secwatch.observer — SEC 8-K summary
======================================

Issuer:     ALERUS FINANCIAL CORP (ALRS)
CIK:        0000903419
Form:       8-K
Filed at:   2025-04-28T23:59:59+00:00
Accession:  0001437749-25-013342
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/903419/000143774925013342/0001437749-25-013342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/903419/000143774925013342/alrs20250326_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-013342

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer