Alerus Q2 FY26 net income falls 9.13% to $20.9 million; net interest margin widens 20 bps to 3.97% vs Q1 FY26 - ALRS News | RalliesAlerus Q2 FY26 net income falls 9.13% to $20.9 million; net interest margin widens 20 bps to 3.97% vs Q1 FY26
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ALRS• Alerus Q2 FY26 results
- Alerus posted Q2 2026 net income of USD 20.9 million, down 9.13% from Q1 2026; diluted EPS slipped to USD 0.81.
- Net interest income rose 6.2% from Q1 to USD 47.7 million; net interest margin widened 20 basis points to 3.97%.
- Noninterest income increased 6.8% from Q1 to USD 32.9 million, representing 40.85% of total revenue.
- Nonperforming assets fell 68.3% from March 31 to USD 17.1 million; nonperforming assets-to-assets improved to 0.32% from 1.02%.
- Quarterly dividend increased 4.76% from Q1 to USD 0.22 per share; USD 6.8 million of stock repurchased at USD 27.10 per share.
