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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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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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Alerus Financial (ALRS) Right Now?

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This article series covers dividend increases, cuts, and suspensions. We provide a summary table of relevant data and key statistics on dividend increases.

Dividend Increases: May 7-13, 2022

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced today that industry veteran Jim Collins will join the Company as Executive Vice President and Chief Banking and Revenue Officer, effective May 31, 2022. Mr. Collins is an accomplished executive with nearly 30 years of experience in the financial services industry and extensive expertise in commercial banking. He previously served as the Minnesota regional chief executive officer and preside

Alerus Financial Corporation Names Jim Collins Chief Banking and Revenue Officer

Is Alerus Financial (ALRS) Stock Undervalued Right Now?

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced that, effective May 10, 2022, Dan Coughlin was appointed by the Board of Directors to serve as Chairman of the Board. Mr. Coughlin replaces former Alerus Chairman, President, and Chief Executive Officer, Randy Newman, who served as Executive Chairman of the Board since Jan. 1, 2022, to support the leadership transition to current President and Chief Executive Officer Katie Lorenson. Mr. New

Alerus Financial Corporation Announces Appointment of New Chairman

Is Alerus Financial (ALRS) a Great Value Stock Right Now?

Alerus Financial Corporation (NASDAQ:ALRS ) Q1 2022 Earnings Conference Call April 28, 2022 10:00 AM ET Company Participants Katie Lorenson - President & CEO Alan Villalon - CFO Karin Taylor - Chief Risk Officer Conference Call Participants Jeff Rulis - D.A. Davidson Nathan Race - Piper Sandler Operator Good morning, and welcome to the Alerus Financial Corporation Earnings Conference Call.

Alerus Financial Corporation (ALRS) CEO Katie Lorenson on Q1 2022 Results - Earnings Call Transcript

Alerus (ALRS) delivered earnings and revenue surprises of 5.56% and 5.58%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Alerus (ALRS) Beats Q1 Earnings Estimates

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $10.2 million for the first quarter of 2022, or $0.57 per diluted common share, compared to net income of $12.7 million, or $0.72 per diluted common share, for the fourth quarter of 2021, and net income of $15.2 million, or $0.86 per diluted common share, for the first quarter of 2021. CEO Comments President and Chief Executive Officer Katie Lorenson said, “Alerus entered the new year with upw

Alerus Financial Corporation Reports First Quarter 2022 Net Income of $10.2 Million

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its first quarter 2022 financial results on Wednesday, April 27, 2022. Alerus Financial Corporation will also host a conference call at 9:00 a.m. Central Time on Thursday, April 28, 2022 to discuss its financial results. Analysts and investors may participate in the question-and-answer session. Conference Call Information Date: Thursday, April 28, 2022 Time: 10:00 a.m. Eastern Time / 9:0

Alerus Financial Corporation to Announce First Quarter 2022 Financial Results on Wednesday, April 27

Alerus (ALRS) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Rising for Alerus (ALRS): Will It Gain?

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced today that Alan “Al” Villalon has been named Chief Financial Officer and Executive Vice President of the Company. Mr. Villalon replaces Katie Lorenson, who transitioned to President and Chief Executive Officer effective January 1, 2022. Additionally, Jerrod Hanson has been named Chief Accounting Officer and Senior Vice President. Mr. Villalon is a strategic finance executive with over 25 ye

Alerus Financial Corporation Names New Chief Financial Officer and Chief Accounting Officer

Alerus Financial Corporation's (ALRS) CEO Katie Lorenson on Q4 2021 Results - Earnings Call Transcript

Alerus (ALRS) delivered earnings and revenue surprises of 35.85% and 4.92%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Alerus (ALRS) Q4 Earnings and Revenues Beat Estimates

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $12.7 million for the fourth quarter of 2021, or $0.72 per diluted common share, compared to net income of $13.1 million, or $0.74 per diluted common share, for the third quarter of 2021, and net income of $10.2 million, or $0.57 per diluted common share, for the fourth quarter of 2020. CEO Comments President and Chief Executive Officer Katie Lorenson said, “Alerus continues to be a purpose-dr

Alerus Financial Corporation Reports Fourth Quarter 2021 Net Income of $12.7 Million and Record Annual Net Income of $52.7 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.

Earnings Preview: Alerus (ALRS) Q4 Earnings Expected to Decline

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its fourth quarter and full-year 2021 financial results after market close on Wednesday, January 26, 2022. Alerus Financial Corporation will also host a conference call at 9:00 a.m. Central Time on Thursday, January 27, 2022 to discuss its financial results. Analysts and investors may participate in the question-and-answer session. Conference Call Information Date: Thursday, January 27,

Alerus Financial Corporation to Announce Fourth Quarter and Full-Year 2021 Financial Results on Wednesday, January 26

PHOENIX, Dec. 8, 2021 /PRNewswire/ -- MPB BHC, INC. ("MPB") (OTCPink:MPHX), the holding company for Metro Phoenix Bank, announced today the signing of a merger agreement with Alerus Financial Corporation ("Alerus") (NASDAQ: ALRS).

MPB BHC, INC., The Holding Company For Metro Phoenix Bank, Enters Into A Merger Agreement With Alerus Financial Corporation

GRAND FORKS, N.D. & PHOENIX--(BUSINESS WIRE)--Alerus Financial Corporation (“Alerus”) (NASDAQ: ALRS) announced today the signing of a definitive agreement and plan of merger to acquire MPB BHC, Inc. (“MPHX”) (OTCPK: MPHX), the bank holding company for Metro Phoenix Bank, the largest full-service community bank headquartered in Phoenix. The transaction represents the twenty-fifth acquisition for Alerus since 2000 as part of its long-term plan to continually expand its four business segments—bank

Alerus Announces Acquisition of Metro Phoenix Bank

Surging Earnings Estimates Signal Upside for Alerus (ALRS) Stock

Alerus Financial Corporation (ALRS) CEO Randy Newman on Q3 2021 Results - Earnings Call Transcript

Alerus (ALRS) delivered earnings and revenue surprises of 48.00% and 7.55%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Alerus (ALRS) Q3 Earnings and Revenues Top Estimates

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $13.1 million for the third quarter of 2021, or $0.74 per diluted common share, compared to net income of $11.7 million, or $0.66 per diluted common share, for the second quarter of 2021, and net income of $17.7 million, or $0.99 per diluted common share, for the third quarter of 2020. CEO Comments Chairman, President, and Chief Executive Officer Randy Newman said, “Our diversified business mo

Alerus Financial Corporation Reports Third Quarter 2021 Net Income of $13.1 Million

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) (the “Company”) is honored to announce the addition of Janet O. Estep, Jill E. Schurtz, and Mary E. Zimmer to its board of directors. Ms. Estep is an experienced executive with extensive knowledge of digital technology, electronic payments, strategic planning, mergers and acquisitions, product development, and sales, marketing, and risk management. Ms. Schurtz is the current CEO and Chief Investment Officer of the S

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