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Alerus Financial Corp revenue

Alerus Financial Corp's revenue was $224m in fiscal 2025, up 1.1% on the year before. Since fiscal 2017 ($171m) it has grown at a compound 3.5% a year. Over the last twelve months it was $237m.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue171178189233234211168222224237
Growth on the year before—+4.3%+6.1%+23.6%+0.5%−10.0%−20.3%+32.1%+1.1%—

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
Retirement and Benefit Services $65.9M ▲ 2.4%
Wealth Management $28.3M ▲ 8.0%
Mortgage Banking $11.9M ▲ 17.7%
Interchange Fees $3.4M ▲ 46.9%
Deposit Account $2.8M ▲ 40.1%
Transactional Fees $1.9M ▲ 37.7%
Other Noninterest $1.2M ▼ 87.5%

These categories overlap or exclude eliminations, so shares aren't shown.

From Alerus Financial Corp's 10-K filed March 4, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Regional Banks: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Alerus Financial Corp $237m -11.0% 5.0%
Independent Bank Corp $238m 6.4% 4.0%
Washington Trust Bancorp Inc $234m 100.2% 3.5%
Shore Bancshares Inc $243m 11.3% 17.0%
Capitol Federal Financial, Inc. $229m 19.4% 5.6%
South Plains Financial, Inc. $227m 11.3% -0.7%

Compare with peers

Head to head: ALRS vs IBCPALRS vs WASHALRS vs SHBI

More: Regional Banks stocks compared, Financials sector, rankings of US companies

Figures from Alerus Financial Corp's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Alerus Financial Corp.