AROW Q1 2023 Earnings — Arrow Financial Corporation Revenue & Financial Results | Market Cap Arena

AROWArrow Financial Corporation

$546M

Q1 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$43M+15.3% YoY

Gross Profit

$33M77.6% margin

Operating Income

$11M25.5% margin

Net Income

$9M20.0% margin

EPS (Diluted)

$0.50

QoQ Revenue Growth

-0.7%

Cash Flow

Operating Cash Flow

$13M

Free Cash Flow

$11M

Stock-Based Comp.

$236,000

Balance Sheet

Total Assets

$4.1B

Total Liabilities

$3.8B

Stockholders' Equity

$363M

Cash & Equivalents

$203M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$43M	$37M	+15.3%
Gross Profit	$33M	$35M	-5.7%
Operating Income	$11M	$16M	-32.9%
Net Income	$9M	$13M	-31.9%

Revenue Segments

Deposit Account

$3M53%

Fiduciary and Trust

$2M47%