ALRS Files 8-K on Financial Results & Operations
Ticker: ALRS · Form: 8-K · Filed: Jan 24, 2024 · CIK: 903419
| Field | Detail |
|---|---|
| Company | Alerus Financial Corp (ALRS) |
| Form Type | 8-K |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: financial-results, regulation-fd, corporate-disclosure
TL;DR
**ALRS just dropped an 8-K with fresh financial results, time to check the numbers!**
AI Summary
Alerus Financial Corporation filed an 8-K on January 24, 2024, to disclose its financial results and operations, as well as to satisfy Regulation FD disclosure requirements. This filing indicates that the company is providing an update on its financial performance, which is crucial for investors to assess the company's health and future prospects. For shareholders or potential buyers of ALRS stock, this means new financial data is available to help them make informed decisions about their investment.
Why It Matters
This filing provides investors with the latest financial performance data for Alerus Financial, enabling them to evaluate the company's current health and make informed investment decisions.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial results and operations, which is standard for public companies and does not inherently introduce new risks.
Analyst Insight
A smart investor would review the full financial statements and results of operations once they are made public to understand the company's performance trends and make informed decisions about holding or adjusting their ALRS position.
Key Numbers
- 001-39036 — Commission File Number (identifies Alerus Financial Corporation's registration with the SEC)
- 45-0375407 — IRS Employer Identification No. (identifies Alerus Financial Corporation for tax purposes)
- 701-795-3200 — Business Phone Number (contact information for Alerus Financial Corporation)
Key Players & Entities
- Alerus Financial Corporation (company) — the registrant filing the 8-K
- January 24, 2024 (date) — date of earliest event reported and filing date
- Delaware (company) — state of incorporation for Alerus Financial Corporation
- 001-39036 (dollar_amount) — Commission File Number
- 45-0375407 (dollar_amount) — IRS Employer Identification No.
FAQ
What is the purpose of Alerus Financial Corporation's 8-K filing on January 24, 2024?
The 8-K filing by Alerus Financial Corporation on January 24, 2024, is to report 'Results of Operations and Financial Condition' and 'Regulation FD Disclosure', indicating an update on their financial performance and compliance with fair disclosure rules.
What is the exact name of the registrant as specified in its charter?
The exact name of the registrant as specified in its charter is Alerus Financial Corporation.
Where is Alerus Financial Corporation incorporated?
Alerus Financial Corporation is incorporated in Delaware.
What is the trading symbol for Alerus Financial Corporation's Common Stock and on which exchange is it registered?
The trading symbol for Alerus Financial Corporation's Common Stock is ALRS, and it is registered on The Nasdaq Stock Market LLC.
What is the business address of Alerus Financial Corporation?
The business address of Alerus Financial Corporation is 401 Demers Avenue, Grand Forks, North Dakota 58201.
Filing Stats: 700 words · 3 min read · ~2 pages · Grade level 11.2 · Accepted 2024-01-24 16:15:28
Key Financial Figures
- $1.00 — nge on which registered Common Stock, $1.00 par value per share ALRS The Nasdaq
Filing Documents
- alrs-20240124x8k.htm (8-K) — 37KB
- alrs-20240124xex99d1.htm (EX-99.1) — 1191KB
- alrs-20240124xex99d2.htm (EX-99.2) — 86KB
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- alrs-20240124xex99d2g042.jpg (GRAPHIC) — 158KB
- 0001558370-24-000469.txt ( ) — 9205KB
- alrs-20240124.xsd (EX-101.SCH) — 3KB
- alrs-20240124_lab.xml (EX-101.LAB) — 16KB
- alrs-20240124_pre.xml (EX-101.PRE) — 10KB
- alrs-20240124x8k_htm.xml (XML) — 5KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On January 24, 2024, Alerus Financial Corporation (the "Company") issued a press release announcing its financial results for the three and twelve months ended December 31, 2023. A copy of the press release is attached as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference. The information in Item 2.02 of this Current Report on Form 8-K, and the related Exhibit 99.1, attached hereto is being "furnished" and will not, except to the extent required by applicable law or regulation, be deemed "filed" by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor will any of such information or exhibits be deemed incorporated by reference to any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On January 24, 2024, the Company posted a presentation to the Company's investor relations website, located at investors.alerus.com . The presentation is also attached hereto as Exhibit 99.2. The information in Item 7.01 of this Current Report on Form 8-K, and the related Exhibit 99.2, attached hereto is being "furnished" and will not, except to the extent required by applicable law or regulation, be deemed "filed" by the Company for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor will any of such information or exhibits be deemed incorporated by reference to any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release of Alerus Financial Corporation, dated January 24, 2024 99.2 104 Investor Presentation of Alerus Financial Corporation Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
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: January 24, 2024 Alerus Financial Corporation By: /s/ Katie A. Lorenson Name: Katie A. Lorenson Title: President and Chief Executive Officer