Alerus Financial Corporation (NASDAQ:ALRS) Q3 2023 Earnings Call Transcript

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Matt Renck: Okay. So do you think it could potentially reach like 10% to 15% or is it more gradual than that?

Katie Lorenson: I would say it takes time so it will be a little more gradual than that.

Matt Renck: Okay. Got it. That’s all for me. I’ll step back. Thank you.

Katie Lorenson: Thanks Matt.

Operator: We currently have no further questions. So I would like to hand back to Katie Lorenson, for closing remarks. Over to you.

Katie Lorenson: Perfect. Thank you and thank you everyone for the questions. I will end with just a comment about the company and our unique strength of our diversified business model which again continues to differentiate our ability to attract and retain clients as well as talented professionals. We remain laser-focused on our strong and diversified balance sheet, talent investments fee income and investments in our key business lines while again, optimizing our infrastructure to return our company to our long history of delivering strong profitability, tangible book value growth and top-tier returns to our shareholders. Thank you to our investors, our analysts and to everyone joining the call today. Have a great day.

Operator: Ladies and gentlemen, this concludes today’s call. Thank you for joining. You may now disconnect your lines.

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