Alerus Financial Corporation (ALRS) reported second-quarter 2026 net income of $20.9 million, or $0.81 per diluted common share, compared with $23.0 million, or $0.89 per diluted share, in the first quarter of 2026 and $20.3 million, or $0.78 per diluted share, in the second quarter of 2025.
Net interest income was $47.7 million, up 6.2% from the prior quarter and 10.9% from the year-earlier quarter. Noninterest income was $32.9 million and represented 40.85% of total revenue.
- Return on average total assets was 1.60%.
- Nonperforming assets were $17.1 million as of June 30, 2026, down from $54.0 million as of March 31, 2026.
- Total assets under administration and management exceeded $50.4 billion, up 7.0% from the first quarter.
- The company repurchased $6.8 million of common stock during the quarter.
- Alerus increased its quarterly dividend to $0.22 per share, up 4.76% from the first quarter.
$ALRS Insider Trading Activity
$ALRS insiders have traded $ALRS stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $ALRS stock by insiders over the last 6 months:
- JEFFREY BOLTON purchased 1,000 shares for an estimated $28,715
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$ALRS Hedge Fund Activity
We have seen 60 institutional investors add shares of $ALRS stock to their portfolio, and 53 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- STIEVEN CAPITAL ADVISORS, L.P. added 338,924 shares (+inf%) to their portfolio in Q1 2026, for an estimated $8,035,888
- BANC FUNDS CO LLC added 134,198 shares (+62.4%) to their portfolio in Q1 2026, for an estimated $3,181,834
- AMERICAN CENTURY COMPANIES INC added 127,590 shares (+69.9%) to their portfolio in Q1 2026, for an estimated $3,025,158
- MARSHALL WACE, LLP removed 87,178 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $2,066,990
- TWO SIGMA INVESTMENTS, LP removed 82,699 shares (-70.1%) from their portfolio in Q1 2026, for an estimated $1,960,793
- BRIDGEWAY CAPITAL MANAGEMENT, LLC added 76,089 shares (+477.3%) to their portfolio in Q1 2026, for an estimated $1,804,070
- PHOCAS FINANCIAL CORP. removed 73,461 shares (-22.0%) from their portfolio in Q1 2026, for an estimated $1,741,760
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
