Arrow Financial Corporation Reports Q3 2026 Results Following Adirondack Bancorp Acquisition
Arrow Financial Corporation (AROW) reported third-quarter net income of $5.7 million, or $0.31 per share, for the period ending September 30, 2026. While GAAP earnings decreased from $11.0 million in the previous quarter, this decline was primarily driven by $15.6 million in one-time merger-related expenses associated with the July 1 acquisition of Adirondack Bancorp, Inc. Excluding these merger costs, Arrow reported a strong core EPS of $0.97. The company noted significant operational improvements following the acquisition, including net interest margin expansion to 3.80% and a decrease in retail deposit costs. Management expects to realize approximately 95 percent of anticipated cost savings from the merger by the first quarter of 2027.
Tickers: $AROW
Topics: dividend announcement earnings report financial results merger and acquisition