Alerus Financial Corporation (ALRS) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Alaris Financial Corporation Earnings Conference Call. All participants will be on listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. 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 statement. Important factors that could cause actual results to differ materially from those indicated in the forward-looking statement are listed in the earnings release and the company's SEC filings. I would now like to turn the conference over to Alaris Financial Corporation's President and CEO, Katie Lawenson. Please go ahead. Thank you. Good morning, and thank you for joining us today. I'm Katie Orenson, President and CEO, and I'm pleased to be here with our Chief Financial Officer, Al Hillelon, our Collaborating Officer, Karin Taylor, our Chief Banking and Revenue Officer, Jim Collins, and our Chief Retirement Services Officer, Forrest Wilkins. Each of these leaders continues to play a crucial role in driving our company's progress to transformational growth and top-tier performance. This quarter marks a significant step forward in our journey to deliver long-term, sustainable top-tier performance as we reported an adjusted earnings per diluted share of of 72 cents, which represents an adjusted return on assets of 1.41%. Our results reflect our efforts to build on the strength of our uniquely diversified business model, combining traditional commercial and private banking with the highly valuable and capital-light fee-based businesses in wealth management and re...