{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-016724","form_type":"8-K","ticker":"ALRS","cik":"0000903419","company_name":"ALERUS FINANCIAL CORP","filed_at":"2023-10-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.346836+00:00","generated_at":"2026-06-09T12:51:42.466507+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Alerus Q3 net income $9.2M ($0.45 EPS); deposits stable at $2.9B, noninterest income up 10.2%","bullets":["Q3 net income $9.2M ($0.45 diluted EPS) vs $9.1M ($0.45) in Q2 and $9.6M ($0.47) in Q3 2022.","Total deposits stable at $2.9B; noninterest-bearing deposits 25%; loan-to-deposit 90.7% with no brokered deposits.","Noninterest income rose 10.2% QoQ including $2.8M gain from sale of ESOP trustee business; core retirement revenue up 3.3%.","Allowance for credit losses 1.39% (up from 1.27% Dec 2022); net recoveries of 0.09% of average loans.","Repurchased $1.2M stock at avg $17.98; CET1 ratio 13.01%."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-016724","json":"https://secwatch.observer/filing/0001558370-23-016724.json","markdown":"https://secwatch.observer/filing/0001558370-23-016724.md","text":"https://secwatch.observer/filing/0001558370-23-016724.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/903419/000155837023016724/0001558370-23-016724-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/903419/000155837023016724/alrs-20231025x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T12:51:42.466507+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":"d66592d420c3ecd851d14d46ece554a6904e41a1","claim":"ALERUS FINANCIAL CORP reported the three and nine months ended September 30, 2023 results: net income $9.2 million, EPS $0.45 per diluted common share.","evidence_excerpt":"Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $9.2 million for the third quarter of 2023, or $0.45 per diluted common share, compared to net income of $9.1 million, or $0.45 per diluted common share, for the second quarter of 2023, and net income of $9.6 million, or $0.47 per diluted common share, for the third quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/903419/000155837023016724/0001558370-23-016724-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three and nine months ended September 30, 2023"},{"label":"Net income","value":"$9.2 million"},{"label":"EPS","value":"$0.45 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"}