Alerus Financial Future Growth

Future criteria checks 5/6

Alerus Financial is forecast to grow earnings and revenue by 73.4% and 22.6% per annum respectively. EPS is expected to grow by 66.8% per annum. Return on equity is forecast to be 12.2% in 3 years.

Key information

73.4%

Earnings growth rate

66.8%

EPS growth rate

Diversified Financial earnings growth	-4.1%
Revenue growth rate	22.6%
Future return on equity	12.2%
Analyst coverage	Low
Last updated	15 Nov 2024

Recent future growth updates

Recent updates

Alerus Financial Corporation GAAP EPS of $0.52 misses by $0.03, revenue of $52.02M misses by $2.88M

Jul 27

Alerus Financial appoints Jon Hendry as chief technology officer

Jul 20

Alerus Financial completes acquisition of Metro Phoenix Bank holding company

Jul 01

Alerus Financial (NASDAQ:ALRS) Is Paying Out A Larger Dividend Than Last Year

May 29

Alerus Financial (NASDAQ:ALRS) Has Announced That It Will Be Increasing Its Dividend To US$0.18

May 15

Earnings and Revenue Growth Forecasts

NasdaqCM:ALRS - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	289	64	N/A	N/A	4
12/31/2025	270	53	N/A	N/A	5
12/31/2024	213	24	N/A	N/A	5
9/30/2024	165	3	15	24	N/A
6/30/2024	164	7	11	17	N/A
3/31/2024	165	10	40	43	N/A
12/31/2023	166	12	26	29	N/A
9/30/2023	198	37	71	73	N/A
6/30/2023	204	38	95	97	N/A
3/31/2023	208	38	63	65	N/A
12/31/2022	211	40	101	103	N/A
9/30/2022	216	41	85	87	N/A
6/30/2022	220	45	81	83	N/A
3/31/2022	226	47	129	130	N/A
12/31/2021	238	52	148	150	N/A
9/30/2021	240	49	113	115	N/A
6/30/2021	245	54	83	85	N/A
3/31/2021	242	54	50	54	N/A
12/31/2020	222	44	-26	-22	N/A
9/30/2020	208	41	-6	-3	N/A
6/30/2020	191	31	6	9	N/A
3/31/2020	183	28	-3	-1	N/A
12/31/2019	181	29	16	19	N/A
9/30/2019	179	27	24	28	N/A
6/30/2019	176	28	34	38	N/A
3/31/2019	170	25	N/A	N/A	N/A
12/31/2018	169	26	50	54	N/A
9/30/2018	168	20	48	51	N/A
6/30/2018	166	18	N/A	40	N/A
3/31/2018	169	17	N/A	N/A	N/A
12/31/2017	167	15	N/A	48	N/A
9/30/2017	171	20	N/A	71	N/A
6/30/2017	168	18	N/A	45	N/A
3/31/2017	167	16	N/A	47	N/A
12/31/2016	164	14	N/A	34	N/A
9/30/2016	155	11	N/A	-4	N/A
6/30/2016	150	13	N/A	-5	N/A
3/31/2016	146	15	N/A	-2	N/A
12/31/2015	142	17	N/A	24	N/A
9/30/2015	143	19	N/A	N/A	N/A
6/30/2015	142	21	N/A	N/A	N/A
3/31/2015	136	20	N/A	N/A	N/A
12/31/2014	130	21	N/A	21	N/A
9/30/2014	125	18	N/A	N/A	N/A
6/30/2014	121	17	N/A	73	N/A
3/31/2014	121	19	N/A	68	N/A
12/31/2013	125	20	N/A	58	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALRS's forecast earnings growth (73.4% per year) is above the savings rate (2.6%).

Earnings vs Market: ALRS's earnings (73.4% per year) are forecast to grow faster than the US market (15.4% per year).

High Growth Earnings: ALRS's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ALRS's revenue (22.6% per year) is forecast to grow faster than the US market (9% per year).

High Growth Revenue: ALRS's revenue (22.6% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ALRS's Return on Equity is forecast to be low in 3 years time (12.2%).

Alerus Financial Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 19%

Consensus EPS estimates increase by 14%

Price target increased by 8.6% to US$23.75

Consensus EPS estimates increase by 20%

Consensus EPS estimates fall by 19%, revenue upgraded

Price target increased by 7.9% to US$22.67

Recent updates

Consensus EPS estimates fall by 19%

New minor risk - Earnings quality

New minor risk - Shareholder dilution

Insufficient new directors

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Alerus Financial Corporation Reports Net Charge Off for the Third Quarter Ended September 30, 2024

Alerus Financial Corporation completed the acquisition of HMN Financial, Inc. (NasdaqGM:HMNF) from a group of shareholders.

Consensus EPS estimates increase by 14%

Alerus Financial Corporation to Report Q3, 2024 Results on Oct 29, 2024

Upcoming dividend of US$0.20 per share

Second quarter dividend of US$0.20 announced

Alerus Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on October 11, 2024

Price target increased by 8.6% to US$23.75

Consensus EPS estimates increase by 20%

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Alerus Financial Corporation Reports Net Charge-Offs for the Second Quarter Ended June 30, 2024

Investor sentiment improves as stock rises 16%

Alerus Financial Corporation to Report Q2, 2024 Results on Jul 24, 2024

Alerus Financial Corporation Hires Equipment Finance Team

Alerus Financial (NASDAQ:ALRS) Is Increasing Its Dividend To $0.20

First quarter dividend increased to US$0.20

Alerus Financial Corporation Declares Cash Dividend on Common Shares, Payable on July 15, 2024

Consensus EPS estimates fall by 19%, revenue upgraded

Alerus Financial Corporation (NasdaqCM:ALRS) entered into an agreement to acquire HMN Financial, Inc. (NasdaqGM:HMNF) for approximately $120 million

First quarter 2024 earnings: Revenues and EPS in line with analyst expectations

Alerus Financial Corporation to Report Q1, 2024 Results on Apr 24, 2024

Now 21% undervalued after recent price drop

Alerus Financial Corporation, Annual General Meeting, May 07, 2024

Now 21% undervalued after recent price drop

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of US$0.19 per share

Fourth quarter dividend of US$0.19 announced

Alerus Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on April 12, 2024

Alerus Financial Corporation Appoints Forrest Wilson as Executive Vice President and Chief Retirement Services Officer, Effective February 26, 2024

Less than half of directors are independent

Alerus Financial Corporation Announces Resignation of Michael Mathews as Member of Board of Directors

Now 21% overvalued after recent price rise

Price target increased by 7.9% to US$22.67

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Alerus Financial Corporation to Report Q4, 2023 Results on Jan 24, 2024

Price target increased by 7.4% to US$19.33

Upcoming dividend of US$0.19 per share at 3.4% yield

Alerus Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on January 12, 2024

Alerus Financial Corporation Appoints Nikki Sorum and John Uribe to its Board of Directors

Price target decreased by 7.1% to US$18.00

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Alerus Financial Corporation to Report Q3, 2023 Results on Oct 25, 2023

Upcoming dividend of US$0.19 per share at 3.9% yield

Alerus Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on October 13, 2023

Alerus Financial Corporation Announces Executive Changes

Second quarter 2023 earnings: EPS exceeds analyst expectations

Alerus Financial Corporation to Report Q2, 2023 Results on Jul 26, 2023

Price target increased by 12% to US$18.75

Upcoming dividend of US$0.19 per share at 4.1% yield

Investor sentiment improves as stock rises 17%

Alerus Financial (NASDAQ:ALRS) Is Increasing Its Dividend To $0.19

Alerus Financial Corporation Declares Cash Dividend on Common Shares, Payable on July 14, 2023

Price target decreased by 10% to US$17.67

Price target decreased by 9.5% to US$19.00

Full year 2022 earnings: EPS and revenues miss analyst expectations

Price target decreased by 7.8% to US$19.67

Now 20% undervalued after recent price drop

Upcoming dividend of US$0.18 per share at 3.7% yield

Consensus EPS estimates fall by 18%

Full year 2022 earnings: EPS and revenues miss analyst expectations

Alerus Financial Corporation to Report Q4, 2022 Results on Jan 25, 2023

Upcoming dividend of US$0.18 per share

Less than half of directors are independent

Alerus Financial Corporation Declares Regular Quarterly Cash Dividend for Common Share, Payable on January 13, 2023