Alerus Financial Corporation

NasdaqCM:ALRS Stock Report

Market Cap: US$506.5m

Alerus Financial Management

Management criteria checks 4/4

Alerus Financial's CEO is Katie Lorenson, appointed in Jan 2022, has a tenure of 2.92 years. total yearly compensation is $1.09M, comprised of 50.3% salary and 49.7% bonuses, including company stock and options. directly owns 0.18% of the company’s shares, worth $927.83K. The average tenure of the management team and the board of directors is 2.5 years and 6.4 years respectively.

Key information

Katie Lorenson

Chief executive officer

US$1.1m

Total compensation

CEO salary percentage50.3%
CEO tenure2.9yrs
CEO ownership0.2%
Management average tenure2.5yrs
Board average tenure6.4yrs

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 $0.20

Alerus Financial (NASDAQ:ALRS) Is Increasing Its Dividend To $0.19

May 15
Alerus Financial (NASDAQ:ALRS) Is Increasing Its Dividend To $0.19

Alerus Financial Corporation declares $0.18 dividend

Sep 13

Alerus Financial Corporation GAAP EPS of $0.52 misses by $0.03, revenue of $52.02M misses by $2.88M

Jul 27

Alerus Financial appoints Jon Hendry as chief technology officer

Jul 20

Alerus Financial completes acquisition of Metro Phoenix Bank holding company

Jul 01

Alerus Financial (NASDAQ:ALRS) Is Paying Out A Larger Dividend Than Last Year

May 29
Alerus Financial (NASDAQ:ALRS) Is Paying Out A Larger Dividend Than Last Year

CEO Compensation Analysis

How has Katie Lorenson's remuneration changed compared to Alerus Financial's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$3m

Jun 30 2024n/an/a

US$7m

Mar 31 2024n/an/a

US$10m

Dec 31 2023US$1mUS$550k

US$12m

Sep 30 2023n/an/a

US$37m

Jun 30 2023n/an/a

US$38m

Mar 31 2023n/an/a

US$38m

Dec 31 2022US$1mUS$550k

US$40m

Sep 30 2022n/an/a

US$41m

Jun 30 2022n/an/a

US$45m

Mar 31 2022n/an/a

US$47m

Dec 31 2021US$664kUS$336k

US$52m

Sep 30 2021n/an/a

US$49m

Jun 30 2021n/an/a

US$54m

Mar 31 2021n/an/a

US$54m

Dec 31 2020US$635kUS$320k

US$44m

Compensation vs Market: Katie's total compensation ($USD1.09M) is below average for companies of similar size in the US market ($USD2.16M).

Compensation vs Earnings: Katie's compensation has been consistent with company performance over the past year.

CEO

Katie Lorenson (43 yo)

2.9yrs

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

NamePositionTenureCompensationOwnership
Katie Lorenson
President2.9yrsUS$1.09m0.18%
$ 927.8k
Karin Taylor
Executive VP & Chief Operating Officerless than a yearUS$622.88k0.099%
$ 503.4k
Jim Collins
Executive VP and Chief Banking & Revenue Officer2.6yrsUS$730.52k0.054%
$ 273.5k
Alan Villalon
Executive VP & CFO2.9yrsno data0.037%
$ 185.6k
Sunil Swami
Chief Investment Officerno datano datano data
Kari Koob
Director of Accounting & Principal Accounting Officer1.3yrsno data0.0058%
$ 29.5k
Jonathan Hendry
Executive VP & CTO2.4yrsno data0.30%
$ 1.5m
Bonnie Upham
Chief Compliance Officer32.3yrsno datano data
Scott Fenske
General Counsel & Corporate Secretaryno datano datano data
Chris Wolf
Commercial Banking Executive & Regional Presidentno datano datano data
Missy Keney
Executive VP & Chief Engagement Officer2.4yrsno data0.077%
$ 389.7k
Mark Alley
Market President of National Marketno datano datano data

2.5yrs

Average Tenure

51yo

Average Age

Experienced Management: ALRS's management team is considered experienced (2.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Katie Lorenson
President3.9yrsUS$1.09m0.18%
$ 927.8k
Daniel Coughlin
Independent Chairman8.9yrsUS$107.88k0.18%
$ 898.7k
Galen Vetter
Independent Director11.9yrsUS$89.00k0.20%
$ 997.3k
Mary Zimmer
Independent Director3.2yrsUS$85.63k0.033%
$ 164.9k
Randy Newman
Director36.9yrsUS$81.00k3.17%
$ 16.1m
Lisa Meyer
Member of Twin Cities Advisory Boardno datano datano data
Janet Estep
Independent Director3.2yrsUS$88.00k0.042%
$ 214.2k
Dennis Monroe
Member of Twin Cities Advisory Boardno datano datano data
Laurence Gamst
Member of Twin Cities Advisory Boardno datano datano data
Julie Newrai
Member of Twin Cities Advisory Boardno datano datano data
James Nichols
Member of Twin Cities Advisory Boardno datano datano data
Hillary Feder
Member of Twin Cities Advisory Boardno datano datano data

6.4yrs

Average Tenure

64yo

Average Age

Experienced Board: ALRS's board of directors are considered experienced (6.4 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 05:45
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

AnalystInstitution
Jeffrey RulisD.A. Davidson & Co.
null nullD.A. Davidson & Co.
Brendan NosalHovde Group, LLC