Alerus Financial Corp
Alerus Financial Corporation operates as the bank holding company for Alerus Financial, National Association that provides various financial services to businesses and consumers in the United States. The company operates in three segments: Banking, Retirement and Benefit Services, and Wealth. It offers demand deposits, interest-bearing transaction accounts, money market accounts, time and savings… Read more
Alerus Financial Corp (ALRS) - Net Assets
Latest net assets as of December 2025: $564.93 Million USD
Based on the latest financial reports, Alerus Financial Corp (ALRS) has net assets worth $564.93 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.23 Billion) and total liabilities ($4.67 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $564.93 Million |
| % of Total Assets | 10.8% |
| Annual Growth Rate | 11.07% |
| 5-Year Change | 57.19% |
| 10-Year Change | 234.71% |
| Growth Volatility | 12.29 |
Alerus Financial Corp - Net Assets Trend (2006–2025)
This chart illustrates how Alerus Financial Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Alerus Financial Corp (2006–2025)
The table below shows the annual net assets of Alerus Financial Corp from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $564.93 Million | +14.03% |
| 2024-12-31 | $495.41 Million | +34.21% |
| 2023-12-31 | $369.13 Million | +3.43% |
| 2022-12-31 | $356.87 Million | -0.70% |
| 2021-12-31 | $359.40 Million | +8.86% |
| 2020-12-31 | $330.16 Million | +15.55% |
| 2019-12-31 | $285.73 Million | +45.07% |
| 2018-12-31 | $196.95 Million | +9.07% |
| 2017-12-31 | $180.57 Million | +6.98% |
| 2016-12-31 | $168.78 Million | -7.68% |
| 2015-12-31 | $182.82 Million | +6.86% |
| 2014-12-31 | $171.09 Million | +11.59% |
| 2013-12-31 | $153.31 Million | +8.51% |
| 2012-12-31 | $141.28 Million | +11.03% |
| 2011-12-31 | $127.25 Million | +31.20% |
| 2010-12-31 | $96.99 Million | +9.79% |
| 2009-12-31 | $88.34 Million | +7.10% |
| 2008-12-31 | $82.48 Million | +0.24% |
| 2007-12-31 | $82.29 Million | +7.04% |
| 2006-12-31 | $76.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Alerus Financial Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 349.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $270.07 Million | 47.81% |
| Common Stock | $25.41 Million | 4.50% |
| Other Comprehensive Income | $-2.16 Million | -0.38% |
| Other Components | $271.61 Million | 48.08% |
| Total Equity | $564.93 Million | 100.00% |
Alerus Financial Corp Competitors by Market Cap
The table below lists competitors of Alerus Financial Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Grocery Outlet Holding Corp
NASDAQ:GO
|
$549.10 Million |
|
Wushang Group Co Ltd
SHE:000501
|
$549.14 Million |
|
Paradise Co. Ltd
KQ:034230
|
$549.25 Million |
|
PCBL LIMITED
NSE:PCBL
|
$549.42 Million |
|
Eastman Kodak Co
NYSE:KODK
|
$548.99 Million |
|
JOHNSON SVC. LS-10
F:5K7
|
$548.86 Million |
|
Frontier Biopharmaceuticals (Nanjing) Co. Ltd. A
SHG:688221
|
$548.84 Million |
|
STAAR Surgical Company
NASDAQ:STAA
|
$548.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Alerus Financial Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 495,410,000 to 564,934,000, a change of 69,524,000 (14.0%).
- Net income of 17,439,000 contributed positively to equity growth.
- Dividend payments of 20,823,000 reduced retained earnings.
- Share repurchases of 737,000 reduced equity.
- Other comprehensive income increased equity by 71,210,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $17.44 Million | +3.09% |
| Dividends Paid | $20.82 Million | -3.69% |
| Share Repurchases | $737.00K | -0.13% |
| Other Comprehensive Income | $71.21 Million | +12.61% |
| Other Changes | $2.44 Million | +0.43% |
| Total Change | $- | 14.03% |
Book Value vs Market Value Analysis
This analysis compares Alerus Financial Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.07x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.74x to 1.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $6.27 | $23.46 | x |
| 2009-12-31 | $6.73 | $23.46 | x |
| 2010-12-31 | $7.34 | $23.46 | x |
| 2011-12-31 | $9.55 | $23.46 | x |
| 2012-12-31 | $10.40 | $23.46 | x |
| 2013-12-31 | $11.14 | $23.46 | x |
| 2014-12-31 | $12.29 | $23.46 | x |
| 2015-12-31 | $13.11 | $23.46 | x |
| 2016-12-31 | $12.06 | $23.46 | x |
| 2017-12-31 | $12.89 | $23.46 | x |
| 2018-12-31 | $14.01 | $23.46 | x |
| 2019-12-31 | $18.93 | $23.46 | x |
| 2020-12-31 | $18.93 | $23.46 | x |
| 2021-12-31 | $20.55 | $23.46 | x |
| 2022-12-31 | $18.90 | $23.46 | x |
| 2023-12-31 | $18.33 | $23.46 | x |
| 2024-12-31 | $23.24 | $23.46 | x |
| 2025-12-31 | $21.98 | $23.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Alerus Financial Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.26%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 9.26x
- Recent ROE (3.09%) is below the historical average (9.57%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 9.28% | 10.20% | 0.10x | 9.37x | $-555.90K |
| 2007 | 12.59% | 13.21% | 0.11x | 8.60x | $2.13 Million |
| 2008 | 11.09% | 11.58% | 0.10x | 9.23x | $901.50K |
| 2009 | 8.34% | 9.77% | 0.07x | 12.76x | $-1.47 Million |
| 2010 | 6.06% | 6.65% | 0.08x | 11.54x | $-3.83 Million |
| 2011 | 8.42% | 11.00% | 0.08x | 9.09x | $-2.02 Million |
| 2012 | 11.51% | 12.76% | 0.10x | 9.36x | $2.13 Million |
| 2013 | 13.22% | 16.32% | 0.09x | 9.01x | $4.94 Million |
| 2014 | 12.14% | 16.51% | 0.08x | 8.70x | $3.66 Million |
| 2015 | 9.36% | 12.20% | 0.08x | 9.54x | $-1.17 Million |
| 2016 | 8.32% | 8.13% | 0.08x | 12.15x | $-2.84 Million |
| 2017 | 8.31% | 8.50% | 0.08x | 11.84x | $-3.06 Million |
| 2018 | 13.13% | 13.74% | 0.09x | 11.06x | $6.17 Million |
| 2019 | 10.34% | 14.44% | 0.09x | 8.25x | $967.20K |
| 2020 | 13.53% | 18.63% | 0.08x | 9.13x | $11.66 Million |
| 2021 | 14.66% | 22.34% | 0.07x | 9.44x | $16.74 Million |
| 2022 | 11.21% | 17.81% | 0.06x | 10.59x | $4.32 Million |
| 2023 | 3.17% | 4.81% | 0.06x | 10.59x | $-25.22 Million |
| 2024 | 3.58% | 5.37% | 0.06x | 10.62x | $-31.80 Million |
| 2025 | 3.09% | 5.26% | 0.06x | 9.26x | $-39.05 Million |
Industry Comparison
This section compares Alerus Financial Corp's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Alerus Financial Corp (ALRS) | $564.93 Million | 9.28% | 8.26x | $549.02 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |