NASDAQ$AROW

Arrow Financial Corporation · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported $12.2 million in net income for Q3, with loan growth of $80 million.

Arrow Financial Corporation reported a net income of $12.2 million for the third quarter of 2022, with diluted earnings per share of $0.74. The company experienced strong loan and deposit growth, increasing by $80 million and $249 million, respectively. Total assets reached a record high of $4.2 billion.

  • Net income was $12.2 million.
  • Loan growth reached $80 million in the quarter.
  • Total assets reached a record high of $4.2 billion.
  • Diluted earnings per share (EPS) was $0.74 for the third quarter.

Headline financials

Total Revenue

$38.7M

Previous: $36.3M+6.6%
EPS (adj)

$0.72

Previous: $0.77-6.5%
Net Interest Margin

3.1%

Previous: 3.0%+3.3%
Return on Avg Assets

1.2%

Previous: 1.3%-9.8%
Return on Avg Equity

13.3%

Previous: 14.3%-7.0%
Capital Expenditures

-$10.9M

Previous: -$3.94M-176.8%
Free Cash Flow

$1.25M

Previous: $9.05M-86.2%
Net Income

$12.2M

Previous: $13M-6.4%
Operating Income

$28.5M

Previous: $28.1M+1.5%
Gross Profit

$38.7M

Previous: $36.2M+6.9%
Cash & Equivalents

$373M

Previous: $598M-37.6%
Total Assets

$4.2B

Previous: $4.07B+3.2%
Stock-Based Comp

$114K

Previous: $103K+10.7%

Revenue & EPS history

Arrow Financial · Revenue · Quarterly

$38.7M

Q3 2022+6.6%vs Q3 2021
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

No specific forward guidance was provided in the earnings report.

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 Q3 2022

Historical avgQ3 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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