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ALRS on Nasdaq

ALERUS FINANCIAL CORP

ALERUS FINANCIAL CORP is an American national commercial bank, incorporated in Delaware.1 It is headquartered in Grand Forks, North Dakota.1 Its shares trade on Nasdaq under the symbol ALRS.1

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Last updated Oct 21, 2026.

Overview

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  • TickerALRS on Nasdaq1
  • IndustryNational Commercial Banks1
  • HeadquartersGrand Forks, North Dakota1
  • Incorporated inDE2
  • Business address401 Demers Ave, Grand Forks, Nd 582012
  • Filer categoryAccelerated filer2

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Alerus Financial Corporation (the “Company”) is a diversified financial services company headquartered in Grand Forks, North Dakota. Through the Company’s subsidiary, Alerus Financial, National Association (the “Bank”), the Company provides innovative and comprehensive financial solutions to businesses and consumers through three distinct business segments—banking, retirement and benefit services, and wealth. In prior periods, the Company had a fourth operating segment, mortgage. As of January 1, 2024, the mortgage division was fully integrated into the banking division to reflect the way the Company currently manages and views the business. These solutions are delivered through a relationship oriented primary point of contact along with responsive and client friendly technology.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income56789$17.4M in 2025−41% since 2019
0$20.0M$40.0M$60.0M2019: $29.5M$29.5M20192020: $44.7M$44.7M2020+51%2021: $52.7M$52.7M2021+18%2022: $40.0M$40.0M2022−24%2023: $11.7M$11.7M2023−71%2024: $17.8M$17.8M2024+52%2025: $17.4M$17.4M2025−2%
Fiscal year20192020202120222023202420252026
Interest$18.7M5$12.3M6$5.6M7$15.8M7$77.0M7
Income before tax$69.1M7$52.2M8$15.9M9$23.2M9$22.6M9
Income tax$9.4M5$13.8M6$16.4M7$12.2M8$4.2M9$5.4M9$5.2M9
Net income$29.5M5$44.7M6$52.7M7$40.0M8$11.7M9$17.8M9$17.4M9
Earnings per share$1.965$2.576$3.027$2.128$0.599$0.849$0.699
Earnings per share (diluted)$1.915$2.526$2.977$2.108$0.589$0.839$0.689
Shares (weighted, basic)17.2M shares718.6M shares819.9M shares921.0M shares925.4M shares9
Shares (weighted, diluted)17.5M shares718.9M shares820.1M shares921.3M shares925.7M shares9

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Corporate structure

ALERUS FINANCIAL CORP sits at the top of its group. 4 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of ALERUS FINANCIAL CORP

  • ALERUS FINANCIAL CORP Grand Forks, North Dakota
    • Alerus OREO Sub, LLC Subsidiary · Minnesota, United States
    • Excelsior Financial Statutory Trust I Subsidiary · Minnesota, United States
    • Excelsior Financial Statutory Trust II Subsidiary · Minnesota, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What ALERUS FINANCIAL CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$92.0M9 Dec 31, 2025$85.3M9 Dec 31, 2024+7.8%
Accumulated depreciation$48.7M9 Dec 31, 2025$45.5M9 Dec 31, 2024+7.0%
Property and equipment, net$43.3M9 Dec 31, 2025$39.8M9 Dec 31, 2024+8.7%
Operating-lease assets (leased space)$28.8M9 Dec 31, 2025$13.4M9 Dec 31, 2024+114.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$67.2M9 Dec 31, 2025$61.2M9 Dec 31, 2024+9.7%
Loans, net of allowance$4.0B9 Dec 31, 2025$3.9B9 Dec 31, 2024+1.4%
Deposits held (banks)$4.2B9 Dec 31, 2025$4.4B9 Dec 31, 2024−4.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$85.6M9 Dec 31, 2025$85.6M9 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$33.4M9 Dec 31, 2025$43.9M9 Dec 31, 2024−24.0%
Finite-lived intangibles, gross$68.6M9 Dec 31, 2025$82.5M9 Dec 31, 2024−16.9%
Accumulated amortization$35.2M9 Dec 31, 2025$38.6M9 Dec 31, 2024−8.8%
Finite-lived intangibles, net$33.4M9 Dec 31, 2025$43.9M9 Dec 31, 2024−24.0%

