Arrow Financial Q1 net income $7.7M ($0.45 EPS); loans up 6.1% annualized; margin improves

ARROW FINANCIAL CORP

2024-Q1 EPS reported $0.45

Net income $7.7M vs $8.6M in Q1 2023; diluted EPS $0.45 vs $0.50.
Net interest margin 2.60% (up 7 bps QoQ, down 36 bps YoY) on higher earning asset yields.
Gross loans grew $50.5M (6.1% annualized); deposits increased $91.5M (2.5%) to $3.8B.
Allowance for credit losses 0.97% of loans; net charge-offs 0.04% annualized; NPAs 0.50% of assets.
Declared $0.27 dividend (44th consecutive quarterly) and authorized $5M stock repurchase program.

item 2.02 item 7.01 item 8.01 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 the three-month period ended March 31, 2024 results: net income $7.7 million, EPS $0.45 per diluted share.

Period: the three-month period ended March 31, 2024
Net income: $7.7 million
EPS: $0.45 per diluted share
Result: reported results

Exact text from the filing

Net income for the first quarter of 2024 was $7.7 million and fully diluted earnings per share ("EPS") was $0.45

View on SEC.gov

1436 earnings releases filed in the last 30 days. Browse all earnings releases →

ARROW FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0000717538-24-000072

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.