Arrow Financial reports Q3 EPS 46c vs. last year

Reports Q3 provision for credit losses $354K vs. $948K in Q223 and $1.7M in the prior-year quarter. Tangible Book Value per Share was $19.76 from $19.84 at previous quarter end. CEO David DeMarco said, “This quarter, we continued to experience substantial loan growth with asset and deposit balances at or near record highs. We also continued our pattern of issuing cash and stock dividends, underscoring our dedication to creating value for our shareholders. As we move ahead, Arrow expects to restart our Dividend Reinvestment Plan. We were proud to officially open our renovated downtown Glens Falls campus and Main Office branch this summer. Glens Falls has been our home for much of our 172-year history, and we are excited about the positive impact this will have on all our stakeholders. As always, we are focused on enhancing the customer experience and optimizing our operations while supporting our exceptional team.”