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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 | 133.95M | 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 | 3.38M | 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 | 97.48% | 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 | 83.06M | -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 | 133.95M | -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 | 133.95M | -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 | 1.82% | 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 | 28.01% | 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 | 22.45% | 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 |
ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Arrow Financial Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – AROW
NEW YORK, July 8, 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 “Class...
ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Arrow Financial Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - AROW
NEW YORK , July 8, 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 "Class...
Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Arrow Financial Corporation (AROW)
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming August 22, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Arrow Financial Corporation...
Arrow Financial Corp. (AROW) Class Action Alert: Robbins LLP Reminds Investors of Lead Plaintiff Deadline in Arrow Financial Corp. Class Action
SAN DIEGO--(BUSINESS WIRE)---- $AROW #ArrowFinancialCorp--Arrow Financial Corp. (AROW) had Defective Disclosure Controls and Procedures and Internal Controls over Financial Reporting.
Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Arrow Financial Corporation (AROW)
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming August 22, 2023 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Arrow Financial Corporation (“Arrow” or the “Company”)...
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 3, 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...
Arrow Financial Corporation Class Action Alert: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Northern District of New York against Arrow Financial Corporation
LEAD PLAINTIFF DEADLINE IS AUGUST 22, 2023 NEW YORK, July 3, 2023 /PRNewswire/ — Wolf Haldenstein Adler Freeman & Herz LLP (“Wolf Haldenstein”) announces that a federal securities class action lawsuit has been filed against Arrow Financial Corporation (“Arrow” or...
Arrow Financial Corporation Class Action Alert: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Northern District of New York against Arrow Financial Corporation
LE AD PLAINTIFF DEADLINE IS AUGUST 22, 2023 NEW YORK , July 3, 2023 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP ("Wolf Haldenstein") announces that a federal securities class action lawsuit has been filed against Arrow Financial Corporation...
ROSEN, SKILLED INVESTOR COUNSEL, Encourages Arrow Financial Corporation Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – AROW
NEW YORK, July 1, 2023 /PRNewswire/ — WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Arrow Financial Corporation (NASDAQ: AROW) between March 12,...
ROSEN, SKILLED INVESTOR COUNSEL, Encourages Arrow Financial Corporation Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action - AROW
NEW YORK , July 1, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Arrow Financial Corporation (NASDAQ: AROW) between March 12,...
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