Arrow Financial Corporation operates as the bank holding company for Glens Falls National Bank and Trust Company, and Saratoga National Bank and Trust Company that provide commercial and consumer banking, and financial products and services. The Company offers various deposit and lending products. It also maintains an indirect lending program through sponsorship of automobile dealer programs, and sells residential real estate loan originations into the secondary market. In addition, the Company provides retirement planning, trust, and estate administration services for individuals, and pension, profit-sharing, and employee benefit plan administration for corporations. Further, it offers insurance agency services and investment advisory services, as well as holds a real estate investment trust.

Type
Public
HQ
Glens Falls, US
Founded
1983
Size (employees)
524 (est)
Arrow Financial was founded in 1983 and is headquartered in Glens Falls, US
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Arrow Financial Office Locations

Arrow Financial has an office in Glens Falls
Glens Falls, US (HQ)
250 Glen Street
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Arrow Financial Financials and Metrics

Arrow Financial Revenue

Arrow Financial's revenue was reported to be $104.75 m in FY, 2016 which is a 6% increase from the previous period.
USD

Revenue (Q1, 2018)

29.3 m

Gross profit (Q1, 2018)

27.3 m

Gross profit margin (Q1, 2018), %

93.1%

Net income (Q1, 2018)

8.5 m

EBIT (Q1, 2018)

19.7 m

Market capitalization (11-Jul-2018)

528.7 m

Closing share price (11-Jul-2018)

37.9

Cash (31-Mar-2018)

29.5 m
Arrow Financial's current market capitalization is $528.7 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

92.2 m95.2 m98.9 m104.7 m

Revenue growth, %

3%4%6%

Cost of goods sold

7.9 m5.8 m4.8 m5.4 m7 m

Gross profit

84.3 m89.4 m94 m99.4 m
Quarterly
USDQ2, 2014Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

24.9 m25 m25.5 m26.4 m26.4 m26.7 m28 m29.3 m

Cost of goods sold

1.2 m1.3 m1.3 m1.3 m1.4 m1.5 m1.7 m2 m

Gross profit

23.6 m23.7 m24.2 m25.1 m25 m25.2 m26.3 m27.3 m

Gross profit Margin, %

95%95%95%95%95%94%94%93%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

37.3 m35.1 m34.8 m43 m42.6 m

Accounts Receivable

Inventories

1.8 b2 b

PP&E

29.2 m28.5 m27.4 m26.9 m27.6 m
Quarterly
USDQ2, 2014Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

47.5 m40.1 m35.4 m46.8 m37.9 m31.4 m43.9 m30.7 m46.1 m66.6 m50.2 m39.1 m29.5 m

Inventories

1.2 b1.3 b1.3 b1.4 b1.4 b1.5 b1.5 b1.6 b1.7 b1.7 b1.8 b1.9 b2 b

PP&E

29.4 m28.7 m28.5 m28.2 m28.4 m28.6 m28.2 m27.1 m26.8 m26.7 m26.6 m26.6 m27.8 m

Goodwill

22 m22 m22 m22 m22 m22 m22 m21.9 m21.9 m21.9 m21.9 m21.9 m21.9 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

21.8 m23.4 m24.7 m26.5 m29.3 m

Depreciation and Amortization

8.9 m7 m6.3 m5.9 m5.4 m

Inventories

Accounts Payable

Quarterly
USDQ2, 2014Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

16 m5.3 m10.8 m17 m5.9 m12.2 m18.1 m6.5 m13.2 m19.9 m6.6 m13.8 m8.5 m

Depreciation and Amortization

6.9 m2 m3.9 m5.6 m1.6 m3.3 m4.8 m1.6 m3.1 m4.6 m1.5 m3 m1.2 m

Cash From Operating Activities

26.2 m7.5 m14 m21.5 m8.5 m13.7 m20 m10.5 m15 m25.2 m9.9 m18.6 m12.3 m

Cash From Investing Activities

(123.2 m)(32.5 m)10.3 m(34.7 m)(51.4 m)(116 m)(175.3 m)(22.8 m)(77.6 m)(82.3 m)(44.1 m)(110.6 m)(43.1 m)
USDY, 2018

Financial Leverage

11.2 x
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Arrow Financial Operating Metrics

Arrow Financial's Total Loans was reported to be $1.9b in Q2, 2017. Arrow Financial's Assets Under Management was reported to be $1.4b in Q2, 2017.
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Arrow Financial Company Life and Culture

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