Arrow Financial Corp (AROW) 30.53 $AROW
Arrow Financial Corporation Declares Cash Dividend
PR Newswire - Wed Apr 27, 2:22PM CDT
The Board of Directors of Arrow Financial Corporation (NasdaqGS® - AROW) on April 27, 2016, declared a quarterly cash dividend of $0.25 per share payable June 15, 2016, to shareholders of record June 3, 2016. This represents an increase of 2% over the cash dividend paid in the second quarter of 2015, as a result of the 2% stock dividend on September 28, 2015.
AROW: 30.53 (+0.55)
Arrow Financial posts 1Q profit
Automated Insights - Wed Apr 20, 10:04AM CDT
GLENS FALLS, N.Y. (AP) _ Arrow Financial Corp. (AROW) on Wednesday reported first-quarter earnings of $6.5 million.
AROW: 30.53 (+0.55)
Arrow Reports 11.9% Net Income Increase, Continued Strong Loan Growth
PR Newswire - Wed Apr 20, 9:58AM CDT
Arrow Financial Corporation (NasdaqGS® - AROW) announced operating results for the three-month period ended March 31, 2016. Net income for the first quarter of 2016 was $6.5 million, an increase of $694 thousand, or 11.9%, from net income of $5.9 million for the first quarter of 2015. Our key profitability ratios continue to remain strong as measured by a return on average equity (ROE) of 12.07% and a return on average assets (ROA) of 1.07% for the first quarter of 2016, up from 11.72% and 1.06%, respectively, from the prior-year first quarter.
AROW: 30.53 (+0.55)
Arrow Awarded Raymond James Community Bankers Cup
PR Newswire - Tue Apr 05, 3:28PM CDT
Arrow Financial Corporation (NasdaqGS® - AROW) is pleased to announce that it was recently awarded the 2015 Raymond James Community Bankers Cup in recognition of its "superior financial performance."
AROW: 30.53 (+0.55)
Arrow Financial declares cash dividend
M2 - Thu Feb 04, 7:00AM CST
Board of directors of Arrow Financial Corporation (NASDAQGS: AROW) has declared a quarterly cash dividend of USD0.25 per share payable March 15, 2016, to shareholders of record March 3, 2016, the company said. This represents an increase of two percent over the cash dividend paid in the first quarter of 2015, as a result of the September 28, 2015, 2 percent stock dividend. Arrow Financial Corporation is a multi-bank holding company headquartered in Glens Falls, New York, serving the financial needs of northeastern New York. The company is the parent of Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company.
AROW: 30.53 (+0.55)
Arrow Financial announces 2% higher dividend of USD0.25 per share for quarter
M2 - Thu Jan 28, 3:50AM CST
Arrow Financial Corporation's (NasdaqGS:AROW) board of directors authorised a quarterly cash dividend of USD0.25 per share, the company disclosed on Wednesday.
