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Alerus Financial (ALRS) Revenue & Revenue Breakdown

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Alerus Financial Revenue Highlights

Latest Revenue (Y)

$331.51M

Latest Revenue (Q)

$22.12M

Main Segment (Y)

Retirement and Benefit Services

Alerus Financial Revenue by Period

Alerus Financial Revenue by Year

DateRevenueChange
2025-12-31$331.51M0.33%
2024-12-31$330.41M35.88%
2023-12-31$243.16M8.27%
2022-12-31$224.58M-4.75%
2021-12-31$235.79M-1.66%
2020-12-31$239.77M17.16%
2019-12-31$204.64M8.68%
2018-12-31$188.30M6.72%
2017-12-31$176.45M2.23%
2016-12-31$172.59M23.11%
2015-12-31$140.19M11.42%
2014-12-31$125.82M1.28%
2013-12-31$124.23M-5.86%
2012-12-31$131.97M26.69%
2011-12-31$104.17M5.13%
2010-12-31$99.08M31.33%
2009-12-31$75.44M-4.54%
2008-12-31$79.03M-

Alerus Financial generated $331.51M in revenue during NA 2025, up 0.33% compared to the previous quarter, and up 138.26% compared to the same period a year ago.

Alerus Financial Revenue by Quarter

DateRevenueChange
2025-09-30$22.12M-78.15%
2025-06-30$101.25M6.27%
2025-03-31$95.28M-1.44%
2024-12-31$96.67M21.00%
2024-09-30$79.89M-0.04%
2024-06-30$79.93M8.13%
2024-03-31$73.92M64.33%
2023-12-31$44.98M-35.51%
2023-09-30$69.76M5.85%
2023-06-30$65.90M5.34%
2023-03-31$62.56M3.03%
2022-12-31$60.72M3.14%
2022-09-30$58.88M10.73%
2022-06-30$53.17M2.55%
2022-03-31$51.85M-9.73%
2021-12-31$57.44M0.14%
2021-09-30$57.36M-1.34%
2021-06-30$58.13M-7.53%
2021-03-31$62.87M0.88%
2020-12-31$62.32M-8.50%
2020-09-30$68.11M12.78%
2020-06-30$60.40M22.87%
2020-03-31$49.15M-4.66%
2019-12-31$51.56M-1.71%
2019-09-30$52.45M-0.45%
2019-06-30$52.69M9.92%
2019-03-31$47.94M-1.80%
2018-12-31$48.82M1.66%
2018-09-30$48.02M0.23%
2018-06-30$47.91M8.30%
2018-03-31$44.24M2.05%
2017-12-31$43.35M6.26%
2017-09-30$40.80M-1.40%
2017-06-30$41.38M12.29%
2017-03-31$36.85M-9.98%
2016-12-31$40.93M6.78%
2016-09-30$38.33M-3.27%
2016-06-30$39.63M9.29%
2016-03-31$36.26M8.82%
2015-12-31$33.32M-4.22%
2015-09-30$34.79M-4.04%
2015-06-30$36.26M12.03%
2015-03-31$32.36M-5.77%
2014-12-31$34.34M1.26%
2014-09-30$33.92M10.53%
2013-12-31$30.68M-

Alerus Financial generated $22.12M in revenue during Q3 2025, up -78.15% compared to the previous quarter, and up 27.68% compared to the same period a year ago.

Alerus Financial Revenue Breakdown

Alerus Financial Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 25Dec 24Dec 23Dec 22Dec 21
Wealth Management$28.27M$26.17M$21.86M$20.87M$21.05M
Interchange Fees$3.37M$2.29M$2.22M$2.25M$2.18M
Retirement and Benefit Services$65.89M$64.36M$65.29M$67.14M$71.71M
Deposit Account$2.77M$1.98M$1.28M$1.43M$1.40M
Transactional Fees$1.88M$1.37M$1.43M$1.43M$1.22M
Other Noninterest$1.20M$1.75M$3.50M$353.00K$413.00K

Alerus Financial's latest annual revenue breakdown by segment (product or service), as of Dec 25: Retirement and Benefit Services (63.74%), Wealth Management (27.34%), Interchange Fees (3.26%), Deposit Account (2.68%), Transactional Fees (1.82%), and Other Noninterest (1.16%).

