Alerus Financial rises after dumping low-yield securities worth $360 million

Alerus Financial

30/12/2025 15:17

** Community lender Alerus Financial's ALRS.O shares 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 profitability

** Co 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 margin

** Hovde Group analyst Brendan Nosal says no new capital raise and no tangible book value dilution is a big plus

** Including session's moves, ALRS up 14.5% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))