secwatch.observer — SEC 8-K summary
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Issuer:     ALERUS FINANCIAL CORP (ALRS)
CIK:        0000903419
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001558370-24-010053
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/903419/000155837024010053/0001558370-24-010053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/903419/000155837024010053/alrs-20240724x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-010053

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