secwatch.observer — SEC 8-K summary
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Issuer:     ALERUS FINANCIAL CORP (ALRS)
CIK:        0000903419
Form:       8-K
Filed at:   2026-07-29T20:31:38+00:00
Accession:  0001437749-26-024891
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alerus Q2 2026 EPS $0.81, NIM expands 20 bps to 3.97%, dividend raised 4.76%
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- Net income $20.9M ($0.81 diluted EPS) vs $20.3M ($0.78) in Q2 2025; noninterest income $32.9M (40.85% of revenue).
- Net interest margin (tax-equivalent) 3.97%, up 20 bps from Q1 2026; net interest income $47.7M, up 10.9% YoY.
- Nonperforming assets fell 68.3% to $17.1M; NPAs/total assets 0.32% vs 1.02% in Q1 2026.
- Quarterly dividend increased 4.76% to $0.22/share; repurchased $6.8M of stock at avg $27.10.
- Tangible book value per share $18.73, up 16.26% YoY; tangible common equity ratio 9.05%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/903419/000143774926024891/0001437749-26-024891-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/903419/000143774926024891/alrs20260502_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-024891

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