Arrow Financial reports Q1 operating EPS 85 vs. 85c last quarter

Reports Q1 net interest margin 3.47% or 3.48% FTE, from 3.24% – 3.25% FTE – in the prior quarter. Q1 provision for credit losses was $548K vs. $846K in 4Q25. Tangible book value per share was $25.09 from $24.71 last quarter end. Common Equity Tier 1 Capital Ratio was 13.30% vs. 13.01% last quarter. “As we celebrate our 175th anniversary, building on the strong year-end momentum, the Arrow team delivered exceptional financial results for Q1 of 2026. We achieved strong net interest margin expansion as well as a return on average assets close to 1.30% on an operating basis. Credit performance was even better with non-performing loans dipping to 13 basis points. During the first quarter, we also announced the acquisition of Adirondack Bank, which is expected to close in Q3 of 2026. We look forward to expanding our market with this high-quality, low-cost deposit franchise, adding approximately $950M to our balance sheet. We expect the transaction to provide significant EPS accretion in 2027 and beyond. Arrow is well positioned to continue to deliver strong results for its shareholders while continuing to execute on its strategic initiatives to build a premier banking franchise for its customers and the communities it serves.”