Arrow Financial: 4Q Earnings Snapshot
GLENS FALLS, N.Y. (AP) _ Arrow Financial Corp. (AROW) on Tuesday reported fourth-quarter net income of $9.7 million.
The bank, based in Glens Falls, New York, said it had earnings of 65 cents per share.
The bank holding company posted revenue of $35.4 million in the period. Its revenue net of interest expense was $30 million, which topped Street forecasts.
For the year, the company reported profit of $37.5 million, or $2.50 per share. Revenue was reported as $116.6 million.
Arrow Financial shares have declined 5% since the beginning of the year. The stock has climbed 13% in the last 12 months.