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AROWArrow Financial Corporation
$40.82$675M
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AROW logoArrow Financial Corporation(AROW)Earnings, Financials & Key Ratios

AROW•NASDAQ•Banking & Credit
$40.82
15.4× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryBanks with large fee businesses
AboutArrow Financial Corporation, a bank holding company, provides commercial and consumer banking, and financial products and services. The company's deposit products include demand deposits, interest-bearing checking accounts, savings deposits, time deposits, and other time deposits. Its lending activities comprise commercial loans, such as term loans, time notes, and lines of credit; and commercial real estate loans to finance real estate purchases, refinancing, expansions, and improvements to commercial properties, as well as commercial construction and land development loans to finance projects. The company's lending activities also include consumer installment loans to finance personal expenditures, personal lines of credit, overdraft protection, and automobile loans; and residential real estate loans, fixed home equity loans, and home equity lines of credit for consumers to finance home improvements, debt consolidation, education, and other uses. In addition, it maintains an indirect lending program; and sells residential real estate loan originations into the secondary market. Further, the company provides retirement planning, trust, and estate administration services for individuals; and pension, profit-sharing, and employee benefit plan administration services for corporations. Additionally, it offers insurance agency services comprising group health care policies and life insurance, and property and casualty insurance products; and investment advisory services to its proprietary mutual funds, as well as holds a real estate investment trust. The company operates in the northeastern region of New York State in Warren, Washington, Saratoga, Essex, Clinton, Rensselaer, Albany, and Schenectady counties, as well as surrounding areas. It owns 26 branch banking offices; and leases 12 branch banking offices, as well as two residential loan origination offices. Arrow Financial Corporation was founded in 1851 and is headquartered in Glens Falls, New York.Show more
  • Net Interest Income$133M+19.2%
  • Total Revenue$243M+8.7%
  • Net Income$44M+47.9%
  • Return on Equity10.56%+38.7%
  • Net Interest Margin3%+15.4%
  • Efficiency Ratio42.43%-2.7%
  • ROA1%+43.3%
  • Equity / Assets9.71%+4.3%
  • Book Value per Share26.15+9.2%

AROW Price & Volume

Arrow Financial Corporation (AROW) stock price & volume — 10-year historical chart

Loading chart...

Securities Portfolio Liquidity Supports Stable Growth

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Accelerating
Profitability:Moderate
Financial:Healthy
Cash Flow:Stable
Primary Risk:Regional CRE concentration risk

Key Thesis Takeaways

  • Arrow Financial Corporation demonstrates a resilient financial profile characterized by a 15.2 percent year-over-year growth in net interest income as of 2026Q1, though persistent margin compression at 0.8 percent warrants caution.
  • The bank's strategic reliance on a 4.3 billion dollar investment securities portfolio provides necessary liquidity but introduces potential duration risk in a volatile rate environment.
  • Investors should monitor the bank's ability to manage its 43.0 percent efficiency ratio while navigating regional commercial real estate concentration risks.

Verdict Logic

while the bank shows a 15.2 percent year-over-year growth in net interest income, the stagnant 0.8 percent net interest margin and 15.49 P/E ratio suggest limited near-term upside potential.

AROW Growth Metrics

Arrow Financial Corporation (AROW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years9.39%
5 Years10.91%
3 Years14.75%
TTM-

