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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News
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Arrow Financial Corporation - AROWPR Newswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Arrow Financial Corporation - AROWGlobeNewswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Arrow Financial Corporation - AROWAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Arrow Financial Corporation - AROWGlobeNewswire
- Arrow Financial Co. (NASDAQ: AROW) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
AROW
Earnings
- 1/30/23 - Miss
AROW
Analyst Actions
- 4/19/23 - TheStreet
AROW
Sec Filings
- 5/30/23 - Form 4
- 5/15/23 - Form 8-K
- 5/11/23 - Form NT
- AROW's page on the SEC website