Short answer
ALERUS FINANCIAL CORP (ALRS) filed its Q2 2026 10-Q quarterly report on Aug 3, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $71M (up 0.3% year over year) with net income of $21M.
Q2 2026 key financials · XBRL
- Revenue
- $71M
- +0.3% YoY · +5.4% QoQ
- Net income
- $21M
- +3.0% YoY · −9.2% QoQ
- EPS (diluted)
- $0.81
- +3.8% YoY · −9.0% QoQ
Source: XBRL data from the ALERUS FINANCIAL CORP (ALRS) Q2 2026 10-Q on SEC EDGAR. USD.
ALERUS FINANCIAL CORP Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $80.7M, up $5.9M YoY from $74.8M, driven by net interest income growth
- Net interest margin 3.97% vs 3.51% YoY; efficiency ratio 62.53% vs 60.66%
- Net interest income $47.7M, up 10.9% YoY; noninterest income $32.9M vs $31.8M
- Net income $20.9M, up 3.0% YoY; diluted EPS $0.81 vs $0.78
- Dividend declared $0.22 per share; outlook risks include interest rates, credit quality, liquidity, competition and economic conditions
Risk Factors
- No material changes to risk factors disclosed in the March 4, 2026 Form 10-K
- No newly added risk factor or quarter-specific trigger identified
- No updated regulatory, legal, compliance, operational, competitive, market, or financial risks disclosed
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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