Alerus Financial Management
Management criteria checks 4/4
We currently do not have sufficient information about the CEO.
Key information
Katie Lorenson
Chief executive officer
US$1.1m
Total compensation
| CEO salary percentage | 50.3% |
| CEO tenure | 3yrs |
| CEO ownership | 0.2% |
| Management average tenure | 2.6yrs |
| Board average tenure | 6.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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$44m |
Compensation vs Market: Katie's total compensation ($USD1.09M) is about average for companies of similar size in the German market ($USD1.00M).
Compensation vs Earnings: Katie's compensation has been consistent with company performance over the past year.
CEO
Katie Lorenson (43 yo)
3yrs
Tenure
US$1,093,405
Compensation
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 |
|---|---|---|---|---|
| President | 3yrs | US$1.09m | 0.18% € 862.0k | |
| Executive VP & Chief Operating Officer | less than a year | US$622.88k | 0.099% € 467.7k | |
| Executive VP and Chief Banking & Revenue Officer | 2.7yrs | US$730.52k | 0.054% € 254.1k | |
| Executive VP & CFO | 3yrs | no data | 0.037% € 172.5k | |
| Chief Investment Officer | no data | no data | no data | |
| Director of Accounting & Principal Accounting Officer | 1.4yrs | no data | 0.0058% € 27.4k | |
| Executive VP & CTO | 2.5yrs | no data | 0.30% € 1.4m | |
| Chief Compliance Officer | 32.3yrs | no data | no data | |
| General Counsel & Corporate Secretary | no data | no data | no data | |
| Commercial Banking Executive & Regional President | no data | no data | no data | |
| Executive VP & Chief Engagement Officer | 2.5yrs | no data | 0.077% € 362.0k | |
| Market President of National Market | no data | no data | no data |
2.6yrs
Average Tenure
51yo
Average Age
Experienced Management: 5QD's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4yrs | US$1.09m | 0.18% € 862.0k | |
| Independent Chairman | 9yrs | US$107.88k | 0.18% € 835.0k | |
| Independent Director | 12yrs | US$89.00k | 0.20% € 926.6k | |
| Independent Director | 3.3yrs | US$85.63k | 0.033% € 153.2k | |
| Director | 37yrs | US$81.00k | 3.17% € 14.9m | |
| Member of Twin Cities Advisory Board | no data | no data | no data | |
| Independent Director | 3.3yrs | US$88.00k | 0.042% € 199.0k | |
| Member of Twin Cities Advisory Board | no data | no data | no data | |
| Member of Twin Cities Advisory Board | no data | no data | no data | |
| Member of Twin Cities Advisory Board | no data | no data | no data | |
| Member of Twin Cities Advisory Board | no data | no data | no data | |
| Member of Twin Cities Advisory Board | no data | no data | no data |
6.5yrs
Average Tenure
64yo
Average Age
Experienced Board: 5QD's board of directors are considered experienced (6.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/01 10:47 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
| |
| Management | 10 years |
| |
| 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 here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
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 .
Analyst Sources
Alerus Financial Corporation is covered by 8 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. |
| null null | D.A. Davidson & Co. |
| Brendan Nosal | Hovde Group, LLC |