Alerus Financial Corp

Alerus Financial Corp. engages in the provision of business and consumer financial products and services through its subsidiary, Alerus Financial NA. It operates through the following segments: Banking, Retirement & Benefit Services, Wealth Management, Mortgage, and Corporate Administration. The Banking segment provides lending and deposit products. The Retirement & Benefit Services segment consists of retirement plan administration and investment advisory services, employee stock ownership plan, fiduciary services, payroll, HSA, and other benefit services. The Wealth Management segment offers fiduciary services to consumer and commercial clients, including financial planning, investment management, personal and corporate trust services, estate administration, and custody services. The Mortgage segment includes first and second mortgage loans through a centralized mortgage unit. The Corporate Administration segment covers indirect overhead allocations and income tax expense. The was company founded in 1879 and is headquartered in Grand Folks, ND.

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Earnings data Q3 2024

Earnings data Q4 2024

Alerus Financial Corp reports record growth and strategic focus for 2023

Alerus Financial Corp reported strong performance in new business growth and asset quality, despite challenges in net interest income and margin. The company is strategically positioned for growth through talent additions, expense management, and revenue optimization in key business segments.
With a focus on efficiency, value creation, and long-term shareholder returns, Alerus aims to navigate challenges and capitalize on opportunities in a competitive financial landscape. The company's commitment to sustainable growth and strategic initiatives sets the stage for continued outperformance and value creation.
Alerus Financial Corp's performance in 2022 showcases resilience and adaptability, with a clear focus on core offerings, talent acquisition, and building efficiencies. The company's strategic direction towards revenue growth, value creation, and enhanced client experience positions it for success in 2023 and beyond.

Alerus Financial Corp reports solid Q1 performance amidst income challenges

Alerus Financial Corp's Q1 2023 performance showcased strength in loans and capital base, despite challenges in noninterest income. The company's focus on core deposits, fee income businesses, and expense reduction positions it well for future growth. Opportunities lie in its resilient business model, strong foundation, and emphasis on long-term sustainability.

Alerus Financial Corp reports robust Q2 performance and eyes growth

Alerus Financial Corp delivered a strong performance in Q2 2023, showcasing efficiency gains, revenue resilience, and strategic evolution towards a top-performing financial institution.
Despite challenges such as margin pressure and macroeconomic uncertainties, the company's strengths in balance sheet quality, diversified portfolios, and growth initiatives offer resilience and long-term value.
Opportunities for margin improvement, strategic growth, and talent acquisition present avenues for continued success and market leadership for Alerus in the financial sector.

Alerus Financial Corp reports resilient Q3 performance amidst industry challenges

Alerus Financial Corp navigated challenges to deliver a strong performance in Q3 2023.
The company's focus on capital strength and prudent management positions it well for the future.
Despite industry headwinds, Alerus is optimistic about growth opportunities and improving margins.
Commitment to enhancing shareholder value and strategic growth initiatives remain key priorities.

Alerus Financial Corp (ALRS) posts strong Q4 results, eyes revenue diversification

Alerus Financial Corp (ALRS) delivered a strong performance in Q4 2023, driven by strategic initiatives and solid growth in key financial metrics. While facing challenges in noninterest income and modest loan growth expectations, the company remains well-positioned to capitalize on opportunities for revenue diversification and sustained growth.

Alerus Financial Corp meets Q1 expectations, eyes growth opportunities

ALRS delivered solid performance in Q1 2024, leveraging client wins and fee-based businesses for revenue growth. While facing challenges in mortgage banking and regional loan growth, the company remains focused on strategic initiatives and organic opportunities to outperform the industry.

Alerus Financial Corp reports solid Q2 earnings and eyes strategic growth

Alerus Financial Corp demonstrated robust financial performance in Q2 2024, driven by revenue diversification and operational efficiency.
While facing challenges related to credit normalization, the company's strong capital position and growth initiatives position it well for the future.
Opportunities lie in strategic acquisitions, dividend growth, and leveraging market relationships for sustained growth and value creation.

Alerus Financial Corp (ALRS) faces challenges but maintains growth focus

Alerus Financial Corp (ALRS) navigated a tough quarter with a focus on strategic initiatives like talent acquisition and diversifying the loan portfolio. Despite challenges, the company remains committed to transformation and delivering value to shareholders.

