NASDAQ$AROW

Arrow Financial Corporation · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Arrow Financial reported Q2 2022 results with a net income of $12.0 million and loan growth of $108 million.

Arrow Financial Corporation reported a strong second quarter with a record high in total loan balances. Net income for Q2 2022 was $12.0 million, with diluted earnings per share of $0.75. Loan growth was significant, increasing by $108 million, and $125 million excluding PPP loans. The company's total assets reached $4.0 billion, and total loans were $2.8 billion.

  • Net income for the second quarter of 2022 was $12.0 million, with diluted earnings per share at $0.75.
  • Total loans reached a record high of $2.8 billion as of June 30, 2022, with a $108 million increase in the second quarter.
  • Total assets amounted to $4.0 billion as of June 30, 2022.
  • Net interest margin stood at 3.02%.

Headline financials

Total Revenue

$36.8M

Previous: $36.8M-0.2%
EPS (adj)

$0.71

Previous: $0.81-12.3%
Net Interest Margin

3.0%

Previous: 3.1%-1.9%
Return on Avg Assets

1.2%

Previous: 1.4%-13.0%
Return on Avg Equity

13.4%

Previous: 15.2%-11.6%
Capital Expenditures

-$6.08M

Previous: -$2.4M-152.9%
Free Cash Flow

$5.9M

Previous: $10.9M-45.8%
Net Income

$12M

Previous: $13.3M-9.8%
Operating Income

$30.1M

Previous: $30.1M-0.1%
Gross Profit

$36.8M

Previous: $36.6M+0.6%
Cash & Equivalents

$217M

Previous: $478M-54.6%
Total Assets

$3.99B

Previous: $3.9B+2.4%
Stock-Based Comp

$114K

Previous: $103K+10.7%

Revenue & EPS history

Arrow Financial · Revenue · Quarterly

$36.8M

Q2 2022-0.2%vs Q2 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

While economic challenges are expected this year, Arrow Financial expresses confidence in their direction as a Company and their ability to deliver strong results for their shareholders, customers 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 Q2 2022

Historical avgQ2 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%

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