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Dec 31, 2019
Arrow Financial Q4 2019 Earnings Report
Arrow Financial Corporation reported an increase in net income and diluted EPS compared to the same quarter last year.
Key Takeaways
Arrow Financial Corporation reported net income of $9.7 million, an increase of 11.2% compared to the fourth quarter of 2018. Diluted EPS was $0.65, up 10.2% from $0.59 in the comparable 2018 quarter. The company's profitability ratios remained solid, with a return on average equity of 13.05% and a return on average assets of 1.24%.
Net income for Q4 2019 was $9.7 million, up 11.2% year-over-year.
Diluted EPS for Q4 2019 grew to $0.65, a 10.2% increase year-over-year.
Total loan balances reached a record high of $2.4 billion.
Total deposit balances reached $2.6 billion, up by $270.5 million from the prior year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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