Alerus Financial (NASDAQ: ALRS) raises quarterly dividend 5% to $0.21

Rhea-AI Filing Summary

Alerus Financial Corporation declared a regular quarterly cash dividend of $0.21 per common share on its common stock. This dividend represents a 5.00% increase over the dividend paid a year ago, signaling modest year-over-year growth in cash returns to shareholders.

The dividend will be paid on April 10, 2026, to stockholders of record as of the close of business on March 27, 2026. A related press release was issued and attached as an exhibit, and investors can access dividend history and financial materials on Alerus’ investor relations website.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): February 26, 2026

Alerus Financial Corporation
(Exact Name of Registrant as Specified in Charter)

Delaware	001-39036	45-0375407
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

401 Demers Avenue

Grand Forks, North Dakota 58201

(Address of Principal Executive Offices) (Zip Code)

Registrant's Telephone Number, Including Area Code: (701) 795-3200

N/A
(Former Name or Former Address, if Changed Since Last Report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐         Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐         Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐         Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐         Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading symbol		Name of each exchange on which registered
Common Stock, $1.00 par value per share		ALRS		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b–2 of the Securities Exchange Act of 1934 (§ 240.12b–2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01.         Other Events.

On February 26, 2026, Alerus Financial Corporation (the “Company”) announced that its Board of Directors (the “Board”) declared a cash dividend of $0.21 per share of its common stock. The dividend is payable on April 10, 2026, to stockholders of record on March 27, 2026. A copy of the press release announcing the dividend is attached as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference. 

Item 9.01.         Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
99.1		Press Release of Alerus Financial Corporation dated February 26, 2026
104		Cover Page Interactive Data File (embedded within the Inline XBLR document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 

Date: February 26, 2026	Alerus Financial Corporation
	By:	/s/ Katie A. Lorenson
	Name:	Katie A. Lorenson
	Title:	President and Chief Executive Officer

Exhibit 99.1

Al Villalon, Investor Relations 952.417.3733 Al.Villalon@alerus.com investors.alerus.com

FOR IMMEDIATE RELEASE

ALERUS FINANCIAL CORPORATION DECLARES

CASH DIVIDEND ON COMMON SHARES

MINNEAPOLIS (February 26, 2026) – Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.21 per common share on February 25, 2026, a 5.00% increase over the dividend paid a year ago. The dividend is payable on April 10, 2026, to stockholders of record as of close of business on March 27, 2026. Current and historic dividend information, as well as quarterly financial statements, investor presentations, and earnings call transcripts are available online through Alerus’ investor relations website at investors.alerus.com. 

About Alerus Financial Corporation

Alerus Financial Corporation (Nasdaq: ALRS) is a commercial wealth bank and national retirement services provider with corporate offices in Grand Forks, North Dakota, and the Minneapolis-St. Paul, Minnesota metropolitan area. Through its subsidiary, Alerus Financial, National Association (the “Bank”), Alerus provides diversified and comprehensive financial solutions to business and consumer clients, including banking, wealth services, and retirement and benefit plans and services. Alerus provides clients with a primary point of contact to help fully understand their unique needs and delivery channel preferences. Clients are provided with competitive products, valuable insight, and sound advice supported by digital solutions designed to meet their needs. Alerus operates 26 banking and commercial wealth offices, with locations in Grand Forks and Fargo, North Dakota; the Minneapolis-St. Paul, Minnesota metropolitan area; Rochester, Minnesota; Southern Minnesota; Marshalltown, Iowa; Pewaukee, Wisconsin; and Phoenix and Scottsdale, Arizona. The Alerus Retirement and Benefit business serves advisors, brokers, employers, and plan participants across the United States. 

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of Alerus Financial Corporation. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in forward-looking statements include, among others, the risks described in the “Risk Factors” sections of reports filed by Alerus Financial Corporation with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. 

FAQ

What dividend did Alerus Financial Corporation (ALRS) announce?

Alerus Financial Corporation declared a regular quarterly cash dividend of $0.21 per common share. The company described this as its quarterly dividend on common stock, continuing its practice of returning cash to shareholders through recurring distributions.

How much did Alerus Financial Corporation (ALRS) increase its dividend?

The dividend of $0.21 per common share is a 5.00% increase over the dividend paid a year ago. This reflects a modest rise in shareholder payouts compared with the prior-year quarterly dividend level disclosed by the company.

When is the record date for Alerus Financial Corporation (ALRS) dividend?

Stockholders of record as of the close of business on March 27, 2026, will receive the dividend. Investors must be on Alerus Financial Corporation’s share register by that date to qualify for the $0.21 per share cash payment.

When will Alerus Financial Corporation (ALRS) pay the announced dividend?

Alerus Financial Corporation stated that the $0.21 per share cash dividend will be payable on April 10, 2026. Eligible stockholders of record as of March 27, 2026, are expected to receive the cash distribution on that payment date.

Where can investors find more information about Alerus (ALRS) dividends and financials?

Alerus Financial Corporation directs investors to its investor relations website at investors.alerus.com. The site provides current and historic dividend information, quarterly financial statements, investor presentations, and earnings call transcripts for shareholders and analysts.

What type of business is Alerus Financial Corporation (ALRS)?

Alerus Financial Corporation is described as a commercial wealth bank and national retirement services provider. Through its bank subsidiary, it offers banking, wealth services, and retirement and benefit plans and services to business and consumer clients across multiple U.S. markets.

How extensive is Alerus Financial Corporation’s (ALRS) physical footprint?

Alerus operates 26 banking and commercial wealth offices. Its locations include Grand Forks and Fargo in North Dakota, the Minneapolis-St. Paul metropolitan area, Rochester and Southern Minnesota, Marshalltown in Iowa, Pewaukee in Wisconsin, and Phoenix and Scottsdale in Arizona.

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EXHIBIT 99.1 7.0 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.5 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 11.2 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 15.0 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.3 KB