{"filings":[{"id":2520318,"accession_number":"0001437749-26-029099","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2026-08-27T20:02:24+00:00","items":["8.01","9.01"],"status":"ready","headline":"Alerus declares $0.22 quarterly dividend (+4.76% YoY) and authorizes new 1.25M share buyback","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Cash dividend of $0.22/share declared Aug 26, 2026; payable Oct 9, 2026 to record Sept 25, 2026; up 4.76% YoY.","New stock repurchase program authorizes up to 1,250,000 shares, expiring Aug 26, 2029; effective after prior program completes 1M shares or expires.","Prior program had ~320,033 shares remaining as of Aug 26, 2026 and is scheduled to expire Feb 18, 2027.","Repurchases may occur in open market under Rule 10b-18 or via 10b5-1 plans; no obligation to repurchase."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1941596,"accession_number":"0001437749-26-024891","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2026-07-29T20:31:38+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Alerus Q2 2026 EPS $0.81, NIM expands 20 bps to 3.97%, dividend raised 4.76%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $20.9M ($0.81 diluted EPS) vs $20.3M ($0.78) in Q2 2025; noninterest income $32.9M (40.85% of revenue).","Net interest margin (tax-equivalent) 3.97%, up 20 bps from Q1 2026; net interest income $47.7M, up 10.9% YoY.","Nonperforming assets fell 68.3% to $17.1M; NPAs/total assets 0.32% vs 1.02% in Q1 2026.","Quarterly dividend increased 4.76% to $0.22/share; repurchased $6.8M of stock at avg $27.10.","Tangible book value per share $18.73, up 16.26% YoY; tangible common equity ratio 9.05%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":610396,"accession_number":"0001437749-26-018262","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2026-05-22T20:31:27+00:00","items":["8.01","9.01"],"status":"ready","headline":"Alerus Financial increases quarterly dividend 4.76% to $0.22 per share","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Quarterly dividend raised to $0.22 per share, a 4.76% increase over the prior year's payment.","Dividend payable July 10, 2026 to stockholders of record as of June 26, 2026.","Declaration by board of directors occurred on May 21, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":523476,"accession_number":"0001437749-26-017761","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2026-05-19T18:46:02+00:00","items":["8.01","9.01"],"status":"ready","headline":"Alerus sells $33.6M nonperforming loan portfolio, no charge-offs recognized","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Sold three NPLs (construction, land & development) with net book balance of $33.6M as of March 31, 2026.","This relationship was 62.3% of total NPLs and 62.1% of total NPAs; sale would lower NPA/loans ratio from 1.34% to 0.51%.","Specific reserves of $3.1M were carried; no historical or transaction charge-offs; $1.6M nonaccrual interest recognized.","CEO credits credit culture; transaction completed with no charge-offs and significant nonaccrual interest recognized."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":470483,"accession_number":"0001437749-26-017369","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2026-05-15T20:02:55+00:00","items":["5.07","9.01"],"status":"ready","headline":"Alerus holds 2026 annual meeting; all director nominees elected, comp say-on-pay passes","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Nine director nominees elected with votes for ranging from 10.8M to 13.1M; no withhold votes exceeded 3.4M.","Non-binding advisory vote on 2025 named executive officer compensation approved: 13.5M for, 462K against.","Ratification of RSM US LLP as auditor for FY2026 approved: 20.4M for, 244K against.","Quorum of 80.81% (20.65M shares) represented at the May 14, 2026 meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":99608,"accession_number":"0001437749-26-013893","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2026-04-29T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Alerus Financial Q1 net income $23.0M, EPS $0.89, NIM expands to 3.77%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income of $23.0M ($0.89 diluted EPS) vs Q4 2025 net loss of $33.1M ($(1.27)) and Q1 2025 net income of $13.3M ($0.52).","Net interest margin (tax-equivalent) 3.77%, up from 3.69% in Q4 2025; efficiency ratio 63.39%.","Total deposits $4.3B (+3.7% from Dec 2025); core commercial transactional deposits up 8.6% to $1.8B.","Nonperforming assets fell 22.1% to $54.0M; tangible book value per share $18.15, up 3.4%.","Repurchased $6.0M of stock at avg $23.90, reducing shares by 250K; tangible common equity ratio 8.85%."],"consensus_eps_estimate":null,"consensus_eps_actual":0.89,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":115721,"accession_number":"0001437749-26-010637","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2026-03-31T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Alerus extends $50M subordinated note maturity to 2036; rate fixed at 6.75% to 2031","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Modified $50M subordinated note with Bank of North Dakota; maturity extended from March 2031 to March 2036.","Interest rate fixed at 6.75% through March 2031, then resets to FHLB Des Moines 5-yr advance rate plus 3.00%.","Prepayment allowed only after March 2031 or upon specified events; $500K minimum prepayment increments applied.","Representations updated to reflect December 2025 financials and no material adverse change since then.","Proceeds originally used for general corporate purposes and to support subsidiary Alerus Financial, National Association."