Banking services provider Arrow Financial Corp. (AROW) on Thursday announced an increase in net income for the second quarter compared to the prior year.
Net income for the quarter rose to $10.8 million, or $0.65 per share, from $6.3 million, or $0.38 per share, last year
Net interest income surged to $32.5 million from $27.2 million in the prior year quarter.
Net interest income after provision for credit losses increased to $31.9 million from $26.4 million a year ago.
Non-interest income declined to $7.6 million from $7.8 million in the same quarter last year.
The Board of Directors of Arrow declared a quarterly cash dividend of $0.29 per share, an increase of $0.01 or 3.6% from the prior quarter, payable on August 25, 2025, to shareholders of record as of August 11, 2025.
Arrow President and CEO David DeMarco said that Arrow reported strong second-quarter results with a 1.00% return on average assets and improved key metrics. The successful bank unification marks a major step in enhancing efficiency and strengthening the brand.
Currently, shares of Arrow Financial are at $27.03, up $0.30 or 1.12%.
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