Arrow Financial Corporation (OQ:AROW)

Oct 30, 2019 03:40 pm ET
Arrow Approves 2020 Stock Repurchase Program
GLENS FALLS, N.Y., Oct. 30, 2019 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS® - AROW) on October 30, 2019, approved a new stock repurchase program authorizing the repurchase, at the discretion of senior management, of up to $5 million of the Company's common stock for the 2020 calendar year, in open market or negotiated transactions. This new repurchase program will replace the prior $5 million repurchase program authorized on January 30, 2019, which expires December 31, 2019. Through September 30, 2019, the Company had repurchased approximately $1.24 mill...
Oct 30, 2019 03:23 pm ET
Arrow Declares December Cash Dividend
GLENS FALLS, N.Y., Oct. 30, 2019 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS® - AROW) on October 30, 2019, declared a quarterly cash dividend of $0.26 per share payable December 13, 2019, to shareholders of record December 3, 2019. This represents an increase of 3% over the cash dividend paid in the fourth quarter of 2018, as a result of the 3% stock dividend distributed September 27, 2019....
Oct 22, 2019 07:41 am ET
Arrow Reports $10.1 million in Q3 Net Income and Year-Over-Year Loan Growth of 9.9%
GLENS FALLS, N.Y., Oct. 22, 2019 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) announced operating results for the three-month period ended September 30, 2019. Net income for the third quarter of 2019 was $10.1 million, compared to $9.3 million in the third quarter of 2018. Steady loan growth continued in the third quarter of 2019, as total loans grew by $55.3 million from June 30, 2019 to $2.3 billion. Driven primarily by this growth, net interest income increased to $22.3 million in the third quarter of 2019, compared to $21.0 million for the comparable quarter of 2018....
Aug 28, 2019 02:46 pm ET
Arrow Financial Corporation Declares Stock Dividend
GLENS FALLS, N.Y., Aug. 28, 2019 /PRNewswire/ -- Thomas J. Murphy, President and CEO, announced that a 3% stock dividend was declared on August 28, 2019, and will be distributed on September 27, 2019....
Jul 31, 2019 03:08 pm ET
Arrow Declares September Cash Dividend
GLENS FALLS, N.Y., July 31, 2019 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS® - AROW) on July 31, 2019 declared a quarterly cash dividend of $0.26 per share payable September 13, 2019, to shareholders of record September 4, 2019. This represents an increase of 3% over the cash dividend paid in the third quarter of 2018, as a result of the 3% stock dividend distributed September 27, 2018....
Jul 22, 2019 07:16 am ET
Arrow Reports Year-Over-Year Loan Growth of 10.8% and $8.9 million in Q2 Net Income
GLENS FALLS, N.Y., July 22, 2019 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) announced operating results for the three-month period ended June 30, 2019. Net income for the second quarter of 2019 was $8.9 million, compared to $9.7 million in the second quarter of 2018. Steady loan growth continued in the second quarter of 2019, as total loans grew by $45.1 million from March 31, 2019 to $2.3 billion. Driven primarily by this growth, net interest income increased to $21.7 million in the second quarter of 2019, compared to $21.0 million for the comparable quarter of 2018....
May 09, 2019 01:57 pm ET
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Possible Breaches of Fiduciary Duty by the Certain Officers and Directors of Arrow Financial Corporation
Levi & Korsinsky announces it has commenced an investigation of Arrow Financial Corporation (NASDAQGS: AROW) concerning possible breaches of fiduciary duty. To obtain additional information, go to: http://zlkdocs.com/AROW-Info-Request-Form-7536...
Apr 24, 2019 02:30 pm ET
Arrow Declares June Cash Dividend
GLENS FALLS, N.Y., April 24, 2019 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS® - AROW) on April 24, 2019, declared a quarterly cash dividend of $0.26 per share payable June 14, 2019, to shareholders of record June 4, 2019. This represents an increase of 7.1% over the cash dividend paid in the second quarter of 2018, as a result of the 3% stock dividend, and the 1 cent increase to the quarterly dividend rate, both occurring in September 2018....
Apr 23, 2019 07:54 am ET
Arrow Reports 12.2% Year-Over-Year Loan Growth and $8.7 million in Net Income
GLENS FALLS, N.Y., April 23, 2019 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) announced operating results for the three-month period ended March 31, 2019. Net income for the first quarter of 2019 was $8.7 million compared to $8.5 million in the first quarter of 2018. Steady loan growth continued in 2019, as net loans grew by $38.8 million to $2.21 billion. Driven primarily by this growth, net interest income increased to $21.1 million in the first quarter of 2019, compared to $20.4 million for the comparable quarter of 2018. Noninterest income, which includes revenues gene...
