Arrow Financial Corporation AROW R2K

Financial Services · Banks - Regional · United States

https://www.arrowfinancial.com

Arrow Financial Corporation, a bank holding company, provides various commercial and consumer banking, and financial products and services in the United States. 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 enhancement 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, as well as maintains an indirect lending program. In addition, it provides retirement planning, trust, and estate administration services for individuals, as well as pension, profit-sharing, and employee benefit plan administration services for corporations. Further, the company offers insurance agency services comprising group health care policies and life insurance, and property and casualty insurance products. The company was founded in 1851 and is headquartered in Glens Falls, New York.

Market & Price

Market Cap

$606.62M

Current Price

$36.70

High / Low (52W)

$37.43 / $23.98

Beta

0.77

Valuation

Stock P/E

11.88

Industry PE

12.01

Forward P/E

8.53

PEG Ratio

2.84

Book Value

$26.63

Price to Book

1.38

P/S

3.60

EV/EBITDA

Dividend Yield

3.27%

Profitability & Returns

ROCE

ROE

12.11%

ROA

1.14%

Profit Margin

30.37%

Op Margin

40.56%

EPS (Latest Qtr)

$0.82

EPS (TTM)

$3.09

Balance Sheet & Liquidity

Debt/Equity

Quick Ratio

Current Ratio

Debt

$37.45M

Total Assets

$4.45B

Current Assets

Working Capital

Ownership

Promoter Holding

9.45%

Chg in Prom Hold

0.02%

FII / Inst Holding

56.88%

Chg in FII Hold

-0.00%

Financial Snapshot

Enterprise Value

$355.12M

Total Revenue (TTM)

$168.36M

EBITDA

Free Cash Flow

Operating Cash Flow

$46.45M

Shares Outstanding

16.53M

Gross Margin

0.00%

Payout Ratio

37.54%

Growth (CAGR)

Revenue 5Y

3.53%

Profit 5Y

-3.43%

Revenue (YoY)

29.40%

Earnings (YoY)

116.70%

PROS

Excellent profit margin of 30.4%.
Attractive dividend yield of 3.27%.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Earnings shrank at -3.4% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	AROW Arrow Financial Corporation R2K	36.70	11.88	$606.62M	3.27%	-	12.11%	3.53%	-3.43%
2	JPM JPMorgan Chase & Co. SPX	299.31	14.33	$802.00B	2.00%	-	16.47%	12.50%	14.83%
3	V Visa Inc. SPX	326.36	28.48	$620.65B	0.82%	38.38%	60.35%	10.92%	10.28%
4	MA Mastercard Incorporated SPX	493.98	28.57	$436.47B	0.70%	61.47%	-	13.82%	14.66%
5	MS Morgan Stanley SPX	208.00	18.84	$328.08B	1.92%	-	16.39%	9.52%	15.20%
6	GS The Goldman Sachs Group, Inc. SPX	1,025.56	18.73	$302.55B	1.76%	-	14.55%	7.16%	15.11%
7	WFC Wells Fargo & Company SPX	77.54	11.98	$237.29B	2.32%	-	12.03%	4.02%	15.98%
8	BLK BlackRock, Inc. SPX	1,046.88	26.32	$162.51B	2.19%	4.89%	11.90%	10.65%	2.36%
9	SCHW The Charles Schwab Corporation SPX	87.35	17.37	$151.91B	1.47%	-	19.08%	4.83%	7.21%

Quarterly Results

Figures in USD.

Metric	Sep 2013	Mar 2014	Jun 2014	Sep 2014	Mar 2015	Jun 2015	Sep 2015	Mar 2016	Jun 2016	Sep 2016	Mar 2017	Jun 2017	Sep 2017	Mar 2018	Jun 2018	Sep 2018	Mar 2019	Jun 2019	Sep 2019	Mar 2020	Jun 2020	Sep 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39.20M	40.14M	42.85M	43.41M	44.76M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19.01M	19.04M	19.47M	19.47M	17.66M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8.13M	13.90M	16.60M	16.76M	17.34M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.82M	3.09M	3.77M	2.75M	3.86M
Net Income	5.62M	5.32M	5.52M	6.15M	5.86M	6.30M	5.93M	6.55M	6.65M	6.74M	6.63M	7.21M	7.42M	8.53M	9.73M	9.26M	8.73M	8.93M	10.07M	8.13M	9.16M	11.05M	13.28M	13.28M	12.99M	12.57M	11.97M	12.16M	8.56M	6.05M	7.74M	7.66M	8.60M	-	-	6.31M	10.80M	12.82M	14.01M	13.48M
Diluted EPS	0.45	0.42	0.44	0.48	0.45	0.49	0.45	0.49	0.49	0.48	0.47	0.52	0.52	0.59	0.67	0.62	0.58	0.60	0.65	0.53	0.59	0.69	0.83	0.83	0.78	0.76	0.72	0.72	0.50	0.35	0.46	0.45	0.52	-	-	0.38	0.65	0.77	0.85	0.82

