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Jun 30, 2022
Arrow Financial Q2 2022 Earnings Report
Arrow Financial reported Q2 2022 results with a net income of $12.0 million and loan growth of $108 million.
Key Takeaways
Arrow Financial Corporation reported a strong second quarter with a record high in total loan balances. Net income for Q2 2022 was $12.0 million, with diluted earnings per share of $0.75. Loan growth was significant, increasing by $108 million, and $125 million excluding PPP loans. The company's total assets reached $4.0 billion, and total loans were $2.8 billion.
Net income for the second quarter of 2022 was $12.0 million, with diluted earnings per share at $0.75.
Total loans reached a record high of $2.8 billion as of June 30, 2022, with a $108 million increase in the second quarter.
Total assets amounted to $4.0 billion as of June 30, 2022.
Net interest margin stood at 3.02%.
Forward Guidance
While economic challenges are expected this year, Arrow Financial expresses confidence in their direction as a Company and their ability to deliver strong results for their shareholders, customers and communities.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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