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 (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.
Arrow Financial Corporation (AROW) reported a net income of $9.2 million for Q2 2020, up from $8.9 million in Q2 2019. Net interest income rose to $24.8 million, a 14.4% increase year-over-year. Total loans increased by 12.3% to $2.6 billion, while deposits grew by 22.6% to $3.1 billion. Arrow supported over 1,400 businesses with $140 million in Paycheck Protection Program loans. Despite the pandemic, the company maintained strong asset quality, with nonperforming loans at $6.5 million. Capital ratios remained robust, exceeding regulatory standards.