Properties, in its own words

The Company’s corporate offices are in Grand Forks, North Dakota and the Minneapolis-St. Paul, Minnesota metropolitan area. The Company operates full-service banking offices in Grand Forks, North Dakota (three offices), Northwood, North Dakota (one office), Fargo and West Fargo, North Dakota (two offices), the Twin Cities MSA (six offices), the Rochester MSA (four offices), southern Minnesota (seven offices), Pewaukee, Wisconsin (one office), Marshalltown, Iowa (one office), and the Phoenix MSA (two offices). The Company offers retirement and benefit and wealth products and services at all of its full-service banking offices. In addition, the Company operates one retirement and benefit services office in Colorado. The Company has relocated and remodeled several locations to utilize the Company’s spaces in a more efficient manner. As of December 31, 2025, sixteen of the Company’s office properties were owned and sixteen of the Company’s office properties were leased.

Item 2 of the 10-K filed Mar 4, 2026.4

Leadership

Who has led ALERUS FINANCIAL CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Randy L. Newman2019–2021
  2. Katie A. Lorenson2022–now

Chair

  1. Randy L. Newman2019–2021

President

  1. Randy L. Newman2019–2021
  2. Katie A. Lorenson2022–now

Chief financial officer

  1. Katie A. Lorenson2019–2021
  2. Alan Villalon2022–now

Chief operating officer

  1. Karin M. Taylor2025–now
20202025
Board members and other officers (25)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Alerus OREO Sub, LLC Minnesota3
  • Excelsior Financial Statutory Trust I Minnesota3
  • Excelsior Financial Statutory Trust II Minnesota3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • FIRST NATIONAL CORP NORTH DAKOTAJul 22, 1998 to Feb 7, 20022

Timeline

  1. Aug 27, 20268-K Other events42
  2. Jul 29, 20268-K Results of operations; Regulation FD disclosure43
  3. May 22, 20268-K Other events44
  4. May 19, 20268-K Other events45
  5. May 15, 20268-K Shareholder vote46
  6. Apr 29, 20268-K Results of operations; Regulation FD disclosure47
  7. Mar 31, 20268-K Entered a material agreement; New debt or obligation48
  8. Feb 26, 20268-K Other events49
  9. Jan 28, 20268-K Results of operations; Regulation FD disclosure50
  10. Dec 29, 20258-K Regulation FD disclosure51
  11. Dec 5, 20258-K Other events52
  12. Oct 30, 20258-K Results of operations; Regulation FD disclosure53
  13. Feb 7, 2022New chief executive Katie A. Lorenson becomes CEO14
  14. Sep 12, 2019New chief executive Randy L. Newman becomes CEO15

Calendar

Coming up

  1. Oct 28, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.66 a share, on Oct 30, 2025.54

When it reported results

  1. Jul 29, 2026Reported quarterly or annual results43
  2. Apr 29, 2026Reported quarterly or annual results47
  3. Jan 28, 2026Reported quarterly or annual results50
  4. Oct 30, 2025Reported quarterly or annual results53
  5. Jul 28, 2025Reported quarterly or annual results55
  6. Apr 28, 2025Reported quarterly or annual results56
  7. Mar 14, 2025Reported quarterly or annual results57
  8. Jan 28, 2025Reported quarterly or annual results58

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

303 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 70 major events, 152 insider forms, 14 large holders, 47 other. The latest 20:

  1. Sep 15, 20264 KARI KOOB FORM 4 EDGAR
  2. Sep 14, 2026144 EDGAR
  3. Sep 10, 2026EFFECT EDGAR
  4. Sep 2, 2026S-3 EDGAR
  5. Sep 2, 20264 JEFF BOLTON FORM 4 FILING EDGAR
  6. Aug 27, 20268-K EDGAR
  7. Aug 3, 202610-Q EDGAR
  8. Jul 29, 20268-K EDGAR
  9. Jul 6, 20264 KARI KOOB FORM 4 7.6.26 EDGAR
  10. Jul 1, 20264 KARI KOOB FORM 4 7/3/26 EDGAR
  11. Jun 29, 20264 KARI KOOB FORM 4 FILING EDGAR
  12. May 29, 20264 EDGAR
  13. May 27, 20264 EDGAR
  14. May 27, 20264 EDGAR
  15. May 27, 20264 EDGAR
  16. May 27, 20264 EDGAR
  17. May 27, 20264 EDGAR
  18. May 27, 20264 EDGAR
  19. May 27, 20264 EDGAR
  20. May 27, 20264 EDGAR

