Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Arrow Financial Q1 Profit Edges Up - Quick Facts

Arrow Financial Corp. (AROW: Quote), 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.

Click here to receive FREE breaking news email alerts for Arrow Financial Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%. Here is a quick summary of the earnings reported after the bell on Nov. 24. 1. Amira Nature Foods Ltd (ANFI) reported net income for the second quarter of $8.3 million or $0.29 per share, compared to $5.0 million or $0.18 per share for the year-ago quarter. Excluding items, adjusted earnings...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.