What is Arrow Financial Corp's earnings per share (EPS)?

Arrow Financial Corp (AROW) reported diluted earnings per share of $2.65 for fiscal year 2025. This represents a 49.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Arrow Financial Corp (AROW) Financials

AROW

Trailing 12 months to June 30, 2026

Revenue $147.8M +29.2% YoY

Net Income $51.3M +67.9% YoY

EPS (Diluted) $3.10 +69.4% YoY

Free Cash Flow $44.6M +52.7% YoY

Market Cap $682.6M as of Oct 17, 2026

Price / Sales 4.6x on $147.8M revenue, trailing 12 months to June 30, 2026

Price / Earnings 13.3x on $51.3M net income, trailing 12 months to June 30, 2026

Price / Book 1.5x on $446.3M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 17, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AROW SEC filings page.

Arrow Financial Corp (AROW) reported $147.8M in revenue over the twelve months to Jun 30, 2026, up 29.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AROW FY2025 2026-10-04

Arrow's 2025 rebound converted into cash while a liability-heavy balance sheet kept returns modest on its large asset base.

From FY2024 to FY2025, reported revenue rose 20.1% while net income rose 48.0%, so earnings grew faster than the business's reported activity. Operating cash flow reached 94.0% of net income in FY2025, versus 116.0% in FY2024, indicating cash conversion remained close but less generous than the prior year's unusually strong relationship.

Total liabilities were 9.3x equity in FY2025, while long-term debt was only $4.3M; this indicates the institution's liability-heavy structure is not primarily conventional debt leverage. The balance sheet therefore reflects a financial-business funding model more than a typical industrial company's borrowing profile.

The asset base expanded to $4.4B, while return on assets was 1.0%. Return on equity reached 10.2%, showing how modest asset-level profitability can still translate into a materially higher shareholder return when equity is a relatively thin funding layer.

Financial Health Signals

Financial Health Score 28/100

Scored as: Banks peer group

Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Arrow Financial Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Earnings

Arrow Financial Corp earned a return on assets of 1.0% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is up from 0.7% the prior year. Earnings ranks banks on that return over three years, and Arrow Financial Corp scores 47/100 among other banks.

Growth

Arrow Financial Corp reported revenue of $139.5M in fiscal year 2025, against $116.2M in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Arrow Financial Corp scores 23/100 among other banks.

Capital

Arrow Financial Corp funded 9.7% of its assets with shareholders' equity at the end of fiscal year 2025, holding $431.9M of equity against $4.4B of assets. Capital ranks banks on that cushion, and Arrow Financial Corp scores 26/100 among other banks.

Efficiency

Efficiency measures what a bank spends running itself against the revenue that spending brings in, so a lower ratio is the better one. Arrow Financial Corp scores 20/100 on it among other banks.

Credit Quality

Not available for Arrow Financial Corp, and counted as zero in the overall score.

Stability

Arrow Financial Corp reported net income of $44.0M in fiscal year 2025, against $29.7M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Arrow Financial Corp scores 54/100 among other banks.

Piotroski F-Score Partial

6/7

Arrow Financial Corp passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

0.94x

For every $1 of reported earnings, Arrow Financial Corp generates $0.94 in operating cash flow ($41.3M OCF vs $44.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$37.8M

YoY+10.5%

QoQ-0.9%

5Y CAGR+0.5%

10Y CAGR+4.1%

Arrow Financial Corp generated $37.8M in revenue in Q2 2026. This represents an increase of 10.5% from the same quarter a year earlier. Against the prior quarter it is down 0.9%.

Net Income

$11.0M

YoY+1.5%

QoQ-18.7%

5Y CAGR-3.8%

10Y CAGR+5.1%

Arrow Financial Corp reported $11.0M in net income in Q2 2026. This represents an increase of 1.5% from the same quarter a year earlier. Against the prior quarter it is down 18.7%.