The 303 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

18 open-market trades by officers, directors and large owners since October 2021: 17 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 14, 2026Koob KariSVP, ControllerSale597$33.13$19.8KForm 4
Sep 1, 2026Bolton JeffreyDirectorBuy1,000$32.45$32.5KForm 4
May 27, 2026Bolton JeffreyDirectorBuy1,000$28.72$28.7KForm 4
Jul 31, 2025Villalon AlanEVP & Chief Financial OfficerBuy2,350$21.21$49.8KForm 4
May 1, 2025Wilson ForrestEVP & Chief Ret. Svcs. OfficerBuy5,000$19.93$99.7KForm 4
Nov 1, 2024Lorenson Katie AChief Executive OfficerBuy1,000$20.30$20.3KForm 4
May 15, 2023Villalon AlanEVP & Chief Financial OfficerBuy1,000$14.40$14.4KForm 4
May 12, 2023Lorenson Katie AChief Executive OfficerBuy1,438$13.90$20.0KForm 4
May 12, 2023Vetter Galen GDirectorBuy1,980$13.88$27.5KForm 4
May 11, 2023ESTEP JANET ODirectorBuy3,717$13.41$49.8KForm 4
Mar 17, 2023Lorenson Katie AChief Executive OfficerBuy905$16.56$15.0KForm 4
Mar 16, 2023Keney MissyChief Engagement OfficerBuy588$16.92$9.9KForm 4
Mar 15, 2023Villalon AlanEVP & Chief Financial OfficerBuy3,000$16.35$49.0KForm 4
Mar 8, 2023Lorenson Katie AChief Executive OfficerBuy789$18.94$14.9KForm 4
Jan 31, 2023Zimmer MaryDirectorBuy1,250$20.36$25.5KForm 4
Jan 30, 2023Hanson JerrodChief Accounting OfficerBuy1,150$20.10$23.1KForm 4
Jun 16, 2022Lorenson Katie AChief Executive OfficerBuy1,000$22.98$23.0KForm 4
May 2, 2022Lorenson Katie AChief Executive OfficerBuy994$25.10$24.9KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Katie A. Lorenson$625.0K$1.6M62
2025Jim R. Collins$465.0K$967.4K62
2025Karin M. Taylor$405.0K$848.8K62
2025Forrest R. Wilson$390.0K$816.2K62
2025Alan A. Villalon$360.0K$768.7K62
2024President and Chief Executive Officer$600.0K$1.3M62
2024Executive VicePresident and Chief Financial Officer$345.0K$661.5K62
2023President and Chief Executive Officer$550.0K$1.1M62
2023Executive VicePresident and Chief Banking and Revenue Officer$422.2K$726.0K62

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Alerus Financial Na2,116,173$65.8M2.9%−125,568
BlackRock, Inc.1,822,242$56.7M0.0%+61,491
Vanguard Capital Management LLC945,852$29.4M0.0%−15,924
Dimensional Fund Advisors LP943,445$29.3M0.0%+56,630
Geode Capital Management, LLC655,184$20.4M0.0%+37,508
State Street Corp561,249$17.6M0.0%+68,087
Goldman Sachs Group Inc525,321$16.3M0.0%+158,794
Stieven Capital Advisors, L.P.382,034$11.9M2.3%+43,110
Phocas Financial Corp.354,155$11.0M1.5%+93,259
Banc Funds Co LLC349,165$10.9M1.8%No change
Endeavour Capital Advisors Inc339,518$10.6M2.2%−222,711
Ameriprise Financial Inc310,910$9.7M0.0%−73,030
Aqr Capital Management LLC296,688$9.2M0.0%+27,523
Choreo, LLC293,265$9.1M0.1%−416
American Century Companies Inc277,688$8.6M0.0%−32,435
Morgan Stanley237,432$7.4M0.0%−35,557
Gendell Jeffrey L233,700$7.3M0.1%No change
Grace & White Inc /ny228,108$7.1M1.1%No change
ProShare Advisors LLC226,312$7.0M0.0%New
Vanguard Portfolio Management LLC209,780$6.5M0.0%+33,849
Northern Trust Corp205,180$6.4M0.0%+10,716
Charles Schwab Investment Management Inc205,093$6.4M0.0%−231
Mairs & Power Inc203,417$6.3M0.1%+123,981
Alliancebernstein L.P.248,961$5.9M0.0%+6,280
Qube Research & Technologies Ltd164,333$5.1M0.0%+73,492