AROW: 30.53 (+0.55)
Arrow reports Q4 2015 net income of USD6.6m
M2 - Wed Jan 27, 4:48AM CST
Arrow Financial Corporation (NASDAQGS: AROW) has reported net income of USD6.6 million for the fourth quarter of 2015, an increase of USD200 thousand, or 3.1 percent, from net income of USD6.4 million for the fourth quarter of 2014, the company said. Diluted earnings per share (EPS) for the quarter was USD0.51, an increase of 4.1 percent from the comparable 2014 quarter, when diluted EPS was USD0.49. For the year ended December 31, 2015, net income was a record USD24.7 million, up 5.6 percent over net income of USD23.4 million for 2014, while diluted EPS was a record USD1.91, up 5.4 percent over USD1.81 in 2014. Return on average equity (ROE) and return on average assets (ROA) were 11.86 percent and 1.05 percent, respectively, for the year, as compared to 11.79 percent and 1.07 percent, respectively, for 2014. Fourth-quarter and year-to-date 2015 results include: Net interest income, on a tax-equivalent basis, increased USD1.4 million, or 8.2 percent, in the fourth quarter of 2015, as compared to the fourth quarter of 2014, due primarily to an increase in the average level of interest-earning assets between the periods and a decrease in cost of funds. At December 31, 2015, the company's loan portfolio reached a record high of USD1.574 billion, up USD160.7 million, or 11.4 percent, from the prior-year level, due to growth in all three of its major segments: commercial, consumer and residential real estate. At December 31, 2015, the company's deposit balances reached USD2.03 billion, up USD127.5 million, or 6.7 percent, from the prior-year level. Noninterest-bearing deposits grew USD58.0 million or 19.3 percent from the prior-year level, which has positively impacted net interest margin. Noninterest-bearing demand deposits represent 17.7 percent of total deposits at year-end, up from 15.8 percent as of the prior-year level. Assets under trust administration and investment management at December 31, 2015, rose to USD1.233 billion, a slight increase of USD6 million, or 0.5 percent, from the December 31, 2014, balance of USD1.227 billion. The growth in balances was generally attributable to a net gain in market value of accounts, which has since declined in 2016, as well as the addition of new accounts. For the 2015 fourth quarter, income from fiduciary activities of USD1.9 million was up 1.5 percent from the same period in 2014. A cash dividend of USD0.25 per share was paid to shareholders in the fourth quarter of 2015, two percent higher than the cash dividend paid in the 2014 quarter. This represents the 22nd consecutive year of an increased cash dividend. Arrow Financial Corporation is a multi-bank holding company headquartered in Glens Falls, New York, serving the financial needs of northeastern New York. The company is the parent of Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company.
AROW: 30.53 (+0.55)
Arrow Reports Record High Net Income of $24.7 Million for 2015
PR Newswire - Thu Jan 21, 10:38AM CST
Arrow Financial Corporation (NasdaqGS® - AROW) announced operating results for the three- and twelve-month periods ended December 31, 2015. Net income for the fourth quarter of 2015 was $6.6 million, an increase of $200 thousand, or 3.1%, from net income of $6.4 million for the fourth quarter of 2014. Diluted earnings per share (EPS) for the quarter was $0.51, an increase of 4.1% from the comparable 2014 quarter, when diluted EPS was $0.49. For the year ended December 31, 2015, net income was a record $24.7 million, up 5.6% over net income of $23.4 million for 2014, while diluted EPS was a record $1.91, up 5.4% over $1.81 in 2014. Return on average equity (ROE) and return on average assets (ROA) were 11.86% and 1.05%, respectively, for the year, as compared to 11.79% and 1.07%, respectively, for 2014.
AROW: 30.53 (+0.55)
Arrow Announces Stock Repurchase Program
PR Newswire - Thu Oct 29, 9:18AM CDT
The Board of Directors of Arrow Financial Corporation (NasdaqGS® - AROW) on October 28, 2015, approved a new stock repurchase program authorizing the repurchase, at the discretion of senior management, of up to $5 million of the Company's common stock over the 12-month period starting January 1, 2016, in open market or negotiated transactions. This new repurchase program will replace the existing $5 million repurchase program authorized on October 22, 2014, which expires December 31, 2015. Through October 28, 2015, the Company had repurchased approximately $705,000 of Company common stock under the existing program.
AROW: 30.53 (+0.55)
Arrow Financial announces 2% higher dividend of USD0.25 per share in Q4 2015 year over year
M2 - Thu Oct 29, 5:09AM CDT
The board of directors of Arrow Financial Corporation (NasdaqGS:AROW) approved a quarterly cash dividend of USD0.25 per share, the company disclosed on Wednesday.