EPS (Diluted)

$0.66

YoY+1.5%

QoQ-19.5%

5Y CAGR-4.5%

10Y CAGR+3.0%

Arrow Financial Corp earned $0.66 per diluted share (EPS) in Q2 2026. This represents an increase of 1.5% from the same quarter a year earlier. Against the prior quarter it is down 19.5%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$11.6M

YoY+40.0%

QoQ-16.9%

5Y CAGR-9.3%

10Y CAGR+10.4%

Arrow Financial Corp generated $11.6M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 40.0% from the same quarter a year earlier. Against the prior quarter it is down 16.9%.

Cash & Debt

$186.8M

YoY-30.4%

QoQ-34.6%

5Y CAGR-17.1%

10Y CAGR+11.5%

Arrow Financial Corp held $186.8M in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share

$0.30

YoY+7.1%

QoQ0.0%

5Y CAGR+3.5%

Arrow Financial Corp paid $0.30 per share in dividends in Q2 2026. This represents an increase of 7.1% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

19M

YoY+12.5%

QoQ+12.1%

Arrow Financial Corp had 19M shares outstanding in Q2 2026. This represents an increase of 12.5% from the same quarter a year earlier. Against the prior quarter it is up 12.1%.

Margins & Returns

Net Margin

29.0%

YoY-2.6pp

QoQ-6.4pp

5Y change-7.0pp

10Y change+2.6pp

Arrow Financial Corp's net profit margin was 29.0% in Q2 2026, showing the share of revenue converted to profit. This is down 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 6.4 percentage points.

Return on Equity

2.5%

YoY-0.2pp

QoQ-0.6pp

5Y change-1.3pp

10Y change-0.5pp

Arrow Financial Corp's ROE was 2.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.6 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$370K

YoY-92.9%

QoQ+227.4%

5Y CAGR+14.3%

10Y CAGR-10.5%

Arrow Financial Corp spent $370K on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 92.9% from the same quarter a year earlier. Against the prior quarter it is up 227.4%.

Capital Expenditures

$4.2M

YoY+110.2%

QoQ+223.2%

5Y CAGR+30.9%

10Y CAGR+34.1%

Arrow Financial Corp invested $4.2M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 110.2% from the same quarter a year earlier. Against the prior quarter it is up 223.2%.

R&D Spending

Not reported for Q2 2026.

