with roots tracing back to 1879, alerus is a financial services company offering banking, mortgage, retirement, health and welfare, and wealth management. banking offices are located in minnesota, north dakota, and arizona. retirement services offices are located in minnesota, michigan, and new hampshire.
Company profile
Ticker
ALRS
Exchange
Website
CEO
Randy L. Newman
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
FIRST NATIONAL CORP NORTH DAKOTA
SEC CIK
Corporate docs
Subsidiaries
Retirement Planning Services, Inc. • Alerus LIHTC Fund, LLC ...
IRS number
450375407
ALRS stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
25 Mar 24
DEFA14A
Additional proxy soliciting materials
25 Mar 24
DEF 14A
Definitive proxy
25 Mar 24
10-K
2023 FY
Annual report
8 Mar 24
8-K
Alerus Financial Corporation Declares
28 Feb 24
8-K
Alerus Financial Corporation Names Forrest Wilson Chief Retirement Services Officer
22 Feb 24
8-K
Departure of Directors or Certain Officers
16 Feb 24
8-K
Alerus Financial Corporation Announces Fourth Quarter 2023 Results, Including Balance Sheet Repositioning
24 Jan 24
8-K
Alerus Financial Corporation Sells $172.3M of Debt Securities and Uses Proceeds to Fund Loan Growth, Cut Borrowings
19 Dec 23
8-K
Departure of Directors or Certain Officers
14 Dec 23
Transcripts
ALRS
Earnings call transcript
2023 Q4
25 Jan 24
ALRS
Earnings call transcript
2023 Q3
26 Oct 23
ALRS
Earnings call transcript
2023 Q2
29 Jul 23
ALRS
Earnings call transcript
2023 Q2
27 Jul 23
ALRS
Earnings call transcript
2023 Q1
29 Apr 23
ALRS
Earnings call transcript
2023 Q1
27 Apr 23
ALRS
Earnings call transcript
2022 Q4
26 Jan 23
ALRS
Earnings call transcript
2022 Q3
30 Oct 22
ALRS
Earnings call transcript
2022 Q2
31 Jul 22
ALRS
Earnings call transcript
2022 Q1
30 Apr 22
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 64.72 mm | 64.72 mm | 64.72 mm | 64.72 mm | 64.72 mm | 64.72 mm |
Cash burn (monthly) | 249.00 k | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 1.49 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 63.23 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 253.9 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
49.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 68 |
Opened positions | 7 |
Closed positions | 6 |
Increased positions | 32 |
Reduced positions | 14 |
13F shares | Current |
---|---|
Total value | 143.68 bn |
Total shares | 9.75 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Alerus Financial Na | 2.34 mm | $42.09 bn |
BLK Blackrock | 1.37 mm | $24.60 bn |
Alerus Financial Corp Employee Stock Ownership Plan | 1.11 mm | $0.00 |
Vanguard | 851.41 k | $15.31 bn |
Banc Funds | 583.02 k | $10.48 mm |
Geode Capital Management | 352.37 k | $6.34 bn |
STT State Street | 325.77 k | $5.92 bn |
AMP Ameriprise Financial | 320.89 k | $5.77 bn |
Brown Advisory | 260.00 k | $4.67 bn |
Endeavour Capital Advisors | 196.57 k | $3.53 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
27 Feb 24 | Jim Collins | RSU Common Stock | Grant | Acquire A | No | No | 0 | 8,150 | 0.00 | 8,150 |
27 Feb 24 | Alan Villalon | RSU Common Stock | Grant | Acquire A | No | No | 0 | 6,319 | 0.00 | 6,319 |
27 Feb 24 | Katie A Lorenson | Common stock | Option exercise | Acquire M | No | No | 0 | 3,234 | 0.00 | 43,507 |
27 Feb 24 | Katie A Lorenson | RSU Common Stock | Grant | Acquire A | No | No | 0 | 16,484 | 0.00 | 16,484 |
27 Feb 24 | Katie A Lorenson | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 3,234 | 0.00 | 0 |
27 Feb 24 | Missy Keney | Common stock | Option exercise | Acquire M | No | No | 0 | 504 | 0.00 | 6,896 |
27 Feb 24 | Missy Keney | RSU Common Stock | Grant | Acquire A | No | No | 0 | 4,375 | 0.00 | 4,375 |
27 Feb 24 | Missy Keney | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 504 | 0.00 | 0 |
27 Feb 24 | Karin M Taylor | Common Stock | Payment of exercise | Dispose F | No | No | 21.84 | 951 | 20.77 k | 23,860 |
27 Feb 24 | Karin M Taylor | Common Stock | Option exercise | Acquire M | No | No | 0 | 2,648 | 0.00 | 24,811 |
News
DA Davidson Maintains Neutral on Alerus Finl, Raises Price Target to $24
30 Jan 24
Alerus Finl Q4 Adj $0.50 Beats $0.29 Estimate, Sales $20.84M Miss $45.38M Estimate
24 Jan 24
Recap: Alerus Finl Q4 Earnings
24 Jan 24
Earnings Scheduled For January 24, 2024
24 Jan 24
Alerus Finl's Earnings: A Preview
23 Jan 24
Press releases
Alerus Financial Corporation Declares Cash Dividend on Common Shares
28 Feb 24
Alerus Financial Corporation Names Forrest Wilson Chief Retirement Services Officer
22 Feb 24
Alerus Financial Corporation Announces Fourth Quarter 2023 Results, Including Balance Sheet Repositioning
24 Jan 24
Alerus Financial Corporation to Announce Fourth Quarter and Full-Year 2023 Financial Results on Wednesday, January 24
5 Jan 24