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 reports recurring developments as a bank holding company with banking, lending, wealth management, and investment-related activities. Company news commonly covers quarterly earnings, net interest margin trends, loan and deposit balances, investment portfolio activity, non-interest income, credit reserves, and the financial effects of bank-system integration and subsidiary unification.
Arrow updates also include capital actions such as quarterly cash dividends and common-stock repurchase authorization, along with governance matters involving board composition and shareholder derivative litigation disclosures. Its operating commentary centers on commercial and industrial lending, residential and commercial mortgage lending, consumer financing, online and mobile banking, and fee-based banking or advisory services.
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.
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.