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Adam Crow

Managing Director and Senior Research Analyst at Piper Sandler & Co.

Adam Crow is a Managing Director and Senior Research Analyst at Piper Sandler, specializing in equity research within the consumer and retail space. He covers prominent companies such as Walmart, Target, Dollar General, and Costco, and is recognized on analyst-rating platforms for generating above-average accuracy with a strong history of actionable buy/sell calls. Crow began his finance career in the early 2000s, advancing through analyst positions at leading investment banks before joining Piper Sandler, where he has become known for deep sector knowledge and leadership. He holds FINRA Series 7, 63, 86, and 87 securities licenses and has been featured for his sector insights in major financial media.

Adam Crow's questions to ALERUS FINANCIAL (ALRS) leadership

Question · Q1 2025

Speaking for Nate Race, Adam Crow asked about the primary geographies and segments driving loan growth, the outlook for core expenses, and the company's priorities for capital deployment, including M&A appetite.

Answer

An executive, likely Chief Banking and Revenue Officer Jim Collins, noted that growth is coming from taking C&I market share in Arizona, Minnesota, and North Dakota. Chief Financial Officer Alan Villalon reaffirmed low double-digit expense growth guidance for the year, with Q2 core expenses projected at $49 million. President and CEO Katie Lorenson outlined capital priorities as organic growth, retirement business acquisitions, and dividends.

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