Earnings summaries and quarterly performance for ARROW FINANCIAL.
Executive leadership at ARROW FINANCIAL.
David DeMarco
Detailed
President and Chief Executive Officer
CEO
AW
Andrew Wise
Detailed
Senior Executive Vice President and Chief Risk Officer
BP
Brooke Pancoe
Detailed
Executive Vice President and Chief Human Resources Officer
MY
Marc Yrsha
Detailed
Senior Executive Vice President and Chief Banking Officer
MJ
Michael Jacobs
Detailed
Executive Vice President and Chief Information Officer
PI
Penko Ivanov
Detailed
Chief Financial Officer, Treasurer and Chief Accounting Officer
Board of directors at ARROW FINANCIAL.
CR
Colin Read
Detailed
Director
DW
Daniel White
Detailed
Director
DK
David Kruczlnicki
Detailed
Director
EM
Elizabeth Miller
Detailed
Director
GC
Gregory Champion
Detailed
Director
JD
James Dawsey
Detailed
Director
KD
Kristine Duffy
Detailed
Director
MB
Mark Behan
Detailed
Vice Chair of the Board
PM
Philip Morris
Detailed
Director
RO
Raymond O'Conor
Detailed
Director
TC
Tenee Casaccio
Detailed
Chair of the Board
Research analysts covering ARROW FINANCIAL.
Recent press releases and 8-K filings for AROW.
Arrow Financial Corporation Announces Acquisition of Adirondack Bancorp, Inc.
AROW
M&A
New Projects/Investments
- Arrow Financial Corporation (AROW) announced a strategic acquisition of Adirondack Bancorp, Inc., with Adirondack merging into Arrow.
- Adirondack shareholders will receive a combination of 1.8610 shares of Arrow common stock plus $18.72 in cash per share, resulting in an aggregate implied transaction value of approximately $89.1 million.
- Based on financial results as of December 31, 2025, the combined company is projected to have pro-forma total assets of $5.4 billion, total deposits of $4.8 billion, and total gross loans of $4.1 billion.
- The transaction is expected to be financially attractive, with an estimated 2027 EPS accretion of approximately 18%, an internal rate of return of approximately 20%, and a Tangible Book Value per Share earn-back period of 2.9 years.
- The acquisition is anticipated to close by the end of the second quarter of 2026, expanding Arrow's footprint into Oneida, Herkimer, and Franklin counties, and increasing its total offices to 58 in upstate New York.
2 days ago
Arrow Financial Corporation announces merger agreement with Adirondack Bancorp, Inc.
AROW
M&A
Board Change
Management Change
- Arrow Financial Corporation entered into an Agreement and Plan of Merger with Adirondack Bancorp, Inc. on February 25, 2026.
- Each share of Adirondack common stock will be converted into 1.8610 shares of Arrow common stock and $18.72 in cash.
- Rocco Arcuri, Sr., Adirondack's current President and Chief Executive Officer, will be appointed to the boards of directors of Arrow and Arrow Bank, and as Regional President at the Effective Time.
- A lock-up agreement restricts the disposition of Executive Arrow Shares for 180 days following the effective time, and for the subsequent 365-day period, limits dispositions to 10,000 shares per trading day.
- The agreement includes a $3.62 million termination fee payable by Adirondack under certain circumstances and is subject to customary regulatory approvals.
2 days ago
Arrow Financial Reports Strong Q4 and Full-Year 2025 Results, Declares Increased Dividend
AROW
Earnings
Dividends
Revenue Acceleration/Inflection
- Arrow Financial Corporation reported net income of $14.0 million and fully diluted EPS of $0.85 for the fourth quarter of 2025, significantly up from $4.5 million and $0.27, respectively, in the same period of 2024.
- For the full year ended December 31, 2025, net income totaled $44.0 million with EPS of $2.65, compared to $29.7 million and $1.77 in the prior year.
- The Board of Directors declared a quarterly cash dividend of $0.30 per share, payable February 25, 2026, which represents a 3.4% increase from the previous quarter's dividend of $0.29 per share.
- Key financial highlights for 2025 include a record net interest margin of 3.17% (3.19% FTE), an increase from 2.72% (2.74% FTE) in the prior year, and a 10.3% increase in tangible book value per share to $24.71.
Jan 29, 2026, 1:00 PM
AROW Financial Corporation Reports Strong Q4 and Full-Year 2025 Results
AROW
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- AROW Financial Corporation reported Q4 2025 Earnings Per Share (EPS) of $0.85 and full-year 2025 EPS of $2.65.
