---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-037956"
form_type: "8-K/A"
ticker: "ALRS"
cik: "0000903419"
company_name: "ALERUS FINANCIAL CORP"
filed_at: "2024-12-19T23:59:59+00:00"
generated_at: "2026-05-29T01:53:18.439487+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Alerus closes $127M acquisition of HMN Financial; pro forma EPS accretive

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-037956
- form_type: 8-K/A
- ticker: ALRS
- cik: 0000903419
- company_name: ALERUS FINANCIAL CORP
- filed_at: 2024-12-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/903419/000143774924037956/0001437749-24-037956-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903419/000143774924037956/alrs20241213_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-037956
- JSON: https://secwatch.observer/filing/0001437749-24-037956.json
- Plain text: https://secwatch.observer/filing/0001437749-24-037956.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.