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Alerus Financial Corp. (ALRS) Stock Fundamental Analysis & AI Rating 2026

ALRS Nasdaq National Commercial Banks DE CIK: 0000903419
Updated This Month • Analysis: Mar 19, 2026 • SEC Data: 2025-12-31
📅 Next earnings: Apr 29, 2026 (in 13 days) • After-hours ET • EPS est. $0.57 (vs $0.56 prior year) • All earnings →
Combined AI Rating
HOLD
66% Confidence
STRONG AGREEMENT
HOLD
55% Conf
HOLD
77% Conf

📊 ALRS Key Takeaways

Revenue: $279.6M
Net Margin: 6.2%
Free Cash Flow: $58.8M
Current Ratio: N/A
Debt/Equity: 0.10x
EPS: $0.68
AI Rating: HOLD with 55% confidence
Alerus Financial Corp. (ALRS) receives a HOLD rating with 66% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $279.6M, net profit margin of 6.2%, and return on equity (ROE) of 3.1%, Alerus Financial Corp. demonstrates mixed fundamentals in the Finance sector. Below is our complete ALRS stock analysis for 2026.

Is Alerus Financial Corp. (ALRS) a Good Investment?

Claude

Alerus Financial demonstrates solid revenue growth of 62.1% YoY with healthy free cash flow generation of $58.8M, indicating operational resilience. However, profitability metrics are concerning with net margin compression to 6.2%, minimal ROA of 0.3%, and critically low interest coverage of 0.4x that suggests limited ability to service debt obligations.

ChatGPT

Alerus Financial shows strong top-line growth and solid positive free cash flow, supported by a manageable debt load and a stable equity base. However, the quality of that growth is questionable because revenue expanded sharply while net income was essentially flat, EPS declined materially, and profitability metrics such as ROE and ROA remain weak. Fundamentally, this looks like a financially stable bank with limited earnings efficiency rather than a clearly strengthening profit compounder.

Why Buy Alerus Financial Corp. Stock? ALRS Key Strengths

Claude
  • + Strong revenue growth of 62.1% year-over-year demonstrating market demand and business expansion
  • + Healthy free cash flow of $58.8M with 21.0% FCF margin showing cash generation ability
  • + Conservative leverage with debt-to-equity ratio of 0.10x indicating low financial risk
ChatGPT
  • + Revenue grew 62.1% year over year, indicating meaningful business expansion
  • + Operating cash flow and free cash flow are positive, with a strong 21.0% FCF margin
  • + Leverage appears modest with debt-to-equity of 0.10x and long-term debt of $59.18M against $564.93M of equity

ALRS Stock Risks: Alerus Financial Corp. Investment Risks

Claude
  • ! Critically low interest coverage ratio of 0.4x suggests inability to comfortably service debt obligations
  • ! Extremely weak profitability with ROA of only 0.3% and ROE of 3.1% indicating poor capital efficiency
  • ! Net income essentially flat year-over-year despite 62.1% revenue growth, signaling margin compression and operational leverage concerns
ChatGPT
  • ! Net income was down 0.2% and diluted EPS fell 18.1% despite strong revenue growth, pointing to weak earnings conversion
  • ! Profitability is subdued with ROE of 3.1%, ROA of 0.3%, and net margin of 6.2%
  • ! Interest coverage of 0.4x suggests weak earnings support relative to interest burden

Key Metrics to Watch

Claude
  • * Interest coverage ratio - must improve above 2.0x to demonstrate sustainable debt servicing capability
  • * Net profit margin trend - monitor if margin compression stabilizes or continues deteriorating
  • * Return on assets - track whether operational efficiency improvements drive ROA toward banking sector averages
ChatGPT
  • * ROE and ROA improvement
  • * Net income and diluted EPS growth relative to revenue growth

Alerus Financial Corp. (ALRS) Financial Metrics & Key Ratios

Revenue
$279.6M
Net Income
$17.4M
EPS (Diluted)
$0.68
Free Cash Flow
$58.8M
Total Assets
$5.2B
Cash Position
$67.2M

💡 AI Analyst Insight

The 21.0% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.

