Quarterly ResultApr 29, 2026, 04:50 PM
ALRS Q1 2026 Net Income $23.0M; EPS $0.89
AI Summary
Alerus Financial Corporation reported net income of $23.0 million, or $0.89 per diluted common share, for Q1 2026, a significant improvement from a net loss of $33.1 million in Q4 2025 and an increase from $13.3 million in Q1 2025. The company highlighted strong execution of its long-term strategy, leading to improved profitability, expanding margins, and better credit performance. Key metrics like return on average assets and tangible common equity showed strong growth, alongside increased deposits and a reduction in nonperforming assets.
Key Highlights
- Q1 2026 Net Income $23.0M ($0.89 diluted EPS) vs. Q4 2025 Net Loss $(33.1)M ($(1.27) diluted EPS).
- Return on average assets 1.79%; Return on average tangible common equity 21.85%.
- Noninterest income was $30.8M, representing 40.72% of total revenue.
- Net interest margin increased to 3.77% from 3.69% in Q4 2025.
- Total deposits grew 3.7% to $4.3B from December 31, 2025.
- Nonperforming assets decreased 22.1% to $54.0M from December 31, 2025.
- Repurchased $6.0M of common stock, reducing shares by 250,000.
- Tangible book value per common share increased 3.4% to $18.15.
Price Impact
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