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 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 $6.4 million for the first quarter of 2024, or $0.32 per diluted common share, compared to a net loss of $14.8 million, or ($0.73) per diluted common share, for the fourth quarter of 2023, and net income of $8.2 million, or $0.40 per diluted common share, for the first quarter of 2023. CEO Comments President and Chief Executive Officer Katie Lorenson said, “Our momentum continues in.

Alerus Financial Corporation Reports First Quarter 2024 Net Income of $6.4 Million

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its first quarter financial results on Wednesday, April 24, 2024. Alerus Financial Corporation will also host a conference call at 11:00 a.m. Central Time on Thursday, April 25, 2024, to discuss its financial results. Analysts and institutional investors may participate in the question-and-answer session. Conference Call Information Date: Thursday, April 25, 2024 Time: Register: 12:00 p.m. Eas.

Alerus Financial Corporation to Announce First Quarter Financial Results on Wednesday, April 24

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) announced today that Forrest Wilson will join Alerus as Executive Vice President and Chief Retirement Services Officer, effective February 26, 2024. A well-rounded retirement industry veteran, Mr. Wilson brings over 25 years of experience on both the platform/recordkeeping and investment sides of the retirement business. He has extensive knowledge in sales and distribution growth, product oversight and strategy, acquisiti.

Alerus Financial Corporation Names Forrest Wilson Chief Retirement Services Officer

Here is how Alerus (ALRS) and T. Rowe Price (TROW) have performed compared to their sector so far this year.

Has Alerus Financial (ALRS) Outpaced Other Finance Stocks This Year?

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

Can Alerus (ALRS) Run Higher on Rising Earnings Estimates?

Alerus Financial Corporation (ALRS) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Alerus (ALRS) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Alerus (ALRS) Reports Q4 Earnings: What Key Metrics Have to Say

Alerus (ALRS) came out with quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.53 per share a year ago.

Alerus (ALRS) Misses Q4 Earnings Estimates

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net loss of $14.8 million for the fourth quarter of 2023, or ($0.73) per diluted common share, compared to net income of $9.2 million, or $0.45 per diluted common share, for the third quarter of 2023, and net income of $10.9 million, or $0.53 per diluted common share, for the fourth quarter of 2022. During the fourth quarter of 2023, the Company sold $172.3 million of available-for-sale (AFS) sec.

Alerus Financial Corporation Announces Fourth Quarter 2023 Results, Including Balance Sheet Repositioning

Get a deeper insight into the potential performance of Alerus (ALRS) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Exploring Analyst Estimates for Alerus (ALRS) Q4 Earnings, Beyond Revenue and EPS

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A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates.

Dividend Champion, Contender, And Challenger Highlights: Week Of January 7

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its fourth quarter and full-year 2023 financial results on Wednesday, January 24, 2024. Alerus Financial Corporation will also host a conference call at 11:00 a.m. Central Time on Thursday, January 25, 2024, to discuss its financial results. Analysts and institutional investors may participate in the question-and-answer session. Conference Call Information Date: Thursday, January 25, 2024 Time.

Alerus Financial Corporation to Announce Fourth Quarter and Full-Year 2023 Financial Results on Wednesday, January 24

Alerus (ALRS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

All You Need to Know About Alerus (ALRS) Rating Upgrade to Buy

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.

Should Value Investors Buy Alerus Financial (ALRS) Stock?

MINNEAPOLIS--(BUSINESS WIRE)--On December 15, 2023, Alerus Financial Corporation (NASDAQ: ALRS) completed the sale of $172.3 million of available-for-sale securities (“AFS”). The sale resulted in a one-time pre-tax net loss of $24.7 million. Proceeds from the sale will be reinvested into loans to new and existing clients throughout the communities the Company serves in addition to paying down borrowings. The weighted average yield on the AFS securities sold was 2.66% and the estimated time to e.

Alerus Financial Corporation Sells $172.3M of Debt Securities and Uses Proceeds to Fund Loan Growth, Cut Borrowings

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.19 per common share, a 5.56% increase over the dividend paid a year ago. The dividend is payable on January 12, 2024, to shareholders of record as of close of business on December 27, 2023. Current and historic dividend information, as well as quarterly financial statements, investor presentations, and earnings call transcripts are avai.

Alerus Financial Corporation Declares Cash Dividend on Common Shares and Announces New Stock Repurchase Program

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.

Strength Seen in Alerus (ALRS): Can Its 8.8% Jump Turn into More Strength?

Alerus Financial Corporation (NASDAQ:ALRS ) Q3 2023 Earnings Conference Call October 26, 2023 12:00 PM ET Company Participants Katie Lorenson - President, Chief Executive Officer Alan Villalon - Chief Financial Officer Karin Taylor - Chief Risk & Operating Officer Jim Collins - Chief Baking and Revenue Officer Conference Call Participants Jeff Rulis - D.A. Davidson David Feaster - Raymond James Nathan Race - Piper Sandler Matt Renck - KBW Operator Hello everyone, and welcome to the Alerus Financial Corporation Earnings Conference Call.

Alerus Financial Corporation (ALRS) Q3 2023 Earnings Call Transcript

Alerus (ALRS) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.54 per share a year ago.

Alerus (ALRS) Surpasses Q3 Earnings and Revenue Estimates

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $9.2 million for the third quarter of 2023, or $0.45 per diluted common share, compared to net income of $9.1 million, or $0.45 per diluted common share, for the second quarter of 2023, and net income of $9.6 million, or $0.47 per diluted common share, for the third quarter of 2022. CEO Comments President and Chief Executive Officer Katie Lorenson said, “Alerus' fundamental executio.

Alerus Financial Corporation Reports Third Quarter 2023 Net Income of $9.2 Million

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its third quarter financial results on Wednesday, October 25, 2023. Alerus Financial Corporation will also host a conference call at 11:00 a.m. Central Time on Thursday, October 26, 2023, to discuss its financial results. Analysts and institutional investors may participate in the question-and-answer session. Conference Call Information Date: Thursday, October 26, 2023 Time: Webcast: 12:00 p.m.

Alerus Financial Corporation to Announce Third Quarter Financial Results on Wednesday, October 25

Is Alerus Financial (ALRS) a great pick from the value investor's perspective right now? Read on to know more.

Is Alerus Financial (ALRS) a Worthy Stock for Value Investors?

Alerus Financial Corporation (NASDAQ:ALRS ) Q2 2023 Earnings Conference Call July 29, 2023 12:00 PM ET Company Participants Katie Lorenson - President, Chief Executive Officer Alan Villalon - Chief Financial Officer Karin Taylor - Chief Risk & Operating Officer Jim Collins - Chief Baking and Revenue Officer Conference Call Participants Ben Gerlinger - Hovde Jeff Rulis - D.A. Davidson Nathan Race - Piper Sandler Eric Spector - Raymond James Damon DelMonte - KBW Operator Hello!

Alerus Financial Corporation (ALRS) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for Alerus (ALRS) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Alerus (ALRS) Q2 Earnings: A Look at Key Metrics

Alerus (ALRS) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.57 per share a year ago.

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