secwatch.observer — SEC 8-K summary
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Issuer:     ALERUS FINANCIAL CORP (ALRS)
CIK:        0000903419
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0001558370-24-000469
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/903419/000155837024000469/0001558370-24-000469-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/903419/000155837024000469/alrs-20240124x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-000469

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer