ALRS news

Alerus Financial Corp reported Q3 2026 net income of $19.2 million, missing the prior year, but highlighted strong commercial lending growth and capital deployment.

Alerus Financial Corp reported net income of $20.9 million for the second quarter of 2026, or $0.81 per diluted share, compared to $20.3 million in the same period a year ago, reflecting continued expansion of its net interest margin. The earnings report underscores the financial institution's stren…

Alerus Financial Corporation's board declared a regular quarterly cash dividend of $0.22 per common share, representing a 4.76% increase from the prior year dividend. The dividend is payable July 10, 2026, signaling management confidence in the company's financial performance and capital position.

Alerus Financial Corporation closed the sale of three nonperforming loans totaling $33.6 million, representing its largest non-performing relationship as of March 31, 2026. The transaction reduces the company's nonperforming assets to total loans ratio from 1.34% to 0.51% pro forma, demonstrating ac…