Alerus Financial Corporation logo ALRS - Alerus Financial Corporation

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| PRICE TARGET: $33.00 DETAILS
HIGH: $34.00
LOW: $32.00
MEDIAN: $33.00
CONSENSUS: $33.00
UPSIDE: 1.26%

Stock News

Alerus Financial Corporation Declares Cash Dividend on Common Shares

Alerus Financial Corporation Declares Cash Dividend on Common Shares

MINNEAPOLIS, May 22, 2026 (GLOBE NEWSWIRE) -- Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.22 per common share on May 21, 2026, a 4.76% increase over the dividend paid a year ago. The dividend is payable on July 10, 2026, to stockholders of record as of close of business on June 26, 2026. Current and historic dividend information, as well as quarterly financial statements, investor presentations, and earnings call transcripts are available online through Alerus' investor relations website at investors.alerus.com.

May 22, 2026 12:30 PM • globenewswire.com
Alerus Financial Corporation Announces Sale of Three Nonperforming Loans

Alerus Financial Corporation Announces Sale of Three Nonperforming Loans

MINNEAPOLIS, May 19, 2026 (GLOBE NEWSWIRE) -- Alerus Financial Corporation (Nasdaq: ALRS), or the Company, closed on a sale of three non-performing loans representing a construction, land and development relationship with a total net book balance of $33.6 million as of March 31, 2026. The loans were on nonaccrual as of March 31, 2026, and represented the largest non-performing relationship in the portfolio. As of March 31, 2026, this relationship represented 62.3% of total nonperforming loans and 62.1% of total nonperforming assets. Nonperforming assets to total loans as of March 31, 2026 were 1.34%. Adjusting nonperforming assets and total loans to remove this relationship, as if the transaction had occurred on March 31, 2026, would reduce nonperforming assets to total loans to 0.51% as of such date. As of March 31, 2026, the loans carried specific reserves totaling $3.1 million.

May 19, 2026 10:45 AM • globenewswire.com

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