Arrow Financial Corp reports results for the quarter ended June 30 - Earnings Summary

• Arrow Financial Corp AROW reported quarterly adjusted earnings of 65 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 52 cents. The lone analyst forecast for the quarter was for earnings of 56 cents per share.

• Revenue rose 14.7% to $40.14 million from a year ago; analysts expected $39.90 million.

• Arrow Financial Corp's reported EPS for the quarter was 65 cents​.

• The company reported quarterly net income of $10.81 million.

• Arrow Financial Corp shares had risen by 1.2% this quarter and lost 6.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.5% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for Arrow Financial Corp is $27.50, about 2.8% above its last closing price of $26.73

This summary was machine generated from LSEG data July 24 at 12:46 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)