Arrow Financial Corp (AROW) Financial Statements
Industry: National Commercial Banks
In fiscal 2025, Arrow Financial reported revenue of $32.4M, up 15.5% from $28.1M the year before. Net income was $44.0M (a 135.5% net margin), or $2.65 per diluted share. Operating activities generated $41.3M of cash, leaving $36.2M of free cash flow. At fiscal year end, Arrow Financial held $4.45B in total assets against $4.01B in total liabilities.
Open the full interactive Arrow Financial financials → Quarterly statements, key ratios, valuation history and price charts.
Arrow Financial Key Stats
| Share Price | $36.58 |
|---|---|
| Market Cap | $602.4M |
| P/E Ratio | 13.8 |
| Revenue YoY Growth | +15.5% |
| 52-Week Range | $25.18 – $42.17 |
| Shares Outstanding | 16.4 million (basic, 2026 Q2) |
Arrow Financial Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $32.7M | $32.4M | $30.9M | $29.1M | $28.1M | $32.4M |
| Pre-Tax Income | $51.9M | $64.4M | $62.9M | $37.5M | $37.4M | $55.4M |
| Income Tax | $11.0M | $14.5M | $14.1M | $7.4M | $7.6M | $11.4M |
| Net Income | $40.8M | $49.9M | $48.8M | $30.1M | $29.7M | $44.0M |
| Diluted EPS | $2.56 | $3.01 | $2.95 | $1.77 | $1.77 | $2.65 |
Arrow Financial Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $8.7M | $8.3M | $8.6M | $8.3M |
| Net Income | $12.8M | $14.0M | $13.5M | $11.0M |
| Diluted EPS | $0.77 | $0.85 | $0.82 | $0.66 |
Arrow Financial Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Total Assets | $3.69B | $4.03B | $3.97B | $4.17B | $4.31B | $4.45B |
| Total Long-Term Debt | $45.0M | $45.0M | $27.8M | $6.5M | $8.6M | $4.3M |
| Total Liabilities | $3.35B | $3.66B | $3.62B | $3.79B | $3.91B | $4.01B |
| Shareholders' Equity | $334.4M | $371.2M | $353.5M | $379.8M | $400.9M | $431.9M |
Arrow Financial Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $42.3M | $68.2M | $59.7M | $20.6M | $34.5M | $41.3M |
| Cash From Investing | -$187.3M | -$274.6M | -$393.1M | -$82.7M | -$89.0M | -$61.5M |
| Cash From Financing | $455.8M | $283.1M | -$59.7M | $139.9M | $66.5M | $79.8M |
| Free Cash Flow | $37.2M | $61.1M | $45.5M | $13.5M | $28.9M | $36.2M |
Figures from Arrow Financial's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Arrow Financial financials page for every line item.
Arrow Financial Company Profile
| Ticker | AROW |
|---|---|
| Exchange | Nasdaq |
| Industry | National Commercial Banks |
| Headquarters | Glens Falls, New York |
| Incorporated in | New York |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0000717538 |
Frequently Asked Questions
What was Arrow Financial's revenue in fiscal 2025?
Arrow Financial (AROW) reported revenue of $32.4M for fiscal 2025.
What is Arrow Financial's annual revenue history?
Arrow Financial's annual revenue by fiscal year: 2020: $32.7M; 2021: $32.4M; 2022: $30.9M; 2023: $29.1M; 2024: $28.1M; 2025: $32.4M.
What was Arrow Financial's net income in fiscal 2025?
Arrow Financial reported net income of $44.0M for fiscal 2025.
What was Arrow Financial's earnings per share (EPS) in fiscal 2025?
Arrow Financial's diluted EPS was $2.65 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Arrow Financial generate in fiscal 2025?
Arrow Financial generated $36.2M of free cash flow in fiscal 2025.
What was Arrow Financial's revenue last quarter?
In its most recent reported quarter (2026 Q2), Arrow Financial reported revenue of $8.3M.
How much debt does Arrow Financial have?
Arrow Financial reported $4.3M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Arrow Financial are outstanding?
Arrow Financial reported a weighted average of 16.4 million basic shares outstanding in 2026 Q2.
What is Arrow Financial's market cap?
Based on its latest closing price, Arrow Financial (AROW) has a market capitalization of about $602.4M.
When does Arrow Financial's fiscal year end?
Arrow Financial's fiscal year end, as registered with the SEC, is December 31.
Where is Arrow Financial headquartered?
Arrow Financial lists its business address in Glens Falls, New York in its SEC filings.