Arrow Financial Corp. (AROW), Wednesday, reported a slight increase in profit for the first quarter.
The Glens Falls, New York-based multi-bank holding company reported a first-quarter net profit of $5.29 million, compared to $5.28 million. On a per-share basis, earnings was flat at 45 cents. Net interest income for the quarter dropped to $14.41 million from $14.55 million, where as net interest income after provision for loan losses decreased to $14.13 million from $14.33 million in the prior-year quarter.
For the quarter, total non-interest income rose to $6.56 million from $5.62 million in the prior-year quarter. For the quarter, the company paid a cash dividend to its shareholders of $0.25, a 3 percent increase from the prior-year quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.