Alerus Financial Corporation demonstrated strong financial performance this quarter with significant gains in fee income, strategic loan sales, and improved efficiency ratios. However, challenges remain with deposit shrinkage and nonperforming assets, albeit these are being actively managed. The company is well-positioned with stable capital levels and continued growth in its wealth and retirement segments.

Company Guidance -

Q3 2025

During the earnings call, Alerus Financial Corporation provided guidance that remains consistent with prior quarters. They reported an adjusted earnings per diluted share of $0.72 and an adjusted return on assets of 1.41%. The company saw a net interest margin increase to 3.51%, with net interest income rising by 4.6% and fee income by 15% over the previous quarter. The guidance for 2025 includes expectations for mid-single-digit loan growth, low single-digit deposit growth, and a net interest margin between 3.25% and 3.35%. Additionally, they expect the adjusted efficiency ratio to be below 68% for the year. Despite seasonal deposit outflows, the company maintains a focus on disciplined pricing and a strong lending pipeline, with reserve levels robust at 1.47% of loans. Industry-leading fee income, notably from the Retirement and Benefits business, remains a differentiator, with fee income accounting for over 42% of revenue. The company also highlighted strategic initiatives in talent and technology to enhance their Wealth Management platform and expand their reach.

Strong Earnings Performance

The company reported an adjusted earnings per diluted share of $0.72, representing an adjusted return on assets of 1.41%.

Successful Loan Sale

Strategic sale of $60 million in nonowner-occupied CRE hospitality loans resulted in a net $2 million gain.

High Fee Income

Fee income increased 15% over the prior quarter, and remains over 40% of revenues, well above the industry average of 19%.

Efficiency Improvement

Adjusted efficiency ratio improved to 62.4% from 66.9% in the prior quarter, driven by core expense and revenue improvements.

Growth in Wealth and Retirement Segments

Retirement services revenue remained stable, while assets under management in the Wealth segment increased 2.5% due to market performance.

Alerus Financial (ALRS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

ALRS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	0.59 / -	0.36	―	―	―
Jul 28, 2025	2025 (Q2)	0.55 / 0.72	0.362	98.90% (+0.36)
Apr 28, 2025	2025 (Q1)	0.43 / 0.56	0.245	128.57% (+0.32)
Jan 28, 2025	2024 (Q4)	0.32 / 0.44	0.375	17.33% (+0.07)
Oct 29, 2024	2024 (Q3)	0.44 / 0.36	0.45	-20.00% (-0.09)
Jul 24, 2024	2024 (Q2)	0.36 / 0.36	0.45	-19.56% (-0.09)
Apr 24, 2024	2024 (Q1)	0.32 / 0.24	0.4	-38.75% (-0.16)
Jan 24, 2024	2023 (Q4)	0.29 / 0.38	0.53	-29.25% (-0.16)
Oct 25, 2023	2023 (Q3)	0.36 / 0.45	0.47	-4.26% (-0.02)
Jul 26, 2023	2023 (Q2)	0.35 / 0.45	0.52	-13.46% (-0.07)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ALRS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 28, 2025	$21.72	$23.07	+6.22%
Apr 28, 2025	$17.59	$19.93	+13.30%
Jan 28, 2025	$19.77	$20.52	+3.79%
Oct 29, 2024	$22.96	$19.78	-13.85%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Alerus Financial Corporation (ALRS) report earnings?

Alerus Financial Corporation (ALRS) is schdueled to report earning on Oct 22, 2025, After Close (Confirmed).

What is Alerus Financial Corporation (ALRS) earnings time?

Alerus Financial Corporation (ALRS) earnings time is at Oct 22, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is ALRS EPS forecast?

ALRS EPS forecast for the fiscal quarter 2025 (Q3) is 0.59.

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