NASDAQ$AROW
Arrow Financial Corporation · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported $8.6 million in net income and grew deposits by $48.0 million.
Arrow Financial Corporation reported a net income of $8.6 million for Q1 2023. Total loans reached a record high of $3.0 billion, and deposits increased by $48.0 million from the previous quarter. The company maintained a strong liquidity position and continued to invest in technology and team development.
- Total assets were $4.1 billion.
- Total deposits were $3.5 billion.
- Total loans reached a record high of $3.0 billion as of March 31, 2023, an increase of $22.1 million from December 31, 2022.
- Nonperforming assets decreased to $11.3 million at March 31, 2023, represented 0.27% of period-end assets.
Headline financials
Revenue & EPS history
Arrow Financial · Revenue · Quarterly
$34.8M
Forward guidance
Arrow remains dedicated to developing its team and recently celebrated graduates from Arrow Leadership Academy and Upskill University, internal courses designed to support our culture of collaboration and continuous improvement. Our banks are working toward realizing operational efficiencies and customer-facing enhancements made possible by the completion of our core conversion in September 2022. Our team has returned to our completely renovated downtown Glens Falls, New York headquarters and we look forward to welcoming our customers back to our newly renovated campus. The renovated Glens Falls campus now offers an energy-efficient, flexible and collaborative environment for our team and customers.
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 2023
+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
| Quarter | Report date | Reaction (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