Arrow Financial Q3 net income $12.2M, EPS $0.74; loan growth $80M to record $2.9B

ARROW FINANCIAL CORP

2022-Q3 EPS reported $2.22

Q3 net income $12.2M (diluted EPS $0.74) vs $13.0M in Q3 2021; revenue $38.7M (+6.6% YoY).
Total loans $2.9B (record), up $80M in Q3 and 10.2% YoY; deposits $3.8B, up $249M in Q3.
Net interest margin 3.14%, up from 3.04% YoY; provision for credit losses $1.7M vs $99K.
Book value per share $20.91, down 4.2% due to unrealized losses; NPAs 0.24% vs 0.29%.
Cash dividend $0.27/share and 3% stock dividend distributed Sep 2022; both banks rated 5-star Bauer.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ARROW FINANCIAL CORP reported three-month period ended September 30, 2022 results: net income $12.2 million, EPS $0.74.

Period: three-month period ended September 30, 2022
Net income: $12.2 million
EPS: $0.74
Result: reported results

Exact text from the filing

50 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.com Media Contact: Rachael Murray Tel: (518) 415-4313 Arrow Reports $12.2 million in Q3 Net Income, Loan Growth of $80 Million in the Quarter GLENS FALLS, N.Y.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

ARROW FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0000717538-22-000226

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