Arrow Financial Reports Q4 Earnings
GLENS FALLS, N.Y. (AP) - Arrow Financial Corp. (AROW) announced fourth-quarter earnings of $4.5 million, with earnings per share of 27 cents. Adjusted for non-recurring costs, earnings reached 47 cents per share. Revenue amounted to $55.1 million, with net revenue after interest expenses falling short of analyst estimates at $37 million.
For the full year, Arrow Financial recorded $29.7 million in profit, or $1.77 per share, with revenue of $142.7 million. Despite the recent 4% decline in share prices year-to-date, the stock has experienced a modest 1.5% increase over the past year.