ALRS ALERUS FINANCIAL CORP

CIK 0000903419 50 ready 8-Ks latest August 27, 2026, 4:02 PM ET RSS · JSON

Activity: NORMAL 1 filings / 30d vs 1 baseline

Ready 8-Ks 50

Latest filing August 27, 2026, 4:02 PM ET

Top materiality 0.90

Event mix dividend ×15 · earnings ×15 · other_material ×6

Sentiment 30 pos · 5 neg · 15 neu

Latest earnings reported 2026-Q1

Executive change recent →

Recent 8-K filings for ALRS

Highest-materiality recent filing

Alerus Financial Reports Q4 2025 Net Loss of $33.1M, Completes Balance Sheet Repositioning

January 28, 2026, 6:59 PM ET earnings materiality 0.90 negative item 2.02 item 7.01 item 9.01

Q4 2025 net loss of $33.1M due to $68.4M pre-tax loss from sale of $360.1M low-yield securities.
Adjusted diluted EPS of $0.85 vs. $0.66 in Q3 2025; adjusted ROAA of 1.62% vs. 1.28%.

Read filing →

August 27, 2026, 4:02 PM ET dividend materiality 0.50 positive item 8.01 item 9.01

Alerus declares $0.22 quarterly dividend (+4.76% YoY) and authorizes new 1.25M share buyback

Cash dividend of $0.22/share declared Aug 26, 2026; payable Oct 9, 2026 to record Sept 25, 2026; up 4.76% YoY.
July 29, 2026, 4:31 PM ET earnings materiality 0.75 positive item 2.02 item 7.01 item 9.01

Alerus Q2 2026 EPS $0.81, NIM expands 20 bps to 3.97%, dividend raised 4.76%

Net income $20.9M ($0.81 diluted EPS) vs $20.3M ($0.78) in Q2 2025; noninterest income $32.9M (40.85% of revenue).
May 22, 2026, 4:31 PM ET dividend materiality 0.30 positive item 8.01 item 9.01

Alerus Financial increases quarterly dividend 4.76% to $0.22 per share

Quarterly dividend raised to $0.22 per share, a 4.76% increase over the prior year's payment.
May 19, 2026, 2:46 PM ET other material materiality 0.75 positive item 8.01 item 9.01

Alerus sells $33.6M nonperforming loan portfolio, no charge-offs recognized

Sold three NPLs (construction, land & development) with net book balance of $33.6M as of March 31, 2026.
May 15, 2026, 4:02 PM ET other materiality 0.10 neutral item 5.07 item 9.01 ◈ Shareholder Votes ×3

Alerus holds 2026 annual meeting; all director nominees elected, comp say-on-pay passes

Nine director nominees elected with votes for ranging from 10.8M to 13.1M; no withhold votes exceeded 3.4M.
April 29, 2026, 7:59 PM ET earnings materiality 0.75 positive item 2.02 item 7.01 item 9.01 ◈ Earnings Releases

Alerus Financial Q1 net income $23.0M, EPS $0.89, NIM expands to 3.77%

Net income of $23.0M ($0.89 diluted EPS) vs Q4 2025 net loss of $33.1M ($(1.27)) and Q1 2025 net income of $13.3M ($0.52).
March 31, 2026, 7:59 PM ET debt materiality 0.55 neutral item 1.01 item 2.03 item 9.01 ◈ Debt Financings◈ Material Agreements

Alerus extends $50M subordinated note maturity to 2036; rate fixed at 6.75% to 2031

Modified $50M subordinated note with Bank of North Dakota; maturity extended from March 2031 to March 2036.
February 26, 2026, 6:59 PM ET dividend materiality 0.55 positive item 8.01 item 9.01

Alerus declares quarterly dividend of $0.21/share, a 5% YoY increase

Dividend of $0.21 per share declared, payable April 10, 2026 to holders of record March 27, 2026.
January 28, 2026, 6:59 PM ET earnings materiality 0.90 negative item 2.02 item 7.01 item 9.01

Alerus Financial Reports Q4 2025 Net Loss of $33.1M, Completes Balance Sheet Repositioning

Q4 2025 net loss of $33.1M due to $68.4M pre-tax loss from sale of $360.1M low-yield securities.
December 29, 2025, 6:59 PM ET other material materiality 0.75 positive item 7.01 item 9.01