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MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $9.1 million for the second quarter of 2023, or $0.45 per diluted common share, compared to net income of $8.2 million, or $0.40 per diluted common share, for the first quarter of 2023, and net income of $9.3 million, or $0.52 per diluted common share, for the second quarter of 2022. CEO Comments President and Chief Executive Officer Katie Lorenson said, “During the second quarter,.

Alerus Financial Corporation Reports Second Quarter 2023 Net Income of $9.1 Million

Alerus (ALRS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Alerus (ALRS) to Report a Decline in Earnings: What to Look Out for

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its second quarter financial results on Wednesday, July 26, 2023. Alerus Financial Corporation will also host a conference call at 11:00 a.m. Central Time on Thursday, July 27, 2023, to discuss its financial results. Analysts and institutional investors may participate in the question-and-answer session. Conference Call Information Date: Thursday, July 27, 2023 Time: 12:00 p.m. Eastern Time /.

Alerus Financial Corporation to Announce Second Quarter Financial Results on Wednesday, July 26

Alerus (ALRS) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Alerus (ALRS) Stock Jumps 5.7%: Will It Continue to Soar?

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Alerus Financial Corporation (NASDAQ:ALRS ) Q1 2023 Earnings Conference Call April 27, 2023 ET Company Participants Katie Lorenson - President, Chief Executive Officer Alan Villalon - Chief Financial Officer Karin Taylor - Chief Risk Officer Jim Collins - Chief Banking and Revenue Officer Karen Bohn - Independent Director Barret Lahm - Treasurer Conference Call Participants Jeff Rulis - D.A. Davidson Eric Spector - Raymond James Nathan Race - Piper Sandler Damon DelMonte - Keefe, Bruyette, & Woods Operator Good morning, and welcome to the Alerus Financial Corporation Earnings Conference Call.

Alerus Financial Corporation (ALRS) Q1 2023 Earnings Call Transcript

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $8.2 million for the first quarter of 2023, or $0.40 per diluted common share, compared to net income of $10.9 million, or $0.53 per diluted common share, for the fourth quarter of 2022, and net income of $10.2 million, or $0.57 per diluted common share, for the first quarter of 2022. CEO Comments President and Chief Executive Officer Katie Lorenson said, “Alerus' highly diversified.

Alerus Financial Corporation Reports First Quarter 2023 Net Income of $8.2 Million

Earnings Preview: Alerus (ALRS) Q1 Earnings Expected to Decline

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Dividend Champion, Contender, And Challenger Highlights: Week Of April 9

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its first quarter financial results on Wednesday, April 26, 2023. Alerus Financial Corporation will also host a conference call at 11:00 a.m. Central Time on Thursday, April 27, 2023, to discuss its financial results. Analysts and investors may participate in the question-and-answer session. Conference Call Information Date: Thursday, April 27, 2023 Time: 12:00 p.m. Eastern Time / 11:00 a.m.

Alerus Financial Corporation to Announce First Quarter Financial Results on Wednesday, April 26

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Alerus Financial Corporation (NASDAQ:ALRS ) Q4 2022 Earnings Conference Call January 26, 2023 12:00 PM ET Company Participants Katie Lorenson - President, Chief Executive Officer Alan Villalon - Chief Financial Officer Karin Taylor - Chief Risk Officer Jim Collins - Chief Banking and Revenue Officer Karen Bohn - Independent Director Conference Call Participants Jeff Rulis - D.A. Davidson Nathan Race - Piper Sandler Eric Grubelich - Private Investor Ben Gerlinger - Hovde Group Operator Good morning or good afternoon, everyone and welcome to the Alerus Financial Corporation Earnings Conference Call.

Alerus Financial Corporation (ALRS) Q4 2022 Earnings Call Transcript

Alerus (ALRS) delivered earnings and revenue surprises of -8.62% and 6.95%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Alerus (ALRS) Q4 Earnings and Revenues Miss Estimates

MINNEAPOLIS--( BUSINESS WIRE )--Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $10.9 million for the fourth quarter of 2022, or $0.53 per diluted common share, compared to net income of $9.6 million, or $0.47 per diluted common share, for the third quarter of 2022, and net income of $12.7 million, or $0.72 per diluted common share, for the fourth quarter of 2021.

Alerus Financial Corporation Reports Fourth Quarter 2022 Net Income of $10.9 Million

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MINNEAPOLIS--( BUSINESS WIRE )--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its fourth quarter and full-year 2022 financial results on Wednesday, January 25, 2023.

