Short answer
ALERUS FINANCIAL CORP (ALRS) filed its Q1 2026 10-Q quarterly report on May 1, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $67M (down 1.8% year over year) with net income of $23M.
Q1 2026 key financials · XBRL
- Revenue
- $67M
- −1.8% YoY
- Net income
- $23M
- +72.5% YoY
- EPS (diluted)
- $0.89
- +71.2% YoY
Source: XBRL data from the ALERUS FINANCIAL CORP (ALRS) Q1 2026 10-Q on SEC EDGAR. USD.
ALERUS FINANCIAL CORP Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $75.8M, up from $68.8M YoY
- Net income $23.0M vs $13.3M; diluted EPS $0.89 vs $0.52
- Net interest margin 3.77% vs 3.41% YoY; efficiency ratio 63.20% vs 66.86%
- Net interest income $44.9M, up 9.1%; noninterest income $30.8M vs $27.6M
- Deposits $4.35B vs $4.41B YoY; loans $4.03B vs $4.10B; dividend $0.21 per share declared
Risk Factors
- No material changes to risk factors disclosed in the March 4, 2026 Form 10-K
- No newly added risk factor or triggering event identified this quarter
- No material regulatory, legal, or compliance risk updates disclosed
- No material operational, competitive, market, liquidity, debt, currency, or concentration risk updates disclosed
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other ALERUS FINANCIAL CORP quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.