Alerus Financial Corporation Common Stock (ALRS)

FairStock Score: 16/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with the business, not the ticker. Alerus is a $771.8M market-cap regional bank holding company with banking, retirement and benefit services, and wealth segments. That mix may provide fee income, but the numbers I have are those of a mediocre bank. At the 2026-10-13 close of $30.99, FairStock calculates a P/E of 28.69 and a P/B of 1.33. For a bank earning a 4.96% ROE, that is not a bargain; it is a full price for weak returns. The filed record is choppy. In fiscal Q2 2026, the quarter ended 2026-06-30, net income was $20.9M and diluted EPS $0.81, modestly better than fiscal Q2 2025, the quarter ended 2025-06-30, with net income of $20.3M and diluted EPS $0.78. Yet FY2025, the year ended 2025-12-31, showed net income of $17.4M and diluted EPS $0.68, down from FY2024, the year ended 2024-12-31, at $17.8M and $0.83. FairStock's Lynch category is a slow grower that has been shrinking, with profits down 17.2% a year over five years; the PEG of 9.50 says growth does not support the multiple. The Piotroski F-Score of 4/9 reinforces caution. A 2.84% dividend yield and beta of 0.70 are pleasant, but I want a margin of safety. For a bank I would need CET1, net interest margin, credit costs, and underwriting data; those are not in the data. Without them, I cannot call this a moat or a bargain. The recent quarter is encouraging, but the long-term record is not.

In plain English: Alerus is a small bank holding company that also runs retirement and wealth services. Its profits have been uneven, the return it earns on shareholder money is modest, and the latest full-year figures show little progress. At the recent price, the stock looks expensive relative to that record rather than cheap.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer