GLENS FALLS, N.Y. (AP) — GLENS FALLS, N.Y. (AP) — Arrow Financial Corp. (AROW) on Thursday reported fourth-quarter profit of $4.5 million.
The bank, based in Glens Falls, New York, said it had earnings of 27 cents per share. Earnings, adjusted for non-recurring costs, came to 47 cents per share.
The bank holding company posted revenue of $55.1 million in the period. Its revenue net of interest expense was $37 million, which fell short of Street forecasts.
For the year, the company reported profit of $29.7 million, or $1.77 per share. Revenue was reported as $142.7 million.
Arrow Financial shares have declined almost 4% since the beginning of the year. The stock has climbed 1.5% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AROW at https://www.zacks.com/ap/AROW
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