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Dec 31, 2020
Arrow Financial Q4 2020 Earnings Report
Arrow Financial Corporation reported record annual net income and continued COVID-19 response.
Key Takeaways
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.
Forward Guidance
Arrow Financial Corporation did not provide specific forward guidance in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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