Alerus Financial Corporation declared a regular quarterly cash dividend of $0.22 per share, representing a 4.76% increase over the prior year's payout. The dividend is payable on October 9, 2026, to stockholders of record as of September 25, 2026. Additionally, the Board approved a new stock repurchase program authorizing the purchase of up to 1,250,000 shares, which will become effective upon the completion or termination of the existing program and expires on August 26, 2029. Alerus Financial Corporation operates as a commercial wealth bank and national retirement services provider.

Alerus Financial Corporation reported second quarter 2026 net income of $20.9 million, or $0.81 per diluted share, compared to $23.0 million in the first quarter and $20.3 million a year prior. The company increased its quarterly dividend by 4.76% to $0.22 per share. Net interest margin expanded 20 basis points to 3.97%, while noninterest income rose 6.8% to $32.9 million. Nonperforming assets decreased significantly to $17.1 million, and the company repurchased $6.8 million of common stock during the quarter. Alerus Financial Corporation operates as a commercial wealth advisory services bank and national retirement and benefit services provider.