Arrow Financial (NASDAQ:AROW) reported quarterly earnings of $0.82 per share which beat the analyst consensus estimate of $0.55 by 49.09 percent. This is a 115.79 percent increase over earnings of $0.38 per share from the same period last year. The company reported quarterly sales of $44.758 million which beat the analyst consensus estimate of $43.800 million by 2.19 percent. This is a 14.18 percent increase over sales of $39.200 million the same period last year.