AROW: 30.53 (+0.55)
Arrow Reports Net Income of $5.9 Million, Strong Loan Growth for Third Quarter
PR Newswire - Tue Oct 20, 9:44AM CDT
Arrow Financial Corporation (NasdaqGS® - AROW) announced operating results for the three- and nine-month periods ended September 30, 2015. Net income for the third quarter of 2015 was $5.93 million, down $214 thousand, or 3.5%, from net income of $6.15 million for the third quarter of 2014. The slight decline is attributable in part to the sale of investment securities during last year's third quarter, which generated a gain of $82 thousand, net of tax. Net income for the first nine months of 2015 was up $1.1 million, or 6.5%, from the prior-year period to $18.1 million. Our key profitability ratios continue to remain strong: return on average equity (ROE) was 11.24% and return on average assets (ROA) was 1.00% for the third quarter. For the nine-month period, ROE was 11.73%, up from 11.55% from the prior year and ROA was unchanged at 1.05%.
AROW: 30.53 (+0.55)
Arrow Financial announces 2% higher dividend of USD0.25 per share for Q3 2015 over Q3 2014
M2 - Thu Jul 30, 3:15AM CDT
Arrow Financial Corporation (NasdaqGS:AROW) disclosed on Wednesday that its board of directors approved a third quarter cash dividend of USD0.25 per share.
AROW: 30.53 (+0.55)
Arrow's Second-Quarter Net Income Up 14.1%, Asset Quality Remains Strong
PR Newswire - Tue Jul 21, 9:55AM CDT
Arrow Financial Corporation (NasdaqGS® - AROW) announced operating results for the three- and six-month periods ended June 30, 2015. Net income for the second quarter of 2015 was $6.31 million, an increase of $781 thousand, or 14.1%, from net income of $5.52 million for the second quarter of 2014. Diluted earnings per share (EPS) for the quarter were $0.50, a 13.6% increase from the comparable 2014 quarter, when diluted EPS was $0.44. Return on average assets was 1.09%, and return on average equity was 12.23% for the 2015 second quarter, representing increases of 7.9% and 8.4%, respectively, from the prior-year second quarter.
AROW: 30.53 (+0.55)
Arrow Financial Corporation Declares Cash Dividend
PR Newswire - Wed Apr 27, 2:22PM CDT
The Board of Directors of Arrow Financial Corporation (NasdaqGS® - AROW) on April 27, 2016, declared a quarterly cash dividend of $0.25 per share payable June 15, 2016, to shareholders of record June 3, 2016. This represents an increase of 2% over the cash dividend paid in the second quarter of 2015, as a result of the 2% stock dividend on September 28, 2015.
AROW: 30.53 (+0.55)
Arrow Financial posts 1Q profit
Automated Insights - Wed Apr 20, 10:04AM CDT
GLENS FALLS, N.Y. (AP) _ Arrow Financial Corp. (AROW) on Wednesday reported first-quarter earnings of $6.5 million.
AROW: 30.53 (+0.55)
Arrow Reports 11.9% Net Income Increase, Continued Strong Loan Growth
PR Newswire - Wed Apr 20, 9:58AM CDT
Arrow Financial Corporation (NasdaqGS® - AROW) announced operating results for the three-month period ended March 31, 2016. Net income for the first quarter of 2016 was $6.5 million, an increase of $694 thousand, or 11.9%, from net income of $5.9 million for the first quarter of 2015. Our key profitability ratios continue to remain strong as measured by a return on average equity (ROE) of 12.07% and a return on average assets (ROA) of 1.07% for the first quarter of 2016, up from 11.72% and 1.06%, respectively, from the prior-year first quarter.
AROW: 30.53 (+0.55)
Arrow Awarded Raymond James Community Bankers Cup
PR Newswire - Tue Apr 05, 3:28PM CDT
Arrow Financial Corporation (NasdaqGS® - AROW) is pleased to announce that it was recently awarded the 2015 Raymond James Community Bankers Cup in recognition of its "superior financial performance."
