Arrow Reports 2nd Quarter Net Income of $11.0 Million, or $0.66 per Share, and Declares 3rd Quarter Dividend of $0.30 per Share
Arrow Financial reported Q2 net income of $11.0 million, or $0.66 per share, a decrease from the prior quarter driven by merger-related expenses and a $1.6 million specific reserve for a commercial loan bankruptcy. Excluding one-time items, adjusted EPS was $0.71. The Board of Directors declared a quarterly dividend of $0.30 per share, payable August 25, 2026.
Key figures
- Eps
- 0.66
- Revenue
- $35.9 million
- Dividend
- $0.30
- Loan growth
- $57.6 million
- Adjusted eps
- 0.71
- Efficiency ratio
- 62.02%
- Net interest income
- $35.9 million
- Net interest margin
- 3.42%
- Non interest income
- $8.3 million
- Provision for credit losses
- $2.8 million
AI analysis
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