NASDAQ$AROW

Arrow Financial Corporation · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported $12.6 million in Q1 net income, with loan growth of $69.3 million.

Arrow Financial Corporation reported a strong start to 2022 with net income of $12.6 million and diluted earnings per share of $0.78 for the first quarter. The company experienced notable organic loan growth, with gross loans increasing by $69 million, and total revenue increased by 3.5% compared to the prior-year quarter. Total assets reached a record high of $4.2 billion.

  • Net income for Q1 2022 was $12.6 million, with diluted earnings per share at $0.78.
  • Gross loans increased by $69 million, reflecting strong loan growth.
  • Total revenue grew by 3.5% compared to Q1 2021, reaching nearly $36.0 million.
  • Total assets reached a record high of $4.2 billion as of March 31, 2022.

Headline financials

Total Revenue

$36M

Previous: $34.8M+3.5%
EPS (adj)

$0.74

Previous: $0.81-8.6%
Net Interest Margin

2.9%

Previous: 3.0%-3.0%
Return on Avg Assets

1.3%

Previous: 1.4%-13.1%
Return on Avg Equity

13.8%

Previous: 15.8%-12.9%
CET1 Capital Ratio

13.5%

No prior period
Total Risk-Based Capital Ratio

15.3%

No prior period
Capital Expenditures

-$3.12M

Previous: -$1.31M-138.2%
Free Cash Flow

$9.45M

Previous: $12M-21.0%
Net Income

$12.6M

Previous: $13.3M-5.3%
Operating Income

$30.8M

Previous: $29.5M+4.2%
Gross Profit

$35.2M

Previous: $34.1M+3.2%
Cash & Equivalents

$488M

Previous: $452M+7.8%
Total Assets

$4.16B

Previous: $3.9B+6.5%
Stock-Based Comp

$110K

Previous: $104K+5.8%

Revenue & EPS history

Arrow Financial · Revenue · Quarterly

$36M

Q1 2022+3.5%vs Q1 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

Arrow expects another challenging year and is confident in their ability to meet these challenges and deliver strong results for their customers, shareholders, and communities.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.8%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+2.6%

Avg return

30 days after

56%

37 / 66 earnings

Positive

+11.8%

Q3 2023

Best reaction

-5.7%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.9%+2.8%+1.7%
Q4 2025+1.9%+9.3%+2.7%
Q3 2025+3.0%+14.3%+14.0%
Q2 2025-1.4%-3.5%+0.2%
Q1 2025-0.2%+0.4%-1.0%
Q4 2024-2.1%-2.6%-2.2%
Q3 2024-1.8%+0.2%+12.4%
Q2 2024+3.7%+2.5%-1.5%
Q1 2024+2.1%+3.8%+10.4%
Q4 2023-4.0%-5.3%-4.9%
Q3 2023+11.8%+16.9%+36.1%
Q2 2023-5.0%-5.3%-14.2%
Q1 2023-5.7%-4.8%-19.6%
Q4 2022+0.2%-1.4%-8.5%
Q3 2022+10.9%+11.6%+14.6%
Q2 2022+0.9%+1.8%-0.2%
Q1 2022-0.5%+0.1%+4.9%
Q4 2021-2.4%-1.7%-2.3%
Q3 2021-1.9%-0.3%+2.5%
Q2 2021+0.2%+0.1%-1.1%
Q1 2021+4.0%+3.3%+6.6%
Q4 2020-0.5%+0.4%+7.8%
Q3 2020+6.0%+4.0%+10.5%
Q2 2020+2.1%+2.0%+1.1%
Q1 2020+9.1%+16.8%+5.4%
Q4 2019-1.8%-2.4%-9.9%
Q3 2019+1.2%+1.6%+6.6%
Q2 2019-2.0%+0.1%-2.6%
Q1 2019-0.6%+1.8%-0.3%
Q4 2018-0.6%+2.2%+11.1%
Q3 2018+0.1%-0.8%-0.7%
Q2 2018+1.4%+2.6%+3.4%
Q1 2018+4.2%+3.0%+8.3%
Q4 2017-2.4%-1.2%-3.4%
Q3 2017-0.7%+5.3%+1.1%
Q2 2017+2.5%+4.0%+1.6%
Q1 2017-0.4%+4.6%-4.2%
Q4 2016-0.5%+1.9%-1.9%
Q3 2016-1.8%-0.4%+19.2%
Q2 2016-0.3%+2.1%+1.4%
Q1 2016+3.3%
Q4 2015+0.8%
Q3 2015-2.1%
Q2 2015+3.1%
Q1 2015-0.8%
Q4 2014+2.0%
Q3 2014+0.8%
Q2 2014+0.5%
Q1 2014-0.1%
Q4 2013+2.7%
Q3 2013+0.9%
Q2 2013+0.4%
Q1 2013-0.3%
Q4 2012-0.3%
Q3 2012-0.8%
Q2 2012+0.1%
Q1 2011+0.4%
Q1 2012+0.4%
Q4 2009-2.6%
Q4 2011-2.6%
Q3 2010+3.2%
Q3 2011+3.2%
Q4 2010+2.5%
Q2 2010+2.5%
Q2 2011+2.5%
Q1 2010+4.7%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro