Arrow Financial Corporation

NasdaqGS:AROW Stock Report

Market Cap: US$629.3m

Arrow Financial Past Earnings Performance

Past criteria checks 4/6

Arrow Financial's earnings have been declining at an average annual rate of -8.3%, while the Banks industry saw earnings growing at 3.1% annually. Revenues have been growing at an average rate of 1.6% per year. Arrow Financial's return on equity is 11.6%, and it has net margins of 30.2%.

Key information

-8.29%

Earnings growth rate

-7.67%

EPS growth rate

Banks Industry Growth11.18%
Revenue growth rate1.57%
Return on equity11.62%
Net Margin30.24%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Seeking Alpha • Mar 25

No Need To Rush Into Arrow Financial

Summary Arrow Financial is rated Hold due to average operational metrics and lack of near-term catalysts despite recent earnings growth. AROW's Q4 2025 net income hit a record $14M, but net interest margin and delinquency trends remain only average or slightly below peers. The pending Adirondack Bancorp acquisition offers geographic expansion but limited immediate financial upside and will dilute tangible book value by 9.1%. Risks include high geographic concentration in New York, integration uncertainty, and macroeconomic headwinds such as inflation and slowing job growth. Read the full article on Seeking Alpha
Analysis Article • Feb 03

Arrow Financial (NASDAQ:AROW) Has Announced That It Will Be Increasing Its Dividend To $0.30

The board of Arrow Financial Corporation ( NASDAQ:AROW ) has announced that it will be paying its dividend of $0.30 on...
Analysis Article • Jul 27

Arrow Financial's (NASDAQ:AROW) Dividend Will Be Increased To $0.29

Arrow Financial Corporation ( NASDAQ:AROW ) will increase its dividend from last year's comparable payment on the 25th...
Seeking Alpha • Mar 09

Arrow Financial: Upgrading To Buy After The Market's Overreaction To Q4's Earnings Miss

Summary The outlook on the net interest margin remains rosy because of the upcoming re-pricing of certificates of deposits and loans. My loan growth outlook is worse than before, mostly because the consumer sentiment has worsened in recent months. Further, the mortgage rates are higher. I’ve reduced my EPS estimate to $2.01. The year-end target price suggests a price upside of 7.9%. AROW is also offering a dividend yield of 4.2%. Read the full article on Seeking Alpha
Seeking Alpha • May 17

Arrow Financial: Earnings Likely To Jump Thanks To Loan Growth And Margin Expansion

Summary The outlook for all three loan segments, residential real estate, consumer, and commercial, is positive thanks to the regional economy. Upcoming interest rate cuts will boost the margin, as deposits will re-price faster than loans. Additionally, rate cuts can pause deposit mix deterioration. The December 2024 target price suggests a moderately high price upside. Further, AROW is offering a good dividend yield. Read the full article on Seeking Alpha
Analysis Article • Oct 31

Arrow Financial (NASDAQ:AROW) Is Due To Pay A Dividend Of $0.27

The board of Arrow Financial Corporation ( NASDAQ:AROW ) has announced that it will pay a dividend on the 15th of...
Analysis Article • Aug 28

Arrow Financial's (NASDAQ:AROW) Dividend Will Be $0.27

The board of Arrow Financial Corporation ( NASDAQ:AROW ) has announced that it will pay a dividend of $0.27 per share...
Analysis Article • Aug 12

Arrow Financial's (NASDAQ:AROW) Dividend Will Be $0.27

The board of Arrow Financial Corporation ( NASDAQ:AROW ) has announced that it will pay a dividend on the 15th of...
Analysis Article • May 07

Arrow Financial (NASDAQ:AROW) Has Affirmed Its Dividend Of $0.27

The board of Arrow Financial Corporation ( NASDAQ:AROW ) has announced that it will pay a dividend of $0.27 per share...
Analysis Article • Feb 07

Arrow Financial (NASDAQ:AROW) Has Affirmed Its Dividend Of $0.27

Arrow Financial Corporation's ( NASDAQ:AROW ) investors are due to receive a payment of $0.27 per share on 15th of...

Revenue & Expenses Breakdown

How Arrow Financial makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:AROW Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2616851880
31 Dec 2515844870
30 Sep 2514734850
30 Jun 2514031840
31 Mar 2513528820
31 Dec 2413530800
30 Sep 2413633780
30 Jun 2413432760
31 Mar 2413129740
31 Dec 2313130730
30 Sep 2313434720
30 Jun 2313839730
31 Mar 2314245720
31 Dec 2214449710
30 Sep 2214247700
30 Jun 2214248680
31 Mar 2214249670
31 Dec 2114250670
30 Sep 2114352660
30 Jun 2113850640
31 Mar 2113046630
31 Dec 2012341620
30 Sep 2011838600
30 Jun 2011637600
31 Mar 2011537590
31 Dec 1911537580
30 Sep 1911336580
30 Jun 1911136570
31 Mar 1911136570
31 Dec 1811036560
30 Sep 1810836540
30 Jun 1810734520
31 Mar 1810431500
31 Dec 1710329540
30 Sep 1710128480
30 Jun 1710027470
31 Mar 179827460
31 Dec 169727450
30 Sep 169627440
30 Jun 169526440
31 Mar 169425440
31 Dec 159325430
30 Sep 159224420
30 Jun 159125410

Quality Earnings: AROW has high quality earnings.

Growing Profit Margin: AROW's current net profit margins (30.2%) are higher than last year (21%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: AROW's earnings have declined by 8.3% per year over the past 5 years.

Accelerating Growth: AROW's earnings growth over the past year (79.7%) exceeds its 5-year average (-8.3% per year).

Earnings vs Industry: AROW earnings growth over the past year (79.7%) exceeded the Banks industry 23%.

Return on Equity

High ROE: AROW's Return on Equity (11.6%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/11 10:06
End of Day Share Price 2026/06/11 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Arrow Financial Corporation is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Feddie StricklandHovde Group, LLC
Longdley ZephirinZephirin Group, Inc.