{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-000524","form_type":"8-K","ticker":"ALRS","cik":"0000903419","company_name":"ALERUS FINANCIAL CORP","filed_at":"2023-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.490453+00:00","generated_at":"2026-06-20T10:15:39.169161+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Alerus Financial Q4 net income $10.9M ($0.53 EPS); full-year earnings down 24%","bullets":["Q4 net income $10.9M, $0.53 diluted EPS vs. $0.47 in Q3 2022 and $0.72 in Q4 2021.","Full-year 2022 net income $40.0M, down 24.1% from $52.7M in 2021; diluted EPS $2.10 vs. $2.97.","Loans grew 39.0% YoY to $2.44B, including $270.4M from Metro Phoenix Bank acquisition.","ROAA 1.17%, NIM (tax-equivalent) 3.09%, efficiency ratio 69.6%; no provision for loan losses in 2022.","Full-year dividend raised 11% to $0.70 per share; over 33% of earnings returned to shareholders."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-000524","json":"https://secwatch.observer/filing/0001558370-23-000524.json","markdown":"https://secwatch.observer/filing/0001558370-23-000524.md","text":"https://secwatch.observer/filing/0001558370-23-000524.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/903419/000155837023000524/0001558370-23-000524-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/903419/000155837023000524/alrs-20230125x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T10:15:39.169161+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0f0e64370b28c2ad4d2d8fca8ee09145dc79939e","claim":"ALERUS FINANCIAL CORP reported Full Year 2022 results: revenue $211.0 million, net income $40.0 million, EPS $2.10.","evidence_excerpt":"in 2021 ◾ Return on average common equity of 11.55%, compared to 15.22% in 2021 ◾ Return on average tangible common equity (1) of 15.09%, compared to 18.89% in 2021 ◾ Revenue of $211.0 million, a decrease of $23.5 million, or 10.0%, compared to $234.5 million in 2021 o Net interest income was $99.7 million, an increase of $12.6 million, or 14.5%, compared to $87.1","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/903419/000155837023000524/0001558370-23-000524-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Full Year 2022"},{"label":"Revenue","value":"$211.0 million"},{"label":"Net income","value":"$40.0 million"},{"label":"EPS","value":"$2.10"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"5b3fbdb265472722f3ac87cf0a08e84cd2777b04","claim":"ALERUS FINANCIAL CORP reported the fourth quarter of 2022 results: net income $10.9 million, EPS $0.53 per diluted common share.","evidence_excerpt":"Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $10.9 million for the fourth quarter of 2022, or $0.53 per diluted common share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/903419/000155837023000524/0001558370-23-000524-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter of 2022"},{"label":"Net income","value":"$10.9 million"},{"label":"EPS","value":"$0.53 per diluted common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}