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Dec 31, 2021
Arrow Financial Q4 2021 Earnings Report
Reported a decrease in net income and EPS compared to Q4 2020, while total loan balances and deposit balances decreased from the previous quarter.
Key Takeaways
Arrow Financial Corporation reported a net income of $10.3 million for Q4 2021, a decrease of 17.5% compared to Q4 2020. Diluted EPS decreased to $0.63, down 19.2% from $0.78 in the comparable 2020 quarter. Total loan balances reached $2.7 billion, up 2.8% from the prior year, while deposit balances decreased by $55.1 million in the fourth quarter.
Net income for Q4 2021 was $10.3 million, a decrease of 17.5% year over year.
Diluted EPS for Q4 2021 was $0.63, down 19.2% year over year.
Total loan balances reached $2.7 billion, up 2.8% from the prior-year level.
Total deposit balances reached $3.6 billion, a decrease of $55.1 million in the fourth quarter.
Forward Guidance
The company did not provide forward guidance in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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