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 | 2.7yrs |
| Board average tenure | 6.5yrs |
Recent management updates
Recent updates
Alerus Financial (NASDAQ:ALRS) Is Increasing Its Dividend To $0.20
May 31
Alerus Financial (NASDAQ:ALRS) Is Increasing Its Dividend To $0.19
May 15Alerus Financial Corporation declares $0.18 dividend
Sep 13Alerus Financial Corporation GAAP EPS of $0.52 misses by $0.03, revenue of $52.02M misses by $2.88M
Jul 27Alerus Financial appoints Jon Hendry as chief technology officer
Jul 20Alerus Financial completes acquisition of Metro Phoenix Bank holding company
Jul 01CEO 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 below average for companies of similar size in the US market ($USD2.14M).
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% $ 934.8k | |
| Executive VP & COO | 1yr | US$622.88k | 0.099% $ 507.1k | |
| Executive VP and Chief Banking & Revenue Officer | 2.7yrs | US$730.52k | 0.047% $ 241.3k | |
| Executive VP & CFO | 3yrs | no data | 0.037% $ 187.0k | |
| Chief Investment Officer | no data | no data | no data | |
| Director of Accounting & Principal Accounting Officer | 1.4yrs | no data | 0.0058% $ 29.8k | |
| 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% $ 392.6k | |
| Market President of National Market | no data | no data | no data | |
| Senior Vice President of Product & Strategy | 2.7yrs | no data | no data |
2.7yrs
Average Tenure
50yo
Average Age
Experienced Management: ALRS's management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4yrs | US$1.09m | 0.18% $ 934.8k | |
| Independent Chairman | 9yrs | US$107.88k | 0.18% $ 905.4k | |
| Independent Director | 12yrs | US$89.00k | 0.20% $ 1.0m | |
| Independent Director | 3.3yrs | US$85.63k | 0.033% $ 166.1k | |
| Director | 37yrs | US$81.00k | 3.17% $ 16.2m | |
| Member of Twin Cities Advisory Board | no data | no data | no data | |
| Independent Director | 3.3yrs | US$88.00k | 0.042% $ 215.8k | |
| 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: ALRS'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 | 2025/01/23 04:50 |
| End of Day Share Price | 2025/01/23 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 |
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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 here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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 9 analysts. 4 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 |