---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-002314"
form_type: "8-K"
ticker: "ALRS"
cik: "0000903419"
company_name: "ALERUS FINANCIAL CORP"
filed_at: "2026-01-28T23:59:59+00:00"
generated_at: "2026-05-16T07:18:54.017108+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Alerus Financial Reports Q4 2025 Net Loss of $33.1M, Completes Balance Sheet Repositioning

## Summary
- Q4 2025 net loss of $33.1M due to $68.4M pre-tax loss from sale of $360.1M low-yield securities.
- Adjusted diluted EPS of $0.85 vs. $0.66 in Q3 2025; adjusted ROAA of 1.62% vs. 1.28%.
- Net interest margin improved to 3.69% from 3.50% QoQ; tangible book value rose 21.54% YoY to $17.55.
- Full-year 2025 adjusted efficiency ratio improved to 64.45% from 73.45% in 2024.
- Retirement and wealth assets under administration and management reached $49.8 billion.

## SEC filing metadata
- accession: 0001437749-26-002314
- form_type: 8-K
- ticker: ALRS
- cik: 0000903419
- company_name: ALERUS FINANCIAL CORP
- filed_at: 2026-01-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/903419/000143774926002314/0001437749-26-002314-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903419/000143774926002314/alrs20251112c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-002314
- JSON: https://secwatch.observer/filing/0001437749-26-002314.json
- Plain text: https://secwatch.observer/filing/0001437749-26-002314.txt

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