Arrow Financial (AROW) Reports In-Line Q1 EPS
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Arrow Reports First-Quarter Net Income Increase of 10.1%, Diluted EPS up 9.5%
April 21, 2015 12:12 PM EDT
GLENS FALLS, N.Y., April 21, 2015 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® AROW) announced operating results for the three-month period ended March 31, 2015. Net income for the first quarter of 2015 was $5.86 million, an increase of $535 thousand, or 10.1%, from net income of $5.32 million for the first quarter of 2014. Diluted earnings per share (EPS) for the quarter was $0.46, a 9.5% increase from the comparable 2014 quarter, when diluted EPS was $0.42. Return on average assets was 1.06%, and return on average equity was 11.72% for the 2015 first quarter, representing an increase of 7.1% and 5.5%, respectively, from the... More
