AROW ARROW FINANCIAL CORP
Price Chart
Executive Summary
Arrow Financial Corporation held its 2026 Annual Meeting of Shareholders on June 3, 2026, and furnished the investor presentation via an 8-K (Items 7.01, 9.01). The presentation highlights strong 2025 financial results (EPS of $2.65, ROA of 1.00%, record NIM of 3.19%) and positive 1Q26 momentum (EPS of $0.82, NIM expanding to 3.48%, ROA of 1.23%). The key strategic event is the pending acquisition of Adirondack Bancorp, Inc. (~$950M in assets, 19 branches), which has received OCC approval and would create a combined ~$5.4B asset institution.
Actionable Insight
The acquisition of Adirondack Bancorp is the primary catalyst, with OCC approval already received. Monitor for remaining regulatory approvals and shareholder votes. The strong 1Q26 NIM expansion (3.48%) and improving efficiency ratio (58.1% ex-MRE) support near-term earnings momentum. Watch for the lower expected full-year 2026 tax rate as a further EPS tailwind.
Key Facts
- 2025 EPS of $2.65, ROA of 1.00%, record FTE NIM of 3.19%, ROE of 10.66%
- Tangible book value per share of $24.71, up 10.3% YoY
- 1Q26 net income of $13.5M, or $0.82 EPS; core EPS of $0.85 excluding ~$800k merger-related expenses
- 1Q26 FTE NIM expanded to 3.48% from 3.25% in 4Q25
- 1Q26 ROA of 1.23% (1.29% core); annualized net charge-offs of 10bps
- Deposits grew to $3.714B in 1Q26 from $3.639B at 4Q25
- Announced acquisition of Adirondack Bancorp, Inc. (~$950M in assets, 19 branches); received OCC approval
- Combined pro forma total assets of ~$5.4B, deposits of ~$4.8B, gross loans of ~$4.1B as of 12/31/2025
- Expecting lower effective tax rate for full year 2026 due to tax planning strategies
Financial Impact
Pending acquisition of Adirondack Bancorp (~$950M assets) will increase Arrow's total assets by ~$1B to ~$5.4B; combined deposits of ~$4.8B and gross loans of ~$4.1B
Risk Factors
- Merger integration risk with Adirondack Bancorp; pre-tax merger-related expenses of ~$800k in 1Q26
- Potential dilution from share issuance to fund the acquisition
- Interest rate sensitivity; NIM expansion dependent on loan/deposit repricing and reinvestment rates on AFS securities
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000717538-26-000081 |
| Document: arow-20260603.htm | 0000717538-26-000081 |
| Document: 0000717538-26-000081-index-headers.html | 0000717538-26-000081 |
| Document: 0000717538-26-000081-index.html | 0000717538-26-000081 |
| Document: 0000717538-26-000081.txt | 0000717538-26-000081 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 3, 2026
3d ago
|
8-K
| $35.78 $36.91 | ▲ +3.16% | ▲ +2.76% | $37.46 (+4.70%) |
|
May 8, 2026
29d ago
|
EFFECT
| $36.84 $36.09 | ▼ −2.05% | ▼ −2.28% | $37.46 (+1.67%) |
|
Apr 30, 2026
5w ago
|
8-K
| $36.55 $37.14 | ▲ +1.62% | ▲ +1.41% | $37.46 (+2.50%) |
|
Apr 23, 2026
6w ago
|
DEFA14A
| $36.24 $36.06 | ▼ −0.49% | ▼ −1.28% | $37.46 (+3.37%) |
|
Mar 27, 2026
10w ago
|
10-K/A
| $32.75 $33.35 | ▲ +1.84% | ▲ +2.20% | $37.46 (+14.39%) |
|
Feb 26, 2026
14w ago
|
8-K
| $34.02 $33.31 | ▼ −2.08% | ▼ −1.63% | $37.46 (+10.12%) |
US Market Status
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