Arrow Financial Corporation
Income Statement
| Line Item | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $133.9M | $149.2M | $142.7M | $131.9M | $116.6M | $113.0M | $105.3M | $99.4M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | — | — | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — | — | — |
| Interest Expense | $57.7M | $11.3M | $5.2M | $12.7M | $21.7M | $12.5M | $7.0M | $5.4M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $7.4M | $14.1M | $14.5M | $11.0M | $9.6M | $9.0M | $10.5M | $11.2M |
| Net Income | $30.1M | $48.8M | $49.9M | $40.8M | $37.5M | $36.3M | $29.3M | $26.5M |
| Net Margin | 22.5% | 32.7% | 34.9% | 31.0% | 32.1% | 32.1% | 27.9% | 26.7% |
| EPS (Basic) | $1.77 | $2.86 | $2.93 | $2.49 | $2.36 | $2.37 | $1.99 | $1.87 |
| EPS (Diluted) | $1.77 | $2.86 | $2.92 | $2.49 | $2.36 | $2.36 | $1.98 | $1.86 |
| Shares Outstanding (Basic) | 17.0M | 17.0M | 17.0M | 16.4M | 15.8M | 15.3M | 14.7M | 14.2M |
| Shares Outstanding (Diluted) | 17.0M | 17.1M | 17.1M | 16.4M | 15.9M | 15.4M | 14.8M | 14.3M |
| Dividends Per Share | $1.06 | $1.03 | $0.96 | $0.96 | $0.96 | $0.94 | $0.92 | $0.92 |