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AI brief of an SEC Form 8-K · ALERUS FINANCIAL CORP (ALRS)

Alerus Financial Q3 net income rises to $19.2 million, $0.76 per diluted share

Positive Impact 3 of 5 earnings Written later

Alerus Financial reported third-quarter 2026 net income of $19.2 million, or $0.76 per diluted share, up from $16.9 million, or $0.65 per diluted share, a year earlier but down from $20.9 million, or $0.81, in the second quarter. Net interest income and noninterest income both grew from a year ago, and the company repurchased $8.2 million of its stock during the quarter.

Key points

  • Q3 2026 net income was $19.2 million, or $0.76 per diluted share, versus $0.65 in Q3 2025 and $0.81 in Q2 2026.
  • Net interest income rose 8.3% year over year to $46.7 million, and noninterest income rose 16.7% year over year to $34.4 million.
  • Tangible book value per common share was $18.74 as of September 30, 2026, up 10.9% from a year earlier.
  • The company repurchased $8.2 million of common stock at an average price of $32.75 and returned $37.2 million to shareholders in the first nine months of 2026.

The filing

CompanyALERUS FINANCIAL CORP (ALRS)
Form8-K, current report
Filed with the SECOct 28, 2026, 4:31 PM ET
Accession number0001437749-26-033799

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

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 October 28, 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.