secwatch.observer — SEC 8-K summary
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Issuer:     ALERUS FINANCIAL CORP (ALRS)
CIK:        0000903419
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001558370-23-006866
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alerus Q1 net income $8.2M ($0.40 EPS), down from $10.9M in Q4 2022
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/903419/000155837023006866/0001558370-23-006866-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/903419/000155837023006866/alrs-20230426x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-006866

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