Shares Outstanding for Alerus Financial (ALRS)
According to Alerus Financial's latest reported financial statements, the company's latest reported diluted shares outstanding is 25.40M. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

ALRS
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Latest period
25.40M
YoY change
+20.5%
5Y CAGR
+8.1%
Peak year (2025)
25.70M
Latest annual
25.70M
Shares Outstanding history chart for Alerus Financial (ALRS) from 2008 to 2025
Shares Outstanding history table for Alerus Financial (ALRS) from 2008 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 25.70M | +20.5% | ||
| 2024 | 21.32M | +5.8% | ||
| 2023 | 20.14M | +6.7% | ||
| 2022 | 18.88M | +8.0% | ||
| 2021 | 17.49M | +0.3% | ||
| 2020 | 17.44M | +15.5% | ||
| 2019 | 15.09M | +7.3% | ||
| 2018 | 14.06M | +0.4% | ||
| 2017 | 14.01M | +0.1% | ||
| 2016 | 14.00M | +0.4% | ||
| 2015 | 13.95M | +0.2% | ||
| 2014 | 13.92M | +1.2% | ||
| 2013 | 13.76M | +1.3% | ||
| 2012 | 13.59M | +2.0% | ||
| 2011 | 13.32M | +0.8% | ||
| 2010 | 13.22M | +0.6% | ||
| 2009 | 13.13M | -0.2% | ||
| 2008 | 13.16M | — |
Shares Outstanding values are taken from Alerus Financial's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Alerus Financial (ALRS) reported diluted shares outstanding of 25.70M – grew 20.5% year-over-year.
Alerus Financial diluted shares outstanding has grown for 16 consecutive years, with a +8.1% compound annual growth rate over 2020–2025 (5 years).
The highest annual diluted shares outstanding of 25.70M was reported in 2025. The lowest in the available history was 13.13M in 2009.
Alerus Financial (ALRS) sits 9th of 8 Financial Services peers we track on this metric, against a peer median of 2.06B.
Alerus Financial Shares Outstanding by Year
Alerus Financial Shares Outstanding 2025: 25.70M
Alerus Financial diluted shares outstanding in 2025 was 25.70M, grew 20.5% from 2024. This figure represents the highest annual value in the available history.
Alerus Financial Shares Outstanding 2024: 21.32M
Alerus Financial diluted shares outstanding in 2024 was 21.32M, grew 5.8% from 2023.
Alerus Financial Shares Outstanding 2023: 20.14M
Alerus Financial diluted shares outstanding in 2023 was 20.14M, grew 6.7% from 2022.
Alerus Financial Shares Outstanding 2022: 18.88M
Alerus Financial diluted shares outstanding in 2022 was 18.88M, grew 8.0% from 2021.
Alerus Financial Shares Outstanding 2021: 17.49M
Alerus Financial diluted shares outstanding in 2021 was 17.49M.
See more financial history for Alerus Financial (ALRS).
Sector peers — Shares Outstanding
Companies in the same sector as Alerus Financial, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| Bank of America Corporation (BAC) | 7.55B | Financial Services |
| Wells Fargo & Company (WFC) | 3.22B | Financial Services |
| JPMorgan Chase & Co. (JPM) | 2.79B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | 2.16B | Financial Services |
| Visa Inc. (V) | 1.97B | Financial Services |
| Morgan Stanley (MS) | 1.59B | Financial Services |
| Mastercard Incorporated (MA) | 898.00M | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | 317.60M | Financial Services |
Frequently asked questions
What is Alerus Financial's diluted shares outstanding?
Latest reported diluted shares outstanding for Alerus Financial (ALRS) is 25.40M (period ending December 31, 2025).
How has Alerus Financial diluted shares outstanding changed year-over-year?
Alerus Financial (ALRS) diluted shares outstanding changed +20.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Alerus Financial diluted shares outstanding?
Alerus Financial (ALRS) diluted shares outstanding compound annual growth rate is +8.1% over the most recent 5 years available.
When did Alerus Financial diluted shares outstanding hit its highest annual value?
Alerus Financial diluted shares outstanding reached its highest annual value of 25.70M in 2025.
What was Alerus Financial diluted shares outstanding in 2024?
Alerus Financial (ALRS) diluted shares outstanding in 2024 was 21.32M.
What was Alerus Financial diluted shares outstanding in 2025?
Alerus Financial (ALRS) diluted shares outstanding in 2025 was 25.70M.
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