分组1 - Alerus reported quarterly earnings of $0.32 per share, exceeding the Zacks Consensus Estimate of $0.31 per share, but down from $0.40 per share a year ago, indicating an earnings surprise of 3.23% [1] - The company generated revenues of $47.54 million for the quarter, surpassing the Zacks Consensus Estimate by 0.30%, but down from $48.91 million year-over-year [1] - Over the last four quarters, Alerus has exceeded consensus EPS estimates three times and has topped consensus revenue estimates three times as well [1] 分组2 - Alerus shares have declined approximately 6.3% year-to-date, while the S&P 500 has gained 6.3% [2] - The future performance of Alerus stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [2] - The current consensus EPS estimate for the upcoming quarter is $0.40 on revenues of $49.9 million, and for the current fiscal year, it is $1.53 on revenues of $200.5 million [4] 分组3 - The Zacks Industry Rank for Financial - Miscellaneous Services is in the top 38% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [4] - Another company in the same industry, NerdWallet, Inc. (NRDS), is expected to report results for the quarter ended March 2024 on April 25, with a consensus EPS estimate of break-even and revenues expected to decline by 7.2% year-over-year [5]

Exhibit 99.1 Alan A. Villalon, Chief Financial Officer 952.417.3733 (Office) FOR RELEASE (04.24.2024) (1) Represents a non-GAAP financial measure. See "Non-GAAP to GAAP Reconciliations and Calculation of Non-GAAP Financial Measures." Results of Operations Net Interest Income ALERUS FINANCIAL CORPORATION REPORTS FIRST QUARTER 2024 NET INCOME OF $6.4 MILLION MINNEAPOLIS, MN (April 24, 2024) – Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $6.4 million for the first quarter ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39036 ALERUS FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) Delaware 45-0375407 (State or other juri ...

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.19 per common share on February 27, 2024, a 5.56% increase over the dividend paid a year ago. The dividend is payable on April 12, 2024, to stockholders of record as of close of business on March 15, 2024. Current and historic dividend information, as well as quarterly financial statements, investor presentations, and earnings call transcripts are a ...

Core Insights - Alerus Financial Corporation announced the appointment of Forrest Wilson as Executive Vice President and Chief Retirement Services Officer, effective February 26, 2024 [1] Group 1: Leadership and Experience - Forrest Wilson has over 25 years of experience in the retirement industry, with expertise in both platform/recordkeeping and investment sectors [2] - His previous role was Senior Vice President of Retirement Plans Sales and Distribution at Ameritas Mutual Holding Company, where he was responsible for business strategy and successful acquisitions [2] - Wilson has held various management and sales leadership positions at firms including Allianz Global Investors, Aspire Financial Services, Empower, and Voya [2] Group 2: Responsibilities and Goals - As Chief Retirement Services Officer, Wilson will lead Alerus' retirement and benefits division, which serves over 8,000 employer-sponsored retirement plans and approximately 474,000 plan participants [3] - He will focus on aligning client-related areas with Alerus' client-centric approach, emphasizing the needs of third-party advisors, plan sponsors, and participants [3] Group 3: Strategic Alignment - Alerus' President and CEO, Katie Lorenson, highlighted Wilson's extensive experience and ability to lead high-performing teams, which aligns with the company's strategic objectives [4] - Wilson's track record includes integrating strategic acquisitions, accelerating organic growth, and improving client experience [4] Group 4: Company Overview - Alerus Financial Corporation is a commercial/wealth bank and national retirement services provider with offices in Grand Forks, North Dakota, and the Minneapolis-St. Paul, Minnesota metropolitan area [5] - The company offers diversified financial solutions, including banking, mortgage, retirement and benefits services, and wealth management [5] - Alerus has been providing retirement services since 1944 and serves a wide range of clients across the United States [6]

Core Insights - Alerus (ALRS) has shown strong year-to-date performance, returning approximately 3.5%, outperforming the Finance sector average of 1.8% [2][3] - The Zacks Rank for Alerus is 1 (Strong Buy), indicating a positive earnings outlook with a 19.5% increase in the consensus estimate for full-year earnings over the past 90 days [2][3] - Alerus is part of the Financial - Miscellaneous Services industry, which has gained an average of 3.2% this year, indicating better performance compared to its industry ranking of 157 [3] Company Performance - Alerus has outperformed the Finance sector, with a year-to-date return of 3.5% compared to the sector's average gain of 1.8% [2] - The stock's earnings outlook has improved significantly, with a 19.5% increase in the consensus earnings estimate over the last three months [2] - T. Rowe Price (TROW) is another Finance stock that has performed well, with a year-to-date increase of 2.1% and a consensus EPS estimate increase of 10.4% [2][3] Industry Context - The Financial - Miscellaneous Services industry, which includes Alerus, has seen an average gain of 3.2% this year, indicating a competitive performance within its sector [3] - In contrast, the Financial - Investment Management industry, to which T. Rowe Price belongs, has performed better with a 6.9% increase this year [3] - Alerus is ranked 8 in the Zacks Sector Rank, which includes 857 companies, reflecting its strong position within the Finance sector [1]

Alerus (ALRS) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-t ...

Alerus EARNINGS PRESENTATION Q4 2023 NASDAQ: ALRS DISCLAIMERS Forward-Looking Statements Thispresentation contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of Alerus Financial Corporation. These statements are often, but not a ...

Financial Data and Key Metrics Changes - Net interest income increased by 5.7% on a linked-quarter basis, driven by strong organic loan and deposit growth [11] - Net interest margin improved to 2.37%, an increase of 10 basis points from the prior quarter [12] - Tangible common equity (TCE) stood at 7.96% and common equity tier 1 (CET1) at 11.81% [9] - Tangible book value grew by 8% [9] Business Line Data and Key Metrics Changes - Total loans grew by 5.7% from the prior quarter, with significant contributions from commercial real estate, C&I, and residential real estate [13] - Deposits increased by 7.8% from the prior quarter, with non-interest-bearing deposits representing 24% of total deposits [14] - Mortgage revenues decreased by 49% from the prior quarter due to a seasonal decline in originations [18] Market Data and Key Metrics Changes - Synergistic deposits from Wealth and Retirement businesses grew by 23% year-over-year and 11.5% from the prior quarter, now accounting for over 27% of total deposits [15] - The Retirement business saw a 1.6% increase in revenues, with assets under management and administration rising by 6.2% [17] - Wealth Management revenues increased by 12.7% on a linked-quarter basis, with assets under management up by 7.9% [18] Company Strategy and Development Direction - The company is focused on prudent and disciplined organic growth while being opportunistic with strategic acquisitions in both Commercial Wealth and Retirement sectors [35] - The "One Alerus" strategy aims to enhance collaboration across business lines, leading to improved client service and market share [4][6] - The company is committed to optimizing its infrastructure to return to a history of strong profitability and tangible book value growth [63] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining momentum from Q4 2023 into 2024, highlighting a strong and diversified business model [63] - The company anticipates modest loan growth for 2024, driven by newly onboarded talent and streamlined processes [41][42] - Credit quality remains strong, with expectations of normalization in charge-off activity but no significant issues on the horizon [54] Other Important Information - Non-interest expense increased by 3.7%, primarily due to inflationary pressures [19] - The company returned $5.8 million to shareholders through dividends and share repurchases [9] - The company is actively searching for a Chief Retirement Services Officer to enhance its Retirement business [7] Q&A Session Summary Question: Insights on loan and deposit growth - Management confirmed that the strong growth was not pulled forward and is expected to continue into 2024, driven by newly acquired talent [24][25] Question: Margin improvement and rate cuts - Management indicated that net interest margins are expected to improve, with potential rate cuts further enhancing this trajectory [29][30] Question: Capital and M&A appetite - The company remains focused on organic growth but is open to strategic acquisitions in the Retirement sector [35] Question: Loan growth outlook - Management expects modest loan growth, supported by strong deposit growth and talent acquisition [41][42] Question: Credit quality outlook - Management anticipates some level of charge-off activity as credit normalizes but sees no significant issues on the horizon [54]

Alerus (ALRS) reported $46.99 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 10.5%. EPS of $0.24 for the same period compares to $0.53 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $45 million, representing a surprise of +4.41%. The company delivered an EPS surprise of -17.24%, with the consensus EPS estimate being $0.29.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how t ...