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

• Arrow Financial Corp reported quarterly adjusted earnings of 97 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 77 cents. The mean expectation of four analysts for the quarter was for earnings of 94 cents per share.

• Revenue rose 40.4% to $60.15 million from a year ago; analysts expected $57.73 million.

• Arrow Financial Corp's reported EPS for the quarter was 31 cents​.

• The company reported quarterly net income of $5.7 million.

• Arrow Financial Corp shares had risen by 3.2% this quarter and gained 21.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for Arrow Financial Corp is $43.00, about 11.6% above its last closing price of $38.03

This summary was machine generated from LSEG data October 29 at 06:14 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)