Demonstrações financeiras detalhadas de Alerus Financial Corporation (ALRS): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Alerus Financial Corporation registou receitas de $327.9M no último exercício, com um CAGR de 5 anos de 6.5%. O lucro líquido atingiu $17.4M, com CAGR de 5 anos de -17.2%.
Margens dos últimos 12 meses: margem bruta 72.0%, margem operacional 10.4%, margem líquida 8.3%.
Ao preço atual de $33.04, ALRS negocia a um P/L de 29.27 e um ROE de 4.88%. A capitalização de mercado é de $830M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $172.6M | $176.4M | $188.3M | $204.6M | $239.8M | $235.8M | $224.6M | $243.3M | $338.3M | $327.9M |
| Custo da Receita | $10.1M | $11.2M | $21.1M | $26.1M | $23.2M | $2.1M | $15.8M | $79.1M | $132.7M | $107.7M |
| Lucro Bruto | $162.5M | $165.2M | $167.2M | $178.6M | $216.6M | $233.7M | $208.8M | $164.2M | $205.6M | $220.2M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $89.5M | $70.8M | $72.9M | $77.2M | $92.3M | $96.6M | $83.9M | $79.3M | $90.6M | $101.3M |
| Despesas Operacionais | $141.4M | $132.7M | $134.2M | $139.7M | $158.1M | $164.7M | $156.6M | $148.3M | $182.5M | $197.6M |
| Lucro Operacional | $21.2M | $32.5M | $33.0M | $38.9M | $58.5M | $69.1M | $52.2M | $15.9M | $23.2M | $22.6M |
| EBITDA | $32.6M | $42.4M | $41.8M | $47.7M | $67.4M | $77.9M | $60.4M | $24.4M | $38.0M | $39.9M |
| Despesas com Juros | $7.0M | $8.0M | $12.5M | $18.7M | $12.3M | $5.6M | $15.8M | $77.0M | $114.5M | $107.1M |
| Lucro Antes de Impostos | $21.2M | $32.5M | $33.0M | $38.9M | $58.5M | $69.1M | $52.2M | $15.9M | $23.2M | $22.6M |
| Imposto | $7.1M | $17.5M | $7.2M | $9.4M | $13.8M | $16.4M | $12.2M | $4.2M | $5.4M | $5.2M |
| Lucro Líquido | $14.0M | $15.0M | $25.9M | $29.5M | $44.7M | $52.7M | $40.0M | $11.7M | $17.8M | $17.4M |
| LPA | $1.04 | $1.10 | $1.88 | $1.96 | $2.57 | $3.02 | $2.12 | $0.59 | $0.84 | $0.69 |
| LPA Diluído | $1.00 | $1.07 | $1.84 | $1.91 | $2.52 | $2.97 | $2.10 | $0.58 | $0.83 | $0.68 |
| Ações em Circulação (Diluídas) | $14.0M | $14.0M | $14.1M | $15.1M | $17.4M | $17.5M | $18.9M | $20.1M | $21.3M | $25.7M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $99.0M | $32.3M | $97.8M | $103.6M |
| Lucro Bruto | $71.5M | $7.4M | $80.6M | $80.2M |
| Lucro Operacional | $22.0M | -$43.4M | $30.2M | $25.6M |
| EBITDA | $27.2M | -$38.8M | $36.0M | $25.6M |
| Lucro Líquido | $16.9M | -$33.1M | $23.0M | $20.9M |
| LPA | $0.66 | $-1.28 | $0.90 | $0.82 |
| LPA Diluído | $0.65 | $-1.28 | $0.90 | $0.81 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $207.4M | $122.0M | $40.7M | $144.0M | $173.0M | $242.3M | $58.2M | $129.9M | $61.2M | $67.2M |
| Investimentos de Curto Prazo | $277.0M | $267.0M | $250.2M | $310.4M | $592.3M | $853.6M | $717.3M | $486.7M | $591.4M | $1.8M |
| Contas a Receber | $24.5M | $26.6M | $21.7M | $20.8M | $23.8M | $32.3M | $48.1M | $57.3M | $56.3M | $21.7M |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $511.7M | $422.1M | $317.7M | $480.3M | $793.9M | $1.13B | $830.4M | $679.7M | $716.7M | $88.9M |
| Imobilizado | $24.3M | $21.2M | $21.7M | $29.0M | $27.2M | $22.1M | $22.7M | $23.4M | $53.2M | $72.0M |
