Alerus Financial (ALRS) vs Independent Bank (IBCP)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Alerus Financial (ALRS) has outperformed Independent Bank (IBCP) over the past year, gaining 44.2% versus a gain of 13.3%. Over five years, IBCP leads with a +61.2% price change compared with -0.8% for ALRS. Alerus Financial is the larger company by market cap ($774.5 million vs $728.7 million), about 1.1 times the size.
On valuation, Independent Bank trades at a lower forward P/E (9.1x vs 11.1x for Alerus Financial). Independent Bank offers the higher dividend yield (3.05% vs 2.74%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ALRS | IBCP |
|---|---|---|
| Share price | $31.07 | $35.37 |
| Market cap | $774.50M | $728.71M |
| 1-day change | -1.86% | -1.09% |
| YTD return | +37.97% | +8.73% |
| 1-year return | +44.18% | +13.26% |
| 5-year return | -0.80% | +61.21% |
| P/E ratio (TTM) | 28.77 | 10.25 |
| Forward P/E | 11.06 | 9.12 |
| EPS (TTM) | $1.08 | $3.45 |
| Dividend yield | 2.74% | 3.05% |
| Annual dividend | $0.85 | $1.08 |
| 52-week high | $34.40 | $39.24 |
| 52-week low | $20.31 | $29.83 |
| Distance from 52-week high | -9.68% | -9.86% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +13.29% | +13.66% |
| Average volume | 187.10K | 196.63K |
| Shares outstanding | 24.93M | 20.60M |
| Employees | 821 | 735 |
| Sector | Finance | Finance |
| Industry | Major Banks | Major Banks |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- ALRS has outperformed IBCP by 30.9 percentage points over the past year.
- Alerus Financial trades at a higher earnings multiple (28.8x vs 10.3x trailing P/E).
About Alerus Financial
ALRS stock →Alerus Financial Corporation operates as the bank holding company for Alerus Financial, National Association that provides various financial services to businesses and consumers in the United States. The company operates in three segments: Banking, Retirement and Benefit Services, and Wealth.
Finance · Major Banks · 821 employees
About Independent Bank
IBCP stock →Independent Bank Corporation operates as the bank holding company for Independent Bank that provides banking services in the United States. The company offers demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit, including free checking accounts.
Finance · Major Banks · 735 employees
ALRS vs IBCP FAQ
Which is bigger, Alerus Financial or Independent Bank?
Alerus Financial (ALRS) is larger, with a market capitalization of $774.50M compared with $728.71M for Independent Bank (IBCP).
Which stock has performed better over the past year, ALRS or IBCP?
ALRS returned +44.18% over the past 12 months, compared with +13.26% for IBCP (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, ALRS or IBCP?
IBCP has the lower trailing P/E at 10.3, versus 28.8 for ALRS. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Alerus Financial or Independent Bank?
Independent Bank has the higher yield at 3.05%, compared with 2.74% for Alerus Financial.
Are Alerus Financial and Independent Bank in the same industry?
Yes. Both are classified in the Major Banks industry within the Finance sector.