---
title: "Alerus Financial Corp Q2 2026: Revenue $80M, EPS $0.81— 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294737880.md"
description: "Alerus Financial Corp reported Q2 2026 revenue of $80M and diluted EPS of $0.81, up 6.1% and 3.8% year-over-year respectively. Growth was driven by noninterest income from retirement, wealth advisory, and mortgage banking. The company shifted toward fee-based services, invested in technology, and improved asset quality through commercial real estate repositioning, reducing criticized loans."
datetime: "2026-08-03T20:51:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294737880.md)
  - [en](https://longbridge.com/en/news/294737880.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294737880.md)
generator: "portal-rs"
---

# Alerus Financial Corp Q2 2026: Revenue $80M, EPS $0.81— 10-Q Summary

Alerus Financial Corp reported second-quarter 2026 results with revenue of $80M and net income of $20.9M, supported by growth in noninterest income and continued portfolio actions that improved asset quality. Diluted EPS was $0.81 for the quarter.

**Financial Highlights**

-   Revenue was $80.0M for Q2 2026 (tax-equivalent basis), versus $75.4M in Q2 2025; YoY change 6.1%.
-   Net income was $20.9M for Q2 2026, versus $20.3M in Q2 2025; YoY change 3.0%.
-   Diluted EPS was $0.81 for Q2 2026, versus $0.78 in Q2 2025; YoY change 3.8%.

**Business Highlights**

-   Revenue growth was driven by noninterest income, with retirement/benefit and wealth advisory businesses up roughly 8% year over year and mortgage banking improving.
-   There is a continued shift toward fee-based services—retirement, wealth and mortgage servicing are becoming primary revenue drivers alongside net interest income.
-   The company is investing in technology, realigning facilities and staffing to support growth while maintaining an efficiency ratio near 63%.
-   Proactive commercial real estate repositioning reduced criticized and nonperforming loans, supported an allowance for credit losses release, and improved the loan mix and asset quality metrics.

Original SEC Filing: ALERUS FINANCIAL CORP \[ ALRS \] - 10-Q - Aug. 03, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**