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.