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How ALERUS FINANCIAL CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARALERUS FINANCIAL CORP1
  • CIK0000903419
  • Employer ID (EIN)45-03754074
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6021 National Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address401 Demers Ave, Grand Forks, ND 582011
  • Mailing addressPo Box 6001, 401 Demers Ave, Grand Forks, ND 58206-60011
  • Phone70179532001
  • Shares outstanding24,903,238 as of Jul 30, 202612
  • Public float$527.9M as of Jun 30, 20254
  • AuditorRSM US LLP, Des Moines, Iowa PCAOB ID 49; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceJul 22, 19981
  • Filings433 in all: 4 (157), 8-K (97), 3 (26), 10-Q (21), 5 (16), SC 13G (16), 425 (10), SC 13G/A (8)1
    All 38 form types

    10-K (7), CORRESP (7), DEF 14A (7), UPLOAD (7), DEFA14A (6), EFFECT (6), 4/A (5), SCHEDULE 13G/A (4), 8-K/A (3), ARS (3), S-3 (3), 424B3 (2), DRS/A (2), DRSLTR (2), S-4 (2), S-4/A (2), 144 (1), 424B4 (1), 8-A12B (1), CERT (1), D (1), D/A (1), DRS (1), FWP (1), PRE 14A (1), PRER14A (1), S-1 (1), S-1/A (1), S-8 (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 4, 2026
    Quarterly report (10-Q) Aug 3, 2026
    Proxy statement (DEF 14A) Apr 1, 2026
    Latest 8-K (8-K) Aug 27, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $1.00 per shareALRSNasdaq

From the cover page of the 10-K filed Mar 4, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks ALERUS FINANCIAL CORP names in Item 1A of its 10-K filed Mar 4, 2026: 75 risks under these headings, as written.4