| Ágio | $27.3M | $27.3M | $27.3M | $27.3M | $30.2M | $31.5M | $47.1M | $46.8M | $85.6M | $85.6M |
| Ativos Intangíveis | $37.5M | $31.8M | $27.1M | $22.2M | $27.9M | $22.1M | $25.1M | $19.2M | $51.8M | $33.4M |
| Ativos Totais | $2.05B | $2.14B | $2.18B | $2.36B | $3.01B | $3.39B | $3.78B | $3.91B | $5.26B | $5.23B |
| Contas a Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dívida de Curto Prazo | $729000 | $30.0M | $93.5M | 0 | 0 | 0 | $378.1M | $314.2M | $239.0M | $308.8M |
| Passivos Circulantes | $1.82B | $1.90B | $1.90B | $2.00B | $2.62B | $2.97B | $3.36B | $3.41B | $4.62B | $308.8M |
| Dívida de Longo Prazo | $57.6M | $57.8M | $58.0M | $58.1M | $58.3M | $58.7M | $58.8M | $59.0M | $59.1M | $95.5M |
| Passivos Totais | $1.88B | $1.96B | $1.98B | $2.07B | $2.68B | $3.03B | $3.42B | $3.54B | $4.77B | $4.67B |
| Reservas | $133.3M | $142.0M | $159.0M | $178.1M | $212.2M | $253.6M | $280.4M | $272.7M | $273.7M | $270.1M |
| Patrimônio Líquido | $168.8M | $180.6M | $197.0M | $285.7M | $330.2M | $359.4M | $356.9M | $369.1M | $495.4M | $564.9M |
| Dívida Total | $59.5M | $88.8M | $152.3M | $67.6M | $66.6M | $63.2M | $442.8M | $378.9M | $317.0M | $440.5M |
| Dívida Líquida | -$424.8M | -$300.2M | -$138.5M | -$386.7M | -$698.7M | -$1.03B | -$332.7M | -$237.8M | -$335.6M | $371.6M |
| Capital de Giro | -$1.31B | -$1.48B | -$1.58B | -$1.52B | -$1.82B | -$1.84B | -$2.53B | -$2.73B | -$3.90B | -$219.9M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $92.0M | $67.2M | $128.8M | $109.0M |
| Ativos Totais | $5.33B | $5.23B | $5.29B | $5.29B |
| Passivos Totais | $4.78B | $4.67B | $4.71B | $4.71B |
| Patrimônio Líquido | $550.7M | $564.9M | $574.7M | $583.1M |
| Dívida Total | $296.1M | $440.5M | $301.8M | $447.0M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $14.0M | $15.0M | $25.9M | $29.5M | $44.7M | $52.7M | $40.0M | $11.7M | $17.8M | $17.4M |
| Depreciação e Amortização | $11.4M | $9.9M | $8.7M | $8.8M | $8.9M | $8.8M | $8.2M | $8.5M | $14.9M | $16.1M |
| Compensação em Ações | $1.5M | $938000 | $1.8M | $1.8M | $1.9M | $3.1M | $1.9M | -$1.1M | $1.6M | $2.7M |
| Variação Capital de Giro | $6.5M | $7.9M | $17.0M | -$5.0M | -$28.9M | -$319000 | $11.0M | -$16.2M | -$11.5M | -$14.2M |
| Fluxo de Caixa Operacional | $34.0M | $47.9M | $53.6M | $19.2M | -$22.3M | $149.8M | $103.0M | $29.0M | $29.0M | $67.5M |
| CapEx | -$1.7M | -$2.9M | -$3.8M | -$2.9M | -$3.8M | -$1.7M | -$1.8M | -$3.2M | -$12.4M | -$8.7M |
| Aquisições | -$45.4M | 0 | 0 | $10.4M | -$9.3M | 0 | $101.5M | 0 | $8.6M | 0 |
| Recompra de Ações | -$357000 | -$294000 | -$356000 | -$1.9M | -$482000 | -$712000 | -$738000 | -$6.6M | -$276000 | -$737000 |
| Dividendos Pagos | -$6.2M | -$6.7M | -$7.5M | -$8.9M | -$10.4M | -$10.8M | -$12.8M | -$14.8M | -$15.4M | -$20.8M |
| Fluxo de Caixa Livre | $32.3M | $44.9M | $49.8M | $16.3M | -$26.1M | $148.1M | $101.2M | $25.7M | $16.6M | $58.8M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $32.8M | $16.3M | $27.8M | $18.6M |
| CapEx | $5.2M | -$1.0M | -$2.0M | $2.0M |
| Fluxo de Caixa Livre | $38.0M | $15.3M | $25.8M | $20.6M |