Alerus sells $360M of AFS securities, takes $68.5M pre-tax loss, boosts 2026 NIM guidance

Sold $360M in AFS securities (~68% of total) with 1.7% yield and 5.1yr duration.
December 5, 2025, 6:59 PM ET dividend materiality 0.45 positive item 8.01 item 9.01

Alerus Financial increases quarterly dividend to $0.21/share, up 5% YoY

Dividend of $0.21 per share declared, payable Jan 9, 2026 to holders of record Dec 26, 2025.
October 30, 2025, 7:59 PM ET earnings materiality 0.65 positive item 2.02 item 7.01 item 9.01

Alerus Q3 2025 net income $16.9M ($0.65 EPS); record net interest income $43.1M

Net interest income of $43.1M, a company record; net interest margin stable at 3.50%.
August 28, 2025, 7:59 PM ET dividend materiality 0.60 positive item 8.01 item 9.01

Alerus Financial declares $0.21 quarterly dividend (+5% YoY) and enters CEO severance agreement

Quarterly cash dividend $0.21 per share, payable Oct 10, 2025 to holders of record Sept 26, 2025; 5% increase YoY.
July 28, 2025, 7:59 PM ET earnings materiality 0.75 positive item 2.02 item 7.01 item 9.01

Alerus Q2 2025 net income $20.3M ($0.78 EPS); adj. EPS $0.72, up 29% QoQ

Net income $20.3M vs $13.3M in Q1 2025 and $6.2M in Q2 2024.
May 22, 2025, 7:59 PM ET dividend materiality 0.45 positive item 8.01 item 9.01

Alerus Financial increases quarterly dividend to $0.21/share, a 5% YoY increase

Cash dividend of $0.21 per share declared, payable July 11, 2025 to holders of record June 27, 2025.
May 12, 2025, 7:59 PM ET other material materiality 0.30 neutral item 5.03 item 5.07 item 9.01 ◈ Governance Changes

Alerus Financial stockholders approve doubling of authorized shares to 60M; annual meeting results

Stockholders approved amendment increasing authorized common shares from 30M to 60M, filed with Delaware on May 8, 2025.
April 28, 2025, 7:59 PM ET earnings materiality 0.75 positive item 2.02 item 7.01 item 9.01

Alerus Q1 2025 net income $13.3M ($0.52 EPS); adjusted EPS $0.56, up 24.4% QoQ

EPS $0.52 diluted; adjusted EPS $0.56, up 24.4% from Q4 2024.
March 14, 2025, 7:59 PM ET other material materiality 0.65 negative item 2.02 item 7.01

Alerus Financial amends Q4/FY2024 earnings to correct goodwill accounting from HMNF acquisition

Correction stems from accrued contract termination expenses wrongly included in goodwill under ASC 805-20-25-2.
February 27, 2025, 6:59 PM ET dividend materiality 0.40 positive item 8.01 item 9.01

Alerus Financial declares $0.20 quarterly dividend, 5.26% increase

Dividend of $0.20 per share announced, a 5.26% increase over the prior year's dividend.
January 28, 2025, 6:59 PM ET earnings materiality 0.75 positive item 2.02 item 7.01 item 9.01

Alerus Q4 adjusted EPS $0.44, up 42% QoQ; NIM expands 97bps to 3.20%

Net income $3.2M ($0.13 diluted GAAP EPS) vs Q3 $5.2M ($0.26); adjusted EPS $0.44 vs $0.31.
December 19, 2024, 6:59 PM ET M&A materiality 0.80 positive item 9.01

Alerus closes $127M acquisition of HMN Financial; pro forma EPS accretive

Each HMNF share exchanged for 1.25 Alerus shares; total consideration ~$127.0M at $22.90/share.
December 11, 2024, 6:59 PM ET dividend materiality 0.35 positive item 8.01 item 9.01

Alerus Financial declares $0.20 quarterly dividend, up 5.26% YoY

Cash dividend of $0.20 per common share declared on December 11, 2024.
October 29, 2024, 7:59 PM ET earnings materiality 0.75 negative item 2.02 item 7.01 item 9.01

Alerus Q3 net income $5.2M ($0.26) down 44% YoY; closes HMN Financial acquisition

Net income $5.2M, $0.26 diluted EPS, vs $9.2M ($0.45) in Q3 2023 and $6.2M ($0.31) in Q2 2024.
October 9, 2024, 7:59 PM ET M&A materiality 0.85 positive item 2.01 item 5.02 item 7.01 item 9.01 ◈ executive_change◈ M&A Transactions