  • Market and Interest Rate Risks
  • Credit Risks
  • Operational, Strategic and Reputational Risks
  • Liquidity and Funding Risks
  • Legal, Accounting and Compliance Risks
  • The Company’s business is subject to interest rate risk, and fluctuations in interest rates may adversely affect the Company’s earnings.
  • The Company could recognize losses on securities held in the Company’s securities portfolio, particularly if interest rates increase or economic and market conditions deteriorate.
  • Monetary policies of the Federal Reserve could adversely affect the Company’s financial condition and results of operations.
  • The Company cannot guarantee that its stock repurchase program will be fully implemented or that it will enhance long-term stockholder value.
  • The Company’s business depends on its ability to manage credit risk.
  • The Company’s allowance for credit losses may prove to be insufficient to absorb potential losses in its loan portfolio.
  • Nonperforming assets take significant time and resources to resolve and adversely affect the Company’s net interest income.
The other 68 risks
  • A decline in the business and economic conditions in the Company’s market areas could have a material adverse effect on the Company’s business, financial condition, results of operations and growth prospects.
  • Continued elevated levels of inflation could adversely impact the Company’s business, financial condition, results of operations and growth prospects.
  • The Company’s loan portfolio has a large concentration of commercial real estate loans, which involve risks specific to real estate values and the health of the real estate market generally.
  • Because a significant portion of the Company’s loan portfolio is comprised of real estate loans, negative changes in the economy affecting real estate values and liquidity, as well as environmental factors, could impair the value of collateral securing the Company’s real estate loans and result in loan and other losses.
  • Many of the Company’s loans are to commercial borrowers, which have a higher degree of risk than other types of loans.
  • Construction and land development loans are based upon estimates of costs and values associated with the complete project. These estimates may be inaccurate, and the Company may be exposed to significant losses on loans for these projects.
  • The Company’s concentration of one-to-four family residential mortgage loans may result in lower yields and profitability.
  • The small to midsized businesses that the Company lends to may have fewer resources to weather adverse business developments, which may impair their ability to repay their loans.
  • Real estate market volatility and future changes in the Company’s disposition strategies could result in net proceeds that differ significantly from the Company’s foreclosed asset fair value appraisals.
  • The Company’s exposure to home equity lines of credit may increase the potential for loss.
  • Noninterest income represents a significant portion of the Company’s total revenue and may be negatively impacted by changes in economic or market conditions and competition.
  • The Company may not be successful in implementing the Company’s organic growth strategy, which could have a material adverse effect on the Company’s business, financial condition, results of operations and growth prospects.
  • In addition to the Company’s organic growth strategy, it intends to expand business by acquiring other banks and financial services companies, but may not be successful in doing so, either because of an inability to find suitable acquisition candidates, constrained capital resources or otherwise.
  • If the Company pursues additional strategic acquisitions, it may expose the Company to financial, execution and operational risks that could have a material adverse effect on the Company’s business, financial position, results of operations and growth prospects.
  • The Company’s retirement and benefit services business relies on acquisitions to maintain and grow the Company’s AUA and AUM.
  • If the Company is unable to continue to originate residential real estate loans and sell them into the secondary market for a profit, the Company’s noninterest income could decrease.
  • The occurrence of fraudulent activity, breaches or failures of the Company’s information security controls or cybersecurity related incidents could have a material adverse effect on the Company’s business, financial condition, results of operations and growth prospects.
  • Issues with the use of artificial intelligence in our marketplace may result in reputational harm or liability, or could otherwise adversely affect the Company’s business.
  • The Company depends on information technology and telecommunications systems, and any systems failures, interruptions or data breaches involving these systems could adversely affect the Company’s operations and financial condition.
  • The Company has a continuing need for technological change, and may not have the resources to effectively implement new technologies or experience operational challenges when implementing new technologies.
  • The Company is subject to certain operational risks, including, but not limited to, customer or employee fraud and data processing system failures and errors.
  • Potential losses incurred in connection with possible repurchases and indemnification payments related to mortgages that the Company has sold into the secondary market may require the Company to increase its financial statement reserves in the future.
  • The Company is highly dependent on its executive management team, and the loss of any of the Company’s senior executive officers or other key employees, or the Company’s inability to attract and retain qualified personnel, could harm the Company’s ability to implement its strategic plan and impair the Company’s relationships with clients.
  • The Company’s ability to retain and recruit employees is critical to the success of its business strategy and any failure to do so could impair the Company’s customer relationships and adversely affect its business, financial condition, results of operations and growth prospects.
  • Labor shortages and a failure to attract and retain qualified employees could negatively impact the Company’s business, financial condition, results of operations and growth prospects.
  • The Company’s ability to maintain its reputation is critical to the success of the Company’s business, and the failure to do so may materially adversely affect its business and the value of the Company’s stock.
  • The Company’s use of third-party vendors and its other ongoing third-party business relationships is subject to increasing regulatory requirements and attention.
  • The Company faces intense competition from other banks and non-bank financial services companies that could hurt its business.
  • The Company’s dividend policy may change.
  • Future issuances of common stock could result in dilution, which could cause the Company’s common stock price to decline.
  • The Company may issue shares of preferred stock in the future, which could make it difficult for another company to acquire the Company or could otherwise adversely affect holders of the Company’s common stock, which could depress the price of the Company’s common stock.
