ALRS ALERUS FINANCIAL CORP

CIK 0000903419 50 ready 8-Ks latest July 29, 2026, 4:31 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 →

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 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.
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).
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.
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.
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.
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.
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.
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 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.
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.
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.
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 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.
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.
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