Alerus completes acquisition of HMNF for ~$128.8M in stock; adds director

All-stock acquisition valued at ~$128.8M; HMNF shareholders received 1.25 ALRS shares per HMNF share.
September 26, 2024, 7:59 PM ET M&A materiality 0.75 positive item 7.01 item 9.01

Alerus and HMN Financial receive stockholder and regulatory approvals for merger; close expected early Q4 2024

Stockholders of both Alerus and HMNF approved the all-stock merger during special meetings on September 12, 2024.
September 13, 2024, 7:59 PM ET M&A materiality 0.70 positive item 5.07 item 9.01

Alerus stockholders approve merger with HMN Financial at special meeting

Stockholders voted 14,996,524 for (97.8% of votes cast) to adopt the merger with HMN Financial.
August 21, 2024, 7:59 PM ET dividend materiality 0.50 positive item 8.01 item 9.01

Alerus Financial declares $0.20 quarterly dividend, a 5.26% YoY increase

Quarterly cash dividend of $0.20 per share declared on August 20, 2024.
July 24, 2024, 7:59 PM ET earnings materiality 0.65 positive item 2.02 item 7.01 item 9.01

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

Net income $6.2M ($0.31 diluted EPS) vs $6.4M ($0.32) in Q1 and $9.1M ($0.45) year ago.
May 28, 2024, 7:59 PM ET other material materiality 0.50 neutral item 5.02 item 9.01

Alerus adopts LTIP, amends equity plan, and secures CEO severance

LTIP provides annual RSU awards (40% time-based, 60% performance-based) with 3-year vesting tied to KBW Regional Bank Index performance.
May 23, 2024, 7:59 PM ET dividend materiality 0.35 positive item 8.01 item 9.01

Alerus Financial declares $0.20 quarterly cash dividend, a 5.26% increase YoY

Quarterly cash dividend of $0.20 per common share declared by board on May 21, 2024.
May 15, 2024, 7:59 PM ET M&A materiality 0.85 positive item 1.01 item 7.01 item 9.01 ◈ Material Agreements

Alerus to acquire HMN Financial in ~$116.4M all-stock merger, exchange ratio 1.25x

HMNF holders receive 1.25 Alerus shares per HMNF share; implied value ~$25.86/share, aggregate ~$116.4M.
May 8, 2024, 7:59 PM ET other materiality 0.10 neutral item 5.07 item 9.01 ◈ Shareholder Votes ×2

Alerus stockholders elect all eight director nominees and ratify auditor at 2024 annual meeting

78.72% quorum; 15,655,023 of 19,885,905 shares represented.
April 29, 2024, 7:59 PM ET leadership materiality 0.45 neutral item 5.02 item 9.01 ◈ executive_change

Alerus EVP and CTO Jon Hendry to retire on Dec 31, 2024

Jon Hendry, Executive VP and Chief Technology Officer, notified retirement effective December 31, 2024.
April 24, 2024, 7:59 PM ET earnings materiality 0.70 positive item 2.02 item 7.01 item 9.01 ◈ Earnings Releases

Alerus Financial Q1 2024 net income $6.4M ($0.32 EPS) vs $14.8M loss in Q4 2023

Total deposits rose 6.1% to $3.3B from Dec 2023; brokered deposits at $0.
February 28, 2024, 6:59 PM ET dividend materiality 0.50 positive item 8.01 item 9.01

Alerus Financial raises quarterly dividend 5.56% to $0.19 per share

Dividend increased to $0.19 per share from the prior $0.18 per share.
February 22, 2024, 6:59 PM ET leadership materiality 0.50 neutral item 5.02 item 9.01 ◈ executive_change ×2

Alerus appoints Forrest Wilson as EVP & Chief Retirement Services Officer; director Kevin Lemke not seeking reelection

Kevin Lemke will not stand for reelection at 2024 annual meeting; no disagreement with company.
February 16, 2024, 6:59 PM ET leadership materiality 0.35 neutral item 5.02 ◈ executive_change

Director Michael Mathews resigns from Alerus board to avoid conflict from new role

Mathews notified resignation on Feb 14, 2024, effective immediately.
January 24, 2024, 6:59 PM ET earnings materiality 0.70 negative item 2.02 item 7.01 item 9.01 ◈ Earnings Releases

