10-K · March 6, 2026
Arrow Financial shows multi-quarter revenue and margin improvement through 2025 (total 2025 revenue of $242.0M with EPS ~ $2.65), and is pursuing a strategic acquisition of Adirondack Bancorp (implied value ~$89.1M) to…
Earnings analysis · 10-Q
AROW earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
Arrow Financial Corporation reported significant improvements in Q1 2026, with net income of $13.5 million and diluted EPS of $0.82, up from $6.3 million and $0.38, respectively, in Q1 2025. Revenues increased by 6.8%…
Read full summary
Arrow Financial Corporation reported significant improvements in Q1 2026, with net income of $13.5 million and diluted EPS of $0.82, up from $6.3 million and $0.38, respectively, in Q1 2025. Revenues increased by 6.8% to $53.8 million driven by higher loan yields, while expenses rose modestly by 3.1%. The company anticipates benefits post-acquisition of Adirondack Bancorp, enhancing its earnings potential going forward.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.85
- Segment
- Community Banking
What stood out
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Strong EPS Growth
Diluted EPS increased 115.8% to $0.82 from $0.38 in the prior year.
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Revenue Surplus
Revenue rose to $53.8 million, exceeding estimates of $43.8 million, driven by higher loan yields.
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Improved Net Interest Income
Net interest income increased by 15.2% to $36.1 million from $31.4 million a year ago.
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Decline in Nonperforming Loans
Nonperforming loans decreased to $4.4 million, down from $19 million a year earlier.
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Acquisition Synergy Anticipation
Management indicates potential earnings enhancement following the merger with Adirondack Bancorp, expected to close in Q3 2026.
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Increased Liquidity
Interest-earning deposits rose to $256.5 million from $185.1 million at year-end 2025.
What to watch
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Merger-Related Expenses
Approximately $800,000 incurred in merger-related expenses which could impact future earnings.
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Loan Growth Challenges
Severe winter weather adversely affected loan originations, particularly in the consumer segment, which declined by $4.5 million.
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Potential Regulatory Risks
Arrow operates in a highly regulated environment, and failing to comply could lead to penalties.
Management's outlook
Management mentions improved earnings due to merger with Adirondack, but provides no specific numerical guidance.
Earlier filings 4
10-Q · May 10, 2024
Arrow reported net income of $7,660,000 and diluted EPS of $0.45 for the quarter ended March 31, 2024, down from $8,562,000 and $0.50 a year ago. Revenue (net interest income after interest expense plus non‑interest…
10-Q · August 8, 2023
Arrow Financial reported a sharp year-over-year decline in quarterly profitability: net income fell to $6,047,000 and diluted EPS to $0.36 for the three months ended June 30, 2023, versus $11,974,000 and $0.72 in the…
10-K · July 18, 2023
Arrow Financial is a two-bank holding company (Glens Falls National and Saratoga National) focused on commercial and consumer lending in northeastern New York, trust services and an insurance agency. The 10-K discloses…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.