secwatch.observer — SEC 8-K summary
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Issuer:     ALERUS FINANCIAL CORP (ALRS)
CIK:        0000903419
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001437749-26-013893
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alerus Financial Q1 net income $23.0M, EPS $0.89, NIM expands to 3.77%
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- Net income of $23.0M ($0.89 diluted EPS) vs Q4 2025 net loss of $33.1M ($(1.27)) and Q1 2025 net income of $13.3M ($0.52).
- Net interest margin (tax-equivalent) 3.77%, up from 3.69% in Q4 2025; efficiency ratio 63.39%.
- Total deposits $4.3B (+3.7% from Dec 2025); core commercial transactional deposits up 8.6% to $1.8B.
- Nonperforming assets fell 22.1% to $54.0M; tangible book value per share $18.15, up 3.4%.
- Repurchased $6.0M of stock at avg $23.90, reducing shares by 250K; tangible common equity ratio 8.85%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/903419/000143774926013893/0001437749-26-013893-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/903419/000143774926013893/alrs20260305_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-013893

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