Welcome to our dedicated page for Arrow Finl news (Ticker: AROW), a resource for investors and traders seeking the latest updates and insights on Arrow Finl stock.
Arrow Financial Corporation (NASDAQ: AROW) is a commercial banking holding company headquartered in Glens Falls, New York, serving the financial needs of northeastern New York. This news page aggregates press releases and other coverage related to Arrow’s banking, insurance and investment activities, as reported by the company and in its SEC-furnished materials.
Readers can find updates on quarterly and annual financial results, including net income, earnings per share, net interest income, net interest margin, loan and deposit trends, and capital levels. Arrow regularly issues earnings releases that are also furnished on Form 8-K, along with investor presentations that review financial results and trends.
News items also cover strategic and operational developments, such as the unification of Arrow’s banking subsidiaries into Arrow Bank National Association, participation in the Allpoint ATM Network, acquisitions of a bank branch and insurance agency assets, and initiatives affecting customer access to services. Governance and corporate actions, including Board appointments, dividend declarations, share repurchase authorizations and progress on shareholder litigation settlements, are also documented in company announcements.
Because Arrow operates through banking, insurance and investment subsidiaries, its news flow spans topics from community banking and credit quality to insurance commissions and wealth management revenue. Investors and observers can use this page to review Arrow’s own commentary on performance, risk management, capital strength and recognition such as inclusion in the Piper Sandler Sm-All Stars list and BauerFinancial ratings. For ongoing context around AROW stock, this page provides a centralized view of the company’s disclosed developments over time.
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.
Arrow Financial Corporation (NasdaqGS – AROW) reported strong Q1 2022 financial results, achieving a net income of $12.6 million, down from $13.3 million YoY. Diluted earnings per share were $0.78. Total revenue grew by 3.5% to nearly $36 million. Loan growth was notable, with gross loans increasing by $69 million, while deposits rose by $164.9 million. The net interest margin slightly decreased to 2.90%. Key highlights include a strong balance sheet with total assets reaching $4.2 billion and a cash dividend of $0.27 per share, reflecting a 7% increase from the previous year.
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.