AROW Q1 2024 Earnings — Arrow Financial Corporation Revenue & Financial Results | Market Cap Arena

AROWArrow Financial Corporation

$546M

Q1 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$55M+27.5% YoY

Gross Profit

$34M61.8% margin

Operating Income

$10M17.8% margin

Net Income

$8M14.0% margin

EPS (Diluted)

$0.45

QoQ Revenue Growth

+5.3%

Cash Flow

Operating Cash Flow

$10M

Free Cash Flow

$9M

Stock-Based Comp.

$211,000

Balance Sheet

Total Assets

$4.3B

Total Liabilities

$4.0B

Stockholders' Equity

$378M

Cash & Equivalents

$282M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$55M	$43M	+27.5%
Gross Profit	$34M	$33M	+1.4%
Operating Income	$10M	$11M	-11.3%
Net Income	$8M	$9M	-10.5%

Revenue Segments

Deposit Account

$3M51%

Fiduciary and Trust

$2M49%