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Sep 30, 2024
Arrow Financial Q3 2024 Earnings Report
Reported third quarter net income with EPS improvement and net interest margin expansion.
Key Takeaways
Arrow Financial Corporation reported a solid third quarter with net income of $9.0 million, or $0.53 per share, compared to $7.7 million, or $0.46 per share, for the same period in 2023. The company saw strong net interest margin expansion, improved core profitability, and increased return on average assets.
EPS improved to $0.53, up $0.07 versus the same period in 2023.
Net Interest Margin improved to 2.78%, up from 2.67% in the prior quarter.
Year-to-date loan growth reached $126.3 million (5.2% annualized).
Return on Average Assets (ROA) improved to 0.84%, up from 0.82% in the previous quarter.
Forward Guidance
Arrow Financial Corporation has not provided specific forward guidance in this earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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