secwatch.observer — SEC 8-K summary
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Issuer:     ALERUS FINANCIAL CORP (ALRS)
CIK:        0000903419
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001558370-24-005611
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alerus Financial Q1 2024 net income $6.4M ($0.32 EPS) vs $14.8M loss in Q4 2023
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- Total deposits rose 6.1% to $3.3B from Dec 2023; brokered deposits at $0.
- Adjusted net interest margin (tax-equivalent) expanded 7 bps to 2.44%.
- Fee income represented 53.3% of total revenue; all business lines grew.
- CET1 ratio 11.86%; allowance for credit losses to loans 1.31%.
- Tangible book value per share $15.63, up 1.1% from Dec 2023 and 7.8% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/903419/000155837024005611/0001558370-24-005611-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/903419/000155837024005611/alrs-20240424x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-005611

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