# Alerus Financial Corp (ALRS)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/alerus-financial-corp/ JSON: https://steadybase.io/company/alerus-financial-corp.json Checked Nov 10, 2026. Latest filing read: Nov 5, 2026.

## Company

- Legal name: ALERUS FINANCIAL CORP
- Ticker: ALRS (Nasdaq)
- SEC CIK: 0000903419
- Industry: National Commercial Banks (SIC 6021)
- Headquarters: Grand Forks, ND
- Fiscal year ends: December 31
- SEC filer category: Accelerated filer
- Website: alerus.com
- LinkedIn: https://www.linkedin.com/company/alerus-financial
- Next earnings date: Jan 27, 2027 (estimated from past 8-K timing)

## Key facts

- Revenue: $279.6M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 4, 2026). Source: https://www.sec.gov/Archives/edgar/data/903419/000143774926006820/0001437749-26-006820-index.html
- Net income: $17.4M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 4, 2026). Source: https://www.sec.gov/Archives/edgar/data/903419/000143774926006820/0001437749-26-006820-index.html
- Employees: 864 as of Dec 31, 2025, as reported in an SEC filing. Source: https://www.sec.gov/Archives/edgar/data/903419/000143774926006820/alrs20251231_10k.htm
- Shares outstanding: 24,745,652 as of Oct 31, 2026 (10-Q filed Nov 5, 2026). Source: https://www.sec.gov/Archives/edgar/data/903419/000143774926035302/0001437749-26-035302-index.html
- Auditor: Rsm Us LLP, Des Moines, Iowa, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/903419/000143774926006820/alrs20251231_10k.htm

## Business

Alerus Financial Corporation (the “Company”) is a diversified financial services company headquartered in Grand Forks, North Dakota. Through the Company’s subsidiary, Alerus Financial, National Association (the “Bank”), the Company provides innovative and comprehensive financial solutions to businesses and consumers through three distinct business segments—banking, retirement and benefit services, and wealth. In prior periods, the Company had a fourth operating segment, mortgage.

Source: Item 1. Business, https://www.sec.gov/Archives/edgar/data/903419/000143774926006820/alrs20251231_10k.htm

## Annual results

| Fiscal year ended | Revenue | Net income |
|---|---|---|
| Dec 31, 2025 | $279.6M | $17.4M |
| Dec 31, 2024 | $221.6M | $17.8M |
| Dec 31, 2023 | $164.9M | $11.7M |
| Dec 31, 2022 | $115.6M | $40.0M |
| Dec 31, 2021 | $92.7M | $52.7M |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/alerus-financial-corp.json

## Officers and directors

- Katie A. Lorenson, Director, President and Chief Executive Officer. LinkedIn: https://linkedin.com/in/katie-o’neill-lorenson-2828ba32. Source: 10-K filed Mar 4, 2026, https://www.sec.gov/Archives/edgar/data/903419/000143774926006820/alrs20251231_10k.htm
- Alan A. Villalon, Executive Vice President and Chief Financial Officer. Source: 10-K filed Mar 4, 2026, https://www.sec.gov/Archives/edgar/data/903419/000143774926006820/alrs20251231_10k.htm
- Alan Villalon, EVP & Chief Financial Officer. LinkedIn: https://linkedin.com/in/alan-villalon-b3abb63. Source: Form 4 filed Mar 2, 2026, https://www.sec.gov/Archives/edgar/data/903419/000143774926006378/0001437749-26-006378-index.htm
- Karin M. Taylor, EVP and COO. LinkedIn: https://linkedin.com/in/karin-taylor-14b4aab. Source: Form 4 filed Mar 2, 2026, https://www.sec.gov/Archives/edgar/data/903419/000143774926006379/0001437749-26-006379-index.htm
- Kari Koob, SVP, Controller. Source: Form 4 filed Sep 15, 2026, https://www.sec.gov/Archives/edgar/data/903419/000143774926030437/0001437749-26-030437-index.htm
- Kari A. Koob, SVP, Controller. Source: 10-K filed Mar 4, 2026, https://www.sec.gov/Archives/edgar/data/903419/000143774926006820/alrs20251231_10k.htm
- Forrest Wilson, EVP & Chief Ret. Svcs. Officer. LinkedIn: https://linkedin.com/in/forrestwilson. Source: Form 4 filed Mar 2, 2026, https://www.sec.gov/Archives/edgar/data/903419/000143774926006381/0001437749-26-006381-index.htm
- Jim Collins, EVP, CBO & CRO. Source: Form 4 filed Mar 2, 2026, https://www.sec.gov/Archives/edgar/data/903419/000143774926006376/0001437749-26-006376-index.htm
- Missy Keney, Chief Engagement Officer. LinkedIn: https://linkedin.com/in/missykeney. Source: Form 4 filed Mar 2, 2026, https://www.sec.gov/Archives/edgar/data/903419/000143774926006377/0001437749-26-006377-index.htm
- Daniel E. Coughlin, Director. Source: 10-K filed Mar 4, 2026, https://www.sec.gov/Archives/edgar/data/903419/000143774926006820/alrs20251231_10k.htm
- Galen G. Vetter, Director. Source: 10-K filed Mar 4, 2026, https://www.sec.gov/Archives/edgar/data/903419/000143774926006820/alrs20251231_10k.htm
- Janet O. Estep, Director. Source: 10-K filed Mar 4, 2026, https://www.sec.gov/Archives/edgar/data/903419/000143774926006820/alrs20251231_10k.htm
- Jeffrey Bolton, Director. Source: 10-K filed Mar 4, 2026, https://www.sec.gov/Archives/edgar/data/903419/000143774926006820/alrs20251231_10k.htm
- John Uribe, Director. Source: 10-K filed Mar 4, 2026, https://www.sec.gov/Archives/edgar/data/903419/000143774926006820/alrs20251231_10k.htm
- Mary E. Zimmer, Director. Source: 10-K filed Mar 4, 2026, https://www.sec.gov/Archives/edgar/data/903419/000143774926006820/alrs20251231_10k.htm
- Nikki L. Sorum, Director. Source: 10-K filed Mar 4, 2026, https://www.sec.gov/Archives/edgar/data/903419/000143774926006820/alrs20251231_10k.htm
- Randy L. Newman, Director. Source: 10-K filed Mar 4, 2026, https://www.sec.gov/Archives/edgar/data/903419/000143774926006820/alrs20251231_10k.htm

