BUZZ-Alerus Financial rises after dumping low-yield securities worth $360 million
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Community lender Alerus Financial’sshares rise 1.4% to $22.01 in early trading ALRS on Monday announced it had sold $360 million of low-yield securities and reinvested the proceeds into higher-yielding paper to boost profitabilityCo says bond portfolio rejig resulted in a one-time pre-tax net loss of $68.5 million, but is expected to boost 2026 net interest marginHovde Group analyst Brendan Nosal says no new capital raise and no tangible book value dilution is a big plusIncluding session’s moves, ALRS up 14.5% YTD
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