NASDAQ$AROW

Arrow Financial Corporation · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Arrow Financial Corporation reported an increase in net income and diluted EPS compared to the same quarter last year.

Arrow Financial Corporation reported net income of $9.7 million, an increase of 11.2% compared to the fourth quarter of 2018. Diluted EPS was $0.65, up 10.2% from $0.59 in the comparable 2018 quarter. The company's profitability ratios remained solid, with a return on average equity of 13.05% and a return on average assets of 1.24%.

  • Net income for Q4 2019 was $9.7 million, up 11.2% year-over-year.
  • Diluted EPS for Q4 2019 grew to $0.65, a 10.2% increase year-over-year.
  • Total loan balances reached a record high of $2.4 billion.
  • Total deposit balances reached $2.6 billion, up by $270.5 million from the prior year.

Headline financials

Total Revenue

$30M

Previous: $28.5M+5.4%
EPS (adj)

$0.61

Previous: $0.58+5.2%
Net Interest Margin

3.1%

No prior period
Efficiency Ratio

56.3%

No prior period
Tier 1 Leverage Ratio

10.0%

No prior period
CET1 Capital Ratio

12.9%

No prior period
Tier 1 Risk-Based Capital Ratio

13.8%

No prior period
Total Risk-Based Capital Ratio

14.8%

No prior period
Net Charge-Offs Ratio

0.1%

No prior period
Capital Expenditures

$1.09M

Previous: $2.73M-60.2%
Free Cash Flow

$10.1M

Previous: $5.65M+79.4%
Net Income

$9.74M

Previous: $8.76M+11.2%
Operating Income

$12.3M

No prior period
Cash & Equivalents

$47M

Previous: $84.2M-44.2%
Total Assets

$3.18B

Previous: $2.99B+6.6%
Stock-Based Comp

$24K

Previous: $55K-56.4%

Revenue & EPS history

Arrow Financial · Revenue · Quarterly

$30M

Q4 2019+5.4%vs Q4 2018
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

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 Q4 2019

Historical avgQ4 2019

+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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