Arrow Financial FY2022 net income $48.8M, EPS $2.95; Q4 EPS up 17.7% to $0.73

ARROW FINANCIAL CORP

2022-FY EPS reported $2.95

Net income $48.8M (diluted EPS $2.95) for FY2022, down 2.1% from $49.9M ($3.01) in FY2021.
Q4 net income $12.1M ($0.73/share), up 17.2% YoY from $10.3M ($0.62).
Record loan growth of $315M (11.8% YoY); total loans $2.98B at Dec 31, 2022.
Net interest margin improved to 3.03% (FY2022) from 2.97% (FY2021); provision for credit losses $4.8M vs $272K.
Deposits declined $52.1M to $3.50B; nonperforming assets 0.32% of period-end assets.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ARROW FINANCIAL CORP reported the fourth quarter of 2022 results: net income $12.1 million, EPS $0.73.

Period: the fourth quarter of 2022
Net income: $12.1 million
EPS: $0.73
Result: reported results

Exact text from the filing

For the fourth quarter of 2022, net income was $12.1 million, an increase of $1.8 million, or 17.2%, from the fourth quarter of 2021. Diluted EPS was $0.73 for the fourth quarter of 2022, an increase of 17.7% from $0.62 from the comparable 2021 quarter

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ARROW FINANCIAL CORP reported fiscal year 2022 results: revenue $149.2 million, net income $48.8 million, EPS $2.95.

Period: fiscal year 2022
Revenue: $149.2 million
Net income: $48.8 million
EPS: $2.95
Result: reported results

Exact text from the filing

$0.62 from the comparable 2021 quarter. 2022 Annual Highlights Earnings: • Diluted earnings per Share (EPS) was $2.95. • Net income was $48.8 million. • Revenue for 2022 was $149.2 million. • Return on average assets (ROA) was 1.21%. • Return on average equity (ROE) was 13.55%. • Net interest margin was 3.03%. Balance Sheet: • Total assets were $3.97 billion as of

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

ARROW FINANCIAL CORP filing history →

Source: SEC EDGAR

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