See more : Oracle Corporation Japan (4716.T) Income Statement Analysis – Financial Results
Complete financial analysis of Arrow Financial Corporation (AROW) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Arrow Financial Corporation, a leading company in the Banks – Regional industry within the Financial Services sector.
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Arrow Financial Corporation (AROW)
About Arrow Financial Corporation
Arrow Financial Corporation, a bank holding company, provides commercial and consumer banking, and financial products and services. The company's deposit products include demand deposits, interest-bearing checking accounts, savings deposits, time deposits, and other time deposits. Its lending activities comprise commercial loans, such as term loans, time notes, and lines of credit; and commercial real estate loans to finance real estate purchases, refinancing, expansions, and improvements to commercial properties, as well as commercial construction and land development loans to finance projects. The company's lending activities also include consumer installment loans to finance personal expenditures, personal lines of credit, overdraft protection, and automobile loans; and residential real estate loans, fixed home equity loans, and home equity lines of credit for consumers to finance home improvements, debt consolidation, education, and other uses. In addition, it maintains an indirect lending program; and sells residential real estate loan originations into the secondary market. Further, the company provides retirement planning, trust, and estate administration services for individuals; and pension, profit-sharing, and employee benefit plan administration services for corporations. Additionally, it offers insurance agency services comprising group health care policies and life insurance, and property and casualty insurance products; and investment advisory services to its proprietary mutual funds, as well as holds a real estate investment trust. The company operates in the northeastern region of New York State in Warren, Washington, Saratoga, Essex, Clinton, Rensselaer, Albany, and Schenectady counties, as well as surrounding areas. It owns 26 branch banking offices; and leases 12 branch banking offices, as well as two residential loan origination offices. Arrow Financial Corporation was founded in 1851 and is headquartered in Glens Falls, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 130.57M | 149.24M | 142.72M | 131.86M | 116.60M | 112.97M | 105.30M | 99.39M | 94.05M | 89.41M | 84.28M | 84.52M | 84.04M | 80.37M | 80.33M | 73.50M | 62.58M | 61.65M | 62.96M | 62.43M | 61.47M | 61.35M | 55.70M | 48.45M | 47.30M | 43.50M | 39.20M | 56.70M | 50.40M | 42.90M | 41.40M | 38.00M | 39.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 130.57M | 149.24M | 142.72M | 131.86M | 116.60M | 112.97M | 105.30M | 99.39M | 94.05M | 89.41M | 84.28M | 84.52M | 84.04M | 80.37M | 80.33M | 73.50M | 62.58M | 61.65M | 62.96M | 62.43M | 61.47M | 61.35M | 55.70M | 48.45M | 47.30M | 43.50M | 39.20M | 56.70M | 50.40M | 42.90M | 41.40M | 38.00M | 39.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 49.72M | 48.18M | 45.84M | 43.12M | 38.56M | 39.67M | 38.06M | 35.41M | 34.25M | 32.06M | 32.26M | 32.73M | 31.50M | 27.55M | 27.04M | 24.55M | 21.42M | 22.10M | 20.69M | 19.82M | 18.97M | 18.86M | 17.23M | 15.59M | 15.20M | 13.80M | 12.70M | 15.00M | 16.70M | 16.20M | 16.10M | 14.60M | 15.