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Jun 30
Alerus Q2 2025 Earnings Report
Alerus reported strong performance in Q2 2025 with improved profitability and asset efficiency.
Key Takeaways
Alerus delivered solid second-quarter results, with net income reaching $20.3 million, driven by higher noninterest income and disciplined expense management. Strategic asset optimization and loan sales further strengthened the balance sheet.
Net income grew to $20.3 million, up from $13.3 million in Q1 2025.
Adjusted EPS came in at $0.72, reflecting strong operational efficiency.
Revenue totaled $74.8 million, driven by mortgage banking and wealth management.
The efficiency ratio improved to 60.66% and tangible book value rose to $16.11.
Alerus
Alerus
Alerus Revenue by Segment
Revenue by Segment
Retirement Services Revenue
CapyFin.comWealth Management Revenue
CapyFin.comMortgage Banking Revenue
CapyFin.comDeposit Service Charges Revenue
CapyFin.comOther Income Revenue
CapyFin.com Forward Guidance
Alerus remains focused on executing its long-term strategy, maintaining disciplined risk management, and enhancing shareholder value through sustainable growth and capital optimization.
Positive Outlook
- Strong adjusted return on tangible common equity
- Continued growth in wealth and mortgage revenues
- Strategic loan sales improved risk profile
- Dividend increased for the 39th consecutive year
- Improved efficiency and asset quality metrics
Challenges Ahead
- Noninterest-bearing deposits declined
- Elevated net charge-offs due to one-time loan sale
- Higher noninterest expenses vs. prior year
- Decline in available-for-sale investment securities
- Ongoing integration costs from acquisitions