AROW Q2 2023 Earnings — Arrow Financial Corporation Revenue & Financial Results | Market Cap Arena

AROWArrow Financial Corporation

$546M

Q2 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$47M+22.4% YoY

Gross Profit

$32M67.6% margin

Operating Income

$8M16.3% margin

Net Income

$6M12.9% margin

EPS (Diluted)

$0.35

QoQ Revenue Growth

+9.7%

Cash Flow

Operating Cash Flow

$12M

Free Cash Flow

$10M

Stock-Based Comp.

$125,000

Balance Sheet

Total Assets

$4.1B

Total Liabilities

$3.7B

Stockholders' Equity

$361M

Cash & Equivalents

$174M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$47M	$38M	+22.4%
Gross Profit	$32M	$36M	-11.6%
Operating Income	$8M	$16M	-50.8%
Net Income	$6M	$12M	-49.5%

Revenue Segments

Deposit Account

$3M53%

Fiduciary and Trust

$2M47%