Press release
Alerus Financial Corporation Reports Second Quarter 2025 Net Income of $20.3 Million
MINNEAPOLIS--(BUSINESS WIRE)-- Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $20.3 million for the second quarter of
About this update from Alerus Financial Corporation
[{"type":"text","content":" MINNEAPOLIS--(BUSINESS WIRE)--\nAlerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $20.3 million for the second quarter of 2025, or $0.78 per diluted common share, compared to net income of $13.3 million, or $0.52 per diluted common share, for the first quarter of 2025, and net income of $6.2 million, or $0.31 per diluted common share, for the second quarter of 2024.\n\n\nCEO Comments\n\n\nPresident and Chief Executive Officer Katie Lorenson said, “Alerus delivered another quarter of strong progress towards our goal of achieving sustained top tier performance. The results underscore the power of our diversified business model and disciplined execution. We reported net income of $20.3 million and adjusted earnings per diluted share of $0.72 for the second quarter of 2025, a 28.6% increase from the prior quarter. Our adjusted return on average tangible common equity expanded to 21.0%, and adjusted return on average assets improved to 1.41%, reflecting both revenue growth and disciplined expense management. We continued to optimize our balance sheet with the recent strategic sale of $62.5 million of non-owner occupied commercial real estate loans. These actions, combined with our adjusted net charge-offs to average loans of just 0.07%, demonstrate our proactive credit risk management and portfolio discipline. We maintained our long history of dividend increases in the second quarter while growing tangible book value per share by over 20.0% annualized compared to the prior quarter. These metrics demonstrate our commitment to delivering consistent shareholder value while maintaining a strong capital position and improving our balance sheet and risk profile. We remain focused on executing our long-term strategy, enhancing client relationships, and driving sustainable growth across our One Alerus integrated banking, wealth, and retirement services businesses.”\n\n\nSecond Quarter Highlights\n\n\n\nReturn on average total assets was 1.53% in the second quarter of 2025. Adjusted return on average total assets (non-GAAP)(1) was 1.41% in the second quarter of 2025, an increase of 31 basis points from 1.10% in the first quarter of 2025.\n\n\n\nReturn on average tangible common equity (non-GAAP)(1) was 22.65% in the second quarter of 2025. Adjusted return on average tangible common equity (non-GAAP)(1) was 2...