Alerus Q2 2025 net income $20.3M ($0.78 EPS); adj. EPS $0.72, up 29% QoQ

ALERUS FINANCIAL CORP

2025-Q2 EPS reported $1.30

Net income $20.3M vs $13.3M in Q1 2025 and $6.2M in Q2 2024.
Net interest margin expanded to 3.51% from 3.41% QoQ; noninterest income up 15%.
Sold $62.5M of non-owner occupied CRE loans; additional $50.2M hospitality loans sold in July.
Increased quarterly dividend 5% to $0.21 per share (39th consecutive year of increases).
Tangible book value per share rose 5.5% to $16.11; adj. efficiency ratio improved to 62.4%.

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