Arrow Financial Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company announced total interest and dividend income of $19,770,000 compared to $18,510,000 for the same period a year ago. Net interest income was $18,366,000 compared to $17,279,000 for the same period a year ago. Income before provision for income taxes was $9,259,000 compared to $9,259,000 for the same period a year ago. Net income was $6,600,000 compared to $6,569,000 for the same period a year ago. Diluted earnings per share were $0.49 compared to $0.49 for the same period a year ago. Return on average assets was 1.02% compared to 1.07% for the same period a year ago. Return on average equity was 11.41% compared to 12.22% for the same period a year ago. Return on tangible equity was 12.77% compared to 13.86% for the same period a year ago. Book value per share was $17.27 compared to $16.05 for the same period a year ago. Tangible book value per share was $15.45 compared to $14.18 for the same period a year ago.

For the full year, the company announced total interest and dividend income of $76,915,000 compared to $70,738,000 for the same period a year ago. Net interest income was $71,559,000 compared to $65,925,000 for the same period a year ago. Income before provision for income taxes was $37,749,000 compared to $35,272,000 for the same period a year ago. Net income was $26,534,000 compared to $24,662,000 for the same period a year ago. Diluted earnings per share were $1.97 compared to $1.85 for the same period a year ago. Return on average equity and return on average assets were 11.79% and 1.06%, respectively, for the year, as compared to 11.86% and 1.05%, respectively, for 2015.

For the fourth quarter ended December 31, 2016, the company announced net loans charged-off of $1,059,000 compared to $879,000 for the same period a year ago.