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Arrow Declares June Cash Dividend


Arrow Declares June Cash Dividend
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GLENS FALLS, N.Y., April 29, 2021 /PRNewswire/  The Board of Directors of Arrow Financial Corporation (NasdaqGS
® - AROW) on April 28, 2021, declared a quarterly cash dividend of $0.26 per share payable June 15, 2021, to shareholders of record on June 2, 2021. This represents an increase of 3% over the cash dividend paid in the second quarter of 2020, as a result of the 3% stock dividend distributed on September 25, 2020.
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. The Company is the parent of Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company. Other subsidiaries include North Country Investment Advisers, Inc., and Upstate Agency, LLC, specializing in property and casualty insurance a ....

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Arrow Reports Annual Net Income of $40.8 million and Continued COVID-19 Response


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GLENS FALLS, N.Y., Jan. 28, 2021 /PRNewswire/  Arrow Financial Corporation (NasdaqGS
® – AROW) announced operating results for the three- and 12-month periods ended December 31, 2020. For the fourth quarter of 2020, net income was $12.5 million, an increase of $2.8 million, or 28.3%, from the fourth quarter of 2019. For the year ended December 31, 2020, net income was a record $40.8 million, up 8.9% over net income of $37.5 million for 2019. Diluted EPS was $0.81 for the fourth quarter, up 28.6% from $0.63 from the comparable 2019 quarter, and $2.64 for 2020, up 8.5% from $2.43 in 2019.
Profitability ratios remained solid in 2020, as return on average equity (ROE) and return on average assets (ROA) were 12.77% and 1.17%, respectively, as compared to 13.17% and 1.24%, respectively, for 2019. ROE was 14.98% for the fourth quarter, up from 13.05% from the fourth quarter of 2019. ROA was 1.34% for the fourth quarter, which represents an increase fro ....

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