Alerus Financial Corporation (ALRS) Revenue History
Annual and quarterly revenue from 2012 to present
ALRS Revenue Over Time (2012–2025)
ALRS Revenue Growth History
9 of 13 years with positive growth- FY2012 revenue growth
- N/A
- FY2013 revenue growth
- -5.9%
- FY2014 revenue growth
- +1.3%
- FY2015 revenue growth
- +11.4%
- FY2016 revenue growth
- +23.1%
- FY2017 revenue growth
- +2.2%
- FY2018 revenue growth
- +6.7%
- FY2019 revenue growth
- +8.7%
- FY2020 revenue growth
- +17.2%
- FY2021 revenue growth
- -1.7%
- FY2022 revenue growth
- -4.8%
- FY2023 revenue growth
- +8.3%
- FY2024 revenue growth
- +39.1%
- FY2025 revenue growth
- -3.1%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $97.8M | — |
| Q4 2025 | $32.3M | — |
| Q3 2025 | $99.0M | — |
| Q2 2025 | $101.2M | — |
| Q1 2025 | $95.3M | — |
| Q4 2024 | $96.7M | — |
| Q3 2024 | $79.9M | — |
| Q2 2024 | $79.9M | — |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
ALRS's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
ALRS Revenue Analysis (2012–2025)
Current Revenue & Growth
As of June 13, 2026, Alerus Financial Corporation (ALRS) generated trailing twelve-month (TTM) revenue of $330.4 million, reflecting modest growth of +2.7% year-over-year. The most recent quarter (Q1 2026) recorded $97.8 million in revenue, up 203.0% sequentially.
Historical Growth Trajectory
ALRS's 5-year compound annual growth rate (CAGR) stands at +6.5%, indicating steady revenue expansion. The 3-year CAGR of +13.4% exceeds the 5-year average, indicating an acceleration in the most recent period. Alerus Financial Corporation's highest annual revenue of $338.3 million was recorded in 2024.
Revenue by Segment
ALRS's revenue is primarily driven by Retirement and Benefit Services (64%), Wealth Management (27%), and Interchange Fees (3%). With over half of revenue concentrated in Retirement and Benefit Services, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Financial Services sector peers — including NBTB, FFIN, and BANF — ALRS has outperformed the peer group in revenue growth. Compare ALRS vs NBTB →
ALRS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
 ALRSCurrent | $330M | +2.7% | +6.5% | 6.9% | |
 NBTB | $867M | - | - | 25.3% | |
 FFIN | $826M | - | - | 37.5% | |
 BANF | $824M | - | - | 36.8% | |
 OTTR | $1.3B | -0.5% | +7.9% | 26.5% | |
 WSFS | $1.4B | - | - | 28.0% |
ALRS Historical Revenue Data (2012–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $327.9M | - | $220.2M | 67.2% | $22.6M | 6.9% |
| 2024 | $338.3M | - | $205.6M | 60.8% | $23.2M | 6.8% |
| 2023 | $243.3M | - | $164.2M | 67.5% | $15.9M | 6.5% |
| 2022 | $224.6M | - | $208.8M | 93.0% | $52.2M | 23.2% |
| 2021 | $235.8M | - | $233.7M | 99.1% | $69.1M | 29.3% |
| 2020 | $239.8M | - | $216.6M | 90.3% | $58.5M | 24.4% |
| 2019 | $204.6M | - | $178.6M | 87.3% | $38.9M | 19.0% |
| 2018 | $188.3M | - | $167.2M | 88.8% | $33.0M | 17.5% |
| 2017 | $176.4M | - | $165.2M | 93.6% | $32.5M | 18.4% |
| 2016 | $172.6M | - | $162.5M | 94.2% | $21.2M | 12.3% |
| 2015 | $140.2M | - | $132.5M | 94.5% | $23.8M | 17.0% |
| 2014 | $125.8M | - | $122.9M | 97.7% | $29.8M | 23.7% |
| 2013 | $124.2M | - | $119.3M | 96.0% | $32.0M | 25.7% |
| 2012 | $132.0M | - | $126.5M | 95.9% | $25.7M | 19.5% |
What if you invested $1,000 in ALRS back in 2012?
Total return with dividends reinvested · 14+ years of data
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Compare NowALRS — Frequently Asked Questions
Quick answers to the most common questions about buying ALRS stock.
Is ALRS's revenue growth accelerating or slowing?
ALRS revenue growth is slowing. TTM revenue is $330M, up +2.7% year-over-year — below the 5-year CAGR of +6.5%. The deceleration suggests maturing end-markets or increased competition.
What is ALRS's revenue history from 2012 to 2026?
Alerus Financial Corporation (ALRS) revenue history spans 2012 to 2026. TTM revenue as of 2026 is $330M, growing at +2.7% YoY. The 5-year CAGR is +6.5%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is ALRS's long-term revenue growth rate (CAGR)?
Alerus Financial Corporation's 5-year revenue CAGR of +6.5% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of +2.7% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for ALRS.
Why does ALRS's quarterly revenue fluctuate?
ALRS quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Alerus Financial Corporation's revenue data from 2012 to 2026 shows full historical quarterly detail on this page.
How is ALRS's revenue distributed by segment?
ALRS reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does ALRS's revenue compare to industry peers?
Alerus Financial Corporation (ALRS) with TTM revenue of $330M and +2.7% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.