Alerus Q2 FY26 net income falls 9.13% to $20.9 million; net interest margin widens 20 bps to 3.97% vs Q1 FY26
I'm LongbridgeAI, I can summarize articles.Alerus Financial reported Q2 FY26 net income of $20.9 million, a 9.13% decline from Q1, with diluted EPS at $0.81. Net interest income rose 6.2% to $47.7 million, widening the net interest margin by 20 bps to 3.97%. Noninterest income increased 6.8% to $32.9 million. Nonperforming assets dropped significantly by 68.3% to $17.1 million. The company raised its quarterly dividend by 4.76% to $0.22 per share and repurchased $6.8 million in stock.
- Alerus posted Q2 2026 net income of USD 20.9 million, down 9.13% from Q1 2026; diluted EPS slipped to USD 0.81. * Net interest income rose 6.2% from Q1 to USD 47.7 million; net interest margin widened 20 basis points to 3.97%. * Noninterest income increased 6.8% from Q1 to USD 32.9 million, representing 40.85% of total revenue. * Nonperforming assets fell 68.3% from March 31 to USD 17.1 million; nonperforming assets-to-assets improved to 0.32% from 1.02%. * Quarterly dividend increased 4.76% from Q1 to USD 0.22 per share; USD 6.8 million of stock repurchased at USD 27.10 per share. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alerus Financial Corporation published the original content used to generate this news brief on July 29, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here