---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-024891"
form_type: "8-K"
ticker: "ALRS"
cik: "0000903419"
company_name: "ALERUS FINANCIAL CORP"
filed_at: "2026-07-29T20:31:38+00:00"
generated_at: "2026-07-29T20:33:06.103034+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001437749-26-024891
- form_type: 8-K
- ticker: ALRS
- cik: 0000903419
- company_name: ALERUS FINANCIAL CORP
- filed_at: 2026-07-29T20:31:38+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/903419/000143774926024891/0001437749-26-024891-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903419/000143774926024891/alrs20260502_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-024891
- JSON: https://secwatch.observer/filing/0001437749-26-024891.json
- Plain text: https://secwatch.observer/filing/0001437749-26-024891.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.