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":115720,"accession_number":"0001437749-26-005878","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2026-02-26T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Alerus declares quarterly dividend of $0.21/share, a 5% YoY increase","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Dividend of $0.21 per share declared, payable April 10, 2026 to holders of record March 27, 2026.","Represents a 5.00% increase over the dividend paid a year ago.","Regular quarterly dividend maintained with a modest increase."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":115719,"accession_number":"0001437749-26-002314","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2026-01-28T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Alerus Financial Reports Q4 2025 Net Loss of $33.1M, Completes Balance Sheet Repositioning","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2025 net loss of $33.1M due to $68.4M pre-tax loss from sale of $360.1M low-yield securities.","Adjusted diluted EPS of $0.85 vs. $0.66 in Q3 2025; adjusted ROAA of 1.62% vs. 1.28%.","Net interest margin improved to 3.69% from 3.50% QoQ; tangible book value rose 21.54% YoY to $17.55.","Full-year 2025 adjusted efficiency ratio improved to 64.45% from 73.45% in 2024.","Retirement and wealth assets under administration and management reached $49.8 billion."],"consensus_eps_estimate":null,"consensus_eps_actual":0.68,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":132148,"accession_number":"0001437749-25-038838","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2025-12-29T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Alerus sells $360M of AFS securities, takes $68.5M pre-tax loss, boosts 2026 NIM guidance","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Sold $360M in AFS securities (~68% of total) with 1.7% yield and 5.1yr duration.","One-time pre-tax net loss of $68.5M; reinvested proceeds into securities yielding 4.7% with ~3yr duration.","Expects 2026 net interest margin of 3.50-3.60%, up from prior guidance of 3.35-3.45%.","Risk-based capital expected above regulatory limits and internal targets; no impact on tangible capital."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":132147,"accession_number":"0001437749-25-037036","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2025-12-05T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Alerus Financial increases quarterly dividend to $0.21/share, up 5% YoY","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Dividend of $0.21 per share declared, payable Jan 9, 2026 to holders of record Dec 26, 2025.","Represents a 5.00% increase compared to the dividend paid one year ago.","Alerus Financial Corporation (NASDAQ: ALRS) announced the dividend on December 4, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":132146,"accession_number":"0001437749-25-032424","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2025-10-30T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Alerus Q3 2025 net income $16.9M ($0.65 EPS); record net interest income $43.1M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net interest income of $43.1M, a company record; net interest margin stable at 3.50%.","Return on avg tangible common equity (non-GAAP) 18.48%; tangible book value per share $16.90 (up 4.9% QoQ).","Noninterest income 40.6% of total revenues at $29.4M; AUA for retirement/benefits $44.0B (+3.7% QoQ).","Total loans $4.1B (+2.7% YTD); total deposits $4.4B (+0.8% YTD); net charge-offs/recoveries (0.17)%.","CEO cites strong organic growth and diversified model; tangible common equity ratio 8.24%."],"consensus_eps_estimate":null,"consensus_eps_actual":1.95,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148712,"accession_number":"0001437749-25-027938","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2025-08-28T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Alerus Financial declares $0.21 quarterly dividend (+5% YoY) and enters CEO severance agreement","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Quarterly cash dividend $0.21 per share, payable Oct 10, 2025 to holders of record Sept 26, 2025; 5% increase YoY.","Board entered Executive Severance Agreement with CEO Katie A. Lorenson effective Aug 28, 2025.","Severance provides 2x Severance Pay (base + avg bonus + benefits) for termination without cause pre-Change in Control, paid over 12 months.","After a Change in Control, termination provides 2.99x Severance Pay lump sum, with a 24-month evergreen term."