| Dividendos Pagos | -$5.3M | -$5.1M | -$5.1M | -$5.6M |
| Compensação em Ações | $780000 | $672000 | $751000 | $928000 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +2.2% | +6.7% | +8.7% | +17.2% | -1.7% | -4.8% | +8.3% | +39.1% | -3.1% |
| Crescimento Lucro Líquido (anual) | | +6.9% | +72.4% | +14.2% | +51.2% | +17.9% | -24.1% | -70.8% | +52.0% | -1.9% |
| Crescimento LPA (anual) | | +5.8% | +70.9% | +4.3% | +31.1% | +17.5% | -29.8% | -72.2% | +42.4% | -17.9% |
| Variação de Ações (anual) | | +0.1% | +0.4% | +7.3% | +15.5% | +0.3% | +8.0% | +6.7% | +5.8% | +20.5% |
| Crescimento FCF (anual) | | +39.1% | +10.8% | -67.2% | -259.4% | +668.3% | -31.7% | -74.6% | -35.5% | +254.6% |
| Margem Bruta | 94.2% | 93.6% | 88.8% | 87.3% | 90.3% | 99.1% | 93.0% | 67.5% | 60.8% | 67.2% |
| Margem Operacional | 12.3% | 18.4% | 17.5% | 19.0% | 24.4% | 29.3% | 23.2% | 6.5% | 6.8% | 6.9% |
| Margem EBITDA | 18.9% | 24.0% | 22.2% | 23.3% | 28.1% | 33.0% | 26.9% | 10.0% | 11.2% | 12.2% |
| Margem Líquida | 8.1% | 8.5% | 13.7% | 14.4% | 18.6% | 22.3% | 17.8% | 4.8% | 5.3% | 5.3% |
| Margem FCF | 18.7% | 25.5% | 26.4% | 8.0% | -10.9% | 62.8% | 45.1% | 10.6% | 4.9% | 17.9% |
| Taxa Efetiva de Imposto | 33.7% | 53.8% | 21.7% | 24.1% | 23.7% | 23.7% | 23.3% | 26.2% | 23.2% | 22.8% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $2.31 | $3.21 | $3.54 | $1.08 | $-1.49 | $8.47 | $5.36 | $1.28 | $0.78 | $2.29 |
| Dividendo por Ação | $0.44 | $0.48 | $0.53 | $0.59 | $0.60 | $0.61 | $0.68 | $0.74 | $0.72 | $0.81 |
| Ações em Circulação (Básicas) | $13.5M | $13.7M | $13.8M | $14.7M | $17.1M | $17.2M | $18.6M | $19.9M | $21.0M | $25.4M |
O que olhar em empresas de Financial Services
- Efficiency Ratio (≤55%) — Despesas operacionais / receita. Bancos top abaixo de 55%.
- ROA (≥1%) — Quanto ganham por cada euro de ativos. ROE engana em bancos pela alavancagem.
- ROTCE (≥12%) — Rentabilidade sobre Capital Tangível. Exclui goodwill e intangíveis.
- Capital / Ativos (proxy Tier 1) (≥8%) — Proxy do rácio de capital. FMP não expõe Tier 1 regulatório direto.
- P/B (1,0-1,5x) — Métrica clássica bancária. <1x pode ser oportunidade ou distress.
- Dividend yield sustentável (≥2%, <8%) — Bancos UE pagam 5-7% sem stress. >8% é sinal de distress.
Rentabilidade
| Retorno sobre patrimônio | 4.88% |
| Retorno sobre capital investido | 6.92% |
| Retorno sobre ativos | 0.52% |
| Margem bruta | 72.05% |
| Margem operacional | 10.36% |
| Margem líquida | 8.33% |
Saúde financeira
| Dívida / Patrimônio | 0.77 |
| Liquidez corrente | 0.37 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 16.35 | 18.59 | 10.24 | 11.66 | 10.65 | 9.70 | 11.01 | 37.95 | 22.90 | 32.64 |
| P/VP | 1.36 | 1.55 | 1.35 | 1.18 | 1.42 | 1.40 | 1.22 | 1.21 | 0.82 | 1.01 |
| P/V | 1.33 | 1.58 | 1.41 | 1.65 | 1.95 | 2.13 | 1.94 | 1.83 | 1.20 | 1.74 |
| Margem Bruta | 94.2% | 93.6% | 88.8% | 87.3% | 90.3% | 99.1% | 93.0% | 67.5% | 60.8% | 67.2% |
| Margem Operacional | 12.3% | 18.4% | 17.5% | 19.0% | 24.4% | 29.3% | 23.2% | 6.5% | 6.8% | 6.9% |
| Margem Líquida | 8.1% | 8.5% | 13.7% | 14.4% | 18.6% | 22.3% | 17.8% | 4.8% | 5.3% | 5.3% |