AROW Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AROW quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$147.8M	$139.5M+20.1%	$116.2M-13.3%	$133.9M-10.2%	$149.2M+4.6%	$142.7M+8.2%	$131.9M+13.1%	$116.6M+3.2%	$113.0M+7.3%	$105.3M+5.9%	$99.4M+5.7%	$94.0M+5.2%	$89.4M+6.1%	$84.3M-0.3%	$84.5M+0.6%	$84.0M
SG&A Expenses	$58.7M	$56.3M+6.8%	$52.7M+10.6%	$47.7M+1.4%	$47.0M+4.9%	$44.8M+6.5%	$42.1M+9.5%	$38.4M-1.0%	$38.8M+2.9%	$37.7M+8.8%	$34.6M+4.8%	$33.1M+6.9%	$30.9M-0.8%	$31.2M-1.6%	$31.7M+5.0%	$30.2M
Interest Expense	$74.3M	$77.0M-7.5%	$83.3M+44.2%	$57.7M+410.5%	$11.3M+117.7%	$5.2M-59.1%	$12.7M-41.5%	$21.7M+73.9%	$12.5M+78.2%	$7.0M+30.8%	$5.4M+11.3%	$4.8M-16.5%	$5.8M-27.2%	$7.9M-33.7%	$12.0M-36.0%	$18.7M
Income Tax	$13.3M	$11.4M+49.5%	$7.6M+2.7%	$7.4M-47.3%	$14.1M-3.0%	$14.5M+31.8%	$11.0M+15.0%	$9.6M+6.4%	$9.0M-14.3%	$10.5M-6.1%	$11.2M+5.7%	$10.6M+4.3%	$10.2M+12.1%	$9.1M-6.0%	$9.7M-0.5%	$9.7M
Net Income	$51.3M	$44.0M+48.0%	$29.7M-1.3%	$30.1M-38.3%	$48.8M-2.2%	$49.9M+22.2%	$40.8M+8.9%	$37.5M+3.3%	$36.3M+23.7%	$29.3M+10.5%	$26.5M+7.6%	$24.7M+5.6%	$23.4M+7.2%	$21.8M-1.7%	$22.2M+1.1%	$21.9M
EPS (Basic)	N/A	$2.65+49.7%	$1.770.0%	$1.77-38.1%	$2.86-2.4%	$2.93+17.7%	$2.49+5.5%	$2.36-0.4%	$2.37+19.1%	$1.99+6.4%	$1.87+3.9%	$1.80+2.3%	$1.76+3.5%	$1.70-4.5%	$1.78-1.1%	$1.80
EPS (Diluted)	$3.10	$2.65+49.7%	$1.770.0%	$1.77-38.1%	$2.86-2.1%	$2.92+17.3%	$2.49+5.5%	$2.360.0%	$2.36+19.2%	$1.98+6.5%	$1.86+3.3%	$1.80+2.3%	$1.76+3.5%	$1.70-4.0%	$1.77-1.1%	$1.79
Diluted Shares (Avg)	N/A	17M-1.4%	17M-1.7%	17M-0.1%	17M0.0%	17M+3.8%	16M+3.3%	16M+3.4%	15M+3.6%	15M+3.8%	14M+4.1%	14M+3.5%	13M+3.5%	13M+2.6%	13M+2.3%	12M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$37.8M+10.5%	$38.1M+14.1%	$35.9M+130.3%	$36.1M+15.5%	$34.2M-2.4%	$33.4M-2.7%	$15.6M-52.9%	$31.3M-6.4%
SG&A Expenses	$15.1M+7.2%	$14.9M+10.1%	$14.3M+7.3%	$14.3M+6.6%	$14.1M+8.1%	$13.6M+5.1%	$13.3M+14.0%	$13.4M+12.2%
Interest Expense	$17.7M-7.1%	$17.7M-7.1%	$19.5M-8.2%	$19.5M-7.3%	$19.0M-8.5%	$19.0M-6.0%	$21.2M+13.4%	$21.0M+25.3%
Income Tax	$2.9M-5.1%	$3.9M+111.9%	$2.7M+265.4%	$3.8M+47.3%	$3.1M+33.8%	$1.8M-10.0%	$752K-54.7%	$2.6M+40.2%
Net Income	$11.0M+1.5%	$13.5M+113.7%	$14.0M+214.1%	$12.8M+42.9%	$10.8M+25.6%	$6.3M-17.6%	$4.5M-42.4%	$9.0M+15.9%
EPS (Basic)	$0.66+1.5%	$0.82+115.8%	$0.85+226.9%	$0.77+42.6%	$0.65+25.0%	$0.38-15.6%	$0.26-43.5%	$0.54+17.4%
EPS (Diluted)	$0.66+1.5%	$0.82+115.8%	$0.85+214.8%	$0.77+45.3%	$0.65+25.0%	$0.38-15.6%	$0.27-41.3%	$0.53+15.2%
Diluted Shares (Avg)	16M-0.5%	16M-1.6%	N/A	16M-2.0%	17M-0.9%	17M-1.2%	N/A	17M-1.8%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

