Arrow Financial reports Q3 EPS $0.53, up from $0.46 YoY; NIM widens to 2.78%

ARROW FINANCIAL CORP

2024-Q3 EPS reported $1.50

Net income $9.0M, diluted EPS $0.53 vs $0.46 in Q3 2023; net interest margin improved to 2.78% (2.79% FTE).
Acquired assets of A&B Agency (insurance) and a Whitehall, NY branch; expects to unify banks into Arrow Bank NA by Dec 31, 2024.
Deposit balances $3.8B, loan-to-deposit ratio 87.0%; year-to-date loan growth $126.3M (5.2% annualized).
Net charge-offs 0.08% annualized; nonperforming assets 0.51% of assets; allowance for credit losses 0.94% of loans.
Announced Q4 dividend increase; Piper Sandler Sm-All Stars recognition; tangible book value $21.95, up $0.57 QoQ.

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.