
Overview
Arrow Financial Q2 net income rises to $10.8 mln, driven by strong net interest income
Company's net interest income hits record $32.5 mln, boosting net interest margin
Arrow Financial completes operational merger, enhancing banking platform and customer experience
Outlook
Company poised to advance strategic priorities and deliver community value
Result Drivers
NET INTEREST INCOME - Record net interest income of $32.5 mln driven by yield expansion on earning assets
CREDIT LOSS PROVISION - Decrease in provision for credit losses by $4.4 mln compared to prior quarter
BANK UNIFICATION - Operational merger completed, incurring $1.1 mln in non-core unification costs
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Net Income |
| $10.80 mln |
|
Q2 Net Interest Income |
| $32.53 mln |
|
Press Release: ID:nPn1YcfDJa