AROW Balance Sheet

AROW quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$4.4B+3.2%	$4.3B+3.3%	$4.2B+5.0%	$4.0B-1.5%	$4.0B+9.2%	$3.7B+15.8%	$3.2B+6.6%	$3.0B+8.3%	$2.8B+6.0%	$2.6B+6.5%	$2.4B+10.3%	$2.2B+2.5%	$2.2B+7.0%	$2.0B+3.1%	$2.0B
Cash & Equivalents	$214.2M+38.6%	$154.5M+8.4%	$142.5M+120.4%	$64.7M-85.9%	$457.7M+20.1%	$381.0M+442.6%	$70.2M-16.6%	$84.2M+15.7%	$72.8M+27.0%	$57.4M+12.3%	$51.1M+10.3%	$46.3M-7.4%	$50.0M+2.4%	$48.8M+11.7%	$43.7M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$23.8M0.0%	$23.8M+8.8%	$21.9M0.0%	$21.9M0.0%	$21.9M0.0%	$21.9M0.0%	$21.9M0.0%	$21.9M0.0%	$21.9M0.0%	$21.9M0.0%	$21.9M-0.6%	$22.0M0.0%	$22.0M0.0%	$22.0M0.0%	$22.0M
Total Liabilities	$4.0B+2.8%	$3.9B+3.0%	$3.8B+4.8%	$3.6B-1.1%	$3.7B+9.0%	$3.4B+16.4%	$2.9B+6.0%	$2.7B+8.3%	$2.5B+5.8%	$2.4B+6.3%	$2.2B+10.7%	$2.0B+2.3%	$2.0B+6.7%	$1.8B+2.8%	$1.8B
Long-Term Debt	$4.3M-50.4%	$8.6M+32.3%	$6.5M-76.6%	$27.8M-38.2%	$45.0M0.0%	$45.0M+50.0%	$30.0M-33.3%	$45.0M-18.2%	$55.0M0.0%	$55.0M0.0%	$55.0M+450.0%	$10.0M-50.0%	$20.0M-33.3%	$30.0M-25.0%	$40.0M
Total Equity	$431.9M+7.7%	$400.9M+5.6%	$379.8M+7.4%	$353.5M-4.8%	$371.2M+11.0%	$334.4M+10.8%	$301.7M+11.9%	$269.6M+8.0%	$249.6M+7.2%	$232.9M+8.8%	$214.0M+6.5%	$200.9M+4.6%	$192.2M+9.3%	$175.8M+5.7%	$166.4M
Retained Earnings	$102.3M+32.4%	$77.2M+17.4%	$65.8M+0.6%	$65.4M+20.9%	$54.1M+29.1%	$41.9M+26.1%	$33.2M+13.5%	$29.3M+1.5%	$28.8M+0.6%	$28.6M-10.9%	$32.1M+9.1%	$29.5M+7.3%	$27.5M+4.6%	$26.3M+9.6%	$23.9M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$4.5B+1.5%	$4.5B+1.6%	$4.4B+3.2%	$4.6B+4.0%	$4.4B+4.0%	$4.4B+2.7%	$4.3B+3.3%	$4.4B+3.2%
Cash & Equivalents	$186.8M-30.4%	$285.6M-5.3%	$214.2M+38.6%	$397.4M+16.9%	$268.4M+34.1%	$301.4M+6.7%	$154.5M+8.4%	$340.1M+15.4%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$23.8M0.0%	$23.8M0.0%	$23.8M0.0%	$23.8M0.0%	$23.8M+8.8%	$23.8M+8.8%	$23.8M+8.8%	$23.8M+8.8%
Total Liabilities	$4.0B+0.7%	$4.1B+0.9%	$4.0B+2.8%	$4.2B+3.8%	$4.0B+3.8%	$4.0B+2.2%	$3.9B+3.0%	$4.0B+2.7%
Long-Term Debt	N/A	N/A	$4.3M-50.4%	N/A	N/A	N/A	$8.6M+32.3%	N/A
Total Equity	$446.3M+9.3%	$440.1M+8.8%	$431.9M+7.7%	$417.7M+6.2%	$408.5M+6.7%	$404.4M+7.0%	$400.9M+5.6%	$393.3M+9.2%
Retained Earnings	$116.8M+37.5%	$110.8M+40.6%	$102.3M+32.4%	$93.0M+20.1%	$85.0M+16.4%	$78.8M+14.4%	$77.2M+17.4%	$77.4M+23.6%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities.

