Alerus Financial Corp (ALRS) - Net Assets
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. Check Alerus Financial Corp (ALRS) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore total assets of Alerus Financial Corp for the complete picture of this company's asset base.
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. For live valuation and market cap data, see market cap of Alerus Financial Corp.
| 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 |
|---|---|
|
Tiptree Inc
NASDAQ:TIPT
|
$647.54 Million |
|
Hektas Ticaret TAS
IS:HEKTS
|
$647.62 Million |
|
Lindian Resources Ltd
AU:LIN
|
$647.63 Million |
|
Zhuhai Rundu Pharmaceutical Co Ltd Class A
SHE:002923
|
$647.85 Million |
|
X Fab Silicon Foundries EV
PA:XFAB
|
$646.89 Million |
|
Levinstein Eng
TA:LEVI
|
$646.80 Million |
|
Princess Private Equity Holding Ltd
LSE:PEY
|
$646.59 Million |
|
Solarvest Holdings Bhd
KLSE:0215
|
$646.49 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: 1.23x
- 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 4.30x to 1.23x 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 | $26.95 | x |
| 2009-12-31 | $6.73 | $26.95 | x |
| 2010-12-31 | $7.34 | $26.95 | x |
| 2011-12-31 | $9.55 | $26.95 | x |
| 2012-12-31 | $10.40 | $26.95 | x |
| 2013-12-31 | $11.14 | $26.95 | x |
| 2014-12-31 | $12.29 | $26.95 | x |
| 2015-12-31 | $13.11 | $26.95 | x |
| 2016-12-31 | $12.06 | $26.95 | x |
| 2017-12-31 | $12.89 | $26.95 | x |
| 2018-12-31 | $14.01 | $26.95 | x |
| 2019-12-31 | $18.93 | $26.95 | x |
| 2020-12-31 | $18.93 | $26.95 | x |
| 2021-12-31 | $20.55 | $26.95 | x |
| 2022-12-31 | $18.90 | $26.95 | x |
| 2023-12-31 | $18.33 | $26.95 | x |
| 2024-12-31 | $23.24 | $26.95 | x |
| 2025-12-31 | $21.98 | $26.95 | 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: 5.32%
- • 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 | 3.59% | 5.26% | 0.06x | 10.62x | $-31.76 Million |
| 2025 | 3.09% | 5.32% | 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: $596,918,000
- Average return on equity (ROE) among peers: 10.77%
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 | $647.19 Million |
| Ameris Bancorp (ABCB) | $1.46 Billion | 8.31% | 6.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $5.70 Billion |
| ACNB Corporation (ACNB) | $74.01 Million | 9.97% | 11.77x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $129.12 Million | 4.21% | 5.71x | $135.98 Million |
| Amalgamated Bank (AMAL) | $535.82 Million | 8.62% | 10.16x | $1.14 Billion |
| Amerant Bancorp Inc. (AMTB) | $901.22 Million | 12.53% | 7.48x | $962.39 Million |
| Arrow Financial Corporation (AROW) | $72.29 Million | 17.85% | 12.85x | $601.02 Million |
| Associated Banc-Corp (ASB) | $2.02 Billion | 12.80% | 9.17x | $5.20 Billion |
| AmeriServ Financial Inc (ASRV) | $65.10 Million | 11.83% | 10.90x | $62.60 Million |
About 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