Quarterly Revenue by Product

Product/ServiceDec 25Sep 25Mar 25Dec 24Sep 24Mar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
Retirement and Benefit Services$33.28M$16.50M$16.11M$48.22M$16.14M$33.92M$15.89M$15.48M$16.60M$16.60M$16.29M$17.65M$18.55M----
Deposit Account$1.41M$703.00K$651.00K$1.49M$488.00K$668.00K$311.00K$301.00K$282.00K$377.00K$412.00K$363.00K$370.00K$357.00K$330.00K$338.00K-
Wealth Management$14.80M$6.56M$6.91M$19.49M$6.68M$11.21M$5.45M$5.19M$5.14M$4.85M$5.55M$5.33M$5.63M$5.29M$5.14M$4.99M-
Mortgage Banking-$3.47M$1.53M$2.57M-------------
Retirement and benefit services-----$15.65M-----------
Wealth management-----$6.12M-----------
Service charges on deposit accounts-----$389.00K-----------
Retirement And Benefit Services--------------$18.03M$17.87M$17.25M

Alerus Financial's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Retirement and Benefit Services (67.24%), Wealth Management (29.90%), and Deposit Account (2.86%).

Alerus Financial Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
MSBIMidland States Bancorp$467.59M$118.51M
TCBXThird Coast Bancshares$366.95M$92.50M
SHBIShore Bancshares$342.72M$84.89M
ALRSAlerus Financial$331.51M$22.12M
BWBBridgewater Bancshares$291.63M$1.19K
FMNBFarmers National Banc$271.83M$59.37M
HONEHarborOne Bancorp$271.41M$56.98M
SMBKSmartFinancial$251.12M$74.52M
AROWArrow Financial$242.58M$53.60M
NPBNorthpointe Bancshares$185.77M$56.52M

ALRS Revenue FAQ

What is Alerus Financial’s yearly revenue?

Alerus Financial's yearly revenue for 2025 was $331.51M, representing an increase of 0.33% compared to 2024. The company's yearly revenue for 2024 was $330.41M, representing an increase of 35.88% compared to 2023. ALRS's yearly revenue for 2023 was $243.16M, representing an increase of 8.27% compared to 2022.

What is Alerus Financial’s quarterly revenue?

Alerus Financial's quarterly revenue for Q3 2025 was $22.12M, a -78.15% decrease from the previous quarter (Q2 2025), and a -72.31% decrease year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $101.25M, a 6.27% increase from the previous quarter (Q1 2025), and a 26.68% increase year-over-year (Q2 2024). ALRS's quarterly revenue for Q1 2025 was $95.28M, a -1.44% decrease from the previous quarter (Q4 2024), and a 28.89% increase year-over-year (Q1 2024).

What is Alerus Financial’s revenue growth rate?

Alerus Financial's revenue growth rate for the last 3 years (2023-2025) was 36.33%, and for the last 5 years (2021-2025) was 40.59%.

What are Alerus Financial’s revenue streams?

Alerus Financial's revenue streams in c 25 are Wealth Management, Interchange Fees, Retirement and Benefit Services, Deposit Account, Transactional Fees, and Other Noninterest. Wealth Management generated $28.26M in revenue, accounting 27.34% of the company's total revenue, up 8.00% year-over-year. Interchange Fees generated $3.36M in revenue, accounting 3.26% of the company's total revenue, up 46.88% year-over-year. Retirement and Benefit Services generated $65.88M in revenue, accounting 63.74% of the company's total revenue, up 2.36% year-over-year. Deposit Account generated $2.77M in revenue, accounting 2.68% of the company's total revenue, up 40.08% year-over-year. Transactional Fees generated $1.88M in revenue, accounting 1.82% of the company's total revenue, up 37.70% year-over-year. Other Noninterest generated $1.2M in revenue, accounting 1.16% of the company's total revenue, down -31.37% year-over-year.

What is Alerus Financial’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Alerus Financial was Retirement and Benefit Services. This segment made a revenue of $65.88M, representing 63.74% of the company's total revenue.