Arrow Financial Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 25.35 million compared to USD 30.9 million a year ago. Net income was USD 7.74 million compared to USD 12.16 million a year ago. Basic earnings per share from continuing operations was USD 0.46 compared to USD 0.72 a year ago. Diluted earnings per share from continuing operations was USD 0.46 compared to USD 0.72 a year ago.
For the nine months, net interest income was USD 79.22 million compared to USD 87.76 million a year ago. Net income was USD 22.35 million compared to USD 36.71 million a year ago. Basic earnings per share from continuing operations was USD 1.31 compared to USD 2.16 a year ago. Diluted earnings per share from continuing operations was USD 1.31 compared to USD 2.15 a year ago.