Arrow Financial (AROW) Earnings Report, Financial Results, Financial analysis

Arrow Financial Corporation reported in the third quarter of 2023 net earnings per share of $0.46 a decrease by -37.84 % year on year from $0.74 and an improvement of 27.78 % from $0.36 realized in II. Quarter (Jun 30 2023).

*third quarter of 2023*
Earnings Per Share	Revenues
$ 0.46	$ 33 Mill
$-0.28 -37.84 %	$-4M -10.71 %

Arrow Financial's Revenue fell by -10.71 % in third quarter of 2023 (Sep 30 2023) year on year, to $33 million and advanced by 4.16 % sequentially.

Arrow Financial is Expected to report next financial results on July 16, 2024.

More on AROW's Income Statement

AROW's NET INCOME

Arrow Financial's net income of $17.313 million in the third quarter of 2023 decreased by -37.56 % from net earnings of $27.728 million achieved in III. Quarter a year ago.

Sequentially net earnings grew by 26.43 % from net income of $13.694 million realized in previous quarter.

More on AROW's Growth

Arrow Financial Inventories
AROW's Cash flow In thethird quarter of 2023 company's net cash flow was $121 million, capital expenditures grew by -70.83%, to $-1 millions compare to same quarter a year ago and rose by -41.95% from II. Quarter (Jun 30 2023).

More on AROW's Cash flow Statement

Earnings quality

Arrow Financial Corporation payed out dividend of $1.07 per share in last 52 weeks representing 53.23 % of net earning per share in trailing twelve-month period.

During the same period Arrow Financial Corporation earned $ 2.84 cash per share, on a free-cash flow basis 141.24 % of net earning per share.

Book value fell by -3.30 % sequentially to $21.12 per share.
Tangible Book value fell to $ 19.76 per share from $ 20.44.

Company issued 0.50 million shares or 3.00 % in Sep 30 2023.
Interest Coverage Ratio was 2.97. Debt Coverage Ratio was 3.71.

• More on AROW's Dividends

Market Capitalization (Millions)	451
Shares Outstanding (Millions)	17
Total Debt (Millions $)	20
Revenue (TTM) (Millions $)	134
Net Income (TTM) (Millions $)	78
Cash Flow (TTM) (Millions $)	-79
Capital Exp. (TTM) (Millions $)	-10
Dividend TTM ($)	1.07 $
Dividend Yield TTM (%)	3.97 %
Employees (TTM) $	511

Earnings quality

Arrow Financial Corporation payed out dividend of $1.07 per share in the last 52 weeks representing 53.23 % of net earning per share in trailing twelve-month period.

During the same period Arrow Financial Corporation had $ 2.84 cash flow per share, on a free-cash flow basis 141.24 % of net earning per share.

Book value fell by -3.30 % sequentially to $21.12 per share.
Tangible Book value fell to $ 19.76 per share from $ 20.44.

Company issued 0.50 million shares or 3.00 % in Sep 30 2023.
Interest Coverage Ratio was 2.97. Debt Coverage Ratio was 3.71.

• More on AROW's Balance Sheets

Market Capitalization (Millions)	451
Shares Outstanding (Millions)	17
Total Debt (Millions $)	20
Revenue (TTM) (Millions $)	134
Net Income (TTM) (Millions $)	78
Cash Flow (TTM) (Millions $)	-79
Capital Exp. (TTM) (Millions $)	-10
Dividend TTM ($)	1.07 $
Dividend Yield TTM (%)	3.97 %
Employees (TTM) $	511

Arrow Financial Corporation

AROW's Financial Statements and Analysis