Alerus Financial's Q3 net income beats estimates

Alerus Financial

30/10/2025 21:17

Overview

Alerus Q3 net income of $16.9 mln beats analyst expectations

Adjusted EPS for Q3 beats consensus

Net interest income reaches record $43.1 mln, driven by loan and deposit growth

Outlook

Company did not provide specific guidance for future quarters or full year

Result Drivers

ORGANIC GROWTH - Strong growth in loans and deposits drove record net interest income of $43.1 mln

STRATEGIC ACQUISITIONS - HMNF acquisition and commercial wealth bank expansion enhanced earning assets and income

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Beat
$0.66
$0.59 (5 Analysts)
Q3 EPS
$0.65
Q3 Net Income
Beat
$16.90 mln
$15.20 mln (5 Analysts)
Q3 Net Interest Income
$43.10 mln
Q3 Net Interest Margin
3.50%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Alerus Financial Corp is $25.50, about 17.8% above its October 29 closing price of $20.97

Press Release: ID:nBw6xcTy2a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)