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148711,"accession_number":"0001437749-25-023559","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2025-07-28T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Alerus Q2 2025 net income $20.3M ($0.78 EPS); adj. EPS $0.72, up 29% QoQ","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $20.3M vs $13.3M in Q1 2025 and $6.2M in Q2 2024.","Net interest margin expanded to 3.51% from 3.41% QoQ; noninterest income up 15%.","Sold $62.5M of non-owner occupied CRE loans; additional $50.2M hospitality loans sold in July.","Increased quarterly dividend 5% to $0.21 per share (39th consecutive year of increases).","Tangible book value per share rose 5.5% to $16.11; adj. efficiency ratio improved to 62.4%."],"consensus_eps_estimate":null,"consensus_eps_actual":1.3,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167593,"accession_number":"0001437749-25-018163","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2025-05-22T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Alerus Financial increases quarterly dividend to $0.21/share, a 5% YoY increase","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Cash dividend of $0.21 per share declared, payable July 11, 2025 to holders of record June 27, 2025.","Represents a 5.00% increase over the dividend paid a year ago.","Board of directors declared the dividend on May 21, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167592,"accession_number":"0001437749-25-016117","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2025-05-12T23:59:59+00:00","items":["5.03","5.07","9.01"],"status":"ready","headline":"Alerus Financial stockholders approve doubling of authorized shares to 60M; annual meeting results","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Stockholders approved amendment increasing authorized common shares from 30M to 60M, filed with Delaware on May 8, 2025.","Director John Uribe received 7.96M for votes vs 8.46M withheld; other 8 directors easily re-elected.","Say-on-pay approved with ~92% support; company will hold annual advisory vote through 2031.","Ratification of RSM US LLP as independent auditor for FY2025 passed with 21.18M votes for.","Quorum of 85.32% (21.77M shares) represented at the annual meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167591,"accession_number":"0001437749-25-013342","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2025-04-28T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Alerus Q1 2025 net income $13.3M ($0.52 EPS); adjusted EPS $0.56, up 24.4% QoQ","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["EPS $0.52 diluted; adjusted EPS $0.56, up 24.4% from Q4 2024.","NIM 3.41% (+21bps QoQ); loans $4.1B (+2.3%), deposits $4.5B (+2.4%).","NPL ratio improved to 1.24% (1.58% Dec); net charge-offs 0.04% vs 0.13% prior qtr.","Tangible book value $15.27 (+5.7% QoQ); dividend $0.20/sh declared.","Adjusted efficiency ratio improved to 66.9% from 69.0% QoQ; ROA 1.02%."],"consensus_eps_estimate":null,"consensus_eps_actual":0.52,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":184880,"accession_number":"0001437749-25-007626","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K/A","filed_at":"2025-03-14T23:59:59+00:00","items":["2.02","7.01"],"status":"ready","headline":"Alerus Financial amends Q4/FY2024 earnings to correct goodwill accounting from HMNF acquisition","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Correction stems from accrued contract termination expenses wrongly included in goodwill under ASC 805-20-25-2.","Q4 2024 net income revised from $3.2M to -$0.07M; FY2024 net income from $21.1M to $17.8M.","Goodwill as of Dec 31, 2024 reduced by ~$1.9M to $85.6M; retained earnings lowered by $3.3M.","Adjusted net income (non-GAAP) unchanged at $30.98M for FY2024; no material impact.","Company identified error while preparing Form 10-K; corrected in this 8-K/A."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":184882,"accession_number":"0001437749-25-005290","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2025-02-27T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Alerus Financial declares $0.20 quarterly dividend, 5.26% increase","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Dividend of $0.20 per share announced, a 5.26% increase over the prior year's dividend.","Payable on April 11, 2025 to stockholders of record as of March 14, 2025.","The dividend is a regular quarterly cash dividend declared by the Board."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":184881,"accession_number":"0001437749-25-002040","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2025-01-28T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Alerus Q4 adjusted EPS $0.44, up 42% QoQ; 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pro forma EPS accretive","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Each HMNF share exchanged for 1.25 Alerus shares; total consideration ~$127.0M at $22.90/share.","Preliminary goodwill of $59.0M and core deposit intangible of $29.4M (10-year amortization) recorded.","Pro forma combined net income $28.3M (diluted EPS $1.11) for 9M 2024 vs Alerus standalone $0.89.","Combined assets $5.18B, deposits $4.28B as of Sep 30, 2024 pro forma.","Transaction closed Oct 9, 2024; this amended 8-K provides required financial statements."