secwatch.observer — SEC 8-K summary
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Issuer:     ALERUS FINANCIAL CORP (ALRS)
CIK:        0000903419
Form:       8-K/A
Filed at:   2024-12-19T23:59:59+00:00
Accession:  0001437749-24-037956
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/903419/000143774924037956/0001437749-24-037956-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/903419/000143774924037956/alrs20241213_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-037956

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