AROW Q3 2023 Earnings — Arrow Financial Corporation Revenue & Financial Results | Market Cap Arena

AROWArrow Financial Corporation

$546M

Q3 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$50M+19.3% YoY

Gross Profit

$33M65.9% margin

Operating Income

$10M19.1% margin

Net Income

$8M15.4% margin

EPS (Diluted)

$0.46

QoQ Revenue Growth

+6.9%

Cash Flow

Operating Cash Flow

$11M

Free Cash Flow

$10M

Stock-Based Comp.

$270,000

Balance Sheet

Total Assets

$4.3B

Total Liabilities

$3.9B

Stockholders' Equity

$360M

Cash & Equivalents

$295M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$50M	$42M	+19.3%
Gross Profit	$33M	$37M	-10.7%
Operating Income	$10M	$16M	-38.5%
Net Income	$8M	$12M	-36.3%

Revenue Segments

Deposit Account

$3M54%

Fiduciary and Trust

$2M46%