Alerus Financial

Q2 FY2026 EarningsQ2 FY26 results beat consensus across most key financial metrics, with revenue of $80.66M exceeding the $77.10M expectation and diluted GAAP EPS of $0.81 landing slightly above the $0.805 mean. The performance was anchored by strong Net Interest Margin (NIM) expansion to 3.97%, driven by a $1.6M interest income recovery and higher loan yields. Fee-based businesses remained robust, with Retirement and Benefit Services and Wealth Advisory revenue growing 8.3% and 4.6% YoY, respectively, offsetting a 9.2% increase in noninterest expenses.