See more : Maire Tecnimont S.p.A. (3OY1.F) 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 | 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 |
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of Arrow Financial Corporation (AROW) Investors
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Arrow Financial Corporation (“Arrow” or the “Company”)...
Calling All Arrow Financial Corporation (AROW) Investors: Contact Bronstein, Gewirtz & Grossman, LLC Today!
NEW YORK--(BUSINESS WIRE)---- $AROW #classaction--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Arrow Financial Corporation (“Arrow” or the “Company”) (NASDAQ: AROW) and certain of its officers....
INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Arrow Financial Corporation (AROW) Investors
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Arrow Financial Corporation (“Arrow” or the “Company”) (NASDAQ: AROW) securities between March 12, 2022 and May 12,...
ARROW ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Arrow Financial Corporation and Encourages Investors to Contact the Firm
NEW YORK--(BUSINESS WIRE)-- #AROW--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Arrow Financial Corporation (“Arrow” or the “Company”) (NASDAQ: AROW) in the United States District Court...
INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Arrow Financial Corporation (AROW) on Behalf of Investors
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Arrow Financial Corporation (“Arrow” or the “Company”) (NASDAQ: AROW) investors concerning the Company's possible violations of federal securities laws. On March 16, 2023, Arrow disclosed that...
SHAREHOLDER ACTION REMINDER: The Schall Law Firm Encourages Investors in Arrow Financial Corporation with Losses of $100,000 to Contact the Firm
LOS ANGELES--(BUSINESS WIRE)---- $AROW #AROW--The Schall Law Firm Encourages Investors in Arrow Financial Corporation with Losses of $100,000 to Contact the Firm.
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Arrow Financial Corporation (AROW) on Behalf of Investors
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Arrow Financial Corporation (“Arrow” or the “Company”) (NASDAQ: AROW) investors concerning the Company's possible...
Shareholder Alert: Robbins LLP Informs Investors of Class Action Against Arrow Financial Corp. (AROW)
SAN DIEGO--(BUSINESS WIRE)---- $AROW #ArrowFinancialCorp--Arrow Financial Corp. (AROW) had Defective Disclosure Controls and Procedures and Internal Controls over Financial Reporting.
The Law Offices of Frank R. Cruz Announces Investigation of Arrow Financial Corporation (AROW) on Behalf of Investors
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Arrow Financial Corporation (“Arrow” or the “Company”) (NASDAQ: AROW) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder...
EQUITY ALERT: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Arrow Financial Corporation Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – AROW
NEW YORK--(BUSINESS WIRE)--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, 2022 and May 12, 2023,...
Source: https://incomestatements.info
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