Alerus Financial Corporation (ALRS) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the Alerus Financial Corporation Earnings Conference Call. All participants are in a listen only mode. Today's call will reference slides that can be found on Alerus Investor Relations website. You can also view the presentation slides directly within the webcast platform. After today's presentation, there'll be an opportunity to ask questions for analysts and institutional investors. To ask a question during the session, you'll need to press 11 on your telephone. You will then hear an automated message advising your hand is raised. To answer your question, please press 11 again. Please note this event is being recorded. This call may contain 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 company's SEC filings. I would now like to turn the conference over to Alerus Financial Corporation's President and CEO. Katie Larson, please go ahead. Thank you, and good morning, everyone. Appreciate you joining us today. With me today are Alerus CFO, Al Villavan our Chief Operating Officer, Card Taylor our Chief Banking and Revenue Officer, Jim Collins and Alerus' Chief Retirement Services Officer, Forrest Wilson. We delivered a strong first quarter to begin 2020 and more importantly, one that demonstrates the progress we've made repositioning Alerus for higher quality, more durable performance. For the quarter, we reported net income of $23,000,000 or $0.89 per diluted share. Return on average assets was 1.79%, and return on average tangible common equity was approximately 22%. These results were dr...