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

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.
December 19, 2023, 6:59 PM ET other material materiality 0.60 neutral item 7.01 item 9.01

Alerus sells $172.3M securities, records $24.7M pre-tax loss to reposition balance sheet

Sold $172.3M of available-for-sale securities; pre-tax net loss of $24.7M.
December 14, 2023, 6:59 PM ET leadership materiality 0.40 neutral item 5.02 item 9.01 ◈ executive_change ×2

Alerus Financial appoints Nikki Sorum and John Uribe to board of directors

Board expanded to 10 directors; Sorum and Uribe appointed effective Dec. 13, 2023.
December 14, 2023, 6:59 PM ET dividend materiality 0.55 positive item 8.01 item 9.01

Alerus Financial declares $0.19 dividend (+5.56% YoY) and new share repurchase program

Declared $0.19/share cash dividend, 5.56% increase over prior year; payable Jan 12, 2024 to holders of record Dec 27, 2023.
October 25, 2023, 7:59 PM ET earnings materiality 0.60 neutral item 2.02 item 7.01 item 9.01 ◈ Earnings Releases

Alerus Q3 net income $9.2M ($0.45 EPS); deposits stable at $2.9B, noninterest income up 10.2%

Q3 net income $9.2M ($0.45 diluted EPS) vs $9.1M ($0.45) in Q2 and $9.6M ($0.47) in Q3 2022.
August 24, 2023, 7:59 PM ET dividend materiality 0.60 positive item 8.01 item 9.01

Alerus Financial increases quarterly dividend to $0.19 per share, a 5.56% increase

Board declared a cash dividend of $0.19 per common share, payable on October 13, 2023.
July 28, 2023, 7:59 PM ET leadership materiality 0.40 neutral item 5.02 item 9.01 ◈ executive_change ×2

Alerus Financial CAO Jerrod Hanson resigns; Kari Koob appointed as Director of Accounting

Jerrod Hanson resigns as Chief Accounting Officer and SVP effective August 18, 2023; departure unrelated to any accounting disagreement.
July 26, 2023, 7:59 PM ET earnings materiality 0.60 neutral item 2.02 item 7.01 item 9.01 ◈ Earnings Releases

Alerus Financial Q2 net income $9.1M ($0.45 EPS); dividend raised 5.6% to $0.19

Net income of $9.1M ($0.45 diluted EPS) vs. $8.2M ($0.40) Q1 2023 and $9.3M ($0.52) Q2 2022.
May 11, 2023, 7:59 PM ET other materiality 0.15 neutral item 5.07 item 9.01

Alerus stockholders elect all eight director nominees, ratify auditor at annual meeting

Quorum of 16,138,319 shares (80.05% of outstanding) present at May 8, 2023 annual meeting.
May 10, 2023, 7:59 PM ET dividend materiality 0.40 positive item 8.01 item 9.01

Alerus Financial raises quarterly dividend to $0.19, up 5.56% YoY

Quarterly cash dividend increased 5.56% to $0.19 per share.
April 26, 2023, 7:59 PM ET earnings materiality 0.75 negative item 2.02 item 7.01 item 9.01 ◈ Earnings Releases

Alerus Q1 net income $8.2M ($0.40 EPS), down from $10.9M in Q4 2022

Net income $8.2M, diluted EPS $0.40 vs $0.53 in Q4 2022 and $0.57 in Q1 2022.
February 21, 2023, 6:59 PM ET dividend materiality 0.55 positive item 8.01 item 9.01

Alerus Financial declares $0.18 quarterly dividend, 12.5% increase YoY

Quarterly cash dividend of $0.18 per common share declared.
January 25, 2023, 6:59 PM ET earnings materiality 0.70 neutral item 2.02 item 7.01 item 9.01 ◈ Earnings Releases ×2

Alerus Financial Q4 net income $10.9M ($0.53 EPS); full-year earnings down 24%

Q4 net income $10.9M, $0.53 diluted EPS vs. $0.47 in Q3 2022 and $0.72 in Q4 2021.

