Alerus Financial Management
Management criteria checks 3/4
Alerus Financial's CEO is Katie Lorenson, appointed in Jan 2021, has a tenure of 5.5 years. total yearly compensation is $1.63M, comprised of 38.3% salary and 61.7% bonuses, including company stock and options. directly owns 0.26% of the company’s shares, worth $2.14M. The average tenure of the management team and the board of directors is 4.2 years and 4.7 years respectively.
Key information
Katie Lorenson
Chief executive officer
US$1.6m
Total compensation
| CEO salary percentage | 38.34% |
| CEO tenure | 5.5yrs |
| CEO ownership | 0.3% |
| Management average tenure | 4.2yrs |
| Board average tenure | 4.7yrs |
Recent management updates
Recent updates
ALRS: Diversified Fee Businesses, Dividend And Credit Costs Will Guide Balanced Outlook
Alerus Financial’s analyst fair value estimate has been reset from $28.13 to $31.00. This reflects analysts’ updated price targets in the low $30s and their view that its diversified banking, wealth management, and retirement services can support durable earnings and fee income over time.ALRS: Dividend, Buybacks And Credit Costs Will Shape Fairly Balanced Outlook
Analysts have slightly lifted their price target for Alerus Financial to $28.13, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E in recent Street research. What’s in the News for Alerus Financial Alerus Financial declared a regular quarterly cash dividend of $0.22 per common share on May 21, 2026, an increase of 4.76% compared with the dividend paid a year earlier.ALRS: Future Credit Costs And Payout Actions Will Shape Fairly Balanced Outlook
Analysts have nudged their price target for Alerus Financial up by $0.13 to $28.13, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E, along with recent Street research that included a $0.50 target increase from one firm. What's in the News On May 21, 2026, Alerus Financial's board declared a regular quarterly cash dividend of $0.22 per common share, a 4.76% increase compared with the dividend paid a year earlier.ALRS: Higher Revenue Assumptions Will Meet Rising Credit Cost Risks
Analysts have raised their price target on Alerus Financial from $25.70 to $28.00, citing updated assumptions around higher projected revenue growth, improved profit margins, a lower discount rate, and a reduced future P/E multiple. Analyst Commentary Recent research around Alerus Financial focuses on how updated assumptions for revenue, margins, and valuation metrics feed into the higher price target and what could still hold the stock back.Alerus Financial (NASDAQ:ALRS) Has Announced A Dividend Of $0.21
Alerus Financial Corporation ( NASDAQ:ALRS ) has announced that it will pay a dividend of $0.21 per share on the 10th...Shareholders Will Probably Hold Off On Increasing Alerus Financial Corporation's (NASDAQ:ALRS) CEO Compensation For The Time Being
Key Insights Alerus Financial will host its Annual General Meeting on 8th of May CEO Katie Lorenson's total...
Expanding Revenue Streams And Decisive Acquisitions Set To Drive Robust Growth And Profitability Surge
Diversification in revenue streams across commercial, wealth, and private banking segments suggests underlying strength and potential for future earnings growth.Alerus Financial (NASDAQ:ALRS) Is Increasing Its Dividend To $0.20
The board of Alerus Financial Corporation ( NASDAQ:ALRS ) has announced that it will be increasing its dividend by 5.3...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | US$27m |
| Dec 31 2025 | US$2m | US$625k | US$17m |
| Sep 30 2025 | n/a | n/a | US$50m |
| Jun 30 2025 | n/a | n/a | US$38m |
| 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$44m |
Compensation vs Market: Katie's total compensation ($USD1.63M) is below average for companies of similar size in the US market ($USD3.58M).
Compensation vs Earnings: Katie's compensation has increased by more than 20% in the past year.
CEO
Katie Lorenson (45 yo)
Ms. Katie A. Lorenson, C.P.A., is President and Chief Executive Officer of Alerus Financial Corporation since 2021 and serves as its Member of Board of Directors. She joined the Alerus Financial Corporatio...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 10.5yrs | US$125.00k | 0.20% $ 1.6m | |
| President | 5.5yrs | US$1.63m | 0.26% $ 2.1m | |
| Executive VP & CFO | 4.5yrs | US$768.69k | 0.066% $ 540.4k | |
| Executive VP & COO | 7.7yrs | US$848.79k | 0.12% $ 1.0m | |
| Executive VP and Chief Banking & Revenue Officer | 4.2yrs | US$967.40k | 0.067% $ 551.5k | |
| Executive VP & Chief Retirement Services Officer | 2.4yrs | US$816.20k | 0.057% $ 465.4k | |
| Director of Accounting | 2.9yrs | no data | 0.0063% $ 52.2k | |
| Executive VP & Chief Engagement Officer | 21.5yrs | no data | 0.095% $ 785.4k | |
| Chief Risk Officer | 1.6yrs | no data | no data | |
| Senior VP & Director of Wealth Advisory Services | 1.3yrs | no data | no data |
Experienced Management: ALRS's management team is considered experienced (4.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 10.5yrs | US$125.00k | 0.20% $ 1.6m | |
| President | no data | US$1.63m | 0.26% $ 2.1m | |
| Independent Director | 13.5yrs | US$105.25k | 0.21% $ 1.8m | |
| Independent Director | 4.8yrs | US$102.25k | 0.049% $ 405.4k | |
| Director | 4.6yrs | US$102.00k | 3.22% $ 26.5m | |
| Independent Director | 2.6yrs | US$94.00k | 0.029% $ 240.9k | |
| Independent Director | 1.8yrs | US$94.00k | 0.056% $ 464.0k | |
| Independent Director | 4.8yrs | US$102.00k | 0.059% $ 486.2k | |
| Independent Director | 2.6yrs | US$94.00k | 0.029% $ 240.9k |
Experienced Board: ALRS's board of directors are considered experienced (4.7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/30 22:43 |
| End of Day Share Price | 2026/07/30 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| 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
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Analyst Sources
Alerus Financial Corporation is covered by 7 analysts. 3 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 |
|---|---|
| null null | D.A. Davidson & Co. |
| Jeffrey Rulis | D.A. Davidson & Co. |
| Brendan Nosal | Hovde Group, LLC |