Quarterly ResultJul 29, 2026, 04:33 PM
Alerus Financial Q2 Net Income $20.9M, EPS $0.81; Dividend Up 4.76%
AI Summary
Alerus Financial Corporation reported second-quarter 2026 net income of $20.9 million, or $0.81 per diluted common share. The company demonstrated strong operational performance with a 6.8% increase in noninterest income and a 20 basis point expansion in net interest margin to 3.97%. Asset quality significantly improved, with nonperforming assets decreasing by 68.3% to $17.1 million. Alerus also returned $23.6 million to shareholders in the first half of 2026 through dividends and share repurchases, and increased its quarterly dividend by 4.76% to $0.22 per share.
Key Highlights
- Net income for Q2 2026 was $20.9 million, compared to $23.0 million in Q1 2026 and $20.3 million in Q2 2025.
- Diluted earnings per common share was $0.81 for Q2 2026.
- Noninterest income increased 6.8% to $32.9 million in Q2 2026, representing 40.85% of total revenue.
- Net interest margin (tax-equivalent) rose 20 basis points to 3.97% in Q2 2026.
- Nonperforming assets decreased 68.3% to $17.1 million, or 0.32% of total assets.
- The company repurchased $6.8 million of common stock, reducing shares by 250,000.
- Quarterly dividend increased 4.76% to $0.22 per share.
- Total assets under administration/management exceeded $50.4 billion, up 7.0%.
Price Impact
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