Alerus Financial (ALRS) Registration filing summary

Company overview and business model

• Diversified financial services provider with banking, retirement and benefit services, and wealth advisory segments.

• As of June 30, 2026: $5.3B in assets, $4.0B in loans, $4.2B in deposits, $583.1M in equity.

• $45.2B in assets under administration/management in retirement and benefit services; $5.2B in wealth segment.

• Revenue streams include net interest income from traditional banking and noninterest income from retirement, benefit, and wealth services.

• Emphasizes a client-first, advice-based philosophy and diversified business model.

Financial performance and metrics

• Strong financial performance and diversified revenue stream highlighted as key strengths.

• Financial statements and related notes are incorporated by reference from recent SEC filings.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including investments in subsidiaries, working capital, capital expenditures, stock repurchases, debt repayment, or acquisitions.

• Proceeds may be temporarily invested or held in deposit accounts until used.