  • The holders of the Company’s debt obligations and preferred stock, if any, will have priority over the Company’s common stock with respect to payment in the event of liquidation, dissolution or winding up and with respect to the payment of interest and dividends.
  • The Company’s business and operations may be adversely affected in numerous and complex ways by weak economic conditions and global trade.
  • The Company depends on the accuracy and completeness of information about clients and counterparties.
  • New lines of business, products, product enhancements or services may subject the Company to additional risks.
  • The Company’s business and operations may be adversely affected in numerous and complex ways by external business disruptors in the financial services industry.
  • The investment management contracts the Company has with its clients are terminable without cause and on relatively short notice by the Company’s clients, which makes it vulnerable to short-term declines in the performance of the securities under the Company’s management.
  • Severe weather, natural disasters, pandemics, acts of war or terrorism or other adverse external events could significantly impact the Company’s business.
  • The Company’s wealth business is dependent on asset managers to produce investment returns and financial advisors to solicit and retain clients, and the loss of a key asset manager or financial advisor could adversely affect the Company’s wealth business.
  • The Company may be adversely affected by the soundness of certain securities brokerage firms.
  • Liquidity risks could affect the Company’s operations and jeopardize its business, financial condition, results of operations and growth prospects.
  • The Company may not be able to maintain a strong core deposit base or other low-cost funding sources.
  • The Company’s high concentration of large depositors may increase its liquidity risk.
  • The Company may need to raise additional capital in the future, and if it fails to maintain sufficient capital, whether due to losses, an inability to raise additional capital or otherwise, the Company’s business, financial condition, results of operations and growth prospects, as well as its ability to maintain regulatory compliance, would be adversely affected.
  • The Company may be adversely affected by changes in the actual or perceived soundness or condition of other financial institutions.
  • The Company receives substantial deposits and AUM as a result of referrals by professionals, such as attorneys, accountants, and doctors, and such referrals are dependent upon the continued positive interaction with and financial health of those referral sources.
  • The Company’s risk management framework may not be effective in mitigating risks or losses to the Company.
  • Litigation and regulatory actions, including possible enforcement actions, could subject the Company to significant fines, penalties, judgments or other requirements resulting in increased expenses or restrictions on the Company’s business activities.
  • The Company is currently subject to and may continue to be subject to claims and litigation relating to the Company’s fiduciary responsibilities.
  • The Company’s accounting estimates and risk management processes and controls rely on analytical and forecasting techniques and models and assumptions, which may not accurately predict future events.
  • Changes in accounting policies or standards could materially impact the Company’s financial statements.
  • The obligations associated with being a public company require significant resources and management attention, which divert time and attention from the Company’s business operations.
  • The financial reporting resources the Company has put in place may not be sufficient to ensure the accuracy of the additional information the Company is required to disclose as a publicly listed company.
  • If the goodwill that the Company recorded in connection with the Company’s acquisitions becomes impaired, it could have a negative impact on its financial condition and results of operations.
  • The Company is subject to extensive regulation, and the regulatory framework that applies to the Company, together with any future legislative or regulatory changes, may significantly affect its operations.
  • The Company’s retirement and benefit services and wealth businesses are highly regulated, and regulators have the ability to limit or restrict the Company’s activities and impose fines or suspensions on the conduct of the Company’s business.
  • Changes in tax laws and regulations, or changes in the interpretation of existing tax laws and regulations, may have a material adverse effect on the Company’s business, financial condition, results of operations and growth prospects.
  • The Company is subject to stringent capital requirements.
  • Federal regulators periodically examine the Company’s and the Bank’s business, and the Company and the Bank may be required to remediate adverse examination findings.
  • The Company, through the Bank, is subject to numerous laws designed to protect consumers, including the Community Reinvestment Act and fair lending laws, and failure to comply with these laws could lead to a wide variety of sanctions.
  • Noncompliance with the Bank Secrecy Act and other anti-money laundering statutes and regulations could result in fines or sanctions against the Company.
  • Regulations relating to privacy, information security and data protection could increase the Company’s costs, affect or limit how the Company collects and use personal information and adversely affect its business opportunities.
  • The Federal Reserve may require the Company to commit capital resources to support the Bank.
  • New and future rulemaking by the CFPB and other regulators, as well as enforcement of existing consumer protection laws, may have a material adverse effect on the Company’s business, financial condition, results of operations and growth prospects.
  • The level of the Company’s commercial real estate portfolio may subject the Company to heightened regulatory scrutiny.
  • The California Consumer Privacy Act of 2018 or other such laws could result in increased operating expenses as well as additional exposure to the risk of litigation by or on behalf of customers.
  • Climate change and related legislative and regulatory initiatives may result in operational changes and expenditures that could significantly impact the Company’s business.
  • Certain banking laws and certain provisions of the Company’s certificate of incorporation and bylaws may have an anti-takeover effect.

Legal proceedings

For information regarding litigation, other disputes and regulatory proceedings see Note 16 (Legal Contingencies) to the Company’s audited consolidated financial statements included in Item 8 of this Form 10-K.

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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    SEC EDGAROther events
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    SEC EDGAROther events
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    SEC EDGAROther events
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    SEC EDGAROther events
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