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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Asbury Automotive Group

Clean Harbors

ALRS, ABG and CLH have been added to the Zacks Rank #24 (Strong Sell) List on November 4, 2024.

New Strong Sell Stocks for November 4th

Alerus Financial Corporation (NASDAQ:ALRS ) Q3 2024 Earnings Conference Call October 30, 2024 12:00 PM ET Company Participants Katie Lorenson - President and CEO Al Villalon - Chief Financial Officer Karin Taylor - Chief Operating and Risk Officer Jim Collins - Chief Revenue Officer and Head, Commercial Wealth Bank Forrest Wilson - Chief Retirement Services Officer Conference Call Participants Jeff Rulis - D.A. Davidson & Co. David Feaster - Raymond James Brendan Nosal - Hovde Nathan Race - Piper Sandler Damon DelMonte - KBW Operator Hello, everyone.

Alerus Financial Corporation (ALRS) Q3 2024 Earnings Call Transcript

Although the revenue and EPS for Alerus (ALRS) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Alerus (ALRS) Reports Q3 Earnings: What Key Metrics Have to Say

Alerus (ALRS) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.45 per share a year ago.

Alerus (ALRS) Misses Q3 Earnings and Revenue Estimates

MINNEAPOLIS--(BUSINESS WIRE)--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.

Alerus Financial Corporation Reports Third Quarter 2024 Net Income of $5.2 Million

HMN Financial

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) and its wholly owned subsidiary, Alerus Financial, National Association, (together, “Alerus”) announced today they have completed the previously announced acquisition of HMN Financial, Inc. (Nasdaq: HMNF) and its wholly owned subsidiary, Home Federal Savings Bank (together, “Home Federal”). Under the terms of the transaction, HMN Financial, Inc. merged with and into Alerus Financial Corporation, and Home Federal Sav.

Alerus Financial Corporation Completes Acquisition of HMN Financial, Inc.

MINNEAPOLIS--(BUSINESS WIRE)--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 Infor.

Alerus Financial Corporation to Announce Third Quarter Financial Results on Tuesday, October 29

GRAND FORKS, N.D. & ROCHESTER, Minn.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) and its wholly owned subsidiary, Alerus Financial, National Association, (together, “Alerus”) announced today they have received all regulatory approvals necessary to complete the previously announced acquisition of HMN Financial, Inc. (Nasdaq: HMNF) and its wholly owned subsidiary, Home Federal Savings Bank (together, “Home Federal”). The merger was unanimously approved by the board of directors.

Alerus Financial Corporation and HMN Financial, Inc. Receive Stockholder and Regulatory Approval to Proceed With Merger

Alerus Financial (ALRS) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, ALRS's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.

Alerus (ALRS)'s Technical Outlook is Bright After Key Golden Cross

MINNEAPOLIS--(BUSINESS WIRE)--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.

Alerus Financial Corporation Declares Cash Dividend on Common Shares

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of HMN Financial, Inc. (NasdaqGM: HMNF) to Alerus Financial Corporation (NasdaqCM: ALRS). Under the terms of the proposed transaction, shareholders of HMN will receive 1.25 shares of Alerus for each share of HMN that they own. KSF is seeking to determine whether this consideration and the process that led to it a.

HMN FINANCIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of HMN Financial, Inc. - HMNF

Investors need to pay close attention to Alerus Financial (ALRS) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Alerus Financial (ALRS) Stock?

Alerus Financial Corporation (NASDAQ:ALRS ) Q2 2024 Earnings Conference Call July 25, 2024 12:00 PM ET Company Participants Katie Lorenson – President and Chief Executive Officer Al Villalon – Chief Financial Officer Karin Taylor – Chief Risk and Operating Officer Jim Collins – Chief Banking and Revenue Officer Forrest Wilson – Chief Retirement Services Officer, Conference Call Participants Brendan Nosal – Hovde Group David Feaster – Raymond James Nathan Race – Piper Sandler Matt Renck – KBW Operator Good afternoon. Welcome to the Alerus Financial Corporation Earnings Conference Call.

Alerus Financial Corporation (ALRS) Q2 2024 Earnings Call Transcript

The headline numbers for Alerus (ALRS) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About Alerus (ALRS) Q2 Earnings

Alerus (ALRS) came out with quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.45 per share a year ago.

Alerus (ALRS) Misses Q2 Earnings Estimates

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $6.2 million for the second quarter of 2024, or $0.31 per diluted common share, compared to net income of $6.4 million, or $0.32 per diluted common share, for the first quarter of 2024, and net income of $9.1 million, or $0.45 per diluted common share, for the second quarter of 2023. CEO Comments President and Chief Executive Officer Katie Lorenson said, “We continued to see improve.

Alerus Financial Corporation Reports Second Quarter 2024 Net Income of $6.2 Million

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) announced that it will issue its second quarter financial results on Wednesday, July 24, 2024. Alerus Financial Corporation will also host a conference call at 11:00 a.m. Central Time on Thursday, July 25, 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 Informati.

Alerus Financial Corporation to Announce Second Quarter Financial Results on Wednesday, July 24

PHOENIX--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) is pleased to announce it is expanding its specialty lending capabilities with the addition of an experienced team focused on providing equipment financing to commercial banking clients throughout the company's geographic footprint. Brian Scott joins Alerus as managing director of the equipment finance team. In this role, he oversees the team's activities and guides lending activities for clients across a range of industries.

Alerus Adds Equipment Finance Team

NEW ORLEANS , May 16, 2024 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

HMN FINANCIAL INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of HMN Financial, Inc. - HMNF

Alerus Financial (ALRS) announces an all-stock deal to acquire HMN Financial for $116.4 million. The transaction will be accretive to its earnings next year.

Alerus Financial (ALRS) to Buy HMN Financial for $116.4 Million

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Alerus Financial Corporation (NASDAQ: ALRS) and HMN Financial, Inc. is fair to Alerus shareholders. Halper Sadeh encourages Alerus shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Alerus and its board violated.

ALRS Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Alerus Financial Corporation Is Fair to Shareholders

GRAND FORKS, N.D. & ROCHESTER, Minn.--(BUSINESS WIRE)--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.

Alerus Financial Corporation and HMN Financial, Inc. Jointly Announce Strategic Transaction

Apple

Cardinal Health

CNO Financial Group

Chesapeake Utilities

Expeditors International of Washington

FactSet Research Systems

Leggett & Platt

MSA Safety

Northrop Grumman

Pool

Tetra Tech

Eleven long-term dividend growth companies announced their annual dividend increases in the second half of April. Investors were rewarded with 10%+ increases from Grainger and Parker-Hannifin.

Apple, Cardinal Health Among 12 Companies To Announce Dividend Increases In First Half Of May

The headline numbers for Alerus (ALRS) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Alerus (ALRS) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Alerus (ALRS) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.40 per share a year ago.

News for Alerus Financial Corp Stock (ALRS)