ALERUS FINANCIAL CORP(ALRS)Stock Analysis
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Pending next ranking run
This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
ALRS Stock Analysis & AI Quality Score
AI stock analysis and institutional research for ALERUS FINANCIAL CORP (ALRS), a Financials sector company. ALRS is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), ALERUS FINANCIAL CORP reports quarterly revenue of $75.8M, net income of $23.0M, free cash flow of $25.8M. Top institutional holders of ALRS by reported 13-F value include ALERUS FINANCIAL NA, BlackRock,, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. ALRS trades on the Nasdaq exchange and files with the SEC under CIK 903419. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ALRS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for ALERUS FINANCIAL CORP directly from SEC EDGAR.
Revenue
Q1 2026
$75.8M
Net Income
Q1 2026
$23.0M
Free Cash Flow
Q1 2026
$25.8M
ROIC
Q1 2026
4.8%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Net Income
+49.1% YoYEPS (Diluted)
+17.2% YoYTotal Assets
+33.8% YoYTotal Debt
-1.4% YoYOp. Cash Flow
+151.8% YoY| Metric | FY 2025 | FY 2023 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Net Income | $17.4M +49.1% | $11.7M -60.4% | $29.5M +14.2% | $25.9M +72.4% | $15.0M | — |
| EPS (Diluted) | $0.68 +17.2% | $0.58 -69.6% | $1.91 +3.8% | $1.84 +72.0% | $1.07 | — |
| Total Assets | $5.23B +33.8% | $3.91B +65.8% | $2.36B +8.2% | $2.18B +2.0% | $2.14B | — |
| Total Debt | $368.0M -1.4% | $373.1M +534.9% | $58.8M -61.4% | $152.3M | — | — |
| Operating Cash Flow | $67.5M +151.8% | $26.8M +39.3% | $19.2M -64.1% | $53.6M +11.8% | $47.9M | — |
AI Insight: ALRS Financial Trends
Net income swings wildly — a $56M reversal from Q4 2025's -$33M loss to Q1 2026's $23M profit masks underlying volatility that demands scrutiny.
• Equity steadily expanded from $373M in Q2 2024 to $575M in Q1 2026, a $202M cumulative build over eight quarters.
• Total debt fell sharply from $614M in Q2 2024 to $259M in Q1 2026, though it oscillates quarter-to-quarter between $259M and $374M.
• Net income is highly erratic, swinging from -$33M in Q4 2025 to $23M in Q1 2026, with a prior loss near zero in Q4 2024.
• Operating cash flow improved to $28M in Q1 2026, recovering from -$11M in Q2 2024, suggesting better near-term cash generation.
⚠ Q4 2025's -$33M net loss is a severe outlier; the driver is unidentified in available data and warrants close follow-up.
⚠ Total debt jumped from $259M to $374M between Q3 and Q4 2025, then fell back — this recurring volatility suggests unstable short-term funding.
⚠ Revenue data is entirely absent across all eight quarters, preventing any assessment of top-line trends or margin dynamics.
AI Insight: ALRS Ratio Trends
ALRS posted its strongest quarterly ROIC on record at 14.5% in Q1 2026, but a catastrophic Q4 2025 loss (-23.4% ROE) drags the TTM picture to a modest 4.7% ROE.
• ROIC surged from -18.6% in Q4 2025 to 14.5% in Q1 2026, the highest single-quarter reading in the dataset.
• ROA improved from -2.5% in Q4 2025 to 1.7% in Q1 2026, the best quarterly ROA observed.
• Leverage (D/E) fell steadily from 1.65 in Q2 2024 to 0.45 in Q1 2026, signaling meaningful balance-sheet deleveraging.
• TTM ROE of 4.7% and ROIC of 4.2% remain subdued, entirely weighed down by the Q4 2025 loss event.
⚠ Q4 2025 produced ROE of -23.4% and ROIC of -18.6% — the cause of this loss spike warrants close monitoring for recurrence.
⚠ D/E ticked back up to 0.70 in Q2 2025 and 0.65 in Q4 2025 before declining; leverage volatility bears watching.
⚠ Sustaining Q1 2026's 14.5% ROIC through coming quarters is key to confirming the earnings recovery is durable, not seasonal.
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Available Research
13F Pro tracks comprehensive data for ALERUS FINANCIAL CORP including:
Top Institutional Holders of ALRS
ALERUS FINANCIAL NA
$53.2M2,241,741 shBlackRock, Inc.
$41.7M1,760,751 shVANGUARD CAPITAL MANAGEMENT LLC
$22.8M961,776 shDIMENSIONAL FUND ADVISORS LP
$21.0M886,815 shGEODE CAPITAL MANAGEMENT, LLC
$14.6M617,676 shENDEAVOUR CAPITAL ADVISORS INC
$13.3M562,229 shSTATE STREET CORP
$11.8M493,162 shAMERIPRISE FINANCIAL INC
$9.1M383,940 shGOLDMAN SACHS GROUP INC
$8.7M366,527 shBANC FUNDS CO LLC
$8.3M349,165 sh
| Fund | Value | Shares |
|---|---|---|
| ALERUS FINANCIAL NA | $53.2M | 2,241,741 |
| BlackRock, Inc. | $41.7M | 1,760,751 |
| VANGUARD CAPITAL MANAGEMENT LLC | $22.8M | 961,776 |
| DIMENSIONAL FUND ADVISORS LP | $21.0M | 886,815 |
| GEODE CAPITAL MANAGEMENT, LLC | $14.6M | 617,676 |
| ENDEAVOUR CAPITAL ADVISORS INC | $13.3M | 562,229 |
| STATE STREET CORP | $11.8M | 493,162 |
| AMERIPRISE FINANCIAL INC | $9.1M | 383,940 |
| GOLDMAN SACHS GROUP INC | $8.7M | 366,527 |
| BANC FUNDS CO LLC | $8.3M | 349,165 |
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Popular Research
Is ALRS a good stock to buy?
13F Pro's AI-powered analysis of ALERUS FINANCIAL CORP (ALRS) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for ALRS are available on the ALRS stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own ALRS?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling ALRS. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of ALERUS FINANCIAL CORP's investment landscape.