## Recent 8-K events

- Oct 28, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/903419/000143774926033799/alrs20260807_8k.htm
- Aug 27, 2026: Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/903419/000143774926029099/alrs20260825_8k.htm
- Jul 29, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/903419/000143774926024891/alrs20260502_8k.htm
- May 22, 2026: Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/903419/000143774926018262/alrs20260518_8k.htm
- May 19, 2026: Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/903419/000143774926017761/alrs20260518c_8k.htm
- May 15, 2026: Item 5.07, Submission of matters to a vote of security holders; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/903419/000143774926017369/alrs20260515_8k.htm
- Apr 29, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/903419/000143774926013893/alrs20260305_8k.htm
- Mar 31, 2026: Item 1.01, Entry into a material definitive agreement; Item 2.03, Creation of a direct financial obligation; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/903419/000143774926010637/alrs20260331_8k.htm
- Feb 26, 2026: Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/903419/000143774926005878/alrs20260130_8k.htm
- Jan 28, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/903419/000143774926002314/alrs20251112c_8k.htm

## Insider trades (Form 4)

- Sep 14, 2026: Kari Koob (SVP, Controller) sold 597 shares, about $19,779. Source: https://www.sec.gov/Archives/edgar/data/903419/000143774926030437/0001437749-26-030437-index.htm
- Sep 1, 2026: Jeffrey Bolton (Director) bought 1,000 shares, about $32,450. Source: https://www.sec.gov/Archives/edgar/data/903419/000143774926029458/0001437749-26-029458-index.htm
- May 27, 2026: Jeffrey Bolton (Director) bought 1,000 shares, about $28,720. Source: https://www.sec.gov/Archives/edgar/data/903419/000143774926018873/0001437749-26-018873-index.htm
- Jul 31, 2025: Alan Villalon (EVP & Chief Financial Officer) bought 2,350 shares, about $49,844. Source: https://www.sec.gov/Archives/edgar/data/903419/000143774925024524/0001437749-25-024524-index.htm

## Latest filings

- 8-K filed Oct 28, 2026: https://www.sec.gov/Archives/edgar/data/903419/000143774926033799/alrs20260807_8k.htm
- 10-K filed Mar 4, 2026: https://www.sec.gov/Archives/edgar/data/903419/000143774926006820/alrs20251231_10k.htm
- 10-Q filed Aug 3, 2026: https://www.sec.gov/Archives/edgar/data/903419/000143774926025463/alrs20260630_10q.htm
- DEF 14A filed Apr 1, 2026: https://www.sec.gov/Archives/edgar/data/903419/000143774926010883/alrs20251215_def14a.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
Steadybase covers US-headquartered public companies that file with the SEC. API and MCP access: https://steadybase.io/docs/