AROW FY 2023 Earnings — Arrow Financial Corporation Revenue & Financial Results | Market Cap Arena

AROWArrow Financial Corporation

$546M

FY 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$192M+19.4% YoY

Gross Profit

$131M68.1% margin

Operating Income

$38M19.6% margin

Net Income

$30M15.7% margin

EPS (Diluted)

$1.77

Cash Flow

Operating Cash Flow

$21M

Free Cash Flow

$13M

Stock-Based Comp.

$823,000

Balance Sheet

Total Assets

$4.2B

Total Liabilities

$3.8B

Stockholders' Equity

$380M

Cash & Equivalents

$143M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$192M	$161M	+19.4%
Gross Profit	$131M	$144M	-9.6%
Operating Income	$38M	$63M	-40.4%
Net Income	$30M	$49M	-38.4%