission
Alerus Financial is based in Grand Forks, North Dakota and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker ALRS. The SEC classifies its business as national commercial banks. In the fiscal year to 31 December 2025, it reported net income of $17.4m. At that date it held total assets of $5.23bn and shareholders' equity of $564.9m.
Alerus Financial Corporation (the “Company”) is a diversified financial services company headquartered in Grand Forks, North Dakota. Through the Company’s subsidiary, Alerus Financial, National Association (the “Bank”), the Company provides innovative and comprehensive financial solutions to businesses and consumers through three distinct business segments—banking, retirement and benefit services, and wealth. In prior periods, the Company had a fourth operating segment, mortgage. As of January 1, 2024, the mortgage division was fully integrated into the banking division to reflect the way the Company currently manages and views the business. These solutions are delivered through a relationship oriented primary point of contact along with responsive and client friendly technology.
As of December 31, 2025, the Company had $5.2 billion of total assets, $4.0 billion of total loans, $4.2 billion of total deposits, $564.9 million of stockholders’ equity, $44.9 billion of assets under administration/management in the Company’s retirement and benefit services segment, and $4.9 billion of assets under administration/management in the Company’s wealth segment.
Quoted from its 10-K, filed 4 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Diversified Financial Services
- Listed since
- 27 Jul 2001
- Employees
- 864
- Website
- alerus.com ↗
- Head office
- 401 DEMERS AVE, GRAND FORKS, ND, 58201
- Incorporated in
- DE
- Classification
- National Commercial Banks
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. Daniel CoughlinIndependent Chairman of the Board$126,503
- Ms. Katie LorensonPresident, Chief Executive Officer, Director, since 2017$1.3m
- Mr. Alan VillalonChief Financial Officer, Executive Vice President$661,479
- Ms. Karin TaylorChief Operating Officer, Executive Vice President$721,517
- Mr. Jim CollinsExecutive Vice President, Chief Banking and Revenue Officer$841,886
- Ms. Missy KeneyExecutive Vice President, Chief Engagement Officer
- Mr. Forrest WilsonExecutive Vice President and Chief Retirement Services Officer$949,387
- Mr. Randy NewmanDirector, since 2022$103,003
- Mr. Jeffrey BoltonIndependent Director$53,499
- Ms. Janet EstepIndependent Director$103,003
- Ms. Nikki SorumIndependent Director$97,003
- Mr. John UribeIndependent Director$98,003
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 43
- Environment
- 2
- Social
- 47
- Governance
- 80
- Women in the workforce
- 65.02242%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Alerus Financial Corp has several strengths that contribute to its success in the market. Firstly, it boasts a strong financial position with solid profitability and steady revenue growth. This stability provides a strong foundation for future growth and investment opportunities. Additionally, Alerus Financial Corp has a diverse portfolio of financial products and services, allowing it to cater to a wide range of customer needs. Its strong reputation for excellence and customer service further enhances its competitive advantage.
Weaknesses
- Despite its strengths, Alerus Financial Corp faces certain weaknesses that need to be addressed. One significant weakness is its limited geographical presence which may hinder its ability to tap into emerging markets. Furthermore, the company heavily relies on traditional banking services, which puts it at a disadvantage compared to fintech startups that offer innovative digital solutions. Alerus Financial Corp also faces challenges in adapting to rapidly changing regulatory environments, potentially affecting its operations and profitability.
Opportunities
- Alerus Financial Corp has several opportunities it can leverage to further expand its business. Firstly, it can explore potential mergers and acquisitions to gain access to new markets and customers. The growing demand for digital banking services presents an opportunity for the company to invest in technology and develop innovative digital solutions to enhance customer experience and improve operational efficiency. Additionally, expanding its product and service offerings to include wealth management and investment advisory services can open new revenue streams for Alerus Financial Corp.
Threats
- Alerus Financial Corp operates in a highly competitive market where it faces various threats that can impact its business. One significant threat is the increasing competition from both traditional banks and fintech startups. These competitors are constantly innovating and offering new products and services, potentially attracting Alerus Financial Corp's customer base. Economic uncertainty and market volatility pose threats to the company's financial stability and profitability. Additionally, stringent regulations and compliance requirements pose challenges that can increase operational costs for Alerus Financial Corp.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.