Arrow Finl Corp Stock Price, News & Analysis

Arrow Financial Corporation announced the promotion of David S. DeMarco, David D. Kaiser, Edward J. Campanella, and Andrew J. Wise to Senior Executive Vice Presidents effective February 1, 2022. The promotions reflect the company's strong operational and financial performance. Each executive will maintain their current roles within Arrow and its subsidiary banks, Glens Falls National Bank and Saratoga National Bank. President and CEO Thomas J. Murphy emphasized their dedication and commitment towards the company's success.

Arrow Financial Corporation (AROW) declared a quarterly cash dividend of $0.27 per share, payable on March 15, 2022, to shareholders of record on March 1, 2022. This marks a 1 cent increase from the December 2021 dividend and a 3.8% increase compared to the fourth quarter of 2021, reflecting the company's confidence in financial stability. Arrow Financial Corporation operates in northeastern New York through its subsidiaries, serving diverse banking and insurance needs.

Arrow Financial Corporation (NASDAQ: AROW) reported a record net income of $49.9 million for the year ended December 31, 2021, marking a 22.1% increase from $40.8 million in 2020. Total revenue grew by $10.9 million, while credit loss provisions decreased by $9.0 million, despite higher operating expenses. The fourth-quarter net income decreased by 17.5% to $10.3 million. Diluted EPS for 2021 rose to $3.10, up 21.2%, while fourth quarter EPS was $0.63, down 19.2%. Total assets reached a record $4 billion.

On October 27, 2021, Arrow Financial Corporation (NasdaqGS - AROW) announced a new stock repurchase program allowing for the buyback of up to $5 million of its common stock throughout 2022. This initiative replaces the previous $5 million program that expires on December 31, 2021. As of September 30, 2021, Arrow had repurchased approximately $1.46 million in stock under the prior program. The company, headquartered in Glens Falls, New York, operates as a multi-bank holding company and serves northeastern New York.

On October 27, 2021, Arrow Financial Corporation (AROW) declared a quarterly cash dividend of $0.26 per share, payable on December 15, 2021, to shareholders of record by December 2, 2021. This marks a 3% increase from the previous year's dividend in Q4 2020, attributed to a prior 3% stock dividend issued on September 24, 2021. Headquartered in Glens Falls, NY, Arrow Financial operates multiple banks and investment firms, serving the financial needs of northeastern New York.

Arrow Financial Corporation (AROW) reported a net income of $13.0 million for Q3 2021, up from $11.0 million in Q3 2020, with net interest income rising to $28.6 million. Year-to-date figures show net income of $39.5 million, a significant increase from $28.3 million in 2020. Asset growth exceeded $4 billion, reflecting strong profitability ratios with ROE at 14.34% and ROA at 1.32%. Notable developments include the consolidation of branches and advancements in technology platforms, along with continued support for customers amid COVID-19.

Arrow Financial Corporation (NasdaqGS – AROW) has been recognized as part of the Piper Sandler Sm-All Stars Class of 2021, highlighting its status among the top 35 small-cap banks and thrifts in the U.S. This prestigious accolade comes after evaluating 386 institutions based on growth, profitability, credit quality, and capital strength. Notably, Arrow is one of only five New York institutions to receive this honor, underscoring its impressive performance metrics which surpass industry averages. President and CEO Thomas J. Murphy attributed this achievement to the dedication of the Arrow team.

On August 25, 2021, Arrow Financial Corporation (AROW) declared a 3% stock dividend for shareholders of record on September 17, 2021. This dividend will result in recipients receiving three additional shares for every 100 shares owned, with cash equivalents provided for fractional shares. The distribution date is set for September 24, 2021. As a multi-bank holding company based in Glens Falls, NY, Arrow Financial operates several subsidiaries, providing various financial services in northeastern New York.

Arrow Financial Corporation (NasdaqGS - AROW) announced a quarterly cash dividend of $0.26 per share, representing a 3% increase over the previous year. This dividend will be payable on September 15, 2021, to shareholders of record as of September 3, 2021. The firm operates through several subsidiaries, including Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company, focusing on the financial needs of northeastern New York.