Executive changes

Appointed

Jeffrey Bolton

Director

ALRS · ALERUS FINANCIAL CORP

Effective: 2024-10-09
Filed: October 9, 2024, 7:59 PM ET

appointed one former HMNF director, Jeffrey Bolton, to the Board

Departed

Jon Hendry

Executive Vice President and Chief Technology Officer

ALRS · ALERUS FINANCIAL CORP

Effective: 2024-12-31
Filed: April 29, 2024, 7:59 PM ET

On April 25, 2024, Jon Hendry, the Executive Vice President and Chief Technology Officer for Alerus Financial Corporation (the “Company”), notified the Company of his intention to retire from his position on December 31, 2024.

Departed

Kevin Lemke

Director

ALRS · ALERUS FINANCIAL CORP

Filed: February 22, 2024, 6:59 PM ET

On February 16, 2024, Kevin Lemke notified Alerus Financial Corporation (the “Company”) of his decision not to stand for reelection to the Company’s board of directors at the Company’s 2024 annual meeting of stockholders.

Appointed

Forrest Wilson

Executive Vice President and Chief Retirement Services Officer

ALRS · ALERUS FINANCIAL CORP

Effective: 2024-02-26
Filed: February 22, 2024, 6:59 PM ET

On February 22, 2024, the Company announced that Forrest Wilson has been appointed to the position of Executive Vice President and Chief Retirement Services Officer of the Company, effective February 26, 2024.

Departed

Michael Mathews

member of the board of directors

ALRS · ALERUS FINANCIAL CORP

Effective: 2024-02-14
Filed: February 16, 2024, 6:59 PM ET

On February 14, 2024, Michael Mathews notified Alerus Financial Corporation (the “Company”) of his decision to resign as a member of the Company’s board of directors, effective immediately.

Appointed

Nikki Sorum

Director

ALRS · ALERUS FINANCIAL CORP

Effective: 2023-12-13
Filed: December 14, 2023, 6:59 PM ET

the Board increased its size to 10 directors and appointed each of Nikki Sorum and John Uribe to the newly-created seats, effective immediately.

Appointed

John Uribe

Director

ALRS · ALERUS FINANCIAL CORP

Effective: 2023-12-13
Filed: December 14, 2023, 6:59 PM ET

the Board increased its size to 10 directors and appointed each of Nikki Sorum and John Uribe to the newly-created seats, effective immediately.

Departed

Jerrod K. Hanson

Chief Accounting Officer

ALRS · ALERUS FINANCIAL CORP

Effective: 2023-08-18
Successor: Kari Koob
Filed: July 28, 2023, 7:59 PM ET

Jerrod K. Hanson notified Alerus Financial Corporation (the “Company”) of his intention to resign from his positions as Chief Accounting Officer and Senior Vice President of the Company and from all of his positions with the Company’s subsidiary bank, Alerus Financial, National Association (the “Bank”), effective August 18, 2023.

Appointed

Kari Koob

Director of Accounting and Principal Accounting Officer

ALRS · ALERUS FINANCIAL CORP

Effective: 2023-08-18
Filed: July 28, 2023, 7:59 PM ET

Kari Koob will become the new Director of Accounting and Principal Accounting Officer of the Company.

Departed

Jill Schurtz

director

ALRS · ALERUS FINANCIAL CORP

Effective: 2022-09-30
Filed: October 5, 2022, 7:59 PM ET

On September 30, 2022, Jill Schurtz notified Alerus Financial Corporation (the “Company”) of her decision to resign as a member of the Company’s board of directors, effective immediately.

Departed

Ann McConn

Chief Shared Services Officer

ALRS · ALERUS FINANCIAL CORP

Effective: 2023-01-06
Filed: July 20, 2022, 7:59 PM ET

On July 20, 2022, Ann McConn, the Chief Shared Services Officer for Alerus Financial Corporation (the “Company”) announced her intention to retire from her position, with an anticipated retirement date of January 6, 2023.

Appointed

Jim Collins

Executive Vice President and Chief Banking and Revenue Officer

ALRS · ALERUS FINANCIAL CORP

Effective: 2022-05-31
Filed: May 31, 2022, 7:59 PM ET

On May 31, 2022, Alerus Financial Corporation (the “Company”) announced that Jim Collins has been appointed to the position of Executive Vice President and Chief Banking and Revenue Officer of the Company, effective May 31, 2022.

Earnings & guidance

2026-Q1 EPS reported $0.89 filing →

Materiality & sentiment trend

Max materiality 0.90 · Median 0.60 · Most common event dividend

30 positive 5 negative 15 neutral

source · ALRS on sec.gov