Alerus Financial Corporation reports financial news as a commercial wealth bank and national retirement services provider. Through Alerus Financial, National Association, the company provides banking, wealth services, and retirement and benefit plan services to business and consumer clients, while its retirement and benefit business serves advisors, brokers, employers, and plan participants across the United States.
Recurring developments for ALRS include quarterly earnings, net interest income and margin trends, loan and credit performance, capital and reserve levels, fee-based revenue from wealth and retirement services, balance sheet repositioning, technology and operating investments, and regular common-share dividend declarations.
Alerus Financial (Nasdaq: ALRS) will announce its third quarter financial results on Wednesday, October 28, 2026, followed by a conference call. The call will take place on October 29, 2026, at 11:00 a.m. Central Time. Analysts and institutional investors may participate in the question-and-answer session. A recording and transcript will be available at investors.alerus.com afterward.
Alerus Financial Corporation (NASDAQ: ALRS) declared a regular quarterly cash dividend of $0.22 per common share, a 4.76% increase from a year ago, payable on October 9, 2026 to shareholders of record on September 25, 2026.
The board also approved a new stock repurchase program authorizing buybacks of up to 1,250,000 common shares, effective after completion or expiration of the prior program and running through August 26, 2029, with repurchases at the company’s discretion, generally in the open market.
Alerus Financial (Nasdaq: ALRS) reported second quarter 2026 net income of $20.9 million, or $0.81 per diluted share, down from $23.0 million, or $0.89, in the prior quarter and up from $20.3 million, or $0.78, a year earlier. Return on average assets was 1.60% and return on average tangible common equity was 19.33%.
Net interest income rose to $47.7 million, with net interest margin (tax‑equivalent) at 3.97%, up 20 basis points sequentially and 46 basis points year over year, aided by a one‑time $1.6 million interest recovery. Noninterest income was $32.9 million, up 6.8% quarter over quarter and representing 40.85% of total revenue. Nonperforming assets fell to $17.1 million, or 0.32% of total assets, from $54.0 million, or 1.02%, at March 31, 2026.
Total assets under administration/management exceeded $50.4 billion, up 7.0% from the first quarter. The company repurchased $6.8 million of stock (250,000 shares at $27.10) and raised its quarterly dividend 4.76% to $0.22 per share. Tangible book value per share increased to $18.73, up 16.26% year over year, while the tangible common equity to tangible assets ratio improved to 9.05%.
Alerus Financial (Nasdaq: ALRS) will release its second quarter 2026 financial results after the market closes on Wednesday, July 29, 2026. The company will host a conference call on Thursday, July 30, 2026 at 12:00 p.m. ET / 11:00 a.m. CT for analysts and investors.
Alerus Financial (NASDAQ: ALRS) declared a regular quarterly cash dividend of $0.22 per common share, approved on May 21, 2026. This dividend is a 4.76% increase from a year earlier and will be paid on July 10, 2026 to shareholders of record on June 26, 2026.
Alerus Financial (Nasdaq: ALRS) announced the sale of three nonperforming construction, land and development loans with a total net book balance of $33.6 million as of March 31, 2026. These loans comprised over 62% of nonperforming loans and assets, carried $3.1 million in specific reserves, generated $1.6 million in nonaccrual interest, and were sold with no charge-offs.
Nonperforming assets to total loans were 1.34%, which would have been 0.51% excluding this relationship.
Alerus Financial (Nasdaq: ALRS) reported Q1 2026 net income of $23.0 million ($0.89 diluted), versus a Q4 2025 net loss of $33.1 million and Q1 2025 net income of $13.3 million. Return on average assets was 1.79% and return on average tangible common equity exceeded 21%. Deposits totaled $4.3 billion, noninterest income represented 40.7% of revenue, nonperforming assets fell 22.1%, and the company repurchased $6.0 million of common stock.
Alerus Financial Corporation (Nasdaq: ALRS) will release first quarter 2026 financial results on Wednesday, April 29, 2026 and host a conference call to discuss results on Thursday, April 30, 2026 at 11:00 a.m. CT / 12:00 p.m. ET.
Analysts and institutional investors may ask questions; attendees are encouraged to register in advance. A recording and transcript will be posted at the company investor website after the call.
Alerus Financial Corporation (NASDAQ: ALRS) announced a regular quarterly cash dividend of $0.21 per common share, declared Feb 25, 2026, representing a 5.00% increase versus the prior year.
The dividend is payable on April 10, 2026 to stockholders of record at close of business on March 27, 2026. Current and historical dividend and quarterly financial information are available via the company investor relations site.
Alerus Financial Corporation (Nasdaq: ALRS) reported a fourth-quarter 2025 net loss of $33.1 million (loss of $1.27 per diluted share), driven by a one-time pre-tax loss of $68.4 million from the sale of $360.1 million of available-for-sale securities as part of a balance sheet repositioning.
Adjusted pre-provision net revenue was $25.3 million for Q4; full-year 2025 highlights include adjusted diluted EPS $2.78, net interest income of $172.5 million (up 61.1% YoY), and tangible book value per share of $17.55 (up 21.54% YoY).