Alerus Financial (ALRS) Mortgage Banking (2018 - 2024)

Alerus Financial's Mortgage Banking history runs 7 years deep, the most recent figure standing at $2.6 million for Q2 2024.

• In Q2 2024, Mortgage Banking fell 12.08% year-over-year to $2.6 million; the TTM figure through Jun 2024 stood at $8.0 million (down 24.22% YoY), while the FY2025 annual figure was $11.9 million, up 17.69% from the prior year.
• Mortgage Banking was $2.6 million for Q2 2024 at Alerus Financial, up from $1.7 million in the prior quarter.
• In the past five years, Mortgage Banking ranged from a high of $22.3 million in Q3 2020 to a low of $1.3 million in Q4 2023.
• Historically, Mortgage Banking has averaged $7.8 million across 5 years, with a median of $5.0 million in 2020.
• The sharpest annual moves came in 2021 and 2022: Mortgage Banking jumped 239.58% in 2021, then plunged 72.76% in 2022.
• A 5-year view of Mortgage Banking shows it stood at $16.8 million in 2020, then sank by 52.52% to $8.0 million in 2021, then slumped by 72.76% to $2.2 million in 2022, then sank by 41.06% to $1.3 million in 2023, then jumped by 99.69% to $2.6 million in 2024.
• The last three Mortgage Banking figures came in at $2.6 million (Q2 2024), $1.7 million (Q1 2024), and $1.3 million (Q4 2023), per Business Quant data.