Alerus Q2 2026 EPS $0.81, NIM expands 20 bps to 3.97%, dividend raised 4.76%

ALERUS FINANCIAL CORP

Net income $20.9M ($0.81 diluted EPS) vs $20.3M ($0.78) in Q2 2025; noninterest income $32.9M (40.85% of revenue).
Net interest margin (tax-equivalent) 3.97%, up 20 bps from Q1 2026; net interest income $47.7M, up 10.9% YoY.
Nonperforming assets fell 68.3% to $17.1M; NPAs/total assets 0.32% vs 1.02% in Q1 2026.
Quarterly dividend increased 4.76% to $0.22/share; repurchased $6.8M of stock at avg $27.10.
Tangible book value per share $18.73, up 16.26% YoY; tangible common equity ratio 9.05%.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.