Jan 30, 2019 02:13 pm ET
Arrow Declares March Cash Dividend
GLENS FALLS, N.Y., Jan. 30, 2019 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS® - AROW) on January 30, 2019, declared a quarterly cash dividend of $0.26 per share payable March 15, 2019, to shareholders of record March 1, 2019. This represents an increase of 3% over the cash dividend paid in the fourth quarter of 2018, as a result of the 3% stock dividend distributed September 27, 2018....
Jan 30, 2019 02:09 pm ET
Arrow Approves 2019 Stock Repurchase Program
GLENS FALLS, N.Y., Jan. 30, 2019 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS® - AROW) on January 30, 2019, approved a new stock repurchase program authorizing the repurchase, at the discretion of senior management, of up to $5 million of the Company's common stock for the period January 30, 2019 through December 31, 2019, in open market or negotiated transactions. This new repurchase program will replace the prior $5 million repurchase program authorized on October 25, 2017, which expired December 31, 2018. During 2018, the Company had repurchased appro...
Jan 29, 2019 06:52 am ET
Arrow Reports Record Net Income of $36.3 Million and 12.6% Loan Growth for 2018
GLENS FALLS, N.Y., Jan. 29, 2019 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) announced operating results for the three- and twelve-month periods ended December 31, 2018. For the fourth quarter of 2018, net income was $8.8 million, an increase of $687 thousand, or 8.5%, from the fourth quarter of 2017. For the year ended December 31, 2018, net income was a record $36.3 million, up 23.7% over net income of $29.3 million for 2017. Diluted EPS was $0.60 for the fourth quarter, up 7.1% from 0.56 from the comparable 2017 quarter, and $2.50 for 2018, up 22.5% from $2.04 in 2017....
Oct 31, 2018 04:02 pm ET
Arrow Declares December Cash Dividend
GLENS FALLS, N.Y., Oct. 31, 2018 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS® – AROW) on October 31, 2018, declared a quarterly cash dividend of $0.26 per share payable December 14, 2018, to shareholders of record November 30, 2018. This represents an increase of 3% over the cash dividend paid in the third quarter of 2018, as a result of the 3% stock dividend distributed September 27, 2018....
Oct 22, 2018 07:55 am ET
Arrow Reports 24.9% Increase in Third Quarter Net Income
GLENS FALLS, N.Y., Oct. 22, 2018 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) announced operating results for the three-month period ended September 30, 2018. Net income for the third quarter of 2018 increased $1.8 million compared to the third quarter of 2017, mainly due to the $1.6 million increase in net interest income after the provision for loan losses as a result of strong loan growth, and a $552 thousand reduction in the provision for income taxes primarily due to lower tax rates as a result of the Tax Cuts and Jobs Act of 2017 ("Tax Act"). ...
Aug 29, 2018 02:01 pm ET
Arrow Financial Corporation Declares Stock Dividend for 10th Consecutive Year
GLENS FALLS, N.Y., Aug. 29, 2018 /PRNewswire/ -- Thomas J. Murphy, President and CEO, announced that a 3% stock dividend was declared on August 29, 2018, and will be distributed on September 27, 2018. This is the 10th consecutive year that Arrow has distributed a stock dividend....
Jul 25, 2018 03:14 pm ET
Arrow Declares September Cash Dividend
GLENS FALLS, N.Y., July 25, 2018 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS® – AROW) on July 25, 2018, declared a quarterly cash dividend of $0.26 per share payable September 14, 2018, to shareholders of record August 31, 2018. This represents a 1 cent increase over the June 2018 cash dividend. It also represents a 7.1% increase over the cash dividend paid in the third quarter of 2017, as a result of the 3% stock dividend distributed September 28, 2017....
Jul 23, 2018 07:33 am ET
Arrow Reports Increase in Second Quarter Net Income, Record Loan Balances
GLENS FALLS, N.Y., July 23, 2018 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) announced operating results for the three-month period ended June 30, 2018. Net income for the second quarter of 2018 was $9.7 million, an increase of $2.5 million, or 35.0%, from net income of $7.2 million a year earlier. Diluted earnings per share (EPS) for the second quarter was $0.69, an increase of 32.7% from diluted EPS of $0.52 during the comparable 2017 quarter. ...
