Quarterly ResultApr 30, 2026, 08:04 AM
AROW Q1 Net Income $13.5M, EPS $0.82; Declares $0.30 Dividend
AI Summary
Arrow Financial Corporation reported Q1 2026 net income of $13.5 million, or $0.82 diluted EPS, with adjusted EPS reaching a record $0.85 excluding merger-related expenses. The company declared a quarterly cash dividend of $0.30 per share. Net interest margin expanded to 3.48% (FTE), and credit quality remained strong with non-performing loans at 0.13% of total loans. The acquisition of Adirondack Bancorp, Inc., adding approximately $950 million in assets, is expected to close in Q3 2026.
Key Highlights
- Declared Q2 cash dividend of $0.30 per share, payable May 26, 2026.
- Reported Q1 2026 net income of $13.5 million, or $0.82 diluted EPS.
- Achieved record operating EPS of $0.85, excluding $0.03 per share in merger expenses.
- Net Interest Margin (FTE) expanded to 3.48% from 3.25% in Q4 2025.
- Non-performing loans decreased to $4.4 million (0.13% of total loans) from $8.7 million.
- Total assets increased 1.7% to $4.5 billion; total deposits rose $74.5 million to $4.0 billion.
- Acquisition of Adirondack Bancorp, Inc., adding ~$950 million in assets, expected to close in Q3 2026.