Alerus declares $0.22 quarterly dividend (+4.76% YoY) and authorizes new 1.25M share buyback

ALERUS FINANCIAL CORP

Cash dividend of $0.22/share declared Aug 26, 2026; payable Oct 9, 2026 to record Sept 25, 2026; up 4.76% YoY.
New stock repurchase program authorizes up to 1,250,000 shares, expiring Aug 26, 2029; effective after prior program completes 1M shares or expires.
Prior program had ~320,033 shares remaining as of Aug 26, 2026 and is scheduled to expire Feb 18, 2027.
Repurchases may occur in open market under Rule 10b-18 or via 10b5-1 plans; no obligation to repurchase.

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