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Alerus Financial Corporation (ALRS)
NASDAQ:ALRS
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.59Last Year’s EPS
0.56Same Quarter Last Year
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong execution on integration, diversified fee revenue growth, margin improvement, and strengthened capital/liquidity after deliberate balance sheet repositioning. Management provided constructive 2026 guidance (mid-single-digit revenue growth, disciplined expense outlook, and ROA >1.2%) while acknowledging isolated credit issues (specific multifamily NPLs already well reserved) and intentional loan/deposit optimizations. Competitive deposit markets and reduced purchase accounting accretion are transitional challenges but are being managed proactively. Overall, positives around profitability, fee diversification, capital strength, and strategic momentum outweigh the contained lowlights.Company Guidance
Strong profitability and efficiency
Reported core ROA of 1.62% this quarter; delivered an adjusted ROA of 1.35% for the first full year post-acquisition and an adjusted efficiency ratio of 64.45%. Management also cited record adjusted earnings and over 21% adjusted return on tangible equity for 2025.
Net interest income and margin improvement
Net interest income reached $45.2M in Q4, up 4.7% versus the prior quarter. Reported NIM was 3.69%; core interest margin ex 52 bps of purchase accounting accretion was 3.17% (a 12 bps increase from Q3). Total cost of funds decreased 16 bps to 2.18%.
Fee-based revenue and retirement/wealth strength
Core fee income businesses grew core revenues ~7% year-over-year and fee income remained over 40% of total revenues. Retirement and wealth assets were nearly $50B (roughly 10x banking assets). Retirement revenue increased to $17.3M (+4.6% QoQ); wealth revenues increased 13.4% QoQ to $7.4M.
Balance sheet repositioning and liquidity actions
Sold $360M of available-for-sale securities (≈68% of AFS), reinvesting into securities with a 4.7% weighted average yield and shorter duration (~3 years). Loan-to-deposit ratio was 96.6% and tangible common equity (TCE) improved to 8.72% (from 8.24% prior quarter). CET1 rose to 10.28% from 9.91% a year ago. Company reports ~ $2.8B of liquidity.
Disciplined credit and reserve positioning
Allowance for loan losses remained at a robust 1.53% of total loans despite a slight reserve release; leading credit indicators improved (30% reduction in criticized asset levels year-over-year) and the quarter included net recoveries.
Operational progress and cost discipline
Achieved record sales across many business lines while reducing headcount over 6% from the October 2024 peak. Noninterest expense growth was modest (+2.7% QoQ) and 2026 expense guidance is low-single-digit growth, consistent with management focus on positive operating leverage.
Clear 2026 guidance and outlook
Guidance for 2026: loans mid-single-digit growth, deposits low-single-digit growth, NIM 3.5%–3.6% (includes ~16 bps of purchase accounting accretion), net interest income growth low- to mid-single digits, adjusted noninterest income mid-single digits, and expected ROA >1.2% for the year.
Business development and recruiting momentum
Strategic entry into mid-market C&I gained traction; strong pipeline entering 2026. Plan to double wealth advisors over time (26 advisors currently) and active recruiting in larger markets (Twin Cities, Phoenix, Wisconsin). Management is building a pipeline for retirement/HSA partnerships and selective M&A opportunities.
ALRS Earnings History
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 |
|---|---|---|---|
Jan 28, 2026 | $23.80 | $24.36 | +2.35% |
Oct 30, 2025 | $21.01 | $20.92 | -0.42% |
Jul 28, 2025 | $21.31 | $22.64 | +6.22% |
Apr 28, 2025 | $17.26 | $19.56 | +13.29% |
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 Apr 29, 2026, After Close (Confirmed).
What is Alerus Financial Corporation (ALRS) earnings time?
Alerus Financial Corporation (ALRS) earnings time is at Apr 29, 2026, 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 2026 (Q1) is 0.59.