- The company achieved a record FTE Net Interest Margin (NIM) of 3.25% in Q4 2025 and 3.19% for the full year 2025.
- Return on Average Assets (ROA) was 1.24% in Q4 2025 and 1.00% for FY 2025, while Return on Average Equity (ROE) was 13.08% in Q4 2025 and 10.66% for FY 2025.
- Tangible Book Value per Share reached $24.71 at the end of 2025, representing a 10.3% year-over-year increase.
- The unification project was completed in Q4 2025, with no related expenses in the quarter, contributing to an efficiency ratio of 59.0% in Q4 2025 and 62.0% for the full year.
Jan 29, 2026, 1:00 PM
Arrow Financial Corporation Reports Record Q4 and Full-Year 2025 Results
AROW
Earnings
Dividends
Revenue Acceleration/Inflection
- Arrow Financial Corporation reported record net income of $14.0 million and fully diluted earnings per share (EPS) of $0.85 for the fourth quarter of 2025, and $44.0 million net income with EPS of $2.65 for the full year 2025.
- The company achieved a record Net Interest Margin (FTE) of 3.25% in Q4 2025 and 3.19% for the full year, with Return on Average Assets of 1.24% for Q4 2025 and 1.00% for the full year.
- Tangible Book Value per share reached $24.71 at December 31, 2025, an increase of 10.3% from the prior year.
- The Board of Directors declared a quarterly cash dividend of $0.30 per share, representing a 3.4% increase from the fourth quarter cash dividend.
- Arrow reported 50% EPS growth in 2025 and anticipates significant momentum entering 2026.
Jan 29, 2026, 12:48 PM
Arrow Financial Reports Strong Q3 2025 Results, Declares Dividend
AROW
Earnings
Dividends
Share Buyback
- Arrow Financial Corporation reported net income of $12.8 million and diluted earnings per share (EPS) of $0.77 for the third quarter of 2025, an increase from net income of $10.8 million and EPS of $0.65 in the second quarter of 2025.
- The company declared a quarterly cash dividend of $0.29 per share, payable November 24, 2025.
- Key financial metrics improved, with EPS increasing by almost 20% from the prior quarter, Return on Average Assets (ROA) improving to 1.16%, and Net Interest Income reaching a record $34.1 million.
- Tangible Book Value per share increased by 2.7% to $23.85 from the prior quarter, and the company repurchased $1.4 million of shares.
Oct 30, 2025, 12:00 PM
Arrow Financial Corporation Reports Strong Q3 2025 Results
AROW
Earnings
Dividends
Share Buyback
- Arrow Financial Corporation reported Q3 2025 net income of $12.8 million and fully diluted earnings per share (EPS) of $0.77, marking an almost 20% increase in EPS from the prior quarter.
- The company achieved a record net interest income of $34.1 million and an improved Net Interest Margin (FTE) of 3.24% for Q3 2025.
- The Board of Directors declared a Q4 2025 cash dividend of $0.29 per share.
- Return on Average Assets (ROA) improved to 1.16%, and Tangible Book Value per share increased to $23.85, up 2.7% from the previous quarter.
- During Q3 2025, the company repurchased $1.4 million of shares, with $5.1 million remaining under the current repurchase authorization.
Oct 30, 2025, 11:51 AM
ARROW Financial Corporation Reports Strong Q3 2025 Earnings and Key Performance Metrics
AROW
Earnings
Share Buyback
Legal Proceedings
- Net income for Q3 2025 was $12.8 million, with diluted EPS of $0.77, an increase of over 18% from Q2 2025. Year-to-date net income reached $29.9 million, or $1.80 EPS.
- Key profitability metrics for Q3 2025 included a Return on Average Assets (ROA) of 1.16%, a Return on Average Equity (ROE) of 12.32%, and a Fully Taxable Equivalent Net Interest Margin (FTE NIM) of 3.24%, up from 3.16% in Q2 2025. The Efficiency Ratio improved to 59.6%.
- Tangible Book Value (TBV) per share increased to $23.85 in Q3 2025, a 2.7% increase from the prior quarter.
- The company repurchased approximately $1.4 million in shares during Q3 2025, totaling $9.9 million year-to-date.
- AROW successfully completed the system conversion and operational merger of its bank subsidiaries in July 2025, with loan growth of 2.0% (annualized) in Q3 2025.
Oct 30, 2025, 11:30 AM
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