# Arrow Financial Corporation (AROW)

**Exchange:** NASDAQ  
**Sector:** Financial Services  
**Market cap:** $628M  
**Price:** $38.07 (+1.01%)

> Arrow Financial Corporation is a bank holding company headquartered in Glens Falls, New York, that provides comprehensive banking and financial services through its subsidiaries, Glens Falls National and Saratoga National. The company offers a full spectrum of deposit products, including demand deposits, interest-bearing checking accounts, savings deposits, and time deposits. Its lending operations encompass commercial loans such as term loans and lines of credit, commercial real estate financing, residential mortgage lending, and consumer installment and home equity financing. Arrow Financial serves small and mid-sized businesses as well as individual consumers and commercial property owners. Beyond traditional banking, the company provides insurance products and investment services, along with digital banking solutions through online and mobile platforms. As a regional bank holding company, Arrow Financial generates its primary revenue through interest income and fees earned across its diverse financial product offerings, serving as a key financial services provider in its market.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $166M | — | — | $44M | $2.65 |
| 2024 | $140M | — | — | $30M | $1.77 |
| 2023 | $134M | — | — | $30M | $1.77 |
| 2022 | $149M | — | — | $49M | $2.86 |
| 2021 | $143M | — | — | $50M | $2.92 |
| 2020 | $132M | — | — | $41M | $2.42 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $4.45B | $4.01B | $432M | $214M | $29M |
| 2024 | $4.31B | $3.91B | $401M | $155M | $34M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $35M | -$2M | $36M |
| 2024 | $26M | -$2M | $29M |
| 2023 | $19M | -$4M | $13M |
| 2022 | $55M | -$13M | $45M |
| 2021 | $70M | -$6M | $61M |
| 2020 | $37M | -$3M | $37M |

Source: [CompaniesByCap](https://companiesbycap.com/company/AROW)