Arrow Finl Corp Stock Price, News & Analysis

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 The project focuses on enhancing both exterior and interior aspects, replacing outdated systems with energy-efficient alternatives, and creating a new customer transaction lobby.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.

Arrow Financial Corporation (NASDAQ: AROW) reported a net income of $11.0 million for Q3 2020, up from $10.1 million in Q3 2019. Net interest income rose to $24.9 million, an 11.6% increase year-over-year. Total loans reached $2.6 billion, representing an 11% growth, while deposits grew 24.9% to $3.3 billion. The company remains proactive in managing COVID-19 impacts, continuing to serve over 1,400 small business loan clients. Cash and stock dividends were distributed, with total stockholders' equity rising to $325.7 million, up 11.4% year-over-year.

On August 26, 2020, Arrow Financial Corporation (NasdaqGS: AROW) declared a 3% stock dividend, set for distribution on September 25, 2020. Shareholders of record by September 17, 2020 will receive three additional shares for every 100 shares owned. For fractional shares, a cash equivalent will be provided. The multi-bank holding company, based in Glens Falls, New York, operates banks and investment firms, serving the northeastern New York financial sector.

Arrow Financial Corporation (NasdaqGS - AROW) declared a quarterly cash dividend of $0.26 per share on July 29, 2020, payable on September 15, 2020, to shareholders of record on September 2, 2020. This marks a 3% increase from the dividend paid in Q3 2019, reflecting the company's ongoing commitment to shareholder returns. Arrow is a multi-bank holding company based in Glens Falls, NY, offering various financial services through its subsidiaries. For more details on financial performance and future expectations, refer to the company's filings with the SEC.