Apr 25, 2018 12:34 pm ET
Arrow Declares June Cash Dividend
GLENS FALLS, N.Y., April 25, 2018 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS® – AROW) on April 25, 2018, declared a quarterly cash dividend of $0.25 per share payable June 15, 2018, to shareholders of record June 1, 2018. This represents an increase of 3% over the cash dividend paid in the second quarter of 2017, as a result of the 3% stock dividend distributed September 28, 2017....
Apr 23, 2018 08:42 am ET
Arrow Reports Increase in First-Quarter Net Income; Double Digit Loan Growth Continues
GLENS FALLS, N.Y., April 23, 2018 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) announced operating results for the three -month period ended March 31, 2018. Net income for the first quarter of 2018 was $8.5 million, an increase of $1.9 million, or 28.7%, from net income of $6.6 million a year earlier. Diluted earnings per share (EPS) for the first quarter was $0.61, an increase of 29.8% from diluted EPS of $0.47 during the comparable 2017 quarter. ...
Feb 06, 2018 10:37 am ET
Arrow Expands Executive Leadership Team
GLENS FALLS, N.Y., Feb. 6, 2018 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) today announced David S. DeMarco, who has been a Senior Vice President since 2009, will expand his role as the Company's newly appointed Chief Banking Officer. In addition, Andrew J. Wise was added to the Arrow executive leadership team as Senior Vice President and Chief Operating Officer. The promotions follow another record-earning year for Arrow and further signify the Company's focus on enhancing operations and continuously strengthening its strategic direction. ...
Jan 31, 2018 02:03 pm ET
Arrow Declares March Cash Dividend
GLENS FALLS, N.Y., Jan. 31, 2018 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS® – AROW) on January 31, 2018, declared a quarterly cash dividend of $0.25 per share payable March 15, 2018, to shareholders of record March 1, 2018. This represents an increase of 3% over the cash dividend paid in the first quarter of 2017, as a result of the 3% stock dividend distributed September 28, 2017....
Jan 30, 2018 09:55 am ET
Arrow Reports Record Net Income for 2017; Continues Double-Digit Loan Growth
GLENS FALLS, N.Y., Jan. 30, 2018 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) announced operating results for the three- and twelve-month periods ended December 31, 2017. For the year ended December 31, 2017, net income was a record $29.3 million, up 10.5% over net income of $26.5 million for 2016. Diluted EPS was a record $2.10 up 9.9% from $1.91 in 2016 while return on average equity (ROE) and return on average assets (ROA) were 12.14% and 1.09%, respectively, for the year, as compared to 11.79% and 1.06%, respectively, for 2016. Excluding the one-time benefit resulting f...
Oct 27, 2017 12:48 pm ET
Arrow Approves 2018 Stock Repurchase Program
GLENS FALLS, N.Y., Oct. 27, 2017 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (Nasdaq-GS: AROW) on October 25, 2017, approved a new stock repurchase program authorizing the repurchase, at the discretion of senior management, of up to $5 million of the Company's common stock over the 12-month period starting January 1, 2018, in open market or negotiated transactions. This new repurchase program will replace the existing $5 million repurchase program authorized on October 26, 2016, which expires December 31, 2017. Through October 16, 2017, the Company had repurchased a...
Oct 25, 2017 04:33 pm ET
Arrow Declares December Cash Dividend
GLENS FALLS, N.Y., Oct. 25, 2017 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS® – AROW) on October 25, 2017, declared a quarterly cash dividend of $0.25 per share payable December 15, 2017, to shareholders of record December 1, 2017. This represents an increase of 3% over the cash dividend paid in the third quarter of 2017, as a result of the 3% stock dividend distributed September 28, 2017....
Oct 23, 2017 10:17 am ET
Arrow Third-Quarter Net Income Up 10.1%; Double-Digit Loan Growth Continues
GLENS FALLS, N.Y., Oct. 23, 2017 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS: AROW) announced operating results for the three and nine-month periods ended September 30, 2017. Net income for the third quarter of 2017 was $7.4 million, an increase of $678 thousand, or 10.1%, from net income of $6.7 million a year earlier. Diluted earnings per share (EPS) for the third quarter was $0.53, an increase of 10.4% from diluted EPS of $0.48 during the comparable 2016 quarter....
Aug 30, 2017 04:31 pm ET
Arrow Financial Corporation Declares Stock Dividend
GLENS FALLS, N.Y., Aug. 30, 2017 /PRNewswire/ -- Thomas J. Murphy, President and CEO, announced that a 3% stock dividend was declared on August 30, 2017, and will be distributed on September 28, 2017....