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201479,"accession_number":"0001437749-24-037248","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2024-12-11T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Alerus Financial declares $0.20 quarterly dividend, up 5.26% YoY","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Cash dividend of $0.20 per common share declared on December 11, 2024.","Dividend represents a 5.26% increase over the prior year's quarterly dividend.","Payable on January 17, 2025 to stockholders of record as of December 27, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201478,"accession_number":"0001437749-24-032486","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2024-10-29T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Alerus Q3 net income $5.2M ($0.26) down 44% YoY; closes HMN Financial acquisition","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $5.2M, $0.26 diluted EPS, vs $9.2M ($0.45) in Q3 2023 and $6.2M ($0.31) in Q2 2024.","Completed acquisition of HMN Financial on Oct 9, expanding into Rochester, MN; now $5.5B assets, $3.8B loans, $4.3B deposits.","Noninterest income $28.4M (55.7% of revenue), up 3.6% QoQ; AUA/AUM $45.6B, up 4.8% from Q2.","Tangible book value $16.50, up 6.7% from year-end; CET1 ratio 11.12%.","Net charge-offs 0.04% vs 0.36% in Q2; nonaccrual loans increased from two large relationships."],"consensus_eps_estimate":null,"consensus_eps_actual":0.89,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201477,"accession_number":"0001437749-24-030957","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2024-10-09T23:59:59+00:00","items":["2.01","5.02","7.01","9.01"],"status":"ready","headline":"Alerus completes acquisition of HMNF for ~$128.8M in stock; adds director","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["All-stock acquisition valued at ~$128.8M; HMNF shareholders received 1.25 ALRS shares per HMNF share.","HMNF had $1.1B assets, $876.6M loans, $983.2M deposits as of June 30, 2024.","Combined entity: ~$5.5B total assets, $3.8B loans, $4.3B deposits, $43.6B AUA/AUM, 29 locations.","Jeffrey Bolton (former Mayo Clinic CAO/CFO) appointed to Alerus board, effective immediately.","Account conversion expected Q4 2024; Alerus' largest bank acquisition and 26th since 2000."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":217476,"accession_number":"0001104659-24-103191","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2024-09-26T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Alerus and HMN Financial receive stockholder and regulatory approvals for merger; close expected early Q4 2024","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Stockholders of both Alerus and HMNF approved the all-stock merger during special meetings on September 12, 2024.","All necessary regulatory approvals have been received; closing expected early Q4 2024 subject to customary conditions.","Combined company will have ~$5.5B total assets, $3.7B loans, $4.3B deposits, and $43.1B assets under administration.","Addition of Home Federal's 12 branches expands Alerus' footprint to 29 locations across the Midwest and Arizona.","Transaction unanimously approved by both boards; management cites shared values and client service commitment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":217475,"accession_number":"0001104659-24-099747","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2024-09-13T23:59:59+00:00","items":["5.07","9.01"],"status":"ready","headline":"Alerus stockholders approve merger with HMN Financial at special meeting","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Stockholders voted 14,996,524 for (97.8% of votes cast) to adopt the merger with HMN Financial.","Approximately 76.98% of outstanding shares (19.9M) were represented, meeting quorum.","Adjournment proposal passed with 14,457,073 votes for, 698,480 against, 171,749 abstentions.","Completion of the merger remains subject to satisfaction or waiver of customary closing conditions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":217474,"accession_number":"0001558370-24-012416","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2024-08-21T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Alerus Financial declares $0.20 quarterly dividend, a 5.26% YoY increase","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Quarterly cash dividend of $0.20 per share declared on August 20, 2024.","Dividend is a 5.26% increase over the $0.19 paid a year ago.","Payable on October 11, 2024 to shareholders of record as of September 13, 2024.","Ex-dividend date implied as September 13, 2024 (record date)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":217473,"accession_number":"0001558370-24-010053","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2024-07-24T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Alerus reports Q2 2024 net income $6.2M ($0.31 EPS); 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director