ALERUS FINANCIAL CORP
For the period ended Jun 30, 2026. Filed Aug 3, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 3, 2026
ALRS$34.45+1.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Stockholders’ Equity
Consolidated Statements of Changes in Stockholders’** Equity (Unaudited)**
| Three months ended | |||||
|---|---|---|---|---|---|
| Accumulated | |||||
| Additional · Other | |||||
| Common · Paid-in · Retained · Comprehensive | |||||
| (dollars and shares in thousands) | Stock | Capital | Earnings | Income (Loss) | Total |
| Balance as of March 31, 2025 | 25,366 | $270,159 | $281,961 | $(63,254) | $514,232 |
| Net income | — | — | 20,253 | — | 20,253 |
| Other comprehensive income (loss) | — | — | — | 3,407 | 3,407 |
| Common stock repurchased | (2) | (47) | — | — | (49) |
| Common stock dividends | — | — | (5,336) | — | (5,336) |
| Share‑based compensation expense | — | 648 | — | — | 648 |
| Vesting of restricted stock | 25 | (25) | — | — | — |
| Balance as of June 30, 2025 | 25,389 | $270,735 | $296,878 | $(59,847) | $533,155 |
| Balance as of March 31, 2026 | 25,214 | $266,016 | $287,700 | $(4,237) | $574,693 |
| Net income | — | — | 20,865 | — | 20,865 |
| Other comprehensive income (loss) | — | — | — | (742) | (742) |
| Common stock repurchased | (266) | (6,839) | — | — | (7,105) |
| Common stock dividends | — | — | (5,495) | — | (5,495) |
| Share‑based compensation expense | — | 927 | — | — | 927 |
| Vesting of restricted stock | 38 | (38) | — | — | — |
| Balance as of June 30, 2026 | 24,986 | $260,066 | $303,070 | $(4,979) | $583,143 |
| Six months ended | |||||
|---|---|---|---|---|---|
| Accumulated | |||||
| Additional · Other | |||||
| Common · Paid-in · Retained · Comprehensive | |||||
| (dollars and shares in thousands) | Stock | Capital | Earnings | Income (Loss) | Total |
| Balance as of December 31, 2024 | 25,345 | $269,708 | $273,723 | $(73,366) | $495,410 |
| Net income | — | — | 33,567 | — | 33,567 |
| Other comprehensive income (loss) | — | — | — | 13,519 | 13,519 |
| Common stock repurchased | (8) | (168) | — | — | (176) |
| Common stock dividends | — | — | (10,412) | — | (10,412) |
| Share‑based compensation expense | — | 1,247 | — | — | 1,247 |
| Vesting of restricted stock | 52 | (52) | — | — | — |
| Balance as of June 30, 2025 | 25,389 | $270,735 | $296,878 | $(59,847) | $533,155 |
| Balance as of December 31, 2025 | 25,406 | $271,609 | $270,075 | $(2,156) | $564,934 |
| Net income | — | — | 43,836 | — | 43,836 |
| Other comprehensive income (loss) | — | — | — | (2,823) | (2,823) |
| Common stock repurchased | (524) | (13,118) | — | — | (13,642) |
| Common stock dividends | — | — | (10,841) | — | (10,841) |
| Share‑based compensation expense | — | 1,679 | — | — | 1,679 |
| Vesting of restricted stock | 104 | (104) | — | — | — |
| Balance as of June 30, 2026 | 24,986 | $260,066 | $303,070 | $(4,979) | $583,143 |
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