Adam Crow's questions to Alerus Financial Corp (ALRS) leadership • Q1 2025
Question
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.