ALERUS FINANCIAL CORP (ALRS) reports that officer Kari Koob, SVP and Controller, sold 597 shares of common stock on September 14, 2026 in a sale described as an open market or private transaction at $33.13 per share. After this sale, Koob directly held 503.246 shares, which include 382 shares of restricted stock, and also had an indirect holding of 500.6112 shares through the Alerus Financial Corporation Employee Stock Ownership Plan, reflecting ESOP allocations since the prior ownership report.
ALERUS FINANCIAL CORP (ALRS) received a notice under Rule 144 that officer Kari Koob, through Fidelity Brokerage Services LLC, intends to sell 597 shares of common stock on or about September 14, 2026 on NASDAQ. The filing lists an aggregate market value of $19,963 for the planned sale.
The shares to be sold come from stock awards of 178, 243, and 176 common shares granted as compensation on July 3, 2025, July 1, 2026, and July 3, 2026, respectively. Shares outstanding are reported as 24,903,238, a baseline figure, not the amount being sold.
Alerus Financial Corporation (ALRS) has filed a universal shelf registration allowing it to offer, from time to time, up to $200,000,000 of securities, including common stock, preferred stock, debt securities, warrants, depositary shares, subscription rights, stock purchase contracts, stock purchase units and units.
The filing carries forward $125,000,000 of unsold securities from a prior registration under Rule 415(a)(6). Alerus may sell these securities in one or more offerings, on a continuous or delayed basis, through or to underwriters, dealers, agents, or directly to investors. Net proceeds are expected to be used for general corporate purposes, including investments in subsidiaries, working capital, capital expenditures, stock repurchases, debt repayment or financing acquisitions.
As of June 30, 2026, Alerus reported $5.3 billion in total assets, diversified across banking, retirement and benefit services, and wealth advisory segments, supporting a mix of net interest and fee-based revenue streams.
ALERUS FINANCIAL CORP (ALRS) director Jeffrey Bolton reported a purchase of 1,000 shares of Common Stock on September 1, 2026, in an open-market or private transaction at $32.45 per share. After this trade, he directly owns 15,163 shares, including 1,772 shares of restricted stock and 4,567 shares held jointly with his spouse. The newly purchased 1,000 shares are also held jointly with his spouse, and no Rule 10b5-1 trading plan is reported.
Alerus Financial Corporation (ALRS) reported that its board declared a regular quarterly cash dividend of $0.22 per common share, payable on October 9, 2026 to shareholders of record on September 25, 2026. The company states this dividend is a 4.76% increase over the dividend paid a year earlier.
Alerus also announced a new stock repurchase program authorizing the repurchase of up to 1,250,000 shares of common stock, subject to limitations and conditions. This program becomes effective once the existing 1,000,000-share repurchase authorization is fully used or expires/terminates and will run until August 26, 2029. As of August 26, 2026, approximately 320,033 shares remained authorized under the prior program. The company emphasizes that the new program does not obligate it to repurchase any shares, and repurchases, if any, may occur from time to time in the open market, including under Rule 10b-18 and potentially via Rule 10b5-1 trading plans.
Alerus Financial Corporation reported Q2 2026 net income of $20,865 versus $20,253 in Q2 2025, and six‑month net income of $43,836 versus $33,567 a year earlier. Basic EPS was $0.82 for Q2 and $1.72 for the first half of 2026. Dollar figures are stated in thousands where applicable.
Net interest income rose to $47,712 in Q2 and $92,623 for six months, while noninterest income reached $32,945 in Q2 and $63,792 year‑to‑date. Total assets were $5,288,718 at June 30, 2026, with loans of $4,034,244 and deposits of $4,191,897. The allowance for credit losses on loans declined to $48,361, which the company attributed primarily to lower nonperforming loans.
Alerus Financial Corporation reported second quarter 2026 net income of $20.9 million, or $0.81 per diluted share, compared with $23.0 million ($0.89) in the prior quarter and $20.3 million ($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, up 6.2% sequentially and 10.9% year over year, while tax-equivalent net interest margin improved to 3.97%, aided by a one-time $1.6 million interest recovery on a resolved nonaccrual loan and higher loan yields.
Noninterest income was $32.9 million, up 6.8% from the first quarter and 3.7% from the prior year, driven by a gain on sale of property in Rochester, Minnesota, higher wealth advisory fees, and increased swap and deferred compensation-related investment income, partly offset by lower mortgage banking revenue and the absence of a prior-year non-mortgage loan sale gain. Noninterest expense increased to $52.9 million, mainly from higher compensation, other real estate owned costs, and insurance.
At June 30, 2026, total assets were $5.29 billion and loans held for investment were $4.03 billion, modestly below year-end as commercial growth was offset by lower consumer balances. Deposits were $4.19 billion, essentially flat since December 31, 2025, with a shift from noninterest-bearing to interest-bearing accounts. Asset quality improved significantly: nonperforming assets fell to $17.1 million, or 0.32% of total assets, from $54.0 million (1.02%) at March 31, 2026. The allowance for credit losses on loans was $48.4 million, or 1.20% of total loans. Capital remained strong, with tangible common equity to tangible assets of 9.05% and a consolidated common equity Tier 1 ratio of 10.81%. The company repurchased $6.8 million of common stock (250,000 shares) in the quarter and returned $23.6 million to shareholders via dividends and buybacks in the first half of 2026.
Alerus Financial Corp SVP and Controller Kari Koob reported routine equity compensation activity. On restricted stock vesting, 102 common shares were withheld at $31.11 per share to cover tax liabilities, a non-market tax-withholding disposition rather than an open-market sale.
After this event, Koob directly holds 1,100.246 common shares, including 382 shares of restricted stock. Separately, 494.0163 shares are held indirectly through the Alerus Financial Corporation Employee Stock Ownership Plan, reflecting ESOP allocations since the prior ownership report.
Alerus Financial Corp SVP and Controller Kari Koob reported routine share activity related to restricted stock vesting. On the reported date, 140 shares of common stock were withheld at $31.10 per share to cover tax liabilities arising from the vesting of restricted stock, rather than being sold in the open market. After this tax-withholding disposition, Koob directly held 1,202.246 shares of common stock, which include 660 shares of restricted stock. Separately, Koob had 493.6779 shares held indirectly through the Alerus Financial Corporation Employee Stock Ownership Plan, reflecting allocations since the prior ownership report.