---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-000469"
form_type: "8-K"
ticker: "ALRS"
cik: "0000903419"
company_name: "ALERUS FINANCIAL CORP"
filed_at: "2024-01-24T23:59:59+00:00"
generated_at: "2026-06-06T19:42:43.649217+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Alerus Q4 net loss $14.8M from $24.6M securities sale; TBV up 8%, deposits grow 7.8%

## Summary
- Net loss $14.8M ($0.73 diluted EPS) vs Q3 net income $9.2M ($0.45); one-time pre-tax loss $24.6M from selling $172.3M securities.
- Total deposits $3.1B, up $223.4M (+7.8% QoQ); total loans $2.8B, up $149.7M (+5.7%); loan/deposit ratio 89.0%.
- Net interest margin expanded 10 bps to 2.37%; net interest income $21.6M (+5.7% QoQ).
- Tangible book value per share $15.46, up 8.0% from Q3; repurchased $2.1M of stock at avg $17.65.
- Full-year 2023 dividends increased to $0.75/sh from $0.70; CEO cites momentum heading into 2024.

## SEC filing metadata
- accession: 0001558370-24-000469
- form_type: 8-K
- ticker: ALRS
- cik: 0000903419
- company_name: ALERUS FINANCIAL CORP
- filed_at: 2024-01-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/903419/000155837024000469/0001558370-24-000469-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903419/000155837024000469/alrs-20240124x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-000469
- JSON: https://secwatch.observer/filing/0001558370-24-000469.json
- Plain text: https://secwatch.observer/filing/0001558370-24-000469.txt

## Key facts
- Earnings Releases
  ALERUS FINANCIAL CORP reported the fourth quarter of 2023 results: net income net loss of $14.8 million, EPS ($0.73) per diluted common share.
  - Period: the fourth quarter of 2023
  - Net income: net loss of $14.8 million
  - EPS: ($0.73) per diluted common share
  - Result: reported results
  source text: Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net loss of $14.8 million for the fourth quarter of 2023, or ($0.73) per diluted common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/903419/000155837024000469/0001558370-24-000469-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.