{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-006866","form_type":"8-K","ticker":"ALRS","cik":"0000903419","company_name":"ALERUS FINANCIAL CORP","filed_at":"2023-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.735619+00:00","generated_at":"2026-06-16T15:00:01.402568+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Alerus Q1 net income $8.2M ($0.40 EPS), down from $10.9M in Q4 2022","bullets":["Net income $8.2M, diluted EPS $0.40 vs $0.53 in Q4 2022 and $0.57 in Q1 2022.","Total deposits $3.0B, up 4.0% from Dec 2022; loan-to-deposit ratio 82.0%.","Net interest margin (tax-equivalent) 2.70%, down from 3.09% in Q4 2022.","Board declared $0.18 quarterly dividend, a 12.5% increase YoY; paid April 14.","Credit quality strong: net charge-offs 3 bps; allowance for credit losses 1.41% of loans."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-006866","json":"https://secwatch.observer/filing/0001558370-23-006866.json","markdown":"https://secwatch.observer/filing/0001558370-23-006866.md","text":"https://secwatch.observer/filing/0001558370-23-006866.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/903419/000155837023006866/0001558370-23-006866-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/903419/000155837023006866/alrs-20230426x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T15:00:01.402568+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":"87187949926a9e80187201a7035d624afdc97d2e","claim":"ALERUS FINANCIAL CORP reported the three months ended March 31, 2023 results: net income $8.2 million, EPS $0.40 per diluted common share.","evidence_excerpt":"MINNEAPOLIS, MN (April 26, 2023) – Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $8.2 million for the first quarter of 2023, or $0.40 per diluted common share, compared to net income of $10.9 million, or $0.53 per diluted common share, for the fourth quarter of 2022, and net income of $10.2 million, or $0.57 per diluted common share, for the first quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/903419/000155837023006866/0001558370-23-006866-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Net income","value":"$8.2 million"},{"label":"EPS","value":"$0.40 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"}