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 1.17M | 1.19M | 1.08M | 1.14M | 1.24M | 1.08M | 1.04M | 1.08M | 965.00K | 886.00K | 879.00K | 831.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 50.89M | 48.18M | 45.84M | 43.12M | 38.56M | 39.67M | 38.06M | 35.41M | 34.25M | 32.06M | 32.26M | 32.73M | 31.50M | 27.55M | 27.04M | 24.55M | 21.42M | 22.10M | 20.69M | 19.82M | 18.97M | 18.86M | 17.23M | 15.59M | 15.20M | 13.80M | 12.70M | 15.00M | 16.70M | 16.20M | 16.10M | 14.60M | 15.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 0.00 | -130.75M | -124.16M | -123.12M | -108.09M | -104.22M | -142.43M | -133.68M | -126.95M | -120.23M | -115.52M | -116.08M | -114.79M | -107.60M | 375.00K | -97.51M | -83.29M | -82.67M | -82.80M | -81.16M | -79.27M | -79.05M | -71.97M | -62.98M | -61.20M | -11.70M | -11.80M | -18.70M | -22.80M | -28.50M | -27.80M | -19.20M | -49.70M | 7.00M | 5.60M | 4.80M | 4.20M | 3.70M | 2.80M |
| Operating Expenses | 73.00M | -82.57M | -78.32M | -80.00M | -69.53M | -55.18M | -104.37M | -98.28M | -92.70M | -88.17M | -83.25M | -83.35M | -83.29M | -80.05M | 27.42M | -72.96M | -61.87M | -60.57M | -62.11M | -61.34M | -60.30M | -60.19M | -54.74M | -47.39M | -46.00M | 2.10M | 900.00K | -3.70M | -6.10M | -12.30M | -11.70M | -4.60M | -34.50M | 7.00M | 5.60M | 4.80M | 4.20M | 3.70M | 2.80M |
| Cost & Expenses | 73.00M | -82.57M | -78.32M | -80.00M | -69.53M | -55.18M | -104.37M | -98.28M | -92.70M | -88.17M | -83.25M | -83.35M | -83.29M | -80.05M | 27.42M | -72.96M | -61.87M | -60.57M | -62.11M | -61.34M | -60.30M | -60.19M | -54.74M | -47.39M | -46.00M | 2.10M | 900.00K | -3.70M | -6.10M | -12.30M | -11.70M | -4.60M | -34.50M | 7.00M | 5.60M | 4.80M | 4.20M | 3.70M | 2.80M |
| Interest Income | 162.56M | 129.65M | 115.55M | 111.90M | 109.76M | 96.50M | 84.66M | 76.92M | 70.74M | 66.86M | 64.14M | 69.38M | 76.79M | 84.97M | 86.86M | 89.51M | 86.58M | 80.61M | 72.13M | 68.44M | 70.73M | 75.15M | 78.36M | 75.62M | 67.20M | 63.00M | 54.90M | 54.90M | 60.80M | 52.50M | 51.90M | 57.80M | 73.90M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 57.73M | 11.31M | 5.20M | 12.69M | 21.71M | 12.49M | 7.01M | 5.36M | 4.81M | 5.77M | 7.92M | 11.96M | 18.68M | 23.70M | 26.49M | 32.28M | 40.28M | 34.74M | 24.11M | 19.21M | 21.61M | 25.11M | 33.17M | 37.37M | 29.30M | 28.10M | 23.90M | 21.90M | 24.90M | 18.20M | 19.60M | 28.40M | 43.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 6.72M | 7.55M | 7.83M | 3.31M | 2.46M | 2.15M | 2.20M | 2.23M | 6.29M | 7.04M | 8.87M | 8.86M | 6.51M | 271.00K | 324.00K | 2.57M | 2.87M | 3.03M | 2.81M | 3.15M | 4.91M | 3.15M | 2.76M | 2.50M | 2.00M | 1.40M | 1.40M | 1.20M | 1.60M | 2.20M | 3.60M | 3.50M | 2.90M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 0.00 | 70.46M | 72.23M | 58.73M | 52.58M | 50.06M | 45.25M | 43.69M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7.00M | 5.60M | 4.80M | 4.20M | 3.70M | 2.80M |
| EBITDA Ratio | 0.00% | 49.73% | 50.61% | 44.54% | 45.09% | 55.36% | 49.63% | 49.35% | 49.31% | 51.83% | 56.56% | 62.30% | 67.63% | 73.29% | 75.79% | 87.46% | 107.52% | 100.22% | 85.23% | 81.36% | 87.92% | 91.14% | 105.56% | 122.31% | 105.50% | 108.05% | 105.87% | 95.59% | 91.07% | 76.46% | 80.43% | 97.11% | 20.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | 2.44M | 66.67M | 64.40M | 51.86M | 47.08M | 57.79M | 927.00K | 1.11M | 1.35M | 1.24M | 1.02M | 1.17M | 746.00K | 316.00K | 1.17M | 541.00K | 717.00K | 1.08M | 854.00K | 1.09M | 1.17M | 1.16M | 963.00K | 1.06M | 1.30M | 45.60M | 40.10M | 53.00M | 44.30M | 30.60M | 29.70M | 33.40M | 5.30M | 7.00M | 5.60M | 4.80M | 4.20M | 3.70M | 2.80M |