AROW: 30.53 (+0.55)
Arrow Financial declares cash dividend
M2 - Thu Feb 04, 7:00AM CST
Board of directors of Arrow Financial Corporation (NASDAQGS: AROW) has declared a quarterly cash dividend of USD0.25 per share payable March 15, 2016, to shareholders of record March 3, 2016, the company said. This represents an increase of two percent over the cash dividend paid in the first quarter of 2015, as a result of the September 28, 2015, 2 percent stock dividend. Arrow Financial Corporation is a multi-bank holding company headquartered in Glens Falls, New York, serving the financial needs of northeastern New York. The company is the parent of Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company.
AROW: 30.53 (+0.55)
Arrow Financial announces 2% higher dividend of USD0.25 per share for quarter
M2 - Thu Jan 28, 3:50AM CST
Arrow Financial Corporation's (NasdaqGS:AROW) board of directors authorised a quarterly cash dividend of USD0.25 per share, the company disclosed on Wednesday.
AROW: 30.53 (+0.55)
Arrow reports Q4 2015 net income of USD6.6m
M2 - Wed Jan 27, 4:48AM CST
Arrow Financial Corporation (NASDAQGS: AROW) has reported net income of USD6.6 million for the fourth quarter of 2015, an increase of USD200 thousand, or 3.1 percent, from net income of USD6.4 million for the fourth quarter of 2014, the company said. Diluted earnings per share (EPS) for the quarter was USD0.51, an increase of 4.1 percent from the comparable 2014 quarter, when diluted EPS was USD0.49. For the year ended December 31, 2015, net income was a record USD24.7 million, up 5.6 percent over net income of USD23.4 million for 2014, while diluted EPS was a record USD1.91, up 5.4 percent over USD1.81 in 2014. Return on average equity (ROE) and return on average assets (ROA) were 11.86 percent and 1.05 percent, respectively, for the year, as compared to 11.79 percent and 1.07 percent, respectively, for 2014. Fourth-quarter and year-to-date 2015 results include: Net interest income, on a tax-equivalent basis, increased USD1.4 million, or 8.2 percent, in the fourth quarter of 2015, as compared to the fourth quarter of 2014, due primarily to an increase in the average level of interest-earning assets between the periods and a decrease in cost of funds. At December 31, 2015, the company's loan portfolio reached a record high of USD1.574 billion, up USD160.7 million, or 11.4 percent, from the prior-year level, due to growth in all three of its major segments: commercial, consumer and residential real estate. At December 31, 2015, the company's deposit balances reached USD2.03 billion, up USD127.5 million, or 6.7 percent, from the prior-year level. Noninterest-bearing deposits grew USD58.0 million or 19.3 percent from the prior-year level, which has positively impacted net interest margin. Noninterest-bearing demand deposits represent 17.7 percent of total deposits at year-end, up from 15.8 percent as of the prior-year level. Assets under trust administration and investment management at December 31, 2015, rose to USD1.233 billion, a slight increase of USD6 million, or 0.5 percent, from the December 31, 2014, balance of USD1.227 billion. The growth in balances was generally attributable to a net gain in market value of accounts, which has since declined in 2016, as well as the addition of new accounts. For the 2015 fourth quarter, income from fiduciary activities of USD1.9 million was up 1.5 percent from the same period in 2014. A cash dividend of USD0.25 per share was paid to shareholders in the fourth quarter of 2015, two percent higher than the cash dividend paid in the 2014 quarter. This represents the 22nd consecutive year of an increased cash dividend. Arrow Financial Corporation is a multi-bank holding company headquartered in Glens Falls, New York, serving the financial needs of northeastern New York. The company is the parent of Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company.
