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Arrow Financial Corporation

Arrow Financial Corporation is a bank holding company that offers commercial and consumer banking products and services in the United States. Its deposit products include demand deposits, interest-bearing checking accounts, savings deposits, and time deposits. Lending activities cover commercial loans, commercial real estate loans, commercial construction and land development loans, consumer installment loans, personal lines of credit, overdraft protection, automobile loans, residential real estate loans, fixed home equity loans, and home equity lines of credit, along with an indirect lending program. The company also provides retirement planning, trust, and estate administration services for individuals, and pension, profit-sharing, and employee benefit plan administration for corporations, as well as insurance agency services including group health care policies, life insurance, and property and casualty insurance. Founded in 1851, it is headquartered in Glens Falls, New York.

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Arrow Financial Corp. second-quarter profit rises to $10.96 million

Arrow Financial Corp. reported second-quarter net income of $10.96 million, or $0.66 per share, up from $10.81 million, or $0.65 per share, a year earlier. Revenue increased 10.1% to $44.19 million from $40.14 million. On a non-GAAP basis, core net income was $11.72 million, or $0.71 per share, compared with $11.69 million, or $0.70 per share, in the prior-year period.
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