Aug 16, 2017 01:50 pm ET
Arrow Financial Corporation Names Edward Campanella CFO
GLENS FALLS, N.Y., Aug. 16, 2017 /PRNewswire/ -- Today Arrow Financial Corporation (NasdaqGS® – AROW) announced Edward J. Campanella will join the company as Senior Vice President, Treasurer and Chief Financial Officer for Arrow, and Executive Vice President and Chief Financial Officer for the Company's lead subsidiary, Glens Falls National Bank and Trust Company, effective September 5. ...
Jul 26, 2017 05:09 pm ET
Arrow Declares Cash Dividend
GLENS FALLS, N.Y., July 26, 2017 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS® – AROW) on July 26, 2017, declared a quarterly cash dividend of $0.25 per share payable September 15, 2017, to shareholders of record September 1, 2017. This represents an increase of 3% over the cash dividend paid in the third quarter of 2016, as a result of the 3% stock dividend distributed September 29, 2016....
Jul 20, 2017 12:51 pm ET
Arrow Net Income Up 8.4%; Loans Increase 12.3%
GLENS FALLS, N.Y., July 20, 2017 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS: AROW) announced operating results for the three-month period ended June 30, 2017. Net income for the second quarter of 2017 was $7.2 million, an increase of $561 thousand, or 8.4%, from net income of $6.6 million a year earlier. Diluted earnings per share (EPS) for the second quarter was $0.53, an increase from $0.49 during the comparable 2016 quarter....
Apr 26, 2017 04:04 pm ET
Arrow Declares Cash Dividend
GLENS FALLS, N.Y., April 26, 2017 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS: AROW) on April 26, 2017, declared a quarterly cash dividend of $0.25 per share payable June 15, 2017, to shareholders of record June 2, 2017. This represents an increase of 3% over the cash dividend paid in the second quarter of 2016, as a result of the 3% stock dividend distributed September 29, 2016. ...
Apr 20, 2017 03:25 pm ET
Arrow Reports Increased Net Income; Strong Loan Growth Continues
GLENS FALLS, N.Y., April 20, 2017 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS: AROW) announced operating results for the three-month period ended March 31, 2017. Net income for the first quarter of 2017 was $6.6 million, an increase of $82 thousand, or 1.3%, from net income of $6.5 million a year earlier. Diluted earnings per share (EPS) for the first quarter was $0.49, the same as the 2016 comparable quarter. ...
Feb 07, 2017 12:52 pm ET
Arrow CFO to Retire
GLENS FALLS, N.Y., Feb. 7, 2017 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) announced today that Terry R. Goodemote has indicated his intention to retire from the Company....
Jan 25, 2017 03:42 pm ET
Arrow Declares Cash Dividend
GLENS FALLS, N.Y., Jan. 25, 2017 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS® – AROW) on January 25, 2017, declared a quarterly cash dividend of $0.25 per share payable March 15, 2017, to shareholders of record March 1, 2017. This represents an increase of 3% over the cash dividend paid in the first quarter of 2016, as a result of the 3% stock dividend distributed September 29, 2016. ...
Jan 20, 2017 12:53 pm ET
Arrow Reports Record Net Income for 2016, Continued Strong Loan Growth
GLENS FALLS, N.Y., Jan. 20, 2017 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) announced operating results for the three- and 12-month periods ended December 31, 2016. For the year ended December 31, 2016, net income was a record $26.5 million, up 7.6% over net income of $24.7 million for 2015. Diluted EPS was a record $1.97 up 6.5% from $1.85 in 2015. Return on average equity (ROE) and return on average assets (ROA) were 11.79% and 1.06%, respectively, for the year, as compared to 11.86% and 1.05%, respectively, for 2015. Net income for the fourth quarter of 2016 was $6.6 m...
Dec 01, 2016 01:32 pm ET
Three Directors Appointed to Arrow Board
GLENS FALLS, N.Y., Dec. 1, 2016 /PRNewswire/ -- Arrow Financial Corporation has appointed three new members to its Board of Directors: Mark Behan, Elizabeth Miller and Raymond O'Conor. All terms begin January 1, 2017....
Oct 26, 2016 05:39 pm ET
Arrow Approves 2017 Stock Repurchase Program
GLENS FALLS, N.Y., Oct. 26, 2016 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS® – AROW) on October 26, 2016, approved a new stock repurchase program authorizing the repurchase, at the discretion of senior management, of up to $5 million of the Company's common stock over the 12-month period starting January 1, 2017, in open market or negotiated transactions. This new repurchase program will replace the existing $5 million repurchase program authorized on October 28, 2015, which expires December 31, 2016. Through October 17, 2016, the Company had repurchased ...
