Arrow Financial Corporation
NASDAQ•AROW
CEO: Mr. David S. DeMarco
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1980-09-18
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 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. In addition, it maintains an indirect lending program. Further, the company provides retirement planning, trust, and estate administration services for individuals, as well as 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. It operates in the northeastern region of New York State in Warren, Washington, Saratoga, Essex, Clinton, Rensselaer, Albany, and Schenectady counties. Arrow Financial Corporation was founded in 1851 and is headquartered in Glens Falls, New York.
Contact Information
Market Cap
$537.17M
P/E (TTM)
15.6
15.1
Dividend Yield
3.5%
52W High
$33.56
52W Low
$22.72
52W Range
Rank38Top 36.9%
4.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q3 2025 Data
Revenue
$62.31M+8.23%
4-Quarter Trend
EPS
$0.78+44.44%
4-Quarter Trend
FCF
$14.28M+77.42%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Strong Net Income Growth Net Income reached $12.8M for Q3 2025, marking a significant 42.9% increase compared to $9.0M reported in Q3 2024.
NIM Expansion Driven by Yields Net Interest Margin (NIM) improved 44 basis points to 3.22% YoY, driven by higher earning asset yields and moderating interest-bearing liability costs.
Improved Asset Quality Metrics Nonperforming Loans (NPL) ratio decreased sharply to 0.18% of period-end loans, down from 0.62% at year-end 2024, reflecting strong credit performance.
Robust Capital Position Maintained Common Equity Tier 1 Ratio stood at 13.16% for Arrow Bank, significantly exceeding the 7.000% regulatory minimum requirement for well-capitalized status.
Risk Factors
Potential Inflationary Headwinds Inflationary risk remains a concern, potentially impacting business operations and customer ability to maintain or grow earnings in the regional markets.
Interest Rate Sensitivity Exposure Sensitivity analysis shows potential near-term NIM compression under rising rate scenarios, though long-term balance sheet profile remains relatively neutral.
Competitive Industry Pressures Highly competitive industry environment and ongoing technological advances pose risks to sustained growth and profitability across core banking segments.
Credit Quality Deterioration Risk Management notes qualitative factors could necessitate future adjustments to the allowance for credit losses if economic conditions worsen unexpectedly.
Outlook
Continued NIM Focus Management expects continued yield expansion on earning assets combined with active management of deposit costs to support NIM stability going forward.
Loan Portfolio Growth Expected Loan growth of $47.5M YTD is expected to continue, driven primarily by residential real estate and commercial loan relationship expansion.
Deposit Funding Stability Deposit balances grew 7.1% YTD, supported by seasonal municipal surges and brokered CDs used to manage overall funding costs effectively.
Regulatory Adaptation The company is evaluating the impact of recently issued accounting standards, such as ASU 2024-03, on future financial reporting disclosures.
Peer Comparison
Revenue (TTM)
$344.01M
$282.34M
$280.61M
Gross Margin (Latest Quarter)
ACNB81.1%
72.2%
72.0%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| AROW | $537.17M | 15.6 | 8.4% | 0.6% |
| ACNB | $513.01M | 15.7 | 8.8% | 10.5% |
| RRBI | $506.88M | 12.2 | 12.1% | 0.1% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
4.2%
Moderate Growth
4Q Net Income CAGR
42.1%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Jan 29, 2026
EPS:$0.80
|Revenue:$43.30M
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 6, 2025|Revenue: $62.31M+8.2%|EPS: $0.78+44.4%BeatForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 8, 2025|Revenue: $59.18M+6.0%|EPS: $0.65+25.0%BeatForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 9, 2025|Revenue: $58.21M+6.7%|EPS: $0.38-15.6%MissForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Mar 14, 2025|Revenue: $223.07M+16.4%|EPS: $1.78+0.6%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 7, 2024|Revenue: $57.58M+14.8%|EPS: $0.54+17.4%MeetForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 8, 2024|Revenue: $55.83M+19.0%|EPS: $0.52+48.6%MissForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 10, 2024|Revenue: $54.54M+27.5%|EPS: $0.45-10.0%MissForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Mar 11, 2024|Revenue: $191.68M+19.4%|EPS: $1.77-38.3%Beat