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Mar 31, 2021
Arrow Financial Q1 2021 Earnings Report
Reported $13.3 million in net income and diluted EPS of $0.85 for the first quarter.
Key Takeaways
Arrow Financial Corporation reported a strong first quarter with a net income of $13.3 million and diluted EPS of $0.85. Key profitability ratios were strong, with ROA of 1.45% and ROE of 15.81%. Deposit growth was significant, and the company continued to support small businesses with PPP loans.
Net income for Q1 2021 was $13.3 million, compared to $8.1 million in Q1 2020.
Key profitability ratios were strong, with ROA at 1.45% and ROE at 15.81%.
Deposits reached $3.5 billion, up $218.9 million from the previous quarter.
Over $70 million in additional Small Business Administration Paycheck Protection Program loans were funded in Q1 2021.
Forward Guidance
Arrow Financial's business and team are well-positioned to meet the changing needs of customers and communities.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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