Arrow Finl Corp Stock Price, News & Analysis

On February 1, 2023, the Board of Directors of Arrow Financial Corporation (AROW) declared a quarterly cash dividend of $0.27 per share, payable on March 15, 2023, to shareholders of record as of March 3, 2023. This represents a 3.0% increase from the dividend paid in the first quarter of 2022, attributed to a 3% stock dividend distributed on September 23, 2022. Arrow Financial Corporation is a multi-bank holding company based in Glens Falls, New York, serving northeastern New York through its banks and investment services.

Arrow Financial Corporation (NasdaqGS – AROW) reported a net income of $48.8 million for fiscal year 2022, down 2.1% from 2021. Diluted earnings per share decreased 2.0% to $2.95. In Q4 2022, net income rose 17.2% to $12.1 million, with diluted EPS increasing 17.7% to $0.73. Total revenue for 2022 was $149.2 million, while total assets were $3.97 billion. Key metrics included a 1.21% return on assets and 13.55% return on equity. The company also achieved significant loan growth of 11.8%, but faced challenges with a $4.5 million rise in the provision for credit losses and a 4.5% increase in noninterest expenses.

The Board of Directors of Arrow Financial Corporation (AROW) has authorized a new stock repurchase program, allowing the company to buy back up to $5 million of its common stock in 2023. This replaces the previous $5 million program that expires on December 31, 2022. As of September 30, 2022, Arrow had repurchased approximately $2.46 million under the prior program. The company, a multi-bank holding entity based in Glens Falls, New York, serves the financial needs of northeastern New York.

Arrow Financial Corporation (NasdaqGS - AROW) announced a quarterly cash dividend of $0.27 per share, payable on December 15, 2022, to shareholders of record on December 1, 2022. This marks a 7% increase from the fourth quarter of 2021, driven by a $0.01 per share increase and a 3% stock dividend distributed on September 23, 2022. As a multi-bank holding company based in Glens Falls, New York, Arrow provides financial services through its subsidiaries, including Glens Falls National Bank.

Arrow Financial Corporation (NasdaqGS® – AROW) reported third-quarter 2022 net income of $12.2 million, a slight decrease from $13 million in the same quarter of 2021. Diluted earnings per share were $0.74, with a net interest margin of 3.14%. Total assets reached a record $4.2 billion, supported by strong loan growth of $80 million and deposit growth of $249 million. However, net charge-offs increased to $573 thousand from $153 thousand year-over-year. The company also recognized a special bonus for employees and announced consolidation efforts to optimize branch operations.

The Board of Directors of Arrow Financial Corporation (NasdaqGS - AROW) announced a 3% stock dividend on August 31, 2022. This dividend will be distributed on September 23, 2022, to shareholders of record as of September 19, 2022. Shareholders will receive three additional shares for every 100 shares owned, with cash equivalents provided for any fractional shares. Arrow Financial, based in Glens Falls, New York, operates multiple banks and insurance subsidiaries, serving the financial needs of northeastern New York.

Arrow Financial Corporation (AROW) declared a quarterly cash dividend of $0.27 per share, an increase of 7% from the previous year. The dividend will be payable on September 15, 2022, to shareholders on record as of September 1, 2022. This is a result of a $0.01 share increase and a 3% stock dividend from the prior year. Arrow Financial operates in northeastern New York, providing banking and investment services through its subsidiaries.

Arrow Financial Corporation (NASDAQ: AROW) reported a net income of $12.0 million for Q2 2022, down from $13.3 million in Q2 2021. The diluted EPS was $0.75. Loan growth was significant, with gross loans increasing by $108 million, excluding a $17 million reduction in PPP loans. The provision for credit losses rose to $905,000, reflecting strong loan growth and economic uncertainties. Total assets stood at $4.0 billion, with total loans reaching a record $2.8 billion. Arrow declared a 7% increase in cash dividends, now at $0.27 per share.

The Board of Directors of Arrow Financial Corporation (AROW) declared a quarterly cash dividend of $0.27 per share, payable on June 15, 2022, to shareholders of record as of June 1, 2022. This marks a 7% increase from the previous year's second-quarter dividend, resulting from a $0.01 per share increase and a 3% stock dividend issued on September 24, 2021. Arrow Financial Corporation, based in Glens Falls, NY, operates as a multi-bank holding company and serves the financial needs of northeastern New York.