Filing Flows › Alerus Financial (ALRS) › Q3 2026
Alerus Financial (ALRS) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Alerus Financial (ALRS) reported revenue of $81.1M for the third quarter 2026 (Q3 2026), +12% from a year earlier and +0.5% from the quarter before. Operating margin was 30.8%, net earnings $19.2M (23.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $81.1M | +0.5% | +12% |
| Operating profit | $25.0M | -8% | +14% |
| Net earnings | $19.2M | -8% | +13% |
| Operating cash flow | $51.3M | +176% | +56% |
What changed
Revenue was $81.1M in Q3 2026, up 12% year over year and up 1% from the previous quarter. Net interest income was the largest line at 58% of revenue. Noninterest income added $4.9M year over year (up 17%), 58% of the total change.
Operating profit was $25.0M, a 30.8% margin (up 0.5 points year over year). Of the extra revenue versus a year earlier, 35% reached operating profit, above the 30% margin then. Total costs grew 11% against revenue growth of 12%. Net earnings were $19.2M, up 13% year over year. The effective tax rate was 23.2%.
Operating cash flow was $51.3M (up 56% year over year), 267% of net earnings. Non-cash charges added back $3.4M of depreciation and amortization and $748K of share-based compensation. Working capital and other items added $28.0M. Capital expenditures of −$1.5M left free cash flow of $52.7M.
Questions
What was Alerus Financial's revenue in the third quarter 2026?
Alerus Financial (ALRS) reported revenue of $81.1M for the third quarter 2026 (Q3 2026), +12% from a year earlier and +0.5% from the quarter before.
Was Alerus Financial profitable in the third quarter 2026?
Operating profit was $25.0M (30.8% of revenue) and net earnings $19.2M.
Source: Alerus Financial 10-Q on SEC EDGAR.