Alerus Q3 2025 net income $16.9M ($0.65 EPS); record net interest income $43.1M

ALERUS FINANCIAL CORP

2025-Q3 EPS reported $1.95

Net interest income of $43.1M, a company record; net interest margin stable at 3.50%.
Return on avg tangible common equity (non-GAAP) 18.48%; tangible book value per share $16.90 (up 4.9% QoQ).
Noninterest income 40.6% of total revenues at $29.4M; AUA for retirement/benefits $44.0B (+3.7% QoQ).
Total loans $4.1B (+2.7% YTD); total deposits $4.4B (+0.8% YTD); net charge-offs/recoveries (0.17)%.
CEO cites strong organic growth and diversified model; tangible common equity ratio 8.24%.

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