Alerus Financial Q1 adjusted EPS and net income beat estimates

Alerus Financial

29/04/2026 21:52

Overview

US commercial bank's Q1 adjusted EPS and net income beat analyst expectations

Company reported improved profitability from expanding margins and disciplined balance-sheet management

Repurchased $6 mln of common stock during Q1 2026

Outlook

Company did not provide specific financial guidance for future periods

Result Drivers

NET INTEREST MARGIN - Co said higher yields on investment securities and lower cost of funds drove margin expansion

FEE-BASED INCOME - Noninterest income was supported by steady retirement and benefit services revenues and growth in health savings accounts

ASSET QUALITY - Decline in nonperforming assets reflected progress on previously identified credits

Company press release: ID:nGNX2fp9xB

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Beat
$0.89
$0.59 (4 Analysts)
Q1 EPS
$0.89
Q1 Net Income
Beat
$23 mln
$14.87 mln (4 Analysts)
Q1 Net Interest Income
$44.90 mln
Q1 Net Interest Margin
3.77%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "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 2% below its April 28 closing price of $26.03

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)