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 (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.
Arrow Financial Corporation (NasdaqGS – AROW) reported strong operating results for Q2 2021, with net income of $13.3 million, up from $9.2 million in Q2 2020. Net interest income rose to $28.4 million, a 14.2% increase year-over-year. Key profitability ratios remained robust, with a return on equity (ROE) of 15.21% and return on assets (ROA) of 1.38%. Total loans grew by $82.2 million year-over-year, while deposits increased by 12.0%. The company also introduced digital enhancements, including a mobile app for business customers.
Arrow Financial Corporation (NasdaqGS: AROW) announces a significant renovation of its headquarters in Glens Falls, NY, set to begin in the coming months. The project focuses on enhancing both exterior and interior aspects, replacing outdated systems with energy-efficient alternatives, and creating a new customer transaction lobby. This renovation aims to accommodate anticipated growth and improve operational efficiency. The completion is projected for early 2023, marking a substantial investment in the company's future and its ability to serve customers effectively.
Arrow Financial Corporation (NasdaqGS - AROW) has declared a quarterly cash dividend of $0.26 per share on April 28, 2021, payable on June 15, 2021. This dividend marks a 3% increase from the previous year, following a 3% stock dividend distributed on September 25, 2020. The company, based in Glens Falls, New York, is a multi-bank holding entity overseeing several banking and investment subsidiaries.
Arrow Financial Corporation (AROW) reported a robust first quarter of 2021, with net income rising to $13.3 million from $8.1 million in Q1 2020. Net interest income grew by 13.7% to $26.2 million, supported by strong loan growth of $44.2 million. The company's return on average equity reached 15.81% and return on assets was 1.45%, up from the previous year. Arrow also originated over $212.8 million in PPP loans and saw total deposits increase to $3.5 billion, a 22.9% rise year-over-year. Overall, Arrow is well-positioned moving forward amidst ongoing economic recovery.
Arrow Financial Corporation (NASDAQ: AROW) announced a quarterly cash dividend of $0.26 per share, reflecting a 3% increase from the previous year. The dividend will be payable on March 15, 2021, to shareholders of record on March 2, 2021. Additionally, the company approved a new stock repurchase program allowing the buyback of up to $5 million of its common stock through December 31, 2021. This program replaces earlier authorizations and aims to enhance shareholder value.
Arrow Financial Corporation (NASDAQ: AROW) reported a strong performance in 2020, achieving record net income of $40.8 million, a rise of 8.9% from 2019. Q4 net income reached $12.5 million, up 28.3% year-over-year. Diluted EPS rose to $2.64 for the year, an increase of 8.5%. Total loan balances increased by $209 million (8.8%), and deposits grew by $618.7 million (23.6%). Despite a slight decline in profitability ratios, the company's asset quality remained strong with nonperforming assets at just 0.18%. Arrow also issued a cash dividend of $0.26 per share, up 3% from the previous year.
Arrow Financial Corporation (NasdaqGS - AROW) announced a quarterly cash dividend of $0.26 per share, payable on December 15, 2020, to shareholders of record by December 2, 2020. This marks a 3% increase from the previous year's fourth-quarter dividend, following a 3% stock dividend distributed on September 25, 2020. Arrow Financial operates through its banks and subsidiaries to meet financial needs in northeastern New York.