Welcome to our dedicated page for Arrow Financial news (Ticker: AROW), a resource for investors and traders seeking the latest updates and insights on Arrow Financial stock.
Arrow Financial Corporation (NasdaqGS: AROW) is a multi-bank holding company headquartered in Glens Falls, New York. Serving the financial needs of northeastern New York, Arrow Financial Corporation operates through several subsidiaries, including Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company. The company provides a comprehensive range of commercial and consumer banking products and services.
Arrow Financial Corporation's product portfolio includes demand deposits, interest-bearing checking accounts, savings deposits, time deposits, and other timed deposit products. Its lending services cover a broad spectrum, ranging from commercial loans, real estate loans, and consumer installment loans to personal lines of credit, overdraft protection, and automobile loans. Additionally, the company offers residential real estate loans and home equity lines of credit, making it a versatile player in the banking sector.
In recent achievements, Arrow Financial Corporation filed its Annual Report on Form 10-K for the year ended December 31, 2022. The company showcased its resilience with a net income of $8.6 million for the first quarter of 2023, despite a challenging banking environment. Highlights include maintaining strong liquidity, adding to its deposit base, and completing a comprehensive renovation of its headquarters. These efforts underscore Arrow's commitment to enhancing customer experience and operational efficiency.
The company also declared regular quarterly cash dividends, reflecting its strong financial health and commitment to returning value to shareholders. Recent dividends include $0.27 per share, marking the 43rd consecutive quarterly cash dividend. Moreover, Arrow Financial Corporation expanded its stock repurchase program by $5 million, highlighting its strategic focus on long-term shareholder value.
In a strategic move, Arrow's subsidiary, Glens Falls National Bank, entered a definitive agreement to acquire a branch office from Berkshire Bank, expanding its market presence and enhancing its services in the region. This acquisition is expected to be completed by the end of the third quarter of 2024.
Arrow Financial Corporation remains dedicated to its communities and has invested significantly in technology and team development. The company recently celebrated graduates from its internal leadership and development programs, reinforcing its culture of continuous improvement and collaboration.
Arrow Financial Corporation continues to deliver strong performance metrics, with recent quarterly results showing robust loan growth, strong credit performance, and healthy liquidity and capital positions. The company’s diversified revenue streams, primarily from interest income, fees, and commissions, support its stable financial foundation.
For more detailed financial information and latest updates, shareholders and interested parties are encouraged to review Arrow’s filings with the Securities and Exchange Commission (SEC), including its quarterly and annual reports.
The Board of Directors of Arrow Financial Corporation (NasdaqGS - AROW) announced a 3% stock dividend on August 31, 2022. This dividend will be distributed on September 23, 2022, to shareholders of record as of September 19, 2022. Shareholders will receive three additional shares for every 100 shares owned, with cash equivalents provided for any fractional shares. Arrow Financial, based in Glens Falls, New York, operates multiple banks and insurance subsidiaries, serving the financial needs of northeastern New York.
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.
FAQ
What is the current stock price of Arrow Financial (AROW)?
What is the market cap of Arrow Financial (AROW)?
What services does Arrow Financial Corporation offer?
Where is Arrow Financial Corporation headquartered?
What subsidiaries operate under Arrow Financial Corporation?
How has Arrow Financial Corporation performed recently?
What was Arrow Financial Corporation's recent dividend announcement?
What recent acquisitions has Arrow Financial Corporation made?
How does Arrow Financial Corporation support its communities?
What are Arrow Financial Corporation's primary revenue sources?
How does Arrow Financial Corporation ensure strong financial performance?
Where can I find more detailed financial information about Arrow Financial Corporation?