AROW: 30.53 (+0.55)
Arrow Reports Record High Net Income of $24.7 Million for 2015
PR Newswire - Thu Jan 21, 10:38AM CST
Arrow Financial Corporation (NasdaqGS® - AROW) announced operating results for the three- and twelve-month periods ended December 31, 2015. Net income for the fourth quarter of 2015 was $6.6 million, an increase of $200 thousand, or 3.1%, from net income of $6.4 million for the fourth quarter of 2014. Diluted earnings per share (EPS) for the quarter was $0.51, an increase of 4.1% from the comparable 2014 quarter, when diluted EPS was $0.49. For the year ended December 31, 2015, net income was a record $24.7 million, up 5.6% over net income of $23.4 million for 2014, while diluted EPS was a record $1.91, up 5.4% over $1.81 in 2014. Return on average equity (ROE) and return on average assets (ROA) were 11.86% and 1.05%, respectively, for the year, as compared to 11.79% and 1.07%, respectively, for 2014.
AROW: 30.53 (+0.55)
Arrow Announces Stock Repurchase Program
PR Newswire - Thu Oct 29, 9:18AM CDT
The Board of Directors of Arrow Financial Corporation (NasdaqGS® - AROW) on October 28, 2015, approved a new stock repurchase program authorizing the repurchase, at the discretion of senior management, of up to $5 million of the Company's common stock over the 12-month period starting January 1, 2016, in open market or negotiated transactions. This new repurchase program will replace the existing $5 million repurchase program authorized on October 22, 2014, which expires December 31, 2015. Through October 28, 2015, the Company had repurchased approximately $705,000 of Company common stock under the existing program.
AROW: 30.53 (+0.55)
Arrow Financial announces 2% higher dividend of USD0.25 per share in Q4 2015 year over year
M2 - Thu Oct 29, 5:09AM CDT
The board of directors of Arrow Financial Corporation (NasdaqGS:AROW) approved a quarterly cash dividend of USD0.25 per share, the company disclosed on Wednesday.
AROW: 30.53 (+0.55)
Arrow Reports Net Income of $5.9 Million, Strong Loan Growth for Third Quarter
PR Newswire - Tue Oct 20, 9:44AM CDT
Arrow Financial Corporation (NasdaqGS® - AROW) announced operating results for the three- and nine-month periods ended September 30, 2015. Net income for the third quarter of 2015 was $5.93 million, down $214 thousand, or 3.5%, from net income of $6.15 million for the third quarter of 2014. The slight decline is attributable in part to the sale of investment securities during last year's third quarter, which generated a gain of $82 thousand, net of tax. Net income for the first nine months of 2015 was up $1.1 million, or 6.5%, from the prior-year period to $18.1 million. Our key profitability ratios continue to remain strong: return on average equity (ROE) was 11.24% and return on average assets (ROA) was 1.00% for the third quarter. For the nine-month period, ROE was 11.73%, up from 11.55% from the prior year and ROA was unchanged at 1.05%.
AROW: 30.53 (+0.55)
Arrow Financial announces 2% higher dividend of USD0.25 per share for Q3 2015 over Q3 2014
M2 - Thu Jul 30, 3:15AM CDT
Arrow Financial Corporation (NasdaqGS:AROW) disclosed on Wednesday that its board of directors approved a third quarter cash dividend of USD0.25 per share.
AROW: 30.53 (+0.55)
Arrow's Second-Quarter Net Income Up 14.1%, Asset Quality Remains Strong
PR Newswire - Tue Jul 21, 9:55AM CDT
Arrow Financial Corporation (NasdaqGS® - AROW) announced operating results for the three- and six-month periods ended June 30, 2015. Net income for the second quarter of 2015 was $6.31 million, an increase of $781 thousand, or 14.1%, from net income of $5.52 million for the second quarter of 2014. Diluted earnings per share (EPS) for the quarter were $0.50, a 13.6% increase from the comparable 2014 quarter, when diluted EPS was $0.44. Return on average assets was 1.09%, and return on average equity was 12.23% for the 2015 second quarter, representing increases of 7.9% and 8.4%, respectively, from the prior-year second quarter.
AROW: 30.53 (+0.55)
