---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-023559"
form_type: "8-K"
ticker: "ALRS"
cik: "0000903419"
company_name: "ALERUS FINANCIAL CORP"
filed_at: "2025-07-28T23:59:59+00:00"
generated_at: "2026-05-18T00:42:36.487688+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alerus Q2 2025 net income $20.3M ($0.78 EPS); adj. EPS $0.72, up 29% QoQ

## Summary
- Net income $20.3M vs $13.3M in Q1 2025 and $6.2M in Q2 2024.
- Net interest margin expanded to 3.51% from 3.41% QoQ; noninterest income up 15%.
- Sold $62.5M of non-owner occupied CRE loans; additional $50.2M hospitality loans sold in July.
- Increased quarterly dividend 5% to $0.21 per share (39th consecutive year of increases).
- Tangible book value per share rose 5.5% to $16.11; adj. efficiency ratio improved to 62.4%.

## SEC filing metadata
- accession: 0001437749-25-023559
- form_type: 8-K
- ticker: ALRS
- cik: 0000903419
- company_name: ALERUS FINANCIAL CORP
- filed_at: 2025-07-28T23:59:59+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/903419/000143774925023559/0001437749-25-023559-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903419/000143774925023559/alrs20250515_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-023559
- JSON: https://secwatch.observer/filing/0001437749-25-023559.json
- Plain text: https://secwatch.observer/filing/0001437749-25-023559.txt

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