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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Alerus Financial
Alerus Financial (ALRS) investor relations material
Alerus Financial Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Oct, 2026
Executive summary
Q3 revenue reached a record $81M; net income was $19.2M and diluted EPS was $0.76, up 13.4% YoY.
Loans rose 3.7% QoQ to $4.2B and deposits increased 2.7% to $4.3B; commercial and business lending growth supported a more commercial mix.
Adjusted Q3 PPNR was $25.8M versus $22.1M YoY; reported ROTCE was 17.35%.
Financial highlights
Net interest income was $46.7M, up 8.3% YoY and down 2.1% QoQ; reported noninterest income was $34.4M, up 16.7% YoY.
Adjusted noninterest income was $32.8M, up 11.3% YoY and 1.6% QoQ; adjusted revenue was $79.5M.
Reported noninterest expense was $53.9M, up 6.6% YoY; adjusted noninterest expense was $53.7M, up 6.4% YoY, with a 64.4% adjusted efficiency ratio.
9M net income was $63.0M versus $50.5M in 9M 2025.
Outlook and guidance
FY26 guidance calls for mid-single-digit loan growth, low-single-digit deposit growth, NIM of 3.75%-3.85%, mid-single-digit adjusted revenue and noninterest income growth, and low-to-mid-single-digit adjusted expense growth.
Adjusted ROA is expected above 1.25%; guidance assumes the federal funds rate remains static from Sept. 30 through Dec. 31, 2026.
Q4 purchase accounting accretion is expected at $1.8M; estimated total accretion is ~$13M in 2026 and ~$9M in 2027.
Strong loan pipelines supported expectations for full-year mid-single-digit loan growth; mortgage activity faces seasonal and rate-related weakness.
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Latest events from Alerus Financial
- Shelf registration enables up to $200M in securities to fund growth, with strong financials and risk controls.ALRS
Registration filing - Q2 2026 delivered $20.9M net income, 3.97% NIM, and strong capital returns.ALRSQ2 2026
- Directors re-elected, executive pay approved, and auditor ratified with no shareholder questions.ALRSAGM 2026
- Q1 2026 net income was $23.0M with strong margins, asset quality, and positive 2026 outlook.ALRSQ1 2026
- Virtual meeting to elect directors, approve pay, and ratify auditor, with board support.ALRSProxy filing
- Board recommends approval of all proposals, with strong governance and performance-based pay.ALRSProxy filing
- Q4 2025 loss from securities sale, but adjusted earnings and capital ratios improved.ALRSQ4 2025
- Net income fell as expenses rose, but loan, deposit, and asset growth remained strong.ALRSQ3 2024
- Q2 net income fell 31.8% to $6.2M as assets rose 11.5% and fee income topped 53% of revenue.ALRSQ2 2024
Next Alerus Financial earnings date
Q4 202627 Jan, 2027
Alerus Financial
Next Alerus Financial earnings date
Q4 202627 Jan, 2027
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Frequently asked questions
Alerus Financial Corporation is a financial services company that offers a range of banking, wealth management, and retirement services. Through its banking division, the company provides commercial and consumer loans, deposit products, and treasury management solutions. Its wealth management and retirement services include investment advisory, fiduciary services, and administration of retirement plans such as 401(k) and pension plans. Alerus serves individuals, businesses, and institutions across its regional markets. The company is headquartered in Grand Forks, North Dakota, and its shares are listed on the NASDAQ.