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.

TypePublic
HQGlens Falls, US
Founded1983
Size (employees)524 (est)
Websitearrowfinancial.com
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 (Q2, 2018)

60.8m

Gross profit (Q2, 2018)

56.2m

Gross profit margin (Q2, 2018), %

92.4%

Net income (Q2, 2018)

18.3m

EBIT (Q2, 2018)

40.0m

Market capitalization (15-Oct-2018)

503.4m

Closing stock price (15-Oct-2018)

34.9

Cash (30-Jun-2018)

38.6m
Arrow Financial's current market capitalization is $503.4 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

92.2m95.2m98.9m104.7m

Revenue growth, %

3%4%6%

Cost of goods sold

7.9m5.8m4.8m5.4m7.0m

Gross profit

84.3m89.4m94.0m99.4m
Quarterly
USDQ2, 2014Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

24.9m25.0m25.5m26.4m26.4m26.7m28.0m29.3m60.8m

Cost of goods sold

1.2m1.3m1.3m1.3m1.4m1.5m1.7m2.0m4.6m

Gross profit

23.6m23.7m24.2m25.1m25.0m25.2m26.3m27.3m56.2m

Gross profit Margin, %

95%95%95%95%95%94%94%93%92%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

37.3m35.1m34.8m43.0m42.6m

Accounts Receivable

Inventories

1.8b2.0b

PP&E

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

Cash

47.5m40.1m35.4m46.8m37.9m31.4m43.9m30.7m46.1m66.6m50.2m39.1m29.5m38.6m

Inventories

1.2b1.3b1.3b1.4b1.4b1.5b1.5b1.6b1.7b1.7b1.8b1.9b2.0b2.1b

PP&E

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

Goodwill

22.0m22.0m22.0m22.0m22.0m22.0m22.0m21.9m21.9m21.9m21.9m21.9m21.9m21.9m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

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

Depreciation and Amortization

8.9m7.0m6.3m5.9m5.4m

Inventories

Accounts Payable

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

Net Income

16.0m5.3m10.8m17.0m5.9m12.2m18.1m6.5m13.2m19.9m6.6m13.8m8.5m18.3m

Depreciation and Amortization

6.9m2.0m3.9m5.6m1.6m3.3m4.8m1.6m3.1m4.6m1.5m3.0m1.2m2.4m

Cash From Operating Activities

26.2m7.5m14.0m21.5m8.5m13.7m20.0m10.5m15.0m25.2m9.9m18.6m12.3m21.0m

Cash From Investing Activities

(123.2m)(32.5m)10.3m(34.7m)(51.4m)(116.0m)(175.3m)(22.8m)(77.6m)(82.3m)(44.1m)(110.6m)(43.0m)(103.5m)
USDY, 2018

Financial Leverage

11 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 News and Updates

Arrow Financial Corporation Declares Stock Dividend for 10th Consecutive Year

GLENS FALLS, N.Y., Aug. 29, 2018 /PRNewswire/ -- Thomas J. Murphy, President and CEO, announced that a 3% stock dividend was declared on August 29, 2018, and will be distributed on September 27, 2018. This is the 10th consecutive year that Arrow has distributed a stock dividend. "We are...
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Arrow Financial Company Life and Culture

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