| Operating Income Ratio | 1.87% | 44.67% | 45.12% | 39.33% | 40.37% | 51.16% | 0.88% | 1.12% | 1.44% | 1.38% | 1.22% | 1.38% | 0.89% | 0.39% | 1.46% | 0.74% | 1.15% | 1.75% | 1.36% | 1.75% | 1.90% | 1.89% | 1.73% | 2.18% | 2.75% | 104.83% | 102.30% | 93.47% | 87.90% | 71.33% | 71.74% | 87.89% | 13.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 35.08M | -11.02M | -11.48M | -8.89M | -9.35M | -8.87M | -8.61M | -14.49M | -14.13M | -13.21M | -12.86M | -732.00K | 0.00 | 0.00 | 2.59M | -440.00K | 23.42M | 22.94M | 0.00 | 0.00 | 26.35M | 26.51M | 21.91M | 18.34M | 17.23M | -28.10M | -23.90M | -21.90M | -24.90M | -18.20M | -21.10M | -29.20M | -43.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 37.52M | 62.91M | 64.40M | 51.86M | 47.08M | 45.31M | 39.86M | 37.75M | 35.27M | 33.53M | 30.87M | 31.84M | 31.65M | 31.65M | 31.58M | 29.44M | 24.14M | 24.02M | 26.74M | 28.44M | 27.52M | 27.67M | 22.87M | 19.39M | 18.60M | 17.50M | 16.20M | 31.10M | 19.40M | 12.40M | 8.60M | 4.20M | -38.30M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 28.74% | 42.16% | 45.12% | 39.33% | 40.37% | 40.10% | 37.85% | 37.98% | 37.50% | 37.51% | 36.63% | 37.67% | 37.66% | 39.38% | 39.31% | 40.05% | 38.57% | 38.96% | 42.47% | 45.55% | 44.78% | 45.10% | 41.06% | 40.03% | 39.32% | 40.23% | 41.33% | 54.85% | 38.49% | 28.90% | 20.77% | 11.05% | -96.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 7.45M | 14.11M | 14.55M | 11.04M | 9.60M | 9.03M | 10.53M | 11.22M | 10.61M | 10.17M | 9.08M | 9.66M | 9.71M | 9.75M | 9.79M | 9.00M | 6.81M | 7.12M | 8.10M | 8.96M | 8.61M | 8.77M | 7.06M | 5.71M | 5.70M | 5.70M | 5.20M | 10.80M | 7.00M | 1.10M | 400.00K | 1.30M | -4.90M | -7.00M | -5.60M | -4.80M | -4.20M | -3.70M | -2.80M |
| Net Income | 30.08M | 48.80M | 49.86M | 40.83M | 37.48M | 36.28M | 29.33M | 26.53M | 24.66M | 23.36M | 21.80M | 22.18M | 21.93M | 21.89M | 21.79M | 20.44M | 17.33M | 16.89M | 18.64M | 19.48M | 18.92M | 18.89M | 15.82M | 13.68M | 12.90M | 11.80M | 11.00M | 20.30M | 12.40M | 11.30M | 9.70M | 3.70M | -33.40M | 7.00M | 5.60M | 4.80M | 4.20M | 3.70M | 2.80M |
| Net Income Ratio | 23.03% | 32.70% | 34.93% | 30.96% | 32.14% | 32.11% | 27.85% | 26.70% | 26.22% | 26.13% | 25.86% | 26.24% | 26.10% | 27.24% | 27.13% | 27.81% | 27.69% | 27.40% | 29.60% | 31.20% | 30.78% | 30.80% | 28.39% | 28.24% | 27.27% | 27.13% | 28.06% | 35.80% | 24.60% | 26.34% | 23.43% | 9.74% | -83.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 1.77 | 2.87 | 2.93 | 2.42 | 2.23 | 2.24 | 1.82 | 1.66 | 1.56 | 1.48 | 1.39 | 1.42 | 1.40 | 1.42 | 1.42 | 1.33 | 1.11 | 1.03 | 1.13 | 1.11 | 1.17 | 1.16 | 0.92 | 0.79 | 0.75 | 0.53 | 0.61 | 1.05 | 0.61 | 0.55 | 0.49 | 0.19 | -1.78 | 0.37 | 0.56 | 0.51 | 0.42 | 0.38 | 0.31 |
| EPS Diluted | 1.77 | 2.86 | 2.92 | 2.41 | 2.22 | 2.22 | 1.81 | 1.65 | 1.55 | 1.47 | 1.38 | 1.41 | 1.40 | 1.41 | 1.41 | 1.32 | 1.10 | 1.02 | 1.11 | 1.08 | 1.15 | 1.13 | 0.90 | 0.79 | 0.74 | 0.52 | 0.60 | 1.04 | 0.61 | 0.55 | 0.49 | 0.19 | -1.78 | 0.37 | 0.56 | 0.51 | 0.42 | 0.38 | 0.31 |
