ALERUS FINANCIAL CORP (ALRS)

Alerus Financial Corp. engages in the provision of business and consumer financial products and services through its subsidiary, Alerus Financial NA. It operates through the following segments: Banking, Retirement & Benefit Services, Wealth Management, Mortgage, and Corporate Administration. The Banking segment provides lending and deposit products. The Retirement & Benefit Services segment consists of retirement plan administration and investment advisory services, employee stock ownership plan, fiduciary services, payroll, HSA, and other benefit services. The Wealth Management segment offers fiduciary services to consumer and commercial clients, including financial planning, investment management, personal and corporate trust services, estate administration, and custody services. The Mortgage segment includes first and second mortgage loans through a centralized mortgage unit. The Corporate Administration segment covers indirect overhead allocations and income tax expense. The was company founded in 1879 and is headquartered in Grand Folks, ND.

Address

401 DEMERS AVE
GRAND FORKS, ND 58201

Founded

1879

Number of Employees

754

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s)
- - - - - - - - - $6,266 $806 $3,536
Average Price - - - - - - - - - $17.48 $22.03 $17.91
# Shares Purchased - - - - - - - - - 358,374 36,592 197,483
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date - - - - - - - - - 20.1% -4.7% 17.3%
S&P 500 Return to Date - - - - - - - - - 31.3% 7.4% 19.4%
Excess Total Return - - - - - - - - - -11.2% -12.1% -2.1%
Quartile Rank
Percentile Rank - - - - - - - - - 60% 32% 53%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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