Arrow Financial Corp（AROW）资讯与事件AROWArrow Financial Corp

Arrow Financial and Adirondack Bancorp Merger Approved

Arrow Financial and Adirondack Bancorp announced they have received the approval of the Office of the Comptroller of the Currency to proceed with the previously announced merger of Arrow and Adirondack. Closing of the transaction is expected to occur on or around July 1, pending Adirondack shareholder approval, approvals or waivers from the New York State Department of Financial Services and the Federal Reserve Bank of New York and other customary closing conditions.

Arrow Q1 Net Interest Margin Rises to 3.47%

Reports Q1 net interest margin 3.47% or 3.48% FTE, from 3.24% - 3.25% FTE - in the prior quarter. Q1 provision for credit losses was $548K vs. $846K in 4Q25. Tangible book value per share was $25.09 from $24.71 last quarter end. Common Equity Tier 1 Capital Ratio was 13.30% vs. 13.01% last quarter. "As we celebrate our 175th anniversary, building on the strong year-end momentum, the Arrow team delivered exceptional financial results for Q1 of 2026. We achieved strong net interest margin expansion as well as a return on average assets close to 1.30% on an operating basis. Credit performance was even better with non-performing loans dipping to 13 basis points. During the first quarter, we also announced the acquisition of Adirondack Bank, which is expected to close in Q3 of 2026. We look forward to expanding our market with this high-quality, low-cost deposit franchise, adding approximately $950M to our balance sheet. We expect the transaction to provide significant EPS accretion in 2027 and beyond. Arrow is well positioned to continue to deliver strong results for its shareholders while continuing to execute on its strategic initiatives to build a premier banking franchise for its customers and the communities it serves."

Arrow Financial and Adirondack Bancorp Merge, Transaction Valued at Approximately $89.1M

Arrow Financial and Adirondack Bancorp jointly announced that both companies' boards of directors have unanimously approved an agreement and plan of merger pursuant to which Adirondack will merge with and into Arrow. Pursuant to the terms of the Agreement, Adirondack shareholders will receive a combination of stock and cash upon closing of the merger with Arrow. Each outstanding share of Adirondack common stock will be converted into 1.8610 shares of Arrow common stock plus $18.72 in cash. Based on the closing stock price of AROW common stock of $34.43 as of February 25, 2026, the per share implied consideration value is $82.79 and the aggregate implied transaction value is approximately $89.1M. Closing of the transaction is expected by the end of the second quarter of 2026 following receipt of approvals from regulatory authorities, the approval of Adirondack shareholders, and the satisfaction of other customary closing conditions. Once the acquisition is completed, Arrow will have 58 offices in upstate New York offering a full range of financial products and services.