SEC Form 424B3 filed by Alerus Financial Corporation

Alerus Finl (NASDAQ:ALRS) reported quarterly earnings of $0.31 per share which missed the analyst consensus estimate of $0.36 by 13.89 percent. The company reported quarterly sales of $51.372 million which beat the analyst consensus estimate of $49.058 million by 4.72 percent. This is a 7.00 percent increase over sales of $48.012 million the same period last year.

Piper Sandler analyst Nathan Race maintains Alerus Finl (NASDAQ:ALRS) with a Neutral and lowers the price target from $23.5 to $22.5.

Alerus Financial Corporation ("Alerus") (NASDAQ:ALRS) and HMN Financial, Inc. ("HMNF") (NASDAQ:HMNF) jointly announced today the signing of a definitive Agreement and Plan of Merger (the "Merger Agreement") pursuant to which Alerus will acquire, in an all-stock merger, HMNF, a savings and loan holding company headquartered in Rochester, Minnesota, and the parent company of Home Federal Savings Bank ("Home Federal"). Under the terms of the Merger Agreement, HMNF will merge with and into Alerus (the "Merger") and Home Federal will merge with and into Alerus' wholly-owned bank subsidiary, Alerus Financial, National Association, in a transaction valued at approximately $116.4 million.This press

Raymond James upgraded Alerus Financial from Mkt Perform to Outperform and set a new price target of $24.00

Hovde Group upgraded Alerus Financial from Market Perform to Outperform and set a new price target of $23.00 from $21.00 previously

Keefe Bruyette initiated coverage of Alerus Financial with a rating of Mkt Perform and set a new price target of $18.00

Alerus Financial Corporation (NASDAQ:ALRS), or the Company, reported net income of $5.2 million for the third quarter of 2024, or $0.26 per diluted common share, compared to net income of $6.2 million, or $0.31 per diluted common share, for the second quarter of 2024, and net income of $9.2 million, or $0.45 per diluted common share, for the third quarter of 2023. CEO Comments President and Chief Executive Officer Katie Lorenson said, "Earlier this month we closed on our 26th and largest acquisition in company history. In the transaction, we acquired a strong core deposit base and strategically expanded into the vibrant Rochester and Southern Minnesota markets. Throughout the quarter and

Alerus Financial Corporation (NASDAQ:ALRS) announced that it will issue its third quarter financial results on Tuesday, October 29, 2024. Alerus Financial Corporation will also host a conference call at 11:00 a.m. Central Time on Wednesday, October 30, 2024, to discuss its financial results. Analysts and institutional investors may participate in the question-and-answer session. Attendees are encouraged to register ahead of time for the call. Conference Call Information Date: Wednesday, October 30, 2024 Time: 12:00 p.m. Eastern Time / 11:00 a.m. Central Time Register: https://www.netroadshow.com/events/login?show=dcf06687&confId=71912 Telephone Access: 1-833-470-1428 Access Code: 572067

Alerus Financial Corporation (NASDAQ:ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.20 per common share on August 20, 2024, a 5.26% increase over the dividend paid a year ago. The dividend is payable on October 11, 2024, to stockholders of record as of close of business on September 13, 2024. 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 retirem