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Mar 31, 2022
Arrow Financial Q1 2022 Earnings Report
Reported $12.6 million in Q1 net income, with loan growth of $69.3 million.
Key Takeaways
Arrow Financial Corporation reported a strong start to 2022 with net income of $12.6 million and diluted earnings per share of $0.78 for the first quarter. The company experienced notable organic loan growth, with gross loans increasing by $69 million, and total revenue increased by 3.5% compared to the prior-year quarter. Total assets reached a record high of $4.2 billion.
Net income for Q1 2022 was $12.6 million, with diluted earnings per share at $0.78.
Gross loans increased by $69 million, reflecting strong loan growth.
Total revenue grew by 3.5% compared to Q1 2021, reaching nearly $36.0 million.
Total assets reached a record high of $4.2 billion as of March 31, 2022.
Forward Guidance
Arrow expects another challenging year and is confident in their ability to meet these challenges and deliver strong results for their customers, shareholders, and communities.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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