Alerus Financial Corporation

Alerus Financial Corporation reported net income of $17.4 million for FY 2025, a slight decrease from $17.8 million in FY 2024. Total revenue, comprising net interest income of $172.5 million and total noninterest income of $51.9 million, was $224.4 million. The company faced a significant net loss of $68.4 million on investment securities, which heavily impacted noninterest income. Net interest income increased substantially from $107.0 million in FY 2024, driven by higher interest income from loans. Total assets stood at $5.23 billion, with total loans of $4.05 billion and total deposits of $4.19 billion. The company maintained a strong capital position with total stockholders' equity of $564.9 million and was well capitalized under regulatory requirements.

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