{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-032486","form_type":"8-K","ticker":"ALRS","cik":"0000903419","company_name":"ALERUS FINANCIAL CORP","filed_at":"2024-10-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.335094+00:00","generated_at":"2026-05-30T09:32:22.706516+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Alerus Q3 net income $5.2M ($0.26) down 44% YoY; closes HMN Financial acquisition","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-032486","json":"https://secwatch.observer/filing/0001437749-24-032486.json","markdown":"https://secwatch.observer/filing/0001437749-24-032486.md","text":"https://secwatch.observer/filing/0001437749-24-032486.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/903419/000143774924032486/0001437749-24-032486-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/903419/000143774924032486/alrs20240918_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T09:32:22.706516+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}