Alerus Financial Corporation (ALRS) Q3 2024 Earnings Call Transcript

Alerus Financial Corporation (NASDAQ:ALRS) Q3 2024 Earnings Conference Call October 30, 2024 12:00 PM ET

Company Participants

Katie Lorenson – President and CEO
Al Villalon – Chief Financial Officer
Karin Taylor – Chief Operating and Risk Officer
Jim Collins – Chief Revenue Officer and Head, Commercial Wealth Bank
Forrest Wilson – Chief Retirement Services Officer

Conference Call Participants

Jeff Rulis – D.A. Davidson & Co.
David Feaster – Raymond James
Brendan Nosal – Hovde
Nathan Race – Piper Sandler
Damon DelMonte – KBW

Operator

Hello, everyone. And welcome to the Alerus Financial Corporation Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. Please note, this event is being recorded.

This call may include forward-looking statements and the company’s actual results may differ materially from those indicated in any forward-looking statements. Important factors that could cause actual results to differ materially from those indicated in the forward-looking statements are listed in the earnings release and the company’s SEC feelings.

I would now like to turn the conference call over to the Alerus Financial Corporation President and CEO, Katie Lorenson, to begin. Katie, please go ahead.

Katie Lorenson

Thank you. Good morning, everyone. Thank you for joining us today for our quarterly earnings call. Here in the Twin City today with me is Al Villalon, our CFO; Karin Taylor, our Chief Operating and Risk Officer; and Jim Collins, our Chief Revenue Officer and Head of our Commercial Wealth Bank. Forrest Wilson, our Chief Retirement Services Officer is also joining us on the call.

I’ll start the call with some prepared remarks and strategic highlights for the quarter. Al will spend a few minutes hitting on the key financial highlights, and then we will address your questions.

There is