Arrow Financial (AROW)
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Arrow Financial (AROW) - 2024 Q3 - Quarterly Report
2024-11-08 00:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-12507 ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 22-2448962 (State or other jurisdiction of incorporation or organization ...
Arrow Financial (AROW) - 2024 Q3 - Quarterly Results
2024-10-31 20:03
| --- | --- | |-------|-----------------------------------------------------| | | 250 Glen Street Glens Falls, NY 12801 | | | NASDAQ® Symbol: "AROW" Website: arrowfinancial.com | | | Media Contact: Rachael Murray Tel: (518) 742-6505 | Arrow Reports 3rd Quarter Net Income of $9.0 Million, or $0.53 per Share GLENS FALLS, N.Y. (October 31, 2024) – Arrow Financial Corporation (NasdaqGS – AROW) ("Arrow" or "the Company") announced financial results for the three-month period ended September 30, 2024. Net income ...
Arrow Declares October 2024 Cash Dividend
Prnewswire· 2024-10-03 20:00
GLENS FALLS, N.Y., Oct. 3, 2024 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS® - AROW) on October 2, 2024, declared a quarterly cash dividend of $0.28 per share payable October 29, 2024 to shareholders of record on October 15, 2024. This represents a 3.7% increase to our quarterly dividend and is in lieu of the 3% stock dividend the Company has declared in recent years. This cash dividend marks the 46th consecutive quarterly cash dividend declared by Arrow.Arrow President a ...
Insider Sale: Director Raymond O'Conor Sells Shares of Arrow Financial Corp (AROW)
Gurufocus· 2024-10-03 02:03
Director Raymond O'Conor sold 2,000 shares of Arrow Financial Corp (AROW, Financial) on October 1, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 41,176 shares of the company.Arrow Financial Corp operates as the bank holding company for Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company, which provide commercial and consumer banking, and financial products in northeastern New York.Over the past year, Raymond O'Conor has sold a ...
Arrow Financial (AROW) - 2024 Q2 - Quarterly Report
2024-08-09 02:22
财务表现 - 公司2024年第二季度净收益为860.4万美元[244] - 公司2024年第二季度权益投资公允价值变动净收益(税后)为39万美元[245] - 第二季度净收入为860万美元,每股摊薄收益为0.52美元,较2023年同期的600万美元和0.35美元分别增长42.3%和48.6%[341] - 第二季度平均资产收益率为0.82%,较2023年同期的0.59%增加0.23个百分点;平均权益收益率为9.15%,较2023年同期的6.64%增加2.51个百分点[341] - 第二季度净息差为2.67%,较2023年同期的2.61%增加0.06个百分点[344] - 前六个月净收入为1630万美元,每股摊薄收益为0.97美元,较2023年同期的1460万美元和0.85美元分别增长11.3%和14.1%[356,357] - 前六个月平均资产收益率为0.77%,较2023年同期的0.73%增加0.04个百分点;平均权益收益率为8.63%,较2023年同期的8.13%增加0.50个百分点[356,357] 资产负债情况 - 贷款总额为32,802.85百万美元[250] - 存款总额为36,789.57百万美元[250] - 股东权益总额为3,780.56百万美元[250] - 资产总额为42,373.59百万美元[250] - 贷款组合于2024年6月30日达到33.16亿美元,较2023年12月31日增加1.03亿美元,增长3.2%,较2023年6月30日增加2.46亿美元,增长8.0%[276] - 存款余额达到36.84亿美元,较2023年6月30日增加1.81亿美元,增长5.2%,较2023年12月31日减少0.04亿美元,下降0.1%[277] - 无息存款占总存款的19.1%,较2023年6月30日的21.7%有所下降[277] - 总借款为1.07亿美元,较2023年6月30日的1.72亿美元增加0.8亿美元,增长301.9%[277] 资产质量 - 不良贷款率为0.64%,较上一季度下降2个百分点,但较去年同期上升43个百分点[265] - 不良资产占总资产的0.50%,较去年同期上升33个基点[265] - 信用损失准备占贷款的比例为0.94%,较上一季度下降0.03个百分点[316] - 非履约资产于2024年6月30日为2,130万美元,较2023年12月31日的2,150万美元有所下降,但较2023年6月30日的710万美元有所增加[320] - 逾期30-89天且仍计息的贷款总额为2,030.1万美元,较2023年12月31日的2,426.3万美元有所下降[320,321] 资本充足性 - 公司总风险加权资产为30.73亿美元,普通股权一级资本比率为12.88%,超过银行监管资本规则要求[253] - 2024年6月30日,Arrow及其子银行的各项监管资本充足率均大幅超过监管要求的最低标准,并均达到"资本充足"的最高资本分类标准[324,326,327] 其他 - 公司主要从事商业银行业务[232] - 公司拥有两家银行子公司,分别位于纽约州格伦斯福尔斯和萨拉托加斯普林斯[232] - 公司还拥有保险代理、投资顾问和房地产投资信托等子公司[232] - 公司面临诸多风险因素,包括市场环境、竞争、技术变革、监管变化等[234,235] - 公司使用多种非公认会计准则指标,如税后等价净息差、效率比率、有形净值等[237,238,239,240] - 公司可能会调整某些收支项目以更好地反映其经营业绩[241,242] - 期末股票发行在外数量为16,723股[250] - 每股现金股利为0.270美元[250] - 净利差下降15.2%,从2.37%降至2.01%[361] - 净息差下降5.4%,从2.79%降至2.64%[361] - 非利息收入增加15.7%,达到1570.4万美元[365] - 非利息支出增加2.1%,达到4733万美元[367] - 有效税率下降1.4%,从21.3%降至21.0%[370]
