Alerus Financial expects mid-single-digit loan growth in 2026
ALRS•Alerus Financial expects mid-single-digit loan growth and low-single-digit deposit growth in 2026. It forecasts a 3.75%-3.85% net interest margin, mid-single-digit adjusted revenue growth and adjusted return on assets above 1.25%.
1. 2026 outlook
Alerus Financial expects mid-single-digit loan growth and low-single-digit deposit growth in 2026. Adjusted revenue and adjusted noninterest income are forecast to grow in the mid-single digits, driven by its wealth and retirement businesses, while adjusted noninterest expense is expected to increase at a low- to mid-single-digit rate. The company expects adjusted return on assets above 1.25%.
2. Margin and accretion
Net interest margin guidance remains 3.75%-3.85%, compared with 3.86% year to date, with contraction expected as purchase accounting accretion declines. Accretion is projected to fall to approximately $9 million in 2027 from approximately $13 million in 2026.