Profit CAGR

10 Years5.95%
5 Years1.49%
3 Years-3.43%
TTM80.29%

EPS CAGR

10 Years5.51%
5 Years1.92%
3 Years-2.51%
TTM82.35%

Return on Capital

10 Years10.84%
5 Years9.32%
3 Years6.29%
Last Year2.64%

AROW Recent Earnings

Arrow Financial Corporation (AROW) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 5/12 qtrs (50%)●Beat Revenue 5/12 qtrs (56%)
Q2 2026Latest
Apr 30, 2026
Metric
Actual
Est
EPS
$0.85+7.6%
$0.79
Rev
$45M+2.2%
$44M
Q2 2026
Mar 6, 2026
Metric
Actual
Est
EPS
$0.85
—
Rev
$63M
—
Q1 2026
Jan 29, 2026
Metric
Actual
Est
EPS
$0.85+6.3%
$0.80
Rev
$43M+0.3%
$43M
Q4 2025
Oct 30, 2025
Metric
Actual
Est
EPS
$0.77+6.9%
$0.72
Rev
$43M+2.8%
$42M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 30, 2026
$0.85vs $0.79+7.6%
$45Mvs $44M+2.2%
Q2 2026Mar 6, 2026
$0.85
$63M
Q1 2026Jan 29, 2026
$0.85vs $0.80+6.3%
$43Mvs $43M+0.3%
Q4 2025Oct 30, 2025
$0.77vs $0.72+6.9%
$43Mvs $42M+2.8%
Based on last 12 quarters of dataView full earnings history →

Latest AROW News

Recent stock market news and headlines for Arrow Financial Corporation (AROW)

Zacks Investment Research·5 days ago
Arrow Financial (AROW) is a Top Dividend Stock Right Now: Should You Buy?

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Arrow Financial (AROW) have what it takes?

PRNewsWire·Jul 1, 2026
Arrow Financial Corporation Completes Strategic Acquisition of Adirondack Bancorp, Inc.

GLENS FALLS, N.Y., July 1, 2026 /PRNewswire/ -- Arrow Financial Corporation (NASDAQGS: AROW) ("Arrow" or "AROW"), the parent company of Arrow Bank National Association, today announced the completion of the previously announced strategic acquisition of Adirondack Bancorp, Inc. ("Adirondack") and its banking subsidiary Adirondack Bank, which was merged with and into Arrow Bank.

Zacks Investment Research·Jun 16, 2026
Arrow Financial (AROW) Could Be a Great Choice

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Arrow Financial (AROW) have what it takes?

Peers Comparison

Key metrics vs top competitors for Arrow Financial Corporation (AROW)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
AROW logoAROWArrow Financial CorporationCurrent
$40.82$674.71M15.408.75%18.12%10.56%2.8%
CZWI logoCZWICitizens Community Bancorp, Inc.
$23.29$224.61M15.95-9.41%16.49%8%—
FUNC logoFUNCFirst United Corporation
$43.96$283.4M11.666.6%20.89%12.7%—
NECB logoNECBNortheast Community Bancorp, Inc.
$26.75$370.06M8.23-1.55%28.51%12.62%—
TRST logoTRSTTrustCo Bank Corp NY
$54.71$956.05M16.835.77%22.43%9.21%—
CHMG logoCHMGChemung Financial Corporation
$74.33$358.26M23.75-6.46%12.83%7.33%—

Compare AROW vs Peers

Arrow Financial Corporation (AROW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CZWI

Most directly comparable listed peer for AROW.

Scale Benchmark

vs NTRS

Larger-name benchmark to compare AROW against a more recognizable public peer.

Peer Set

Compare Top 5

vs CZWI, FUNC, NECB, TRST

AROW SEC Filings & Documents

Arrow Financial Corporation (AROW) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jun 11, 2026·SEC

Material company update

Jun 4, 2026·SEC

Material company update

Jun 3, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 6, 2026·SEC

FY 2025

Mar 14, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

May 8, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 8, 2025·SEC

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AROW Frequently Asked Questions

Arrow Financial Corporation (AROW) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Arrow Financial Corporation growing?

Arrow Financial Corporation (AROW) grew revenue by 8.7% over the past year. This is steady growth.

Is AROW profitable?

Yes, Arrow Financial Corporation (AROW) is profitable, generating $51.1M in net income for fiscal year 2025 (18.1% net margin).

Dividend & Returns
Does AROW pay dividends?

Yes, Arrow Financial Corporation (AROW) pays a dividend with a yield of 2.80%. This makes it attractive for income-focused investors.

What is AROW's return on equity?

Arrow Financial Corporation (AROW) has a return on equity (ROE) of 10.6%. This is reasonable for most industries.

Industry Metrics
What is Arrow Financial Corporation's net interest margin?

Arrow Financial Corporation (AROW) has a net interest margin (NIM) of 3.0%. NIM has been under pressure due to interest rate environment.

What is Arrow Financial Corporation's efficiency ratio?

Arrow Financial Corporation (AROW) has an efficiency ratio of 42.4%. This is excellent, indicating strong cost control.

What if you invested $1,000 in AROW back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →