---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-010053"
form_type: "8-K"
ticker: "ALRS"
cik: "0000903419"
company_name: "ALERUS FINANCIAL CORP"
filed_at: "2024-07-24T23:59:59+00:00"
generated_at: "2026-05-31T17:43:24.137722+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Alerus reports Q2 2024 net income $6.2M ($0.31 EPS); dividend raised 5.26% to $0.20

## Summary
- Net income $6.2M ($0.31 diluted EPS) vs $6.4M ($0.32) in Q1 and $9.1M ($0.45) year ago.
- Net interest margin (tax-equiv) expanded to 2.39% from 2.30% QoQ; adjusted NIM up 13 bps to 2.57%.
- Total deposits +6.6% to $3.3B, loans +5.7% to $2.9B from year-end; brokered deposits remain $0.
- Noninterest income 53.3% of revenues, total revenues +8% sequentially; expenses -0.7% QoQ.
- Quarterly dividend increased 5.26% to $0.20/share; CET1 11.67%, ACL 1.31% of loans.

## SEC filing metadata
- accession: 0001558370-24-010053
- form_type: 8-K
- ticker: ALRS
- cik: 0000903419
- company_name: ALERUS FINANCIAL CORP
- filed_at: 2024-07-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/903419/000155837024010053/0001558370-24-010053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903419/000155837024010053/alrs-20240724x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-010053
- JSON: https://secwatch.observer/filing/0001558370-24-010053.json
- Plain text: https://secwatch.observer/filing/0001558370-24-010053.txt

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