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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GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its third quarter 2021 financial results on Wednesday, October 27, 2021. Alerus Financial Corporation will also host a conference call at 9:00 a.m. Central Time on Thursday, October 28, 2021 to discuss its financial results. Analysts and investors may participate in the question-and-answer session. Conference Call Information Date: Thursday, October 28, 2021 Time: 10:00 a.m. Eastern Time

Alerus Financial Corporation to Announce Third Quarter 2021 Financial Results on Wednesday, October 27

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced today that its Board of Directors appointed Katie A. Lorenson, the Company's current Executive Vice President and Chief Financial Officer, as the Company's next President and Chief Executive Officer, effective January 1, 2022. Ms. Lorenson will also join the Company's Board of Directors upon assuming her new role. Randy L. Newman will transition to the role of Executive Chairman of the Boar

Alerus Financial Corporation Announces CEO Transition

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus is pleased to announce Bank Director magazine has named it the #9 overall performing bank out of the 300 largest publicly traded U.S. banks. Bank Director's annual Bank Performance Scorecard ranks publicly traded banks based on their previous year's performance using five metrics that reflect a bank's profitability, asset quality, and capital adequacy. Metrics include return on average equity, return on average assets, tangible common equity to tangibl

Alerus Performance Earns Spot Among Top 10 Banks in U.S.

Alerus Financial Corporation (ALRS) CEO Randy Newman on Q2 2021 Results - Earnings Call Transcript

Alerus (ALRS) delivered earnings and revenue surprises of 17.86% and 4.78%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Alerus (ALRS) Surpasses Q2 Earnings and Revenue Estimates

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $11.7 million for the second quarter of 2021, or $0.66 per diluted common share, compared to net income of $15.2 million, or $0.86 per diluted common share, for the first quarter of 2021, and net income of $11.5 million, or $0.65 per diluted common share, for the second quarter of 2020. CEO Comments Chairman, President, and Chief Executive Officer Randy Newman said, “Alerus continues to delive

Alerus Financial Corporation Reports Second Quarter 2021 Net Income of $11.7 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) Q2 Earnings Expected to Decline

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its second quarter 2021 financial results after market close on Wednesday, July 28, 2021. Alerus Financial Corporation will also host a conference call at 9:00 a.m. Central Time on Thursday, July 29, 2021 to discuss its financial results. Analysts and investors may participate in the question-and-answer session. Conference Call Information Date: Thursday, July 29, 2021 Time: 10:00 a.m. E

Alerus Financial Corporation to Announce Second Quarter 2021 Financial Results on Wednesday, July 28

Alerus (ALRS) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Alerus (ALRS) Moves 5.4% Higher: Will This Strength Last?

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15 Upcoming Dividend Increases Including A New Dividend King

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) is pleased to announce it is strengthening its U.S. Small Business Administration lending capabilities with the addition of an expert SBA team. Led by industry veteran John Kimball, who most recently served as SBA lending manager at MidWestOne Bank, the five-person team collectively has more than 100 years of business banking and small business lending experience at community and regional banks. “Adding this level of expe

Alerus Expands SBA Lending Strength with Addition of 5 Specialists

Alerus Financial's unique operating structure helps it outperform peers even in challenging banking environments such as the one we are in currently. Alerus' higher ROE and burgeoning non-interest income businesses command a higher valuation than peers, even though it is currently trading at a cheaper multiple.

Alerus Financial: Competitive Advantages At A Reasonable Price

Alerus (ALRS) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Alerus (ALRS) Surges 6.6%: Is This an Indication of Further Gains?

Alerus Financial (ALRS) announces a dividend hike of 6.7% to 16 cents per share. Should one invest in the stock to earn this dividend income?

Alerus Financial (ALRS) Hikes Dividend: Is It Worth Buying?

Alerus Financial Corporation's (ALRS) CEO Randy Newman on Q1 2021 Results - Earnings Call Transcript

Alerus Financial (ALRS) has been struggling lately, but the selling pressure may be coming to an end soon

Alerus Financial (ALRS) Sees Hammer Chart Pattern: Time to Buy?

Alerus (ALRS) delivered earnings and revenue surprises of 36.51% and 10.15%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Alerus (ALRS) Q1 Earnings and Revenues Surpass Estimates

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $15.2 million for the first quarter of 2021, or $0.86 per diluted common share, compared to net income of $10.2 million, or $0.57 per diluted common share, for the fourth quarter of 2020, and net income of $5.4 million, or $0.30 per diluted common share, for the first quarter of 2020. CEO Comments Chairman, President, and Chief Executive Officer Randy Newman said, “We are pleased to report our

Alerus Financial Corporation Reports First Quarter 2021 Net Income of $15.2 Million

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) is pleased to announce it has received the Raymond James Community Bankers Cup award for 2020. Now in its ninth year, this prestigious award recognizes the top 10% of 241 publicly traded community banks in the U.S. with assets between $500 million and $10 billion. Recipients demonstrated superior financial performance in one or more of six financial performance and stability areas, as identified and measured by Raym

Raymond James Ranks Alerus Among Top 10% of Community Banks

Alerus (ALRS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Alerus (ALRS) Upgraded to Buy: What Does It Mean for the Stock?

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its first quarter 2021 financial results on Wednesday, April 28, 2021. Alerus Financial Corporation will also host a conference call at 9:00 a.m. Central Time on Thursday, April 29, 2021 to discuss its financial results. Analysts and investors may participate in the question-and-answer session. Conference Call Information Date: Thursday, April 29, 2021 Time: 10:00 a.m. Eastern Time / 9:0

Alerus Financial Corporation to Announce First Quarter 2021 Financial Results on Wednesday, April 28

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it has completed the private placement of a $50 million Subordinated Note due 2031 (the “Note”) with The Bank of North Dakota (“BND”). The Note will bear interest at a fixed rate of 3.50% until March 30, 2026, and thereafter will bear interest until maturity at the 5-year FHLB advance rate, plus 2.00%, with a minimum annual fixed rate of not less than 3.50%. The Note was issued at the holding company

Alerus Financial Corporation Announces Private Placement of a $50 Million Subordinated Note Due 2031

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.15 per common share. The dividend is payable on April 9, 2021, to shareholders of record as of close of business on March 19, 2021. The Company also announced that its board of directors approved a stock repurchase program (the “Program”) which authorizes the Company to repurchase up to 770,000 shares of its common stock, subject

Alerus Financial Corporation Declares Dividend and Announces Stock Repurchase Program

Alerus Financial's (ALRS) CEO Randy Newman on Q4 2020 Results - Earnings Call Transcript

Alerus (ALRS) delivered earnings and revenue surprises of -8.07% and 11.82%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

News for Alerus Financial Corp Stock (ALRS)