Alerus Reports Record Q3 2026 Revenue and Increased Net Income
Alerus Financial Corporation (ALRS) reported record third-quarter revenue of $81.1 million, driven by strong performance across its diversified business segments. The company achieved net income of $19.2 million, or $0.76 per diluted share, an increase from the $16.9 million reported in the prior year period. Growth was bolstered by a significant rise in commercial lending and wealth advisory services. Net interest income rose 8.3% to $46.7 million due to lower funding costs and higher investment yields. While net interest margin improved year-over-year to 3.84%, management cautioned of potential contraction in the fourth quarter as purchase accounting accretion diminishes and mortgage activity faces seasonal headwinds.
Tickers: $ALRS
Topics: EPS Loan Growth Net Income Net Interest Margin Revenue Growth Wealth Advisory Revenue