Arrow Financial

Arrow is a multi-bank holding company based in Glens Falls, New York, with over $2 billion in assets. Through its subsidiaries, Arrow Financial Corporation provides a broad range of banking and insurance services across northeastern New York, including online and mobile banking, wealth management, money market and deposit accounts, and mortgage, consumer and commercial loans. Arrow is committed to delivering value for its shareholders, its customers and its communities. Its conservative business model and strategy of steady growth have resulted in many recognitions from the nation’s leading publications and bank-rating firms.
Company Growth (employees)
Type
Public
HQ
Brooklyn, US
Size (employees)
524 (est)+3%
Arrow Financial is headquartered in Brooklyn, US

Arrow Financial Office Locations

Arrow Financial has an office in Brooklyn
Brooklyn, US (HQ)
6201 15th Ave

Arrow Financial Data and Metrics

Arrow Financial Financial Metrics

Arrow Financial's revenue was reported to be $26.7 m in Q1, 2017
USD

Revenue (Q1, 2017)

26.7 m

Gross profit (Q1, 2017)

25.2 m

Gross profit margin (Q1, 2017), %

94%

Net income (Q1, 2017)

6.6 m

EBIT (Q1, 2017)

18.1 m

Market capitalization (17-Aug-2017)

428.7 m

Cash (31-Mar-2017)

50.2 m
Arrow Financial's current market capitalization is $428.7 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

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 m

Gross profit

84.3 m89.4 m94 m99.4 m

Gross profit Margin, %

91%94%95%95%

Operating expense total

53.2 m54 m57.4 m59.6 m

EBIT

56 m59.2 m64.6 m69.5 m

EBIT margin, %

61%62%65%66%

Interest income

71.6 m

Pre tax profit

30.9 m33.5 m35.3 m37.7 m

Income tax expense

9.1 m10.2 m10.6 m11.2 m

Net Income

21.8 m23.4 m24.7 m26.5 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

24.9 m25 m25.5 m26.4 m26.4 m26.7 m

Cost of goods sold

1.2 m1.3 m1.3 m1.3 m1.4 m1.5 m

Gross profit

23.6 m23.7 m24.2 m25.1 m25 m25.2 m

Gross profit Margin, %

95%95%95%95%95%94%

Sales and marketing expense

8.2 m8.7 m8.1 m8.4 m8.7 m9 m

Operating expense total

8.2 m8.7 m8.1 m8.4 m8.7 m9 m

EBIT

16.1 m16 m17 m17.3 m17.4 m18.1 m

EBIT margin, %

65%64%67%65%66%68%

Pre tax profit

9.2 m8.3 m9.5 m9.6 m9.4 m9.3 m

Income tax expense

2.9 m2.4 m2.9 m2.9 m2.7 m2.7 m

Net Income

10.8 m17 m5.9 m12.2 m18.1 m6.5 m13.2 m19.9 m6.6 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

37.3 m35.1 m34.8 m43 m

Inventories

1.8 b

PP&E

29.2 m28.5 m27.4 m26.9 m

Goodwill

22 m22 m21.9 m21.9 m

Total Assets

2.2 b2.2 b2.4 b2.6 b

Accounts Payable

2.1 b

Total Liabilities

2.4 b

Common Stock

16.7 m17.1 m17.4 m

Additional Paid-in Capital

229.3 m239.7 m250.7 m270.9 m

Retained Earnings

27.5 m29.5 m32.1 m28.6 m

Total Equity

192.2 m200.9 m214 m232.9 m

Financial Leverage

11.3 x11 x11.4 x11.2 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

35.4 m46.8 m37.9 m31.4 m43.9 m30.7 m46.1 m66.6 m50.2 m

Inventories

1.3 b1.4 b1.4 b1.5 b1.5 b1.6 b1.7 b1.7 b1.8 b

PP&E

28.5 m28.2 m28.4 m28.6 m28.2 m27.1 m26.8 m26.7 m26.6 m

Goodwill

22 m22 m22 m22 m22 m21.9 m21.9 m21.9 m21.9 m

Total Assets

2.2 b2.2 b2.3 b2.3 b2.4 b2.5 b2.5 b2.6 b2.7 b

Accounts Payable

1.9 b1.9 b2 b2 b2.1 b2.1 b2.1 b2.2 b2.3 b

Common Stock

16.7 m17.1 m17.1 m17.1 m17.4 m17.4 m17.4 m17.9 m

Additional Paid-in Capital

230.1 m239.2 m240 m240.2 m249.9 m251.5 m252.5 m269.7 m271.5 m

Retained Earnings

32.1 m26.2 m32.2 m35.3 m28.8 m35.4 m38.9 m25.4 m31.9 m

Total Equity

197.6 m200.1 m205 m206.9 m211.1 m220.7 m225.4 m229.2 m236.1 m

Financial Leverage

10.9 x11 x11.4 x11.3 x11.5 x11.2 x11.3 x11.3 x11.3 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

21.8 m23.4 m24.7 m26.5 m

Depreciation and Amortization

8.9 m7 m6.3 m5.9 m

Cash From Operating Activities

36.7 m30.6 m28.9 m34.7 m

Cash From Investing Activities

(149 m)(67.7 m)(229.5 m)(157.8 m)

Dividends Paid

(12.1 m)(12.4 m)(12.7 m)(13.1 m)

Cash From Financing Activities

113.5 m33.4 m205.4 m129.4 m

Income Taxes Paid

8.3 m10.1 m9.4 m12 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

10.8 m17 m5.9 m12.2 m18.1 m6.5 m13.2 m19.9 m6.6 m

Depreciation and Amortization

3.9 m5.6 m1.6 m3.3 m4.8 m1.6 m3.1 m4.6 m1.5 m

Cash From Operating Activities

14 m21.5 m8.5 m13.7 m20 m10.5 m15 m25.2 m9.9 m

Cash From Investing Activities

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)

Dividends Paid

(6.2 m)(9.3 m)(3.2 m)(6.3 m)(9.5 m)(3.2 m)(6.5 m)(9.7 m)(3.4 m)

Cash From Financing Activities

(22.5 m)27.8 m108.2 m101.1 m178.7 m22 m74.6 m108.1 m41.6 m

Income Taxes Paid

4.5 m7 m635 k4.9 m8.3 m726 k6.2 m9.8 m294 k
USDY, 2017

Revenue/Employee

52.2 k

Financial Leverage

11.3 x

Arrow Financial Market Value History

Traffic Overview of Arrow Financial

Arrow Financial Company Life and Culture

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