Core Insights - Alerus reported a revenue of $63.35 million for the quarter ended December 2025, reflecting a 12.2% decrease year-over-year and falling short of the Zacks Consensus Estimate of $71.1 million by 10.9% [1] - The company's EPS was $0.85, significantly higher than the $0.44 reported in the same quarter last year, and exceeded the consensus EPS estimate of $0.57 by 48.26% [1] Financial Performance Metrics - Alerus's efficiency ratio was reported at 557.5%, which is substantially higher than the average estimate of 70.9% from two analysts [4] - The average balance of total interest-earning assets was $4.93 billion, slightly below the estimated $5.04 billion [4] - The net charge-offs to average loans stood at -0%, compared to the estimated 0.1% [4] - The net interest margin, tax-equivalent, was reported at 3.7%, exceeding the estimate of 3.3% [4] - Retirement and benefit services revenue was $17.26 million, above the estimated $16.77 million [4] - Wealth management revenue reached $7.44 million, surpassing the estimate of $6.95 million [4] - Mortgage banking revenue was $3.2 million, exceeding the average estimate of $2.8 million [4] - Tax-equivalent net interest income was reported at $45.83 million, higher than the estimated $42.26 million [4] - Total noninterest income was $31.45 million, compared to the average estimate of $28.85 million [4] - Service charges on deposit accounts were $0.73 million, slightly below the estimated $0.83 million [4] Stock Performance - Alerus shares have returned +7.4% over the past month, outperforming the Zacks S&P 500 composite, which saw a +0.8% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Core Insights - Alerus Financial Corporation reported a net loss of $33.1 million for Q4 2025, a significant decline from a net income of $16.9 million in Q3 2025 and a slight loss of $0.1 million in Q4 2024 [1][8] - The company undertook a strategic balance sheet repositioning, selling $360.1 million in available-for-sale securities, resulting in a one-time pre-tax net loss of $68.4 million [2][4] - CEO Katie O'Neill Lorenson highlighted 2025 as a defining year, achieving an adjusted return on average assets of 1.35% and an adjusted efficiency ratio of 64.45% [3][6] Financial Performance - Adjusted pre-provision net revenue for Q4 2025 was $25.3 million, up from $22.1 million in Q3 2025, indicating improved operational efficiency [2][8] - Net interest income for Q4 2025 was $45.2 million, a 4.7% increase from $43.1 million in Q3 2025, driven by lower costs of funds [11][12] - The adjusted return on average tangible common equity for Q4 2025 was 21.05%, compared to 18.55% in Q3 2025, reflecting strong profitability despite the net loss [8][27] Asset and Liability Management - Total assets decreased to $5.2 billion as of December 31, 2025, primarily due to declines in available-for-sale and held-to-maturity investment securities [19] - Total loans held for investment increased by 1.4% to $4.0 billion, driven by growth in consumer and commercial loans [20] - Total deposits were $4.2 billion, a decrease of 4.3% from the previous year, attributed to a reduction in high-cost time deposits [21] Noninterest Income and Expenses - Noninterest loss income for Q4 2025 was $(36.9) million, a significant decrease from Q3 2025, primarily due to the strategic repositioning [14][15] - Noninterest expense for Q4 2025 was $51.9 million, a slight increase from Q3 2025, driven by higher occupancy and equipment expenses [16][17] - Adjusted noninterest income for Q4 2025 was $31.9 million, an increase of 8.3% from Q3 2025, supported by growth in wealth management and retirement services [14][15] Capital and Equity - Tangible book value per common share increased to $17.55 as of December 31, 2025, up from $14.44 a year earlier, indicating strong capital growth [27] - The tangible common equity to tangible assets ratio improved to 8.72% as of December 31, 2025, from 7.13% the previous year, reflecting enhanced capital strength [27][28] - Total stockholders' equity rose to $564.9 million, an increase of $69.5 million from the previous year, primarily due to higher accumulated other comprehensive income [27]

