NASDAQ$AROW
Arrow Financial Corporation · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported net income of $8.6 million, or $0.52 per share and declared dividend of $0.27 per share.
Arrow Financial Corporation reported a solid performance for the second quarter of 2024, with net income increasing to $8.6 million, or $0.52 per share, compared to $6.0 million, or $0.35 per share, for the same period in 2023. The company's gross loans grew by $57.6 million, and the net interest margin improved to 2.67%. They also declared a quarterly cash dividend of $0.27 per share.
- Net income for the second quarter of 2024 was $8.6 million, or $0.52 per share.
- Gross loans grew by $57.6 million, or 7.1% on an annualized basis.
- Net interest margin improved to 2.67%.
- A quarterly cash dividend of $0.27 per share was declared.
Headline financials
Revenue & EPS history
Arrow Financial · Revenue · Quarterly
$35M
Forward guidance
Arrow Financial Corporation is focusing on strategic initiatives to enhance growth and shareholder value. These include the expansion of the insurance business, the acquisition of a branch in Whitehall, New York, and the unification of subsidiary banks.
Tailwinds
- Strategic acquisition of the assets of A&B Agency, Inc.
- Pending branch acquisition in Whitehall, New York.
- Regulatory approval to combine banking subsidiaries into Arrow Bank National Association.
- Operational efficiencies from bank unification.
- Unified branding and enhanced strategic growth objectives.
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 2024
+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% | — | — |
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