Alerus Financial posts transcript of Q2 2026 earnings call
ALRS•Credit metrics improved
Credit metrics improved sharply.
- Nonperforming assets fell 68.3%.
- Criticized loans dropped more than 60% year over year.
- Nonperforming loans fell below 20 bps.
Q2 2026 earnings call highlights
Alerus Financial discussed Q2 2026 results on a July 30 earnings call attended by CEO Katie Lorenson, CFO Alan Villalon, Chief Banking and Revenue Officer James Collins, COO Karin Taylor, and Chief Retirement Services Officer Forrest Wilson.
- Reported EPS was $0.81.
- Net interest income rose 6.2% to $47.7 million.
- Reported net interest margin expanded to 3.97%.
2026 outlook and capital returns
Alerus lifted its 2026 outlook for reported net interest margin to about 3.7%–3.8%. The company held its revenue growth view at mid-single digits on weaker mortgage originations.
