Alerus Financial Q2 net income $20.9 million, down from Q1 but up year over year
Alerus Financial reported second-quarter 2026 net income of $20.9 million, or $0.81 per diluted share, down from $23.0 million, or $0.89 per share, in the first quarter but up from $20.3 million, or $0.78 per share, a year earlier. Net interest income and noninterest income both rose from the first quarter, and nonperforming assets fell sharply, while the company also repurchased stock and raised its quarterly dividend.
Key points
- Net income was $20.9 million, or $0.81 per diluted share, versus $0.89 in Q1 2026 and $0.78 in Q2 2025.
- Net interest income rose 6.2% from Q1 to $47.7 million, and noninterest income rose 6.8% to $32.9 million.
- Nonperforming assets fell to $17.1 million at June 30, 2026, from $54.0 million at March 31, 2026.
- The company repurchased $6.8 million of common stock at an average price of $27.10 and raised its quarterly dividend to $0.22 per share.
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.