Alerus Financial Corporation (Nasdaq: ALRS) has reported a net income of $20.3 million for the second quarter of 2025, translating to $0.78 per diluted common share. This marks a significant increase from the first quarter of 2025, where the net income was $13.3 million, or $0.52 per diluted common share. Compared to the second quarter of 2024, where net income was $6.2 million, or $0.31 per diluted common share, the growth is even more pronounced. The company's President and CEO, Katie Lorenson, highlighted the strong progress towards achieving sustained top-tier performance, citing the diversified business model and disciplined execution as key factors. The adjusted earnings per diluted share for the second quarter of 2025 were reported at $0.72, reflecting a 28.6% increase from the previous quarter. Alerus also noted an improved return on average total assets, which was 1.53% in the second quarter, with an adjusted figure of 1.41%, up from 1.10% in the first quarter of 2025. The adjusted return on average tangible common equity rose to 21.0%, compared to 17.6% in the first quarter. The company executed a strategic sale of $62.5 million in non-owner occupied commercial real estate loans, enhancing its balance sheet and risk profile. Additionally, adjusted net charge-offs to average loans remained low at 0.07%. The company continues its long history of dividend increases and reported a growth in tangible book value per share by over 20.0% on an annualized basis compared to the prior quarter.