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
Arrow Financial Corporation (AROW)
Last arrow financial corporation earnings: 4/24 07:32 am
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US:NASDAQ Investor Relations:
arrowfinancial.com/shareholders/investor-faqs
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Source: PR Newswire
GLENS FALLS, N.Y., Oct. 24, 2023 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) ("Arrow") announced financial results for the three-month period ended September 30, 2023. Net income for the third quarter of 2023 was $7.7 million and fully diluted earnings per share was $0.46. Nonperforming assets decreased $0.2 million in the third quarter to 0.16% of assets, with the allowance for credit losses reaching 491% of nonperforming loans.Arrow President and CEO David S. DeMarco: "This quarter, we continued to experience substantial loan growth with asset and deposit balances at or near record highs. We also continued our pattern of issuing cash and stock dividends, underscoring our dedication to creating value for our shareholders. As we move ahead, Arrow expects to restart our Dividend Reinvestment Plan.We were proud to officially open our renovated downtown Glens Falls campus and Main Office branch this summer. Glens Falls has been our home for much of our 172-year history
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AROW
News
- Arrow Financial Corporation Appoints Darrin Jahnel to Board of Directors [Yahoo! Finance]Yahoo! Finance
- Arrow Financial Corporation Appoints Darrin Jahnel to Board of DirectorsPR Newswire
- Arrow Financial (NASDAQ:AROW) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Arrow Announces Preliminary Approval of Settlement [Yahoo! Finance]Yahoo! Finance
- Arrow Announces Preliminary Approval of SettlementPR Newswire
AROW
Earnings
- 5/1/25 - Miss
AROW
Sec Filings
- 12/23/25 - Form 4
- 12/22/25 - Form 4
- 12/19/25 - Form 4
- AROW's page on the SEC website