Alerus Financial Reports Record Q3 Revenue and Forecasts 2026 Net Interest Margin
Alerus Financial Corporation (ALRS) reported record-breaking quarterly revenue of $81 million, marking the highest level in the company's nearly 150-year history. CEO Katie Lorenson attributed this performance to strong revenue mix benefits and overall growth during the third quarter. Looking ahead to 2026, the company has provided guidance forecasting a net interest margin (NIM) between 3.75% and 3.85%. This outlook is supported by an expected mid-single-digit growth rate in their loan portfolio.
Tickers: $ALRS
Topics: earnings financial results revenue