{"filings":[{"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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