Net interest income has rebounded from $22.5M in 2024Q3 to $46.7M in 2026Q3, and the efficiency ratio improved to 66.4% from 83.2%, suggesting operating leverage has improved after the acquisition-driven balance sheet step-up.
Price trend, volume and key moving averages
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 28, 2026 | $0.71+7.6% vs $0.66 | $80M+3.6% vs $77M |
Q3 2026 Jul 29, 2026 | $0.80+4.4% vs $0.77 | $80M+3.9% vs $77M |
Q2 2026 Apr 29, 2026 | $0.89+53.4% vs $0.58 | $76M+2.7% vs $74M |
Q1 2026 Jan 28, 2026 | $0.85+49.1% vs $0.57 | $78M+9.0% vs $71M |
Alerus Financial delivered Q3 2026 results exceeding expectations, maintaining strong earnings momentum and robust asset quality. I reaffirm my Buy rating for ALRS, supported by 30%+ projected FY 2026 earnings growth and a reasonable 10.9x forward P/E. Asset quality remains excellent with nonperforming assets at 0.30% of total assets and recurring net recoveries.
Alerus Financial Corporation ( ALRS ) Q3 2026 Earnings Call October 29, 2026 12:00 PM EDT Company Participants Katie Lorenson - President, CEO & Member of Board of Directors Alan Villalon - Executive VP & CFO James Collins - Executive VP and Chief Banking & Revenue Officer Forrest Wilson - Executive VP & Chief Retirement Services Officer Karin Taylor - Executive VP & COO Conference Call Participants Jeff Rulis - D.A. Davidson & Co., Research Division Brendan Nosal - Hovde Group, LLC, Research Division Nathan Race - Piper Sandler & Co., Research Division Damon Del Monte - Keefe, Bruyette, & Woods, Inc., Research Division Kenneth Kohut - Raymond James & Associates, Inc., Research Division Presentation Operator Good morning, and welcome to the Alerus Financial Corporation Earnings Conference Call.
Alerus Financial NASDAQ: ALRS reported record quarterly revenue and higher year-over-year earnings, supported by commercial lending growth, relationship deposits and expansion in its wealth and retirement businesses.
Alerus (ALRS) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.66 per share a year ago.
Benchmark ALRS against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Alerus Financial Corporation (ALRS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $33.81 | $849.6M | 28.37 | -1.36% | 12.26% | 5.22% | 2.4% | |
| $52.83 | $2.75B | 12.68 | 14.54% | 28.98% | 11.31% | 2.7% | |
| $30.41 | $4.36B | 15.02 | 16.23% | 42.9% | 15.14% | 2.43% | |
| $115.20 | $3.87B | 15.31 | -18.53% | 41.17% | 13.3% | 1.59% | |
| $78.44 | $3.29B | 18.77 | -1.99% | 13.45% | 9.33% | 2.67% | |
| $78.94 | $4.11B | 12.11 | 2.08% | 29.98% | 12.42% | 0.87% |
Alerus Financial Corporation (ALRS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Alerus Financial Corporation (ALRS) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 28, 2026·SEC
Aug 27, 2026·SEC
Jul 29, 2026·SEC
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Alerus Financial Corporation (ALRS) stock FAQ — growth, dividends, profitability & financials explained
Alerus Financial Corporation (ALRS) revenue fell by 13.1% over the trailing twelve months, compared with the twelve months before.
Yes. Alerus Financial Corporation (ALRS) earned $30.0M in net income over the trailing twelve months (a 12.3% net margin).
Yes. Alerus Financial Corporation (ALRS) pays a dividend that yields 2.40% at the current price, a moderate yield.
Alerus Financial Corporation (ALRS) had a return on equity (ROE) of 5.2% over the trailing twelve months. That is below the market's typical 10-15%.
Alerus Financial Corporation (ALRS) has a net interest margin (NIM) of 3.3%. This indicates healthy earnings from lending activities.
Alerus Financial Corporation (ALRS) has an efficiency ratio of 89.5%. This is higher than peers, suggesting room for cost optimization.
