Alerus Financial Corporation (ALRS) reported third-quarter 2026 net income of $19.2 million, or $0.76 per diluted common share, compared with $20.9 million, or $0.81 per diluted common share, in the prior quarter. Net income was $16.9 million, or $0.65 per diluted common share, in the third quarter of 2025.
Net interest income totaled $46.7 million and noninterest income was $34.4 million during the quarter. Total loans were $4.2 billion and total deposits were $4.3 billion as of September 30, 2026.
- Basic earnings per common share were $0.77; diluted earnings per common share were $0.76.
- Net interest income rose 8.3% from the third quarter of 2025.
- Noninterest income increased 16.7% year over year to $34.4 million.
- Total loans increased $150.5 million, or 3.7%, from June 30, 2026.
- Total deposits increased $111.2 million, or 2.7%, from June 30, 2026.
- The company repurchased $8.2 million of common stock during the quarter, reducing shares outstanding by 250,000.
$ALRS Insider Trading Activity
$ALRS insiders have traded $ALRS stock on the open market 3 times in the past 6 months. Of those trades, 2 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $ALRS stock by insiders over the last 6 months:
- JEFFREY BOLTON has made 2 purchases buying 2,000 shares for an estimated $61,165 and 0 sales.
- KARI KOOB (SVP, Controller) sold 597 shares for an estimated $19,778
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 88 institutional investors add shares of $ALRS stock to their portfolio, and 43 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WELLINGTON MANAGEMENT GROUP LLP removed 242,021 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $7,526,853
- PROSHARE ADVISORS LLC added 226,312 shares (+inf%) to their portfolio in Q2 2026, for an estimated $7,038,303
- ENDEAVOUR CAPITAL ADVISORS INC removed 222,711 shares (-39.6%) from their portfolio in Q2 2026, for an estimated $6,926,312
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 205,093 shares (+inf%) to their portfolio in Q2 2026, for an estimated $6,378,392
- GOLDMAN SACHS GROUP INC added 158,794 shares (+43.3%) to their portfolio in Q2 2026, for an estimated $4,938,493
- ALERUS FINANCIAL NA removed 125,568 shares (-5.6%) from their portfolio in Q2 2026, for an estimated $3,905,164
- MAIRS & POWER INC added 123,981 shares (+156.1%) to their portfolio in Q2 2026, for an estimated $3,855,809
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.
