Recent 8-K filings for ALRS

• May 19, 2026, 2:46 PM ET other material materiality 0.75 positive item 8.01item 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.

• April 29, 2026, 7:59 PM ET earnings materiality 0.75 positive item 2.02item 7.01item 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).

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

• October 30, 2025, 7:59 PM ET earnings materiality 0.65 positive item 2.02item 7.01item 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 8.01item 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 2.02item 7.01item 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.

• April 28, 2025, 7:59 PM ET earnings materiality 0.75 positive item 2.02item 7.01item 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 2.02item 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.

• January 28, 2025, 6:59 PM ET earnings materiality 0.75 positive item 2.02item 7.01item 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.

• October 29, 2024, 7:59 PM ET earnings materiality 0.75 negative item 2.02item 7.01item 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 2.01item 5.02item 7.01item 9.01 ◈ executive_change

  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 7.01item 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 5.07item 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.

• July 24, 2024, 7:59 PM ET earnings materiality 0.65 positive item 2.02item 7.01item 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 15, 2024, 7:59 PM ET M&A materiality 0.85 positive item 1.01item 7.01item 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.

• April 24, 2024, 7:59 PM ET earnings materiality 0.70 positive item 2.02item 7.01item 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.

Executive changes

Earnings & guidance

Materiality & sentiment trend

Max materiality 0.90 · Median 0.65 · Most common event dividend

23 positive 3 negative 6 neutral

source · ALRS on sec.gov