AROW Q2 2024 Earnings — Arrow Financial Corporation Revenue & Financial Results | Market Cap Arena

AROWArrow Financial Corporation

$546M

Q2 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$56M+19.0% YoY

Gross Profit

$34M61.3% margin

Operating Income

$11M19.6% margin

Net Income

$9M15.4% margin

EPS (Diluted)

$0.51

QoQ Revenue Growth

+2.4%

Cash Flow

Operating Cash Flow

$9M

Free Cash Flow

$8M

Stock-Based Comp.

$209,000

Balance Sheet

Total Assets

$4.2B

Total Liabilities

$3.9B

Stockholders' Equity

$383M

Cash & Equivalents

$200M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$56M	$47M	+19.0%
Gross Profit	$34M	$32M	+7.9%
Operating Income	$11M	$8M	+42.7%
Net Income	$9M	$6M	+42.3%

Revenue Segments

Deposit Account

$3M52%

Fiduciary and Trust

$2M48%