Oct 26, 2016 04:07 pm ET
Arrow Financial Corporation Declares December Cash Dividend
GLENS FALLS, N.Y., Oct. 26, 2016 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS® – AROW) on October 26, 2016, declared a quarterly cash dividend of $0.25 per share payable December 15, 2016, to shareholders of record December 2, 2016. This represents an increase of 3% over the cash dividend paid in the fourth quarter of 2015, as a result of the 3% stock dividend distributed September 29, 2016. It also represents the 23rd consecutive year that cash dividends paid to shareholders have increased....
Oct 20, 2016 12:40 pm ET
Arrow Reports 13.6% Net Income Increase, Double-Digit Loan Growth
GLENS FALLS, N.Y., Oct. 20, 2016 /PRNewswire/ --...
Aug 31, 2016 06:51 pm ET
Arrow Financial Corporation Declares Stock Dividend
GLENS FALLS, N.Y., Aug. 31, 2016 /PRNewswire/ -- Thomas J. Murphy, President and CEO, announced that a 3% stock dividend was declared on Aug. 31, 2016, and will be distributed on Sept. 29, 2016....
Jul 27, 2016 06:11 pm ET
Arrow Financial Corporation Declares Cash Dividend
GLENS FALLS, N.Y., July 27, 2016 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS® – AROW) on July 27, 2016, declared a quarterly cash dividend of $0.25 per share payable September 15, 2016, to shareholders of record September 2, 2016. This represents an increase of 2% over the cash dividend paid in the third quarter of 2015, as a result of the 2% stock dividend on September 28, 2015. ...
Jul 20, 2016 01:36 pm ET
Arrow Reports 5.4% Increase in Net Income and Double-Digit Loan Growth
GLENS FALLS, N.Y., July 20, 2016 /PRNewswire/ -- ...
Apr 27, 2016 04:22 pm ET
Arrow Financial Corporation Declares Cash Dividend
GLENS FALLS, N.Y., April 27, 2016 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS® – AROW) on April 27, 2016, declared a quarterly cash dividend of $0.25 per share payable June 15, 2016, to shareholders of record June 3, 2016. This represents an increase of 2% over the cash dividend paid in the second quarter of 2015, as a result of the 2% stock dividend on September 28, 2015. ...
Apr 20, 2016 11:58 am ET
Arrow Reports 11.9% Net Income Increase, Continued Strong Loan Growth
GLENS FALLS, N.Y., April 20, 2016 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) announced operating results for the three-month period ended March 31, 2016. Net income for the first quarter of 2016 was $6.5 million, an increase of $694 thousand, or 11.9%, from net income of $5.9 million for the first quarter of 2015. Our key profitability ratios continue to remain strong as measured by a return on average equity (ROE) of 12.07% and a return on average assets (ROA) of 1.07% for the first quarter of 2016, up from 11.72% and 1.06%, respectively, from the prior-year first quarte...
Apr 05, 2016 05:28 pm ET
Arrow Awarded Raymond James Community Bankers Cup
GLENS FALLS, N.Y., April 5, 2016 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) is pleased to announce that it was recently awarded the 2015 Raymond James Community Bankers Cup in recognition of its "superior financial performance."...
Jan 27, 2016 03:40 pm ET
Arrow Financial Corporation Declares Cash Dividend
GLENS FALLS, N.Y., Jan. 27, 2016 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS® – AROW) on January 27, 2016, declared a quarterly cash dividend of $0.25 per share payable March 15, 2016, to shareholders of record March 3, 2016. This represents an increase of 2% over the cash dividend paid in the first quarter of 2015, as a result of the September 28, 2015, 2% stock dividend. ...
Jan 21, 2016 11:38 am ET
Arrow Reports Record High Net Income of $24.7 Million for 2015
GLENS FALLS, N.Y., Jan. 21, 2016 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) announced operating results for the three- and twelve-month periods ended December 31, 2015. Net income for the fourth quarter of 2015 was $6.6 million, an increase of $200 thousand, or 3.1%, from net income of $6.4 million for the fourth quarter of 2014. Diluted earnings per share (EPS) for the quarter was $0.51, an increase of 4.1% from the comparable 2014 quarter, when diluted EPS was $0.49. For the year ended December 31, 2015, net income was a record $24.7 million, up 5.6% over net income of ...