Arrow Financial (AROW) Reports Q2 EPS of $0.50

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Go back to Arrow Financial (AROW) Reports Q2 EPS of $0.50

Arrow's Second-Quarter Net Income Up 14.1%, Asset Quality Remains Strong

July 21, 2015 10:56 AM EDT

GLENS FALLS, N.Y., July 21, 2015 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® AROW) announced operating results for the three- and six-month periods ended June 30, 2015. Net income for the second quarter of 2015 was $6.31 million, an increase of $781 thousand, or 14.1%, from net income of $5.52 million for the second quarter of 2014. Diluted earnings per share (EPS) for the quarter were $0.50, a 13.6% increase from the comparable 2014 quarter, when diluted EPS was $0.44. Return on average assets was 1.09%, and return on average equity was 12.23% for the 2015 second quarter, representing increases of 7.9% and 8.4%, respectively, from the prior-year second quarter.

Arrow President and CEO... More