NASDAQ$AROW

Arrow Financial Corporation · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Arrow Financial Corporation reported record annual net income and continued COVID-19 response.

Arrow Financial Corporation announced strong Q4 2020 results, with net income increasing by 28.3% compared to Q4 2019. Diluted EPS also saw a significant increase of 28.6%. The company's profitability ratios remained solid, with ROE at 14.98% and ROA at 1.34%.

  • Net income for Q4 2020 was $12.5 million, up 28.3% year-over-year.
  • Diluted EPS for Q4 2020 grew to $0.81, a 28.6% increase year-over-year.
  • Total loan balances reached $2.6 billion, an 8.8% increase from the prior year.
  • Total deposit balances reached $3.2 billion, up by 23.6% from the prior year.

Headline financials

Total Revenue

$35.6M

Previous: $30M+18.5%
EPS (adj)

$0.77

Previous: $0.61+26.2%
Net Interest Margin

3.0%

Previous: 3.1%-3.3%
Efficiency Ratio

50.8%

Previous: 56.3%-9.9%
Net Charge-Offs Ratio

0.1%

Previous: 0.1%+16.7%
Capital Expenditures

$1.49M

Previous: $1.09M+37.4%
Free Cash Flow

$13.3M

Previous: $10.1M+30.8%
Net Income

$12.5M

Previous: $9.74M+28.3%
Operating Income

$16.1M

Previous: $12.3M+31.5%
Cash & Equivalents

$381M

Previous: $47M+710.0%
Total Assets

$3.69B

Previous: $3.18B+15.8%
Stock-Based Comp

-$14K

Previous: $24K-158.3%

Revenue & EPS history

Arrow Financial · Revenue · Quarterly

$35.6M

Q4 2020+18.5%vs Q4 2019
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

Arrow Financial Corporation did not provide specific forward guidance 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 Q4 2020

Historical avgQ4 2020

+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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