Alerus Financial Management
Management criteria checks 2/4
Alerus Financial's CEO is Katie Lorenson, appointed in Jan 2022, has a tenure of 3.33 years. total yearly compensation is $1.34M, comprised of 44.8% salary and 55.2% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth €988.27K. The average tenure of the management team and the board of directors is 2.9 years and 3.6 years respectively.
Key information
Katie Lorenson
Chief executive officer
US$1.3m
Total compensation
| CEO salary percentage | 44.79% |
| CEO tenure | 3.3yrs |
| CEO ownership | 0.2% |
| Management average tenure | 2.9yrs |
| Board average tenure | 3.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2025 | n/a | n/a | US$25m |
| Dec 31 2024 | US$1m | US$600k | US$18m |
| Sep 30 2024 | n/a | n/a | US$3m |
| Jun 30 2024 | n/a | n/a | US$7m |
| Mar 31 2024 | n/a | n/a | US$10m |
| Dec 31 2023 | US$1m | US$550k | US$12m |
| Sep 30 2023 | n/a | n/a | US$37m |
| Jun 30 2023 | n/a | n/a | US$38m |
| Mar 31 2023 | n/a | n/a | US$38m |
| Dec 31 2022 | US$1m | US$550k | US$40m |
| Sep 30 2022 | n/a | n/a | US$41m |
| Jun 30 2022 | n/a | n/a | US$45m |
| Mar 31 2022 | n/a | n/a | US$47m |
| Dec 31 2021 | US$664k | US$336k | US$52m |
| Sep 30 2021 | n/a | n/a | US$49m |
| Jun 30 2021 | n/a | n/a | US$54m |
| Mar 31 2021 | n/a | n/a | US$54m |
| Dec 31 2020 | US$635k | US$320k | US$44m |
Compensation vs Market: Katie's total compensation ($USD1.34M) is above average for companies of similar size in the German market ($USD917.60K).
Compensation vs Earnings: Katie's compensation has increased by more than 20% in the past year.
CEO
Katie Lorenson (43 yo)
Ms. Katie A. Lorenson is President, CEO & Director of Alerus Financial Corporation from January 01, 2022. She joined the Alerus Financial Corporation on December 18, 2017. She was Executive VP & CFO of Ale...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 9.3yrs | US$126.50k | 0.18% € 880.0k | |
| President | 3.3yrs | US$1.34m | 0.20% € 988.3k | |
| Executive VP & CFO | 3.3yrs | US$661.48k | 0.034% € 166.8k | |
| Executive VP & COO | 1.3yrs | US$721.52k | 0.10% € 517.8k | |
| Executive VP and Chief Banking & Revenue Officer | 3yrs | US$841.89k | 0.053% € 265.0k | |
| Executive Vice President & Chief Retirement Services Officer | 1.3yrs | US$949.39k | 0.056% € 278.0k | |
| Chief Investment Officer | no data | no data | no data | |
| Director of Accounting | 1.8yrs | no data | 0.0058% € 28.9k | |
| Chief Compliance Officer | 32.7yrs | no data | no data | |
| Commercial Banking Executive & Regional President | no data | no data | no data | |
| Executive VP & Chief Engagement Officer | 2.8yrs | no data | 0.082% € 407.2k | |
| Market President of National Market | no data | no data | no data |
Experienced Management: 5QD's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 9.3yrs | US$126.50k | 0.18% € 880.0k | |
| President | 4.3yrs | US$1.34m | 0.20% € 988.3k | |
| Independent Director | 12.3yrs | US$107.00k | 0.20% € 976.5k | |
| Independent Director | 3.6yrs | US$104.75k | 0.033% € 161.5k | |
| Director | 38.3yrs | US$103.00k | 3.17% € 15.7m | |
| Independent Director | 1.4yrs | US$97.00k | 0.013% € 63.2k | |
| Independent Director | less than a year | US$53.50k | 0.036% € 176.9k | |
| Independent Director | 3.6yrs | US$103.00k | 0.042% € 209.7k | |
| Independent Director | 1.4yrs | US$98.00k | 0.013% € 63.2k |
Experienced Board: 5QD's board of directors are considered experienced (3.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/19 10:31 |
| End of Day Share Price | 2025/05/19 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Alerus Financial Corporation is covered by 5 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jeffrey Rulis | D.A. Davidson & Co. |
| Brendan Nosal | Hovde Group, LLC |
| Damon DelMonte | Keefe, Bruyette, & Woods |