Exhibit 99.1 FOR RELEASE (7.29.2026) ALERUS FINANCIAL CORPORATION REPORTS SECOND QUARTER 2026 NET INCOME OF $20.9 MILLION MINNEAPOLIS, MN (July 29, 2026) – Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $20.9 million for the second quarter of 2026, or $0.81 per diluted common share, compared to net income of $23.0 million, or $0.89 per diluted common share, for the first quarter of 2026, and net income of $20.3 million, or $0.78 per diluted common share, for the second q ...