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Investing.com - Keefe, Bruyette & Woods raised its price target on Alerus Financial Corp . (NASDAQ:ALRS) to $25.00 from $22.00 while maintaining a Market Perform rating.
The firm cited stronger pre-provision net revenue (PPNR) and a lower provision that helped Alerus post operating earnings of $0.72 per share, exceeding market expectations.
Alerus benefited from improved net interest income due to core margin expansion and elevated fair value accretion on acquired loans, according to the research note.
The bank’s loan balances remained flat quarter-over-quarter, excluding the sale of approximately $60 million of acquired non-owner occupied commercial real estate loans. Commercial and industrial loans grew at a 12% linked-quarter annualized rate, while consumer loans increased at a 5% rate, offsetting declines in commercial real estate loans.
Credit trends remained stable with flat non-performing loans and net charge-offs driven by the sold loans, while the firm’s outlook for better net interest margin, improved fee income, and expense trends led to the upward revision in estimates.
In other recent news, Alerus Financial Corp reported stronger-than-expected financial results for the second quarter of 2025. The company achieved adjusted earnings per share of $0.72, surpassing analyst forecasts of $0.55. Additionally, Alerus Financial’s revenue reached $74.79 million, exceeding the anticipated $69.98 million. These figures indicate a solid performance for the quarter. The positive earnings announcement has been a significant development for the company, attracting attention from investors. The results reflect the company’s ability to outperform market expectations. This news comes amid various updates in the financial sector, highlighting Alerus Financial’s recent achievements.
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