AROW Q4 2023 Earnings — Arrow Financial Corporation Revenue & Financial Results | Market Cap Arena

AROWArrow Financial Corporation

$546M

Q4 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$52M+20.3% YoY

Gross Profit

$33M62.9% margin

Operating Income

$9M18.1% margin

Net Income

$8M14.9% margin

EPS (Diluted)

$0.45

QoQ Revenue Growth

+3.3%

Cash Flow

Operating Cash Flow

-$16M

Free Cash Flow

-$17M

Stock-Based Comp.

$192,000

Balance Sheet

Total Assets

$4.2B

Total Liabilities

$3.8B

Stockholders' Equity

$380M

Cash & Equivalents

$143M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$52M	$43M	+20.3%
Gross Profit	$33M	$36M	-10.4%
Operating Income	$9M	$16M	-39.6%
Net Income	$8M	$12M	-36.1%

Revenue Segments

Deposit Account

$5M54%

Fiduciary and Trust

$5M46%