AROW Cash Flow Statement

AROW quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$52.0M	$41.3M+19.8%	$34.5M+67.5%	$20.6M-65.5%	$59.7M-12.5%	$68.2M+61.2%	$42.3M-3.7%	$43.9M+4.7%	$42.0M+11.0%	$37.8M+9.0%	$34.7M+19.9%	$28.9M-5.6%	$30.6M-16.4%	$36.7M+13.0%	$32.5M-10.0%	$36.1M
Depreciation & Amortization	N/A	$5.4M+1.1%	$5.4M-20.2%	$6.7M-11.0%	$7.5M-3.6%	$7.8M+14.0%	$6.9M+24.8%	$5.5M+15.8%	$4.8M-12.0%	$5.4M-9.1%	$5.9M-5.6%	$6.3M-10.6%	$7.0M-20.6%	$8.9M+0.2%	$8.9M+36.1%	$6.5M
Stock-Based Compensation	N/A	$683K+117.5%	$314K-48.1%	$605K+34.1%	$451K+8.9%	$414K+37.5%	$301K-4.7%	$316K-1.9%	$322K-8.3%	$351K+22.3%	$287K-6.8%	$308K-14.4%	$360K-3.2%	$372K-12.3%	$424K+19.8%	$354K
Capital Expenditures	$7.3M	$5.1M-9.1%	$5.6M-21.0%	$7.1M-50.3%	$14.3M+99.7%	$7.1M+39.1%	$5.1M-34.1%	$7.8M+52.6%	$5.1M+96.1%	$2.6M+80.6%	$1.4M-11.1%	$1.6M+10.4%	$1.5M-34.3%	$2.2M-72.3%	$8.1M+50.3%	$5.4M
Free Cash Flow	$44.6M	$36.2M+25.3%	$28.9M+113.9%	$13.5M-70.3%	$45.5M-25.6%	$61.1M+64.2%	$37.2M+2.8%	$36.2M-1.9%	$36.9M+4.7%	$35.2M+5.9%	$33.3M+21.8%	$27.3M-6.4%	$29.2M-15.3%	$34.4M+41.2%	$24.4M-20.6%	$30.7M
Investing Cash Flow	-$145.4M	-$61.5M+30.9%	-$89.0M-7.6%	-$82.7M+79.0%	-$393.1M-43.1%	-$274.6M-46.6%	-$187.3M+2.6%	-$192.2M+15.6%	-$227.8M-53.3%	-$148.6M+5.8%	-$157.8M+31.3%	-$229.5M-239.1%	-$67.7M+54.6%	-$149.0M-127.0%	-$65.6M-46.5%	-$44.8M
Financing Cash Flow	$11.7M	$79.8M+20.0%	$66.5M-52.5%	$139.9M+334.5%	-$59.7M-121.1%	$283.1M-37.9%	$455.8M+239.4%	$134.3M-31.9%	$197.2M+56.2%	$126.2M-2.4%	$129.4M-37.0%	$205.4M+515.5%	$33.4M-70.6%	$113.5M+196.5%	$38.3M+79.2%	$21.4M
Dividends Paid	N/A	N/A	N/A	N/A	$17.4M+7.0%	$16.3M+3.5%	$15.7M+3.5%	$15.2M+5.7%	$14.4M+5.8%	$13.6M+3.9%	$13.1M+3.1%	$12.7M+2.4%	$12.4M+2.5%	$12.1M	N/A	N/A
Share Buybacks	$2.1M	$10.2M+50.8%	$6.8M+88.2%	$3.6M+25.6%	$2.9M+7.9%	$2.7M+68.7%	$1.6M-36.1%	$2.5M+17.7%	$2.1M-35.4%	$3.2M+51.7%	$2.1M+42.9%	$1.5M-39.0%	$2.5M+43.7%	$1.7M-65.0%	$4.9M	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$15.8M+53.7%	$15.2M+51.4%	$5.9M+5.0%	$15.0M+59.5%	$10.3M+13.2%	$10.1M-2.7%	$5.6M+134.5%	$9.4M-15.9%
Depreciation & Amortization	$1.3M-5.9%	$1.2M+3.3%	$1.3M-4.8%	$1.5M+10.8%	$1.4M+13.0%	$1.2M-13.5%	$1.4M-22.9%	$1.4M-10.8%
Stock-Based Compensation	N/A	$228K+82.4%	N/A	N/A	N/A	$125K+50.6%	N/A	N/A
Capital Expenditures	$4.2M+110.2%	$1.3M+2.2%	$1.1M-29.0%	$739K-45.9%	$2.0M+28.0%	$1.3M+10.3%	$1.5M+149.3%	$1.4M-3.2%
Free Cash Flow	$11.6M+40.0%	$13.9M+58.5%	$4.8M+17.6%	$14.3M+77.4%	$8.3M+10.1%	$8.8M-4.3%	$4.1M+124.3%	$8.1M-17.8%
Investing Cash Flow	-$57.2M-970.8%	-$15.1M-397.2%	-$23.4M+74.0%	-$49.7M-251.9%	$6.6M+6.5%	$5.1M+113.5%	-$90.1M-4835.5%	$32.7M+162.5%
Financing Cash Flow	-$57.5M-15.3%	$71.3M-45.9%	-$165.7M-64.0%	$163.6M+67.4%	-$49.8M+48.9%	$131.7M-21.2%	-$101.0M+24.6%	$97.8M-39.7%
Share Buybacks	$370K-92.9%	$113K-96.8%	$154K-41.9%	$1.4M+2551.9%	$5.2M+914.7%	$3.5M-41.6%	$265K-90.4%	$54K

