---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-013342"
form_type: "8-K"
ticker: "ALRS"
cik: "0000903419"
company_name: "ALERUS FINANCIAL CORP"
filed_at: "2025-04-28T23:59:59+00:00"
generated_at: "2026-05-23T05:33:06.290037+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alerus Q1 2025 net income $13.3M ($0.52 EPS); adjusted EPS $0.56, up 24.4% QoQ

## Summary
- 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%.

## SEC filing metadata
- accession: 0001437749-25-013342
- form_type: 8-K
- ticker: ALRS
- cik: 0000903419
- company_name: ALERUS FINANCIAL CORP
- filed_at: 2025-04-28T23:59:59+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/903419/000143774925013342/0001437749-25-013342-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903419/000143774925013342/alrs20250326_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-013342
- JSON: https://secwatch.observer/filing/0001437749-25-013342.json
- Plain text: https://secwatch.observer/filing/0001437749-25-013342.txt

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