Every 8-K that Alerus Financial Corporation (ALRS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow ALRS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ALRS filings page.
Alerus Financial Corporation (ALRS) reported that its board declared a regular quarterly cash dividend of $0.22 per common share, payable on October 9, 2026 to shareholders of record on September 25, 2026. The company states this dividend is a 4.76% increase over the dividend paid a year earlier.
Alerus also announced a new stock repurchase program authorizing the repurchase of up to 1,250,000 shares of common stock, subject to limitations and conditions. This program becomes effective once the existing 1,000,000-share repurchase authorization is fully used or expires/terminates and will run until August 26, 2029. As of August 26, 2026, approximately 320,033 shares remained authorized under the prior program. The company emphasizes that the new program does not obligate it to repurchase any shares, and repurchases, if any, may occur from time to time in the open market, including under Rule 10b-18 and potentially via Rule 10b5-1 trading plans.
Alerus Financial Corporation reported second quarter 2026 net income of $20.9 million, or $0.81 per diluted share, compared with $23.0 million ($0.89) in the prior quarter and $20.3 million ($0.78) a year earlier. Return on average assets was 1.60% and return on average tangible common equity was 19.33%. Net interest income rose to $47.7 million, up 6.2% sequentially and 10.9% year over year, while tax-equivalent net interest margin improved to 3.97%, aided by a one-time $1.6 million interest recovery on a resolved nonaccrual loan and higher loan yields.
Noninterest income was $32.9 million, up 6.8% from the first quarter and 3.7% from the prior year, driven by a gain on sale of property in Rochester, Minnesota, higher wealth advisory fees, and increased swap and deferred compensation-related investment income, partly offset by lower mortgage banking revenue and the absence of a prior-year non-mortgage loan sale gain. Noninterest expense increased to $52.9 million, mainly from higher compensation, other real estate owned costs, and insurance.
At June 30, 2026, total assets were $5.29 billion and loans held for investment were $4.03 billion, modestly below year-end as commercial growth was offset by lower consumer balances. Deposits were $4.19 billion, essentially flat since December 31, 2025, with a shift from noninterest-bearing to interest-bearing accounts. Asset quality improved significantly: nonperforming assets fell to $17.1 million, or 0.32% of total assets, from $54.0 million (1.02%) at March 31, 2026. The allowance for credit losses on loans was $48.4 million, or 1.20% of total loans. Capital remained strong, with tangible common equity to tangible assets of 9.05% and a consolidated common equity Tier 1 ratio of 10.81%. The company repurchased $6.8 million of common stock (250,000 shares) in the quarter and returned $23.6 million to shareholders via dividends and buybacks in the first half of 2026.
Alerus Financial Corporation reported that its board of directors declared a regular quarterly cash dividend of $0.22 per common share. This represents a 4.76% increase over the dividend paid a year earlier, signaling a modestly higher cash return to shareholders. The dividend will be paid on July 10, 2026 to stockholders who are on record as of the close of business on June 26, 2026.
Alerus Financial Corporation closed the sale of three nonperforming construction, land and development loans with a total net book balance of $33.6 million as of March 31, 2026. These loans were the company’s largest nonperforming relationship and were on nonaccrual status.
The relationship represented 62.3% of total nonperforming loans and 62.1% of total nonperforming assets as of that date. Nonperforming assets to total loans were 1.34%, and would have been 0.51% if this relationship had already been removed.
The loans carried specific reserves of $3.1 million, and there were no historical charge-offs or charge-offs related to this transaction. The sale resulted in recognition of $1.6 million of nonaccrual interest income, which improves reported earnings without incremental credit loss.
Alerus Financial Corporation reported voting results from its 2026 Annual Meeting of Stockholders. As of the March 16, 2026 record date, 25,560,231 common shares were outstanding, and holders of 20,654,357 shares, or approximately 80.81%, were represented, establishing a quorum.
Stockholders elected nine directors to serve until the 2027 annual meeting or until successors are elected and qualified. They also approved, on a non-binding advisory basis, 2025 compensation for named executive officers and ratified the appointment of RSM US LLP as independent registered public accounting firm for the year ending December 31, 2026.
Alerus Financial Corporation reported a strong rebound in profitability for the first quarter of 2026. Net income was $23.0 million, or $0.89 per diluted share, compared with a net loss of $33.1 million, or $(1.27) per diluted share, in the fourth quarter of 2025 and net income of $13.3 million, or $0.52 per diluted share, a year earlier.
Return on average assets reached 1.79%, while return on average tangible common equity was 21.85%. Noninterest income was $30.8 million and represented about 41% of total revenue, and the net interest margin improved to 3.77%. Deposits grew to $4.3 billion and the loan-to-deposit ratio declined to 92.8%, while nonperforming assets fell to $54.0 million. The company repurchased $6.0 million of stock and increased tangible book value per share to $18.15.
Alerus Financial Corporation amended its existing subordinated debt with the Bank of North Dakota. The company’s $50.0 million Subordinated Note, originally due March 30, 2031, now matures on March 30, 2036 under a Modification Agreement signed March 30, 2026.
The modified note bears a fixed annual interest rate of 6.75% until March 30, 2031. From March 30, 2031 to maturity or earlier redemption, the rate resets and is fixed at the five year advance rate set by the Federal Home Loan Bank of Des Moines on that date plus 3.00%. The note is redeemable, in whole or in part, on or after March 30, 2031 and upon certain specified events.
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.
Alerus Financial Corporation filed a current report to share its latest financial communications. The company issued a press release announcing financial results for the three and twelve months ended December 31, 2025, which is attached as Exhibit 99.1 and incorporated by reference.
Alerus also posted an investor presentation on its investor relations website and attached it as Exhibit 99.2. Both the press release and the presentation are being treated as information that is “furnished,” not “filed,” meaning they are generally not subject to certain Exchange Act liabilities unless required by law.
Alerus Financial Corporation furnished materials related to recent performance. On October 30, 2025, the company issued a press release with financial results for the three and nine months ended September 30, 2025, attached as Exhibit 99.1. It also posted an investor presentation on its investor relations website, attached as Exhibit 99.2.
The information in Items 2.02 and 7.01, and Exhibits 99.1 and 99.2, is being furnished and will not be deemed filed, except to the extent required by law or expressly incorporated by reference.
Alerus Financial Corporation reported two material items: the board approved an executive severance agreement for CEO Katie A. Lorenson and declared a cash dividend. The Severance Agreement (effective August 28, 2025) provides payments if the CEO is terminated by the company without Cause before a Change in Control or if termination occurs within 24 months after a Change in Control. For pre-Change-in-Control termination the CEO would receive 2.0 times a defined Severance Pay paid over 12 months; for qualifying post-Change-in-Control termination she would receive 2.99 times Severance Pay paid in a lump sum. The agreement has a 24-month evergreen term terminable on 120 days' notice prior to a Change in Control. The board also declared a $0.21 per share cash dividend payable October 10, 2025 to holders of record on September 26, 2025.