Not reported in any period shown, so not listed: Dividends Paid.

AROW Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AROW quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Net Margin	31.5%+5.9pp	25.6%+3.1pp	22.5%-10.2pp	32.7%-2.3pp	35.0%+4.0pp	31.0%-1.2pp	32.1%0.0pp	32.1%+4.3pp	27.9%+1.2pp	26.7%+0.5pp	26.2%+0.1pp	26.1%+0.3pp	25.9%-0.4pp	26.2%+0.1pp	26.1%
Return on Equity	10.2%+2.8pp	7.4%-0.5pp	7.9%-5.9pp	13.8%+0.4pp	13.4%+1.2pp	12.2%-0.2pp	12.4%-1.0pp	13.5%+1.7pp	11.8%+0.3pp	11.4%-0.1pp	11.5%-0.1pp	11.6%+0.3pp	11.3%-1.3pp	12.6%-0.6pp	13.2%
Return on Assets	1.0%+0.3pp	0.7%0.0pp	0.7%-0.5pp	1.2%0.0pp	1.2%+0.1pp	1.1%-0.1pp	1.2%0.0pp	1.2%+0.1pp	1.1%0.0pp	1.0%0.0pp	1.0%0.0pp	1.1%0.0pp	1.0%-0.1pp	1.1%0.0pp	1.1%
Debt-to-Equity	0.010.0x	0.020.0x	0.02-0.1x	0.080.0x	0.120.0x	0.130.0x	0.10-0.1x	0.17-0.1x	0.220.0x	0.240.0x	0.26+0.2x	0.05-0.1x	0.10-0.1x	0.17-0.1x	0.24
Asset Turnover	0.030.0x	0.030.0x	0.030.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.04
FCF Margin	25.9%+1.1pp	24.9%+14.8pp	10.1%-20.4pp	30.5%-12.3pp	42.8%+14.6pp	28.2%-2.8pp	31.0%-1.6pp	32.6%-0.8pp	33.5%0.0pp	33.5%+4.4pp	29.0%-3.6pp	32.6%-8.2pp	40.9%+12.0pp	28.8%-7.7pp	36.5%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Net Margin	29.0%-2.6pp	35.4%+16.5pp	39.0%+10.4pp	35.5%+6.8pp	31.6%+7.0pp	18.9%-3.4pp	28.6%+5.2pp	28.7%+5.5pp
Return on Equity	2.5%-0.2pp	3.1%+1.5pp	3.2%+2.1pp	3.1%+0.8pp	2.6%+0.4pp	1.6%-0.5pp	1.1%-0.9pp	2.3%+0.1pp
Return on Assets	0.2%0.0pp	0.3%+0.2pp	0.3%+0.2pp	0.3%+0.1pp	0.2%0.0pp	0.1%0.0pp	0.1%-0.1pp	0.2%0.0pp
Debt-to-Equity	9.04-0.8x	9.27-0.7x	0.010.0x	9.98-0.2x	9.81-0.3x	10.00-0.5x	0.020.0x	10.22-0.7x
Asset Turnover	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.000.0x	0.010.0x
FCF Margin	30.7%+6.5pp	36.6%+10.2pp	13.5%-12.9pp	39.6%+13.8pp	24.2%+2.7pp	26.4%-0.4pp	26.4%+77.5pp	25.8%-3.6pp