Arrow Financial (AROW) - 2024 Q2 - Quarterly Results
2024-07-25 20:05
财务业绩 - 第二季度净收入为860万美元,每股收益为0.52美元[14] - 2024年上半年净利润为16,264千美元,较2023年同期增长11.3%[43] - 2024年上半年利息及股息收入为94,649千美元,较2023年同期增长24.4%[41] - 2024年上半年利息支出为41,042千美元,较2023年同期增加84.3%[41] - 2024年上半年非利息收入为15,714千美元,较2023年同期增加15.7%[41] - 2024年上半年非利息支出为47,330千美元,较2023年同期增加2.0%[41] - 2024年上半年每股基本收益为0.97美元,较2023年同期增长14.1%[41] - 2024年上半年每股摊薄收益为0.97美元,较2023年同期增长14.1%[41] - 公司总体业绩良好,第二季度净收益为8.604亿美元,同比增长12.3%[49] - 每股净资产为22.90美元,每股有形净资产为21.54美元[49] - 资产收益率为0.82%,权益收益率为9.15%[44] 贷款和存款 - 贷款总额达33亿美元,较上年同期增长7.1%[26] - 存款余额为37亿美元,较上年同期增加4.9%[28] - 2024年6月30日贷款余额为3,315,523千美元,较2023年12月31日增加3.2%[42] - 2024年6月30日存款余额为3,683,639千美元,较2023年12月31日下降0.1%[42] - 贷款总额为3,280.285亿美元,较上一季度增加1.4%[44] - 存款总额为3,678.957亿美元,较上一季度下降0.4%[44] - 贷款组合中商业贷款为9.21亿美元,消费贷款为11.39亿美元,房地产贷款为12.55亿美元[4] 资产质量 - 不良贷款率为0.64%,不良资产率为0.50%,贷款损失准备覆盖率为147.18%[4][5][6] - 本年度前6个月贷款净冲销率为0.16%,贷款损失准备计提率为0.10%[5][6] - 本年度前6个月贷款净冲销为164.8万美元,贷款损失准备计提为139.2万美元[7] - 公司净贷款核销率为0.10%、0.07%和0.09%[58] - 贷款损失准备金占平均贷款的比例为0.09%、0.11%和0.17%[58] 资本充足性 - 资本充足率保持较高水平,普通股权一级资本充足率为12.88%[33] - 公司总风险加权资产为30.73亿美元,普通股权一级资本比率为12.88%,超过最低要求加上全面实施的资本保护缓冲区[4] - 一级资本充足率为13.53%[44] 其他 - 净利息收入为2720万美元,同比增长5.4%[15] - 净利息收益率(FTE)为2.69%,较上季度提升[16] - 银行存款平均余额为15.93亿美元,平均收益率为5.52%[2] - 投资证券平均余额为6.44亿美元,平均收益率为2.27%[2] - 贷款平均余额为32.80亿美元,平均收益率为5.17%[2] - 公司获得监管批准将两家银行子公司合并为Arrow Bank National Association[35] - 两家银行子公司均保持5星级卓越表现评级[34] - 公司宣布派发每股0.27美元的季度现金股利[3] - 投资证券总额为644.192亿美元,较上一季度下降4.0%[44] - 非利息收入为7.856亿美元,与上一季度持平[44] - 效率比率为66.29%,较上一季度有所改善[44] - 资产总额为4,237.359亿美元,较上一季度下降0.2%[44]
Arrow to Unify Bank Subsidiaries into One Entity Renamed Arrow Bank
Prnewswire· 2024-07-23 20:30
GLENS FALLS, N.Y., July 23, 2024 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® - AROW) has finalized plans to unify its banking subsidiaries, Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company, into one entity to be renamed Arrow Bank National Association ("Arrow Bank"). Today's announcement follows the necessary public comment period and regulatory approval by the Office of the Comptroller of the Currency."Our decision to unify our bank brands under the Arrow ...
Arrow Financial (AROW) - 2024 Q1 - Quarterly Report
2024-05-10 20:32
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Large accelerated filer ☐ Accelerated filer ☑ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standard provided pursuant to Section 13(a) of the Exchange Act. __ ☐ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) ...
Arrow Financial (AROW) - 2024 Q1 - Quarterly Results
2024-04-30 20:07
250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.com Media Contact: Rachael Murray Tel: (518) 742-6505 Arrow Reports 1st Quarter Net Income of $7.7 Million, or $0.45 per Share, Declares Dividend of $0.27 per Share GLENS FALLS, N.Y. (April 30, 2024) – Arrow Financial Corporation (NasdaqGS – AROW) ("Arrow" or "the Company") announced financial results for the three-month period ended March 31, 2024. Net income for the first quarter of 2024 was $7.7 million and fully diluted ...
Arrow Financial (AROW) - 2023 Q4 - Annual Report
2024-03-11 00:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2023 ☐ Transition Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Commission File Number: 0-12507 ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 22-2448962 (State or other jurisdiction of incorporation or organization) (I.R.S. Em ...