Alerus Financial Corporation to Announce Fourth Quarter and Full-Year 2022 Financial Results on Wednesday, January 25

Alerus Financial Corporation (NASDAQ:ALRS ) Q3 2022 Earnings Conference Call October 27, 2022 12:00 PM ET Company Representatives Katie Lorenson - President, Chief Executive Officer Jim Collins - Chief Banking and Revenue Officer Al Villalon - Chief Financial Officer Conference Call Participants Jeff Rulis - D.A. Davidson Nathan Race - Piper Sandler Operator Hello everyone!

Alerus Financial Corporation (ALRS) Q3 2022 Earnings Call Transcript

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $9.6 million for the third quarter of 2022, or $0.47 per diluted common share, compared to net income of $9.3 million, or $0.52 per diluted common share, for the second quarter of 2022, and net income of $13.1 million, or $0.74 per diluted common share, for the third quarter of 2021.

Alerus Financial Corporation Reports Third Quarter 2022 Net Income of $9.6 Million

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its third quarter 2022 financial results on Wednesday, October 26, 2022. Alerus Financial Corporation will also host a conference call at 11:00 a.m. Central Time on Thursday, October 27, 2022, to discuss its financial results. Analysts and investors may participate in the question-and-answer session. Conference Call Information Date: Thursday, October 27, 2022 Time: 12:00 p.m. Eastern Time / 1

Alerus Financial Corporation to Announce Third Quarter 2022 Financial Results on Wednesday, October 26

Alerus Financial Corporation (NASDAQ:ALRS ) Q2 2022 Earnings Conference Call July 28, 2022 12:00 PM ET Company Participants Katie Lorenson - President & Chief Executive Officer Alan Villalon - Executive Vice President & Chief Financial Officer Karin Taylor - Executive Vice President & Chief Risk Management Officer Conference Call Participants Ben Gerlinger - Hovde Group Jeff Rulis - D.A. Davidson Nathan Race - Piper Sandler Operator Good afternoon and welcome to the Alerus Financial Corporation Earnings Conference Call.

Alerus Financial Corporation (ALRS) CEO Katie Lorenson on Q2 2022 Results - Earnings Call Transcript

Alerus (ALRS) delivered earnings and revenue surprises of -6.56% and 1.70%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Alerus (ALRS) Q2 Earnings and Revenues Miss Estimates

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $9.3 million for the second quarter of 2022, or $0.52 per diluted common share, compared to net income of $10.2 million, or $0.57 per diluted common share, for the first quarter of 2022, and net income of $11.7 million, or $0.66 per diluted common share, for the second quarter of 2021. CEO Comments President and Chief Executive Officer Katie Lorenson said, “In the second quarter, we reported earning

Alerus Financial Corporation Reports Second Quarter 2022 Net Income of $9.3 Million

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced a number of changes to its executive leadership team as part of its ongoing management succession plan. Chief Shared Services Officer Ann McConn will retire on January 6, 2023. She will transition her responsibilities to Missy Keney as Chief Engagement Officer and Executive Vice President, and Jon Hendry as Chief Technology Officer and Executive Vice President. Ms. Keney, a 17-year Alerus e

Alerus Financial Corporation Announces Executive Leadership Changes

GRAND FORKS, N.D. & PHOENIX--(BUSINESS WIRE)--Alerus Financial Corporation (“Alerus”) (NASDAQ: ALRS) announced today it has completed the previously announced acquisition of MPB BHC, Inc. (OTCPink: MPHX), the bank holding company for Metro Phoenix Bank. Founded in 2007, Metro Phoenix Bank is the largest full-service community bank headquartered in Phoenix, with approximately $453 million in total assets, $280 million in total loans, and $402 million in total deposits as of March 31, 2022. Metro

Alerus Completes Acquisition of Metro Phoenix Bank

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its second quarter 2022 financial results on Wednesday, July 27, 2022. Alerus Financial Corporation will also host a conference call at 11:00 a.m. Central Time on Thursday, July 28, 2022 to discuss its financial results. Analysts and investors may participate in the question-and-answer session. Conference Call Information Date: Thursday, July 28, 2022 Time: 12:00 p.m. Eastern Time / 11:0

Alerus Financial Corporation to Announce Second Quarter 2022 Financial Results on Wednesday, July 27

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