ALERUS FINANCIAL CORP (ALRS) Form 10-Q — Aug 3, 2026
Alerus Financial reported net income of $43.8 million for the six months ended June 30, 2026, a 30.6% increase compared to the prior year period. Earnings per diluted share rose to $1.70 from $1.30, driven by an $8.4 million increase in net interest income and a $4.4 million release of credit loss provisions. Net interest margin improved to 3.97% for the quarter, up 20 basis points year-over-year, attributed to higher yields on investment securities and a one-time interest recovery. The company returned significant capital to shareholders, repurchasing 500,000 shares and paying $10.7 million in dividends during the six-month period.
Key figures
- Eps
- $1.70
- Net Income
- $43.8 million
- Total Assets
- $5,288,718 (thousands)
- Cash Position
- $109,012 (thousands)
- Total Deposits
- $4,191,897 (thousands)
- Efficiency Ratio
- 62.53%
- Dividend Per Share
- $0.22
- Net Interest Margin
- 3.97%
- Shares Repurchased
- 500,000
- Allowance For Credit Losses
- $48,361 (thousands)
- Tangible Book Value Per Share
- $18.73
Price after filing
Close on the filing date to close N calendar days later (from $34.12). Historical, not a forecast.
AI analysis
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