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Arrow Financial Corp. - AROW STOCK NEWS

Welcome to our dedicated news page for Arrow Financial (Ticker: AROW), a resource for investors and traders seeking the latest updates and insights on Arrow Financial.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Arrow Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Arrow Financial's position in the market.

News
Arrow Announces Acquisition of Whitehall, N.Y. Branch
Rhea-AI Summary
Arrow Financial Corporation announces the acquisition of a branch office in Whitehall, New York, from Berkshire Bank, aiming to expand market presence and enhance shareholder value. The sale includes deposit accounts with an approximate balance of $39 million and loans with an approximate balance of $3 million, set to be completed by the end of the third quarter of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.6%
Tags
acquisition
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News
Arrow Reports 4th Quarter Net Income of $7.7 Million or $0.46 per Share and $30.1 Million or $1.77 per Share for 2023. Declares Cash Dividend of $0.27 per Share, its 43rd Consecutive Quarterly Dividend
Rhea-AI Summary
Arrow Financial Corporation (AROW) reported a net income of $7.7 million and fully diluted EPS of $0.46 per share for Q4 2023, down from $12.1 million and $0.71 in Q4 2022. The annual net income for 2023 was $30.1 million with EPS of $1.77 compared to $48.8 million and EPS of $2.86 in 2022. The company declared a quarterly cash dividend of $0.27 per share, marking the 43rd consecutive quarterly cash dividend. The year-end highlights included record high loan balances, robust loan growth, and strong credit, capital, and liquidity positions. However, nonperforming assets increased to $21.5 million or 0.51% of period-end assets, primarily due to one large loan relationship of approximately $15 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.87%
Tags
dividends
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News
Arrow Declares December 2023 Cash Dividend; Announces Resumption of Dividend Reinvestment Plan and Expansion of Its Stock Repurchase Program
Rhea-AI Summary
Arrow Financial Corporation declares quarterly cash dividend, resumes Dividend Reinvestment Plan (DRIP), and expands stock repurchase program
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
buyback dividends
News
Arrow Reports Q3 2023 Net Income of $7.7 Million and Earnings per Share of $0.46, Loans of $3.1 Billion on 9% Annualized Loan Growth
Rhea-AI Summary
Arrow Financial Corporation (AROW) announces Q3 2023 financial results, with net income of $7.7 million and fully diluted earnings per share of $0.46. Nonperforming assets decrease to 0.16% of assets. Record high loans of $3.1 billion, growing at an annualized rate of 9%. Deposit balances increase to $3.7 billion, growing $164.3 million, or 4.7%. Net interest margin is 2.53%. Arrow enters into fair value swaps totaling $300 million. Non-interest income is $8.1 million. Non-interest expense is $23.5 million. Total assets are $4.3 billion. Loan growth is $68.7 million in Q3 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.08%
Tags
earnings
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News
Arrow Financial Corporation Declares Stock Dividend
Rhea-AI Summary
Arrow Financial Corporation declares 3% stock dividend
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.29%
Tags
dividends
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News
Arrow Reports $6.0 million in Q2 2023 Net Income, Loans Reach Record High of $3.1 Billion
Rhea-AI Summary
Arrow Financial Corporation announced financial results for Q2 2023, with net income of $6.0 million and fully diluted earnings per share of $0.36. Nonperforming assets decreased $4.2 million in the quarter. Total loans reached a record high of $3.1 billion, growing at an annualized rate of 8.6%. Strong liquidity of $376 million and additional $1.3 billion of immediately available liquidity. Non-interest income was $6.9 million. Non-interest expense was $24.1 million. Total assets were $4.1 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.27%
Tags
earnings
News
Board Appoints David S. DeMarco as Director; Approves 2023 Annual Meeting Date
Rhea-AI Summary
Arrow Financial Corporation (AROW) announced the reduction of directors from 11 to 10 and the appointment of President and CEO David S. DeMarco to the Board. The 2023 Annual Meeting of Shareholders is scheduled for October 25, 2023, with a record date of August 29, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.59%
Tags
management
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News
Arrow Declares September 2023 Cash Dividend
Rhea-AI Summary
Arrow Financial Corporation (AROW) Increases Quarterly Cash Dividend by 3%
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.2%
Tags
dividends
-
News
Arrow Reports $8.6 million in Q1 2023 Net Income and Grew Deposits by $48.0 Million
Rhea-AI Summary
Arrow Financial Corporation (NasdaqGS® – AROW) reported net income of $8.6 million and diluted earnings per share of $0.52 for the first quarter of 2023. Total assets were $4.1 billion, total deposits were $3.5 billion, and total loans reached a record high of $3.0 billion. The loan-to-deposit ratio was 85%. Nonperforming assets decreased to $11.3 million, representing 0.27% of period-end assets. Net interest margin was 2.96%, return on average assets (ROA) was 0.87%, and return on average equity (ROE) was 9.66%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.56%
Tags
earnings
News
Arrow Files 2022 Form 10-K
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.6%
Tags
none
Stock AROW logo
Arrow Financial Corp.

Nasdaq:AROW

AROW Rankings

#3213 Ranked by Market Cap
#4336 Ranked by Stock Gains
#686 Ranked by Dividends

AROW Stock Data

362.26M
14.40M
2.52%
47.56%
1.13%
Commercial Banking
Finance and Insurance
Link
US
Glens Falls

About AROW

arrow financial corporation, a bank holding company, provides commercial and consumer banking, and financial products and services. the company's deposit products include demand deposits, interest-bearing checking accounts, savings deposits, time deposits, and other time deposits. its lending activities comprise commercial loans, such as term loans, time notes, and lines of credit; and commercial real estate loans to finance real estate purchases, refinancing, expansions, and improvements to commercial properties, as well as commercial construction and land development loans to finance projects. the company's lending activities also include consumer installment loans to finance personal expenditures, personal lines of credit, overdraft protection, and automobile loans; and residential real estate loans, fixed home equity loans, and home equity lines of credit for consumers to finance home improvements, debt consolidation, education, and other uses. in addition, it maintains an indirect