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Wilson Bank Holding vs Alerus Financial: WBHC and ALRS compared
Wilson Bank Holding is the larger company: $97.3M of revenue in its latest quarter (Q3 2026) against $81.1M for Alerus Financial (Q3 2026). Alerus Financial is growing faster (+12% against +9% a year earlier). Alerus Financial is more profitable, with an operating margin of 30.8% against 29.5%.
Where the money goes: WBHC and ALRS
Wilson Bank Holding (WBHC) · Q3 2026
Wilson Bank Holding, Q3 2026: revenue $97.3M (+9% year over year), operating margin 29.5%, net earnings $22.3M, operating cash flow $37.5M. The chart follows the revenue to costs, profit and cash.
Alerus Financial (ALRS) · Q3 2026
Alerus Financial, Q3 2026: revenue $81.1M (+12% year over year), operating margin 30.8%, net earnings $19.2M, operating cash flow $51.3M. The chart follows the revenue to costs, profit and cash.
| Wilson Bank Holding (WBHC) | Alerus Financial (ALRS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $97.3M | $81.1M |
| Revenue growth, Y/Y | +9% | +12% |
| Operating margin | 29.5% | 30.8% |
| Net earnings | $22.3M | $19.2M |
| Net margin | 22.9% | 23.7% |
| Operating cash flow | $37.5M | $51.3M |
| Free cash flow | $35.5M | — |
Where the revenue comes from
Alerus Financial
- Net interest income: $46.7M (58%)
- Noninterest income: $34.4M (42%)
Questions
Which is bigger, Wilson Bank Holding or Alerus Financial?
Wilson Bank Holding is the larger company: $97.3M of revenue in its latest quarter (Q3 2026) against $81.1M for Alerus Financial (Q3 2026).
Is Wilson Bank Holding or Alerus Financial growing faster?
Alerus Financial is growing faster (+12% against +9% a year earlier).
Which is more profitable, Wilson Bank Holding or Alerus Financial?
Alerus Financial is more profitable, with an operating margin of 30.8% against 29.5%.
More: Wilson Bank Holding earnings · how Wilson Bank Holding makes money · Alerus Financial earnings · how Alerus Financial makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.