earnings
confidence high
sentiment positive
materiality 0.75
Arrow Q2 net income $8.6M ($0.52 EPS), up from $6.0M YoY; NIM improves to 2.67%
ARROW FINANCIAL CORP
2024-Q2 EPS reported
$0.97
- Net income $8.6M, EPS $0.52 vs $6.0M/$0.35 in Q2 2023.
- Net interest margin 2.67% (2.69% FTE) up from 2.60% prior quarter.
- Gross loans grew $57.6M (7.1% annualized); deposits $3.7B.
- Declared $0.27 dividend payable Aug 23; 45th consecutive quarterly dividend.
- Received OCC approval to combine banking subsidiaries into Arrow Bank NA effective Dec 31, 2024.