Arrow Reports $48.8 million in Net Income, Record Loan Growth of $315 million in 2022
Arrow Financial Corporation (AROW)
Last arrow financial corporation earnings: 4/24 07:32 am
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US:NASDAQ Investor Relations:
arrowfinancial.com/shareholders/investor-faqs
Company Research
Source: PR Newswire
GLENS FALLS, N.Y., Jan. 30, 2023 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) reported net income for fiscal year 2022 of $48.8 million, a decrease of $1.1 million, or 2.1%, compared to fiscal year 2021. Diluted earnings per share was $2.95 for the year ended December 31, 2022, as compared to $3.01 for the year ended December 31, 2021, a decrease of 2.0%. For the fourth quarter of 2022, net income was $12.1 million, an increase of $1.8 million, or 17.2%, from the fourth quarter of 2021. Diluted EPS was $0.73 for the fourth quarter of 2022, an increase of 17.7% from $0.62 from the comparable 2021 quarter.2022 Annual HighlightsEarnings:Diluted earnings per Share (EPS) was $2.95.Net income was $48.8 million.Revenue for 2022 was $149.2 million.Return on average assets (ROA) was 1.21%.Return on average equity (ROE) was 13.55%.Net interest margin was 3.03%.Balance Sheet:Total assets were $3.97 billion as of December 31, 2022.Total cash and cash equivalents were $64.7 mill
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AROW
News
- Institutions own 37% of Arrow Financial Corporation (NASDAQ:AROW) shares but individual investors control 50% of the company [Yahoo! Finance]Yahoo! Finance
- Arrow Financial Full Year 2023 Earnings: Revenues Disappoint [Yahoo! Finance]Yahoo! Finance
- Arrow Announces Acquisition of Whitehall, N.Y. BranchPR Newswire
- Berkshire Hills Bancorp agrees to sell 10 branches in New York [Seeking Alpha]Seeking Alpha
- Arrow Financial Insiders Added US$781.6k Of Stock To Their Holdings [Yahoo! Finance]Yahoo! Finance
AROW
Earnings
- 2/1/24 - Miss
AROW
Sec Filings
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- AROW's page on the SEC website