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	149.24M	133.95M	139.81M	165.60M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	11.31M	57.73M	83.26M	76.98M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	62.91M	37.52M	37.36M	55.39M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	14.11M	7.45M	7.65M	11.44M
Net Income	21.79M	21.89M	21.93M	22.18M	21.80M	23.36M	24.66M	26.53M	29.33M	36.28M	37.48M	40.83M	-	48.80M	30.07M	29.71M	43.95M
Diluted EPS	1.88	1.84	1.79	1.77	1.70	1.76	1.80	1.86	1.98	2.36	2.36	2.49	-	2.86	1.77	1.77	2.65

Compounded Sales Growth

5 Years:	3.53%
1 Year:	29.40%

Compounded Profit Growth

5 Years:	-3.43%
1 Year:	116.70%

Stock Price Performance

1 Year:	+47.87%
6 Months:	+21.06%
3 Months:	+11.09%
1 Month:	+2.62%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	1.91B	1.96B	2.02B	2.16B	2.22B	2.45B	2.61B	2.76B	2.99B	3.18B	3.69B	-	3.97B	4.17B	4.31B	4.45B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash & Equivalents	58.34M	67.12M	31.08M	43.74M	48.83M	49.98M	46.30M	51.07M	57.35M	72.84M	84.24M	-	-	-	64.66M	142.54M	154.55M	214.18M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Liabilities	-	-	1.76B	1.80B	1.85B	1.97B	2.02B	2.23B	2.37B	2.51B	2.72B	2.88B	3.35B	-	3.62B	3.79B	3.91B	4.01B
Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	-	-	-	40.00M	30.00M	20.00M	10.00M	55.00M	55.00M	55.00M	45.00M	30.00M	45.00M	-	74.80M	46.50M	28.60M	24.27M
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	79.92M	51.57M	33.60M	29.19M
Total Equity	125.80M	140.82M	152.26M	166.38M	175.82M	192.15M	200.93M	213.97M	232.85M	249.60M	269.58M	301.73M	334.39M	-	353.54M	379.77M	400.90M	431.85M
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22.07M	22.07M	22.07M	22.07M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	19.33M	10.22M	36.09M	32.46M	36.67M	30.64M	28.93M	34.70M	37.83M	41.98M	43.94M	42.31M	-	59.71M	20.58M	34.47M	41.28M
Investing Cash Flow	-162.10M	-93.75M	-44.80M	-65.64M	-149.01M	-67.69M	-229.54M	-157.79M	-148.57M	-227.77M	-192.23M	-187.32M	-	-393.06M	-82.65M	-88.95M	-61.45M
Financing Cash Flow	151.55M	47.49M	21.37M	38.28M	113.49M	33.37M	205.39M	129.38M	126.22M	197.19M	134.27M	455.77M	-	-59.69M	139.95M	66.49M	79.81M
Capital Expenditure	-2.50M	-1.08M	-5.37M	-8.07M	-2.23M	-1.47M	-1.62M	-1.44M	-2.60M	-5.10M	-7.79M	-5.13M	-	-14.25M	-7.08M	-5.60M	-5.09M
Free Cash Flow	16.83M	9.14M	30.71M	24.39M	34.44M	29.17M	27.30M	33.25M	35.23M	36.87M	36.16M	37.18M	-	45.46M	13.50M	28.87M	36.19M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-393.04M	77.88M	12.01M	59.64M
Share Buybacks	-	-	-	4.88M	1.71M	2.46M	1.50M	2.14M	3.25M	2.10M	2.47M	1.58M	2.66M	2.87M	3.61M	6.79M	10.24M

Ratios (Annual)

Figures in %.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	32.7%	22.5%	21.3%	26.5%
ROE %	15.5%	14.4%	13.2%	12.6%	11.3%	11.6%	11.5%	11.4%	11.7%	13.5%	12.4%	12.2%	-	13.8%	7.9%	7.4%	10.2%
ROCE %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Shareholding Pattern

Insiders

9.45%

Institutions

56.88%

Public Float

62.82%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Arrow Financial Corp	11.37%	1.88M	$68.95M
2	Blackrock Inc.	7.57%	1.25M	$45.92M
3	Dimensional Fund Advisors LP	4.42%	730.47K	$26.81M
4	Vanguard Capital Management LLC	3.86%	637.53K	$23.40M
5	Geode Capital Management, LLC	2.24%	370.79K	$13.61M
6	American Century Companies Inc	2.08%	343.26K	$12.60M
7	State Street Corporation	2.05%	338.15K	$12.41M
8	Acadian Asset Management. LLC	1.53%	252.55K	$9.27M
9	Renaissance Technologies, LLC	1.39%	230.28K	$8.45M
10	Hotchkis & Wiley Capital Management, LLC	1.13%	186.24K	$6.83M

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AROW · Financial Services