Core Insights - Alerus reported a revenue of $73.2 million for the quarter ended September 2025, marking a 43.8% increase year-over-year, with an EPS of $0.66 compared to $0.26 in the previous year [1] - The revenue exceeded the Zacks Consensus Estimate of $71.55 million by 2.31%, and the EPS surpassed the consensus estimate of $0.59 by 11.86% [1] Financial Performance Metrics - Net charge-offs to average loans were -0.2%, better than the average estimate of 0.1% from two analysts [4] - The efficiency ratio was reported at 65.3%, outperforming the average estimate of 69.2% [4] - The net interest margin was 3.5%, exceeding the estimated 3.3% [4] - Average balance of total interest-earning assets was $4.97 billion, slightly below the $5 billion estimate [4] - Net interest income reached $43.14 million, surpassing the average estimate of $40.73 million [4] - Total noninterest income was $29.43 million, slightly below the average estimate of $30.03 million [4] - Wealth management income was $6.56 million, below the average estimate of $7.24 million [4] - Service charges on deposit accounts were $0.7 million, significantly lower than the $1.18 million estimate [4] - Mortgage banking income was $3.47 million, above the average estimate of $3.05 million [4] - Other income was reported at $2.23 million, slightly above the average estimate of $2.01 million [4] Stock Performance - Alerus shares have returned -4% over the past month, while the Zacks S&P 500 composite has increased by 3.6% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Core Insights - Alerus reported a revenue of $75.39 million for the quarter ended June 2025, marking a year-over-year increase of 46.8% and exceeding the Zacks Consensus Estimate by 7.85% [1] - The earnings per share (EPS) for the same period was $0.72, compared to $0.31 a year ago, resulting in an EPS surprise of 28.57% over the consensus estimate of $0.56 [1] Financial Performance Metrics - Net charge-offs to average loans were reported at 0.4%, higher than the estimated 0.1% [4] - The efficiency ratio was 60.7%, significantly better than the average estimate of 70.6% [4] - The net interest margin, tax-equivalent, was 3.5%, exceeding the estimated 3.3% [4] - Average balance of total interest-earning assets was $4.99 billion, slightly below the estimated $5.02 billion [4] - Net interest income was reported at $43.03 million, surpassing the average estimate of $40.1 million [4] - Total noninterest income reached $31.76 million, exceeding the estimated $29.06 million [4] - Wealth management income was $7.36 million, above the average estimate of $6.85 million [4] - Service charges on deposit accounts were $0.68 million, below the estimated $1.16 million [4] - Mortgage banking income was $3.65 million, significantly higher than the average estimate of $2.3 million [4] - Other income was reported at $1.93 million, compared to the estimated $2.23 million [4] Stock Performance - Alerus shares have returned -1% over the past month, while the Zacks S&P 500 composite has increased by 4.9% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Core Insights - Alerus reported a revenue of $69 million for Q1 2025, marking a 45.1% increase year-over-year, with EPS at $0.56 compared to $0.32 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $65.45 million by 5.42%, and the EPS surpassed the consensus estimate of $0.43 by 30.23% [1] Financial Performance Metrics - Net charge-offs to average loans stood at 0%, better than the 0.1% average estimate [4] - The efficiency ratio was reported at 68.8%, significantly lower than the average estimate of 75.6% [4] - The net interest margin was 3.4%, exceeding the average estimate of 3.1% [4] - Total interest-earning assets averaged $4.95 billion, slightly above the estimated $4.88 billion [4] - Tax-equivalent net interest income was $41.68 million, compared to the estimated $37.56 million [4] - Retirement and benefit services revenue reached $16.11 million, above the average estimate of $15.90 million [4] - Total noninterest income was $27.63 million, slightly below the average estimate of $28.10 million [4] - Wealth management revenue was $6.91 million, compared to the average estimate of $6.82 million [4] - Service charges on deposit accounts were $0.65 million, below the average estimate of $1.13 million [4] - Mortgage banking revenue was $1.53 million, significantly lower than the average estimate of $2.70 million [4] - Other income was reported at $2.44 million, exceeding the average estimate of $1.55 million [4] Stock Performance - Alerus shares returned -3.2% over the past month, compared to a -4.3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]