Arrow Financial reports Q4 core EPS 47c vs. 46c last year

Q4 net Interest Margin improved to 2.83% – 2.85% FTE – vs. 2.78% – 2.79% FTE – in the prior quarter. Common Equity Tier 1 Capital Ratio was 12.71% and Total Risk-Based Capital Ratio was 14.47%. Tangible Book Value improved to $22.40, an increase from $21.06 from the prior year. CEO David S. DeMarco said, “Arrow just completed a transformational year. We completed the unification of our two subsidiary banks under one brand, Arrow Bank. Our exceptional team continues to serve our customers and communities in the same way they have come to expect from us. In addition, we also acquired a bank branch in Whitehall, New York as well the assets of a local insurance agency. We made significant contributions to the communities we serve, both financially and through volunteer efforts, continuing our commitment to giving back. In 2024, we delivered for our shareholders, growing loans by mid-single digits, expanding our net interest margin and actively managing our balance sheet, positioning the Bank for increased profitability in 2025.”