Arrow Financial reports Q4 EPS 46c vs. 71c last year

Q4 net interest margin was 2.53% vs. 3.08% for 4Q22. Tangible Book Value at year-end was $21.06, an increase from $19.37 from the prior year. CEO David DeMarco said, “As we reflect on a challenging year, I want to thank our employees who continued to diligently serve the needs of our customers, communities and shareholders. Arrow finished the year with robust loan growth, posting record high loan balances while maintaining strong credit, capital and liquidity positions. We also expanded our existing stock repurchase program by $5M and reinstated our dividend reinvestment program. Our solid finish to the year is directly attributable to the hard work and dedication of our exceptional team.”