| Weighted Avg Shares Out | 17.04M | 17.01M | 16.99M | 16.90M | 16.82M | 16.22M | 16.11M | 15.99M | 15.86M | 15.81M | 15.73M | 15.67M | 15.62M | 15.45M | 15.40M | 15.37M | 15.59M | 16.36M | 16.56M | 17.59M | 16.13M | 16.32M | 17.22M | 17.24M | 17.24M | 22.22M | 18.14M | 19.38M | 20.45M | 20.52M | 19.75M | 19.38M | 18.75M | 18.73M | 9.98M | 9.42M | 9.89M | 9.78M | 9.10M |
| Weighted Avg Shares Out (Dil) | 17.04M | 17.06M | 17.05M | 16.91M | 16.86M | 16.31M | 16.21M | 16.09M | 15.92M | 15.85M | 15.77M | 15.68M | 15.64M | 15.49M | 15.47M | 15.45M | 15.69M | 16.58M | 16.84M | 18.00M | 16.50M | 16.69M | 17.52M | 17.39M | 17.47M | 22.56M | 18.38M | 19.45M | 20.47M | 20.52M | 19.75M | 19.38M | 18.75M | 18.73M | 9.98M | 9.42M | 9.89M | 9.78M | 9.10M |
Arrow's Banks Join Allpoint ATM Network, Expanding Access to More Than 50,000 ATMs Worldwide
GLENS FALLS, N.Y. , Nov. 26, 2024 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) is proud to announce that its banking subsidiaries, Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company, are now part...
6 Upcoming Dividend Increases, Including A New King
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Arrow Named to Piper Sandler Sm-All Stars: Class of 2024
GLENS FALLS, N.Y. , Oct. 10, 2024 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) is pleased to announce it was recently named to the prestigious Piper Sandler Sm-All Stars: Class of 2024, a list of 30 top-performing small-cap banks and...
Arrow Declares October 2024 Cash Dividend
GLENS FALLS, N.Y. , Oct. 3, 2024 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS® - AROW) on October 2, 2024, declared a quarterly cash dividend of $0.28 per share payable October 29, 2024 to shareholders of...
Insider Sale: Director Raymond O'Conor Sells Shares of Arrow Financial Corp (AROW)
Director Raymond O'Conor sold 2,000 shares of Arrow Financial Corp (AROW, Financial) on October 1, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 41,176 shares of the company.
Arrow Reports 2nd Quarter Net Income of $8.6 Million, or $0.52 per Share, Declares Dividend of $0.27 per Share
GLENS FALLS, N.Y., July 25, 2024 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) ("Arrow" or "the Company") announced financial results for the three-month period ended June 30, 2024.
Arrow to Unify Bank Subsidiaries into One Entity Renamed Arrow Bank
GLENS FALLS, N.Y. , July 23, 2024 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® - AROW) has finalized plans to unify its banking subsidiaries, Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company, into one entity...
Tenée R. Casaccio Named Chair of the Arrow Board of Directors
GLENS FALLS, N.Y., June 6, 2024 /PRNewswire/ -- The Board of Directors (the "Board") of Arrow Financial Corporation (the "Company" or "Arrow") (NasdaqGS® - AROW) is pleased to announce that it has unanimously voted to appoint Tenée R. Casaccio as...
Protect Your Wealth: 5 Dividend Aristocrats To Avoid
Dividend aristocrats are highly stable and well-run blue-chip companies that raise their dividends every year for 25-plus consecutive years. However, no stock is a risk-free bond alternative. Even aristocrats can cut their dividends and experience significant losses. Over the last...
New Strong Sell Stocks for February 14th
AROW, ACLS and BP have been added to the Zacks Rank #5 (Strong Sell) List on February 14, 2023.
Source: https://incomestatements.info
Category: Stock Reports