Arrow Financial market cap is $475.8 m, and annual revenue was $125.45 m in FY 2018

Arrow Financial Gross profit (Q2, 2019)28.6 M

Arrow Financial Gross profit margin (Q2, 2019), %83.8%

Arrow Financial Net income (Q2, 2019)8.9 M

Arrow Financial EBIT (Q2, 2019)21.3 M

Arrow Financial Cash, 30-Jun-201934.7 M

Arrow Financial revenue was $125.45 m in FY, 2018

USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|---|

## Revenue | 92.2m | 95.2m | 98.9m | 104.7m | 112.3m | 125.5m |

| 3% | 4% | 6% | |||

## Cost of goods sold | 7.9m | 5.8m | 4.8m | 5.4m | 7.0m | 12.5m |

## Gross profit | 84.3m | 89.4m | 94.0m | 99.4m | 105.3m | 113.0m |

| 91% | 94% | 95% | 95% | 94% | 90% |

## Operating expense total | 53.2m | 57.4m | 59.6m | 62.7m | 65.1m | |

## EBIT | 56.0m | 59.2m | 64.6m | 69.5m | 74.9m | 81.4m |

| 61% | 62% | 65% | 66% | 67% | 65% |

## Pre tax profit | 30.9m | 33.5m | 35.3m | 37.7m | 39.9m | 45.3m |

## Income tax expense | 9.1m | 10.2m | 10.6m | 11.2m | 10.5m | 9.0m |

## Net Income | 21.8m | 23.4m | 24.7m | 26.5m | 29.3m | 36.3m |

USD | Q2, 2014 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 24.9m | 25.0m | 25.5m | 26.4m | 26.4m | 26.7m | 28.0m | 28.7m | 29.3m | 31.5m | 31.8m | 33.1m | 34.1m | |||||

## Cost of goods sold | 1.2m | 1.3m | 1.3m | 1.3m | 1.4m | 1.5m | 1.7m | 1.9m | 2.0m | 2.6m | 3.5m | 5.1m | 5.5m | |||||

## Gross profit | 23.6m | 23.7m | 24.2m | 25.1m | 25.0m | 25.2m | 26.3m | 26.8m | 27.3m | 28.9m | 28.3m | 28.0m | 28.6m | |||||

| 95% | 95% | 95% | 95% | 95% | 94% | 94% | 93% | 93% | 92% | 89% | 85% | 84% | |||||

## Operating expense total | 14.4m | 14.9m | 14.4m | 14.9m | 15.1m | 15.5m | 15.6m | 15.5m | 16.0m | 16.2m | 16.0m | 16.7m | 16.9m | |||||

## EBIT | 16.1m | 16.0m | 17.0m | 17.3m | 17.4m | 18.1m | 18.8m | 18.9m | 19.7m | 20.3m | 20.4m | 20.6m | 21.3m | |||||

| 65% | 64% | 67% | 65% | 66% | 68% | 67% | 66% | 67% | 65% | 64% | 62% | 62% | |||||

## Pre tax profit | 9.2m | 8.3m | 9.5m | 9.6m | 9.4m | 9.3m | 10.2m | 10.4m | 10.6m | 12.1m | 11.7m | 10.9m | 11.2m | |||||

## Income tax expense | 2.9m | 2.4m | 2.9m | 2.9m | 2.7m | 2.7m | 3.0m | 3.0m | 2.1m | 2.3m | 2.5m | 2.2m | 2.3m | |||||

## Net Income | 5.6m | 5.3m | 5.5m | 6.1m | 5.9m | 6.3m | 5.9m | 6.5m | 6.6m | 6.7m | 6.6m | 7.2m | 7.4m | 8.5m | 9.7m | 9.3m | 8.7m | 8.9m |

USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|---|

## Cash | 37.3m | 35.1m | 34.8m | 43.0m | 42.6m | 56.5m |

## Accounts Receivable | ||||||

## Inventories | 1.3b | 1.6b | 1.8b | 2.0b | 2.2b | |

## PP&E | 29.2m | 28.5m | 27.4m | 26.9m | 27.6m | 30.4m |

## Goodwill | 22.0m | 22.0m | 21.9m | 21.9m | 21.9m | 21.9m |

## Total Assets | 2.2b | 2.2b | 2.4b | 2.6b | 2.8b | 3.0b |

## Accounts Payable | 1.8b | 2.0b | 2.1b | 2.2b | 2.3b | |

## Short-term debt | 64.8m | 60.4m | 105.2m | |||

## Long-term debt | ||||||

## Total Debt | 64.8m | 105.2m | ||||

## Total Liabilities | 2.0b | 2.2b | 2.4b | 2.5b | 2.7b | |

## Common Stock | 16.7m | 17.1m | 17.4m | |||

## Preferred Stock | ||||||

## Additional Paid-in Capital | 229.3m | 239.7m | 250.7m | 270.9m | 290.2m | 314.5m |

## Retained Earnings | 27.5m | 29.5m | 32.1m | 28.6m | 28.8m | 29.3m |

## Total Equity | 192.2m | 200.9m | 214.0m | 232.9m | 249.6m | 269.6m |

## Financial Leverage | 11.3 x | 11 x | 11.4 x | 11.2 x | 11.1 x | 11.1 x |

USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|---|

## Net Income | 21.8m | 23.4m | 24.7m | 26.5m | 29.3m | 36.3m |

## Depreciation and Amortization | 8.9m | 7.0m | 6.3m | 5.9m | 5.4m | 4.8m |

## Accounts Receivable | ||||||

## Inventories | ||||||

## Accounts Payable | ||||||

## Cash From Operating Activities | 36.7m | 30.6m | 28.9m | 34.7m | 37.8m | 42.0m |

## Cash From Investing Activities | (149.0m) | (67.7m) | (229.5m) | (157.8m) | (148.6m) | (227.8m) |

## Dividends Paid | (12.1m) | (12.4m) | (12.7m) | (13.1m) | (13.6m) | (14.4m) |

## Cash From Financing Activities | 113.5m | 33.4m | 205.4m | 129.4m | 126.2m | 197.2m |

## Income Taxes Paid | 8.3m | 10.1m | 9.4m | 12.0m | 11.5m | 10.0m |

USD | Q2, 2014 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Net Income | 16.0m | 5.3m | 10.8m | 17.0m | 5.9m | 12.2m | 18.1m | 6.5m | 13.2m | 19.9m | 6.6m | 13.8m | 21.3m | 8.5m | 18.3m | 27.5m | 8.7m | 17.7m |

## Depreciation and Amortization | 6.9m | 2.0m | 3.9m | 5.6m | 1.6m | 3.3m | 4.8m | 1.6m | 3.1m | 4.6m | 1.5m | 3.0m | 4.2m | 1.2m | 2.4m | 3.6m | 1.3m | 2.5m |

## Cash From Operating Activities | 26.2m | 7.5m | 14.0m | 21.5m | 8.5m | 13.7m | 20.0m | 10.5m | 15.0m | 25.2m | 9.9m | 18.6m | 26.4m | 12.3m | 21.0m | 33.6m | 10.7m | 21.1m |

## 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) |

## Dividends Paid | (9.0m) | (3.1m) | (6.2m) | (9.3m) | (3.2m) | (6.3m) | (9.5m) | (3.2m) | (6.5m) | (9.7m) | (3.4m) | (6.7m) | (10.1m) | (3.5m) | (7.0m) | (10.6m) | (3.8m) | (7.5m) |

## Cash From Financing Activities | 120.2m | 51.0m | (22.5m) | 27.8m | 108.2m | 101.1m | 178.7m | 22.0m | 74.6m | 108.1m | 41.6m | 100.7m | 115.6m | 58.2m | 70.4m | 167.5m | (25.3m) | (18.4m) |

## Income Taxes Paid | 6.1m | 335.0k | 4.5m | 7.0m | 635.0k | 4.9m | 8.3m | 726.0k | 6.2m | 9.8m | 294.0k | 5.6m | 8.4m | 390.0k | 5.3m | 7.5m | 311.0k | 5.0m |

USD | Y, 2019 |
---|---|

## Financial Leverage | 10.6 x |

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.

FY, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | |
---|---|---|---|---|---|---|---|---|---|---|---|

## Assets Under Management | $1.25 b | $1.25 b | $1.25 b | $1.20 b | $1.28 b | $1.23 b | $1.25 b | $1.28 b | $1.30 b | $1.33 b | $1.36 b |

## Bank Branches | 38 | 41 | 41 | ||||||||

## Non-accrual Loans | $6.89 m | $7 m | $6.93 m | $7.79 m | $6.43 m | $7.45 m | $6.71 m | $6.11 m | $4.19 m | $4.27 m | $5.22 m |

## Non-performing Loans | $7.77 m | $7.89 m | $8.78 m | $9.06 m | $6.91 m | $8.12 m | $7.27 m | $6.76 m | $5.50 m | $4.37 m | $7.14 m |

## Total Loans | $1.41 b | $1.34 b | $1.48 b | $1.50 b | $1.57 b | $1.62 b | $1.67 b | $1.71 b | $1.75 b | $1.81 b | $1.88 b |