ALRS Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 8.1%
Net Margin 6.2%
ROE 3.1%
ROA 0.3%
FCF Margin 21.0%

ALRS vs Finance Sector: How Alerus Financial Corp. Compares

How Alerus Financial Corp. compares to Finance sector averages

Net Margin
ALRS 6.2%
vs
Sector Avg 25.0%
ALRS Sector
ROE
ALRS 3.1%
vs
Sector Avg 12.0%
ALRS Sector
Current Ratio
ALRS 0.0x
vs
Sector Avg 1.2x
ALRS Sector
Debt/Equity
ALRS 0.1x
vs
Sector Avg 2.0x
ALRS Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Alerus Financial Corp. Stock Overvalued? ALRS Valuation Analysis 2026

Based on fundamental analysis, Alerus Financial Corp. has mixed fundamental signals relative to the Finance sector in 2026.

Return on Equity
3.1%
Sector avg: 12%
Net Profit Margin
6.2%
Sector avg: 25%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.10x
Sector avg: 2x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Alerus Financial Corp. Balance Sheet: ALRS Debt, Cash & Liquidity

Current Ratio
N/A
Quick Ratio
N/A
Debt/Equity
0.10x
Debt/Assets
89.2%
Interest Coverage
0.40x
Long-term Debt
$59.2M

ALRS Revenue & Earnings Growth: 5-Year Financial Trend

ALRS 5-year financial data:
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Alerus Financial Corp.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $0.58 reflects profitable operations.

ALRS Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
21.0%
Free cash flow / Revenue

Alerus Financial Corp. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$67.5M
Cash generated from operations
Stock Buybacks
$737.0K
Shares repurchased (TTM)
Capital Expenditures
$8.7M
Investment in assets
Dividends Paid
$20.8M
Returned to shareholders

ALRS SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Alerus Financial Corp. (CIK: 0000903419)

📋 Recent SEC Filings

Date Form Document Action
Apr 1, 2026 DEF 14A alrs20251215_def14a.htm View →
Mar 31, 2026 8-K alrs20260331_8k.htm View →
Mar 4, 2026 10-K alrs20251231_10k.htm View →
Mar 2, 2026 4 xslF345X05/rdgdoc.xml View →
Mar 2, 2026 4 xslF345X05/rdgdoc.xml View →

Frequently Asked Questions about ALRS

What is the AI rating for ALRS?

Alerus Financial Corp. (ALRS) has a Combined AI Rating of HOLD from Claude (HOLD) and ChatGPT (HOLD) with 66% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are ALRS's key strengths?

Claude: Strong revenue growth of 62.1% year-over-year demonstrating market demand and business expansion. Healthy free cash flow of $58.8M with 21.0% FCF margin showing cash generation ability. ChatGPT: Revenue grew 62.1% year over year, indicating meaningful business expansion. Operating cash flow and free cash flow are positive, with a strong 21.0% FCF margin.

What are the risks of investing in ALRS?

Claude: Critically low interest coverage ratio of 0.4x suggests inability to comfortably service debt obligations. Extremely weak profitability with ROA of only 0.3% and ROE of 3.1% indicating poor capital efficiency. ChatGPT: Net income was down 0.2% and diluted EPS fell 18.1% despite strong revenue growth, pointing to weak earnings conversion. Profitability is subdued with ROE of 3.1%, ROA of 0.3%, and net margin of 6.2%.

What is ALRS's revenue and growth?

Alerus Financial Corp. reported revenue of $279.6M.

Does ALRS pay dividends?

Alerus Financial Corp. pays dividends, with $20.8M distributed to shareholders in the trailing twelve months.

Where can I find ALRS SEC filings?

Official SEC filings for Alerus Financial Corp. (CIK: 0000903419) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is ALRS's EPS?

Alerus Financial Corp. has a diluted EPS of $0.68.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is ALRS a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Alerus Financial Corp. has a HOLD rating with 66% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is ALRS stock overvalued or undervalued?

Valuation metrics for ALRS: ROE of 3.1% (sector avg: 12%), net margin of 6.2% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.

Should I buy ALRS stock in 2026?

Our dual AI analysis gives Alerus Financial Corp. a combined HOLD rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is ALRS's free cash flow?

Alerus Financial Corp.'s operating cash flow is $67.5M, with capital expenditures of $8.7M. FCF margin is 21.0%.

How does ALRS compare to other Finance stocks?

Vs Finance sector averages: Net margin 6.2% (avg: 25%), ROE 3.1% (avg: 12%), current ratio N/A (avg: 1.2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 19, 2026 | Data as of: 2025-12-31 | Powered by Claude AI