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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 |
SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Arrow Financial Corporation with Losses of $100,000 to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / July 18, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Arrow Financial Corporation ("Arrow" or "the Company") (NASDAQ:AROW) for violations of §§10(b)...
SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Arrow Financial Corporation of Class Action Lawsuit and Upcoming Deadline - AROW
NEW YORK , July 17, 2023 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Arrow Financial Corporation ("Arrow" or the "Company") (NASDAQ: AROW), and certain officers. The class action, filed in the United States...
SHAREHOLDER ACTION NOTICE: The Schall Law Firm Encourages Investors in Arrow Financial Corporation with Losses of $100,000 to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / July 17, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Arrow Financial Corporation ("Arrow" or "the Company") (NASDAQ:AROW) for violations of §§10(b)...
ROSEN, SKILLED INVESTOR COUNSEL, Encourages Arrow Financial Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - AROW
NEW YORK , July 15, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Arrow Financial Corporation (NASDAQ: AROW) between March 12, 2022 and May 12, 2023, both dates inclusive (the...
AROW Investors Have Opportunity to Lead Arrow Financial Corporation Securities Fraud Lawsuit
BENSALEM, Pa. , July 14, 2023 /PRNewswire/ -- Law Offices of Howard G.
SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Arrow Financial Corporation with Losses of $100,000 to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / July 14, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Arrow Financial Corporation ("Arrow" or "the Company") (NASDAQ:AROW) for violations of 10(b)...
SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Arrow Financial Corporation with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / July 13, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Arrow Financial Corporation ("Arrow" or "the Company") (NASDAQ:AROW) for violations of §§10(b)...
SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Arrow Financial Corporation with Losses of $100,000 to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / July 12, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Arrow Financial Corporation ("Arrow" or "the Company") (NASDAQ:AROW) for violations of §§10(b)...
SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Arrow Financial Corporation of Class Action Lawsuit and Upcoming Deadline - AROW
NEW YORK , July 11, 2023 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Arrow Financial Corporation ("Arrow" or the "Company") (NASDAQ: AROW), and certain officers. The class action, filed in the United States...
INVESTOR ACTION NOTICE: The Schall Law Firm Encourages Investors in Arrow Financial Corporation with Losses of $100,000 to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / July 11, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Arrow Financial Corporation ("Arrow" or "the Company") (NASDAQ:AROW) for violations of §§10(b)...
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