OverviewSuggest Edit

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
Founded1983
HQGlens Falls, US
Websitearrowfinancial.com

Latest Updates

Employees (est.) (Dec 2018)516(-3%)
Job Openings15
Revenue (FY, 2018)$125.5 M(+12%)
Share Price (Jun 2019)$32.9

Arrow Financial Office Locations

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

Arrow Financial Revenue

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Arrow Financial's revenue was reported to be $125.45 m in FY, 2018
USD

Revenue (Q2, 2019)

34.1m

Gross profit (Q2, 2019)

28.6m

Gross profit margin (Q2, 2019), %

83.8%

Net income (Q2, 2019)

8.9m

EBIT (Q2, 2019)

21.3m

Market capitalization (10-Jun-2019)

475.8m

Closing stock price (10-Jun-2019)

32.9

Cash (30-Jun-2019)

34.7m
Arrow Financial's current market capitalization is $475.8 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

92.2m95.2m98.9m104.7m112.3m125.5m

Revenue growth, %

3%4%6%

Cost of goods sold

7.9m5.8m4.8m5.4m7.0m12.5m

Gross profit

84.3m89.4m94.0m99.4m105.3m113.0m
Quarterly
USDQ2, 2014Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

24.9m25.0m25.5m26.4m26.4m26.7m28.0m28.7m29.3m31.5m31.8m33.1m34.1m

Cost of goods sold

1.2m1.3m1.3m1.3m1.4m1.5m1.7m1.9m2.0m2.6m3.5m5.1m5.5m

Gross profit

23.6m23.7m24.2m25.1m25.0m25.2m26.3m26.8m27.3m28.9m28.3m28.0m28.6m

Gross profit Margin, %

95%95%95%95%95%94%94%93%93%92%89%85%84%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

37.3m35.1m34.8m43.0m42.6m56.5m

Accounts Receivable

Inventories

1.3b1.6b1.8b2.0b2.2b

PP&E

29.2m28.5m27.4m26.9m27.6m30.4m
Quarterly
USDQ2, 2014Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

47.5m40.1m35.4m46.8m37.9m31.4m43.9m30.7m46.1m66.6m50.2m39.1m55.7m29.5m38.6m57.4m36.2m34.7m

Inventories

1.2b1.3b1.3b1.4b1.4b1.5b1.5b1.6b1.7b1.7b1.8b1.9b1.9b2.0b2.1b2.1b2.2b2.3b

PP&E

29.4m28.7m28.5m28.2m28.4m28.6m28.2m27.1m26.8m26.7m26.6m26.6m26.4m27.8m28.1m28.6m34.9m38.8m

Goodwill

22.0m22.0m22.0m22.0m22.0m22.0m22.0m21.9m21.9m21.9m21.9m21.9m21.9m21.9m21.9m21.9m21.9m21.9m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

21.8m23.4m24.7m26.5m29.3m36.3m

Depreciation and Amortization

8.9m7.0m6.3m5.9m5.4m4.8m

Inventories

Accounts Payable

Quarterly
USDQ2, 2014Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

16.0m5.3m10.8m17.0m5.9m12.2m18.1m6.5m13.2m19.9m6.6m13.8m21.3m8.5m18.3m27.5m8.7m17.7m

Depreciation and Amortization

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

Cash From Operating Activities

26.2m7.5m14.0m21.5m8.5m13.7m20.0m10.5m15.0m25.2m9.9m18.6m26.4m12.3m21.0m33.6m10.7m21.1m

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)(118.7m)(43.0m)(103.5m)(181.6m)(8.5m)(24.2m)
USDY, 2019

Financial Leverage

10.6 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 Online and Social Media Presence

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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...

Arrow Financial Frequently Asked Questions

  • When was Arrow Financial founded?

    Arrow Financial was founded in 1983.

  • How many employees does Arrow Financial have?

    Arrow Financial has 516 employees.

  • What is Arrow Financial revenue?

    Latest Arrow Financial annual revenue is $125.5 m.

  • What is Arrow Financial revenue per employee?

    Latest Arrow Financial revenue per employee is $243.1 k.

  • Who are Arrow Financial competitors?

    Competitors of Arrow Financial include Capital City Bank, BancFirst and Chemung Financial.

  • Where is Arrow Financial headquarters?

    Arrow Financial headquarters is located at 250 Glen St, Glens Falls.

  • Where are Arrow Financial offices?

    Arrow Financial has an office in Glens Falls.

  • How many offices does Arrow Financial have?

    Arrow Financial has 1 office.