---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-002040"
form_type: "8-K"
ticker: "ALRS"
cik: "0000903419"
company_name: "ALERUS FINANCIAL CORP"
filed_at: "2025-01-28T23:59:59+00:00"
generated_at: "2026-05-27T08:51:05.080151+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alerus Q4 adjusted EPS $0.44, up 42% QoQ; NIM expands 97bps to 3.20%

## Summary
- Net income $3.2M ($0.13 diluted GAAP EPS) vs Q3 $5.2M ($0.26); adjusted EPS $0.44 vs $0.31.
- Completed HMNF acquisition; total loans $4.0B (+31.7% QoQ), deposits $4.4B (+31.7%).
- Net interest margin 3.20% vs 2.23% prior quarter; noninterest income $33.9M (+19.4% QoQ).
- Adjusted efficiency ratio improved to 69.0% from 77.7% in Q3; full-year dividends $0.79 (+5.3%).

## SEC filing metadata
- accession: 0001437749-25-002040
- form_type: 8-K
- ticker: ALRS
- cik: 0000903419
- company_name: ALERUS FINANCIAL CORP
- filed_at: 2025-01-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/903419/000143774925002040/0001437749-25-002040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903419/000143774925002040/alrs20250106_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-002040
- JSON: https://secwatch.observer/filing/0001437749-25-002040.json
- Plain text: https://secwatch.observer/filing/0001437749-25-002040.txt

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