AROW Q3 2022 Earnings — Arrow Financial Corporation Revenue & Financial Results | Market Cap Arena

AROWArrow Financial Corporation

$530M

Q3 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$42M+12.1% YoY

Gross Profit

$37M88.1% margin

Operating Income

$16M37.0% margin

Net Income

$12M28.9% margin

EPS (Diluted)

$0.73

QoQ Revenue Growth

+9.6%

Cash Flow

Operating Cash Flow

$18M

Free Cash Flow

$13M

Stock-Based Comp.

$206,000

Balance Sheet

Total Assets

$4.2B

Total Liabilities

$3.9B

Stockholders' Equity

$346M

Cash & Equivalents

$373M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$42M	$38M	+12.1%
Gross Profit	$37M	$36M	+2.2%
Operating Income	$16M	$17M	-7.4%
Net Income	$12M	$13M	-6.4%

Revenue Segments

Deposit Account

$3M57%

Fiduciary and Trust

$2M43%