Kevin Lemke not seeking reelection","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Kevin Lemke will not stand for reelection at 2024 annual meeting; no disagreement with company.","Forrest Wilson appointed EVP & Chief Retirement Services Officer, effective February 26, 2024.","Wilson previously SVP of Retirement Plans Sales at Ameritas; over 25 years retirement industry experience.","Wilson's division serves 8,000+ retirement plans and approximately 474,000 participants nationwide.","Wilson receives cash signing bonus and sign-on restricted stock vesting over 3 years (Dec 2025-2027)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":254885,"accession_number":"0001104659-24-024895","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2024-02-16T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Director Michael Mathews resigns from Alerus board to avoid conflict from new role","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Mathews notified resignation on Feb 14, 2024, effective immediately.","Resignation to avoid conflict of interest from accepting a position at an investment banking organization owned by a regional bank.","No disagreement with Alerus' operations, policies, or practices cited.","Board seat vacancy created; no replacement announced."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":254884,"accession_number":"0001558370-24-000469","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2024-01-24T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Alerus Q4 net loss $14.8M from $24.6M securities sale; TBV up 8%, deposits grow 7.8%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss $14.8M ($0.73 diluted EPS) vs Q3 net income $9.2M ($0.45); one-time pre-tax loss $24.6M from selling $172.3M securities.","Total deposits $3.1B, up $223.4M (+7.8% QoQ); total loans $2.8B, up $149.7M (+5.7%); loan/deposit ratio 89.0%.","Net interest margin expanded 10 bps to 2.37%; net interest income $21.6M (+5.7% QoQ).","Tangible book value per share $15.46, up 8.0% from Q3; repurchased $2.1M of stock at avg $17.65.","Full-year 2023 dividends increased to $0.75/sh from $0.70; CEO cites momentum heading into 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":0.58,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2023-FY","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":272374,"accession_number":"0001104659-23-127332","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2023-12-19T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Alerus sells $172.3M securities, records $24.7M pre-tax loss to reposition balance sheet","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Sold $172.3M of available-for-sale securities; pre-tax net loss of $24.7M.","Proceeds to fund loan growth and pay down borrowings.","Weighted-average yield on securities sold was 2.66%; earn-back period 3.7 years vs remaining life 6.1 years.","Restructuring has no impact on tangible capital, improves net interest margin, positions for higher 2024 earnings.","Company notes quarterly dividend and share repurchase authorization of up to 1M shares."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":272373,"accession_number":"0001558370-23-019768","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2023-12-14T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Alerus Financial declares $0.19 dividend (+5.56% YoY) and new share repurchase program","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Declared $0.19/share cash dividend, 5.56% increase over prior year; 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Sorum and Uribe appointed effective Dec. 13, 2023.","Sorum: 40 years financial services, most recently head of sales at Thrivent Advisors.","Uribe: 30+ years finance, currently CFO of Blue Cross Blue Shield of Minnesota.","Both directors determined independent under Nasdaq listing standards.","Board froze two deferred compensation plans and adopted a new plan effective Dec. 31, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":272371,"accession_number":"0001558370-23-016724","cik":903419,"company_name":"ALERUS FINANCIAL CORP","ticker":"ALRS","form_type":"8-K","filed_at":"2023-10-25T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Alerus Q3 net income $9.2M ($0.45 EPS); 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full-year earnings down 24%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net income $10.9M, $0.53 diluted EPS vs. $0.47 in Q3 2022 and $0.72 in Q4 2021.","Full-year 2022 net income $40.0M, down 24.1% from $52.7M in 2021; diluted EPS $2.10 vs. $2.97.","Loans grew 39.0% YoY to $2.44B, including $270.4M from Metro Phoenix Bank acquisition.","ROAA 1.17%, NIM (tax-equivalent) 3.09%, efficiency ratio 69.6%; no provision for loan losses in 2022.","Full-year dividend raised 11% to $0.70 per share; over 33% of earnings returned to shareholders."],"consensus_eps_estimate":null,"consensus_eps_actual":2.1,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2022-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":721443454.8921636,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2023-01-25T23:59:59+00:00|328668"}