Filing Flows › Alerus Financial (ALRS) › Q3 2026 › vs Q3 2025
Alerus Financial (ALRS) Q3 2026 vs Q3 2025 (year over year)
Alerus Financial's revenue rose $8.5M (+12%) from $72.6M in Q3 2025 to $81.1M in Q3 2026. The biggest changes: Noninterest income +$4.9M (+17%); Net interest income +$3.6M (+8%). Operating margin 30.8% against 30.4% (+0.5 pts).
Alerus Financial, Q3 2026: revenue $81.1M (+12% year over year), operating margin 30.8%, net earnings $19.2M, operating cash flow $51.3M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 30.8% | 30.4% | +0.5 pts |
| Net margin | 23.7% | 23.3% | +0.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Net interest income | $46.7M | $43.1M | $3.6M | +8% |
| Noninterest income | $34.4M | $29.4M | $4.9M | +17% |
| Revenue | $81.1M | $72.6M | $8.5M | +12% |
| Operating profit | $25.0M | $22.0M | $3.0M | +14% |
| Costs & expenses | $56.1M | $50.5M | $5.5M | +11% |
| Pre-tax earnings | $25.0M | $22.0M | $3.0M | +14% |
| Credit loss provision | $2.2M | $0 | $2.2M | — |
| Noninterest expense | $53.9M | $50.5M | $3.3M | +7% |
| Net earnings | $19.2M | $16.9M | $2.3M | +13% |
| Income tax | $5.8M | $5.1M | $705K | +14% |
| Depreciation & amortization | $3.4M | $3.9M | −$521K | -13% |
| Share-based compensation | $748K | $780K | −$32K | -4% |
| Working capital & other | $28.0M | $11.2M | $16.8M | +150% |
| Operating cash flow | $51.3M | $32.8M | $18.5M | +56% |
Questions
How much did Alerus Financial's revenue grow year over year in Q3 2026?
Alerus Financial's revenue rose $8.5M (+12%) from $72.6M in Q3 2025 to $81.1M in Q3 2026.
What drove Alerus Financial's revenue change in Q3 2026?
Noninterest income +$4.9M (+17%); Net interest income +$3.6M (+8%).