Alerus Q1 2025 net income $13.3M ($0.52 EPS); adjusted EPS $0.56, up 24.4% QoQ

ALERUS FINANCIAL CORP

2025-Q1 EPS reported $0.52

EPS $0.52 diluted; adjusted EPS $0.56, up 24.4% from Q4 2024.
NIM 3.41% (+21bps QoQ); loans $4.1B (+2.3%), deposits $4.5B (+2.4%).
NPL ratio improved to 1.24% (1.58% Dec); net charge-offs 0.04% vs 0.13% prior qtr.
Tangible book value $15.27 (+5.7% QoQ); dividend $0.20/sh declared.
Adjusted efficiency ratio improved to 66.9% from 69.0% QoQ; ROA 1.02%.

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