ALERUS FINANCIAL CORP — Form 8-K
Filed July 29, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Alerus Financial Corporation reported Q2 2026 net income of $20.9 million ($0.81 diluted EPS), down from $23.0 million ($0.89 EPS) in Q1 2026 but up 2.9% from $20.3 million ($0.78 EPS) in Q2 2025. Net interest income rose 6.2% QoQ to $47.7M; noninterest income increased 6.8% to $32.9M. The company improved asset quality dramatically: nonperforming assets fell 75.3% to $17.1M from $69.4M at year-end 2025. Tangible book value per share increased 16.3% YoY to $18.73. The company repurchased $6.8M of stock (250k shares at $27.10) and raised dividend 4.76% to $0.22/share.
Why this rating
Routine quarterly earnings with modest sequential decline offset by strong YoY growth and improved credit quality. Normal for $5.3B bank's size.
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