Arrow Q3 net income $7.7M ($0.46 EPS); loans hit record $3.1B, 9% annualized growth

ARROW FINANCIAL CORP

2023-Q3 EPS reported $1.31

Net income $7.7M, EPS $0.46; net interest margin 2.53%, down from 2.61% Q2 2023.
Record loans $3.1B, up $68.7M QoQ; deposits $3.7B, up $164.3M QoQ.
Nonperforming assets $6.9M (0.16% of assets); ACL/NPL coverage 491%.
Entered two pay-fixed fair value swaps ($250M + $50M notional) adding >$2M annual net interest income.
Incremental delayed-filing expenses $1.1M in Q3 ($4.1M YTD) reduced ROA by 9 basis points.

item 2.02 item 7.01 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 for the three-month period ended September 30, 2023 results: net income $7.7 million, EPS $0.46.

Period: for the three-month period ended September 30, 2023
Net income: $7.7 million
EPS: $0.46
Result: reported results

Exact text from the filing

Arrow Reports Q3 2023 Net Income of $7.7 Million and Earnings per Share of $0.46, Loans of $3.1 Billion on 9% Annualized Loan Growth

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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 0000717538-23-000212

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