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Arrow Financial Corp AROW	FY2025	$139.5M	$44.0M	31.5%	$682.6M	28/100
Northfield Bancorp, Inc. NFBK	FY2025	$154.3M	$796K	0.5%	$639.4M	29/100
Peoples Financial Services Corp. PFIS	FY2025	$187.7M	$59.2M	31.5%	$683.7M	37/100
Flushing Financial Corp FFIC	FY2025	$238.9M	$18.9M	7.9%	$524.2M	26/100
ACNB Corp ACNB	FY2025	$191.8M	$37.1M	19.3%	$644.2M	67/100
Bank7 Corp. BSVN	FY2025	$96.4M	$43.1M	44.7%	$553.8M	55/100

Where Arrow Financial Corp Ranks

Frequently Asked Questions

What is Arrow Financial Corp's annual revenue?

Arrow Financial Corp (AROW) reported $139.5M in total revenue for fiscal year 2025. This represents a 20.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Arrow Financial Corp's revenue growing?

Arrow Financial Corp (AROW) revenue grew by 20.1% year-over-year, from $116.2M to $139.5M in fiscal year 2025.

Is Arrow Financial Corp profitable?

Yes, Arrow Financial Corp (AROW) reported a net income of $44.0M in fiscal year 2025, with a net profit margin of 31.5%.

How much debt does Arrow Financial Corp have?

As of fiscal year 2025, Arrow Financial Corp (AROW) had $214.2M in cash and equivalents against $4.3M in long-term debt.

What is Arrow Financial Corp's net profit margin?

Arrow Financial Corp (AROW) had a net profit margin of 31.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Arrow Financial Corp pay dividends?

Yes, Arrow Financial Corp (AROW) paid $1.14 per share in dividends during fiscal year 2025.

What is Arrow Financial Corp's return on equity (ROE)?

Arrow Financial Corp (AROW) has a return on equity of 10.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Arrow Financial Corp's free cash flow?

Arrow Financial Corp (AROW) generated $36.2M in free cash flow during fiscal year 2025. This represents a 25.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Arrow Financial Corp's operating cash flow?

Arrow Financial Corp (AROW) generated $41.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Arrow Financial Corp's total assets?

Arrow Financial Corp (AROW) had $4.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Arrow Financial Corp's capital expenditures?

Arrow Financial Corp (AROW) invested $5.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Arrow Financial Corp buy back shares?

Yes, Arrow Financial Corp (AROW) spent $10.2M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Arrow Financial Corp have outstanding?

Arrow Financial Corp (AROW) had 17M shares outstanding as of fiscal year 2025.

What is Arrow Financial Corp's debt-to-equity ratio?

Arrow Financial Corp (AROW) had a debt-to-equity ratio of 0.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Arrow Financial Corp's return on assets (ROA)?

Arrow Financial Corp (AROW) had a return on assets of 1.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Arrow Financial Corp's P/E ratio?

Arrow Financial Corp (AROW) trades at 13.3x earnings, its market capitalization divided by net income of $51.3M net income, trailing 12 months to June 30, 2026. The market capitalization is $682.6M as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Arrow Financial Corp's price-to-sales ratio?

Arrow Financial Corp (AROW) trades at 4.6x sales, its market capitalization divided by revenue of $147.8M revenue, trailing 12 months to June 30, 2026. The market capitalization is $682.6M as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Arