Alerus Financial Corporation (ALRS) Q2 2023 Earnings Call Transcript

Alerus Financial Corporation (ALRS) Q2 2023 Earnings Call Transcript

Alerus Monetary Company (NASDAQ:ALRS) Q2 2023 Earnings Convention Name July 29, 2023 12:00 PM ET

Firm Members

Katie Lorenson – President, Chief Govt Officer

Alan Villalon – Chief Monetary Officer

Karin Taylor – Chief Danger & Working Officer

Jim Collins – Chief Baking and Income Officer

Convention Name Members

Ben Gerlinger – Hovde

Jeff Rulis – D.A. Davidson

Nathan Race – Piper Sandler

Eric Spector – Raymond James

Damon DelMonte – KBW

Operator

Good day! And welcome to the Alerus Monetary Company Earnings Convention Name. All individuals can be in listen-only mode. [Operator Instructions]. Please notice, this occasion is being recorded.

This name could embody forward-looking statements and the corporate’s precise outcomes could differ materially from these indicated in any forward-looking statements. Essential elements that would trigger precise outcomes to vary materially from these indicated within the forward-looking statements are listed within the earnings launch and the corporate’s SEC filings.

I might now like to show the convention over to Alerus Monetary Company, President and CEO, Katie Lorenson. Please go forward.

Katie Lorenson

Good morning, and thanks Bailey. Thanks to our analysis analysts for becoming a member of our name this morning, in addition to our buyers, employers and Administrators for taking the time to hear in.

We respect your curiosity and funding in Alerus. This morning I’ll present some commentary on Alerus foundational power along with the execution of our strategic evolution to a top-performing business wealth financial institution and a nationwide retirement supplier.

At this time, I’m joined by Alerus’s CFO, Alan Villalon, who will talk about our monetary efficiency and outcomes for the quarter. As well as, Karin Taylor, our Chief Danger and Working Officer; and Jim Collins, our Chief Baking and Income Officer, will be part of us to reply any questions you will have concerning the quarter.

Alerus is effectively positioned

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