All three tenses have at least two readings, so the archetype blend applies as printed.
All nine metrics read as filed from the record.
What did they actually do?
Has it survived what it has been through?
1 warning event since 2017; the latest 2022-12-06.
From the record
Alerus Financial Corporation's filings since 2017 show 1 warning event: an auditor change (8-K item 4.01, the latest 2022-12-06) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+17.8% a year over 9 filed years; profitable in 9 of 9.
From the record
Alerus Financial Corporation's 9 filed years say what it did: revenue went from $76 million in fiscal 2017 to $280 million in fiscal 2025, up 17.8% a year; it rose in 7 of 8 years; the deepest fall was 4% from fiscal 2020 to fiscal 2021; net income was positive in 9 of 9 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count grew 10.8% a year. 51% of cash flow returned. Insiders: 1 sales, 2 purchases.
From the record
Over the 3 fiscal years to 2025-12-31, Alerus Financial Corporation's diluted share count grew about 10.8% a year, and dividends and buybacks returned about 51% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 1 sale and 2 purchases of their own stock on the open market in the year to 2026-10-22, buying about $61 thousand (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
ROE 3%: 3¢ of profit per shareholder dollar. Leverage 89%: owes 89¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Alerus Financial Corporation earned about 3 cents of profit for every dollar of shareholders' money. Leverage: it owed about 89 cents per dollar of assets, and net share issuance: its share count grew 20.5% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
bottom 44% of 79 in its family; net margin 6.2%.
From the record
Alerus Financial Corporation's standing among 79 graded names in its industry family: revenue of $280 million in fiscal 2025 ranks in the bottom 31% by size; a net margin of 6.2% ranks in the bottom 6%; revenue growth of 34.2% a year over the last 3 filed years ranks in the top 6% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
bottom 23% of 74 in its family for leadership; chief executive since 2022.
From the record
Alerus Financial Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Lorenson, Katie A (Chief Executive Officer, as filed), filing under that title since 2022-02-07, 4.8 years (bottom 30% of its family); the 15 officers and directors filing in the last fifteen months have been on the record a median of 4.8 years (bottom 18%); 7 officer or director changes were reported on Form 8-K since 2023-11-13, against the 15 people in charge now (bottom 22%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
bottom 34% of 71 in its family for room to expand.
From the record
Alerus Financial Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $67 million against debt of $59 million leaves 0.2% of its assets as net cash, bottom 26% of its family; cash from operations less capital spending is 21% of revenue (bottom 43%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
top 5% of 79 in its family for growth drivers.
From the record
Alerus Financial Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 34.2% a year over the last three filed years against 17.8% over all 9, speeding up (top 4% of its family); the newest year grew 26.2% (top 6%); capital spending grew 69.4% a year (top 4%) (its annual reports). Alerus Financial Corporation tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
bottom 30% of 76 in its family for expectations against reality.
From the record
Alerus Financial Corporation's newest year against its own record: revenue of $280 million in fiscal 2025 came in 8.8% below the $307 million its prior three years' pace pointed to (top 22% of its family); net income of $17 million against a prior three-year average of $23 million (bottom 6%); a net margin of 6.2% against 16.6% before (bottom 7%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made