Alerus Financial Q2 2026: Net Income Hits $20.9M as NIM Expands to 3.97%
ALRS sits 60% above its 52-week low of $20.26.
Summary
Alerus Financial earned $20.9 million ($0.81 EPS) in Q2 2026, fueled by margin expansion, a sharp drop in nonperforming assets, and $6.8 million in share repurchases.
Key Events · Earnings and Guidance · ALRS
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Q2 Net Income of $20.9M
Net income came in at $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) in the year-ago period.
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Net Interest Margin Expands to 3.97%
Driven by a one-time $1.6 million interest recovery on a resolved nonaccrual loan and higher loan yields, the tax-equivalent net interest margin widened 20 basis points from Q1 2026 to 3.97%.
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Nonperforming Assets Drop 68.3%
Nonperforming assets fell to $17.1 million from $54.0 million at March 31, 2026, largely reflecting the resolution of a large nonperforming loan relationship.
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$6.8M in Share Repurchases
The company bought back $6.8 million of common stock at an average price of $27.10 per share, reducing shares outstanding by 250,000.
Analysis · ALRS · Finance
Second-quarter results underscore the strength of Alerus' diversified model, with net income reaching $20.9 million, or $0.81 per diluted share. A 20-basis-point expansion in net interest margin to 3.97% and a 6.8% rise in noninterest income powered the performance. Credit quality saw a dramatic turnaround as nonperforming assets plunged 68.3% to $17.1 million. Meanwhile, the company returned $6.8 million to shareholders through buybacks and a higher dividend. With noninterest income again exceeding 40% of total revenue and capital ratios remaining robust, the quarter highlights the resilience that supports continued shareholder returns.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.5% of the 1629 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.59%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ALRS was trading at $32.45 on NASDAQ in the Finance sector, with a market capitalization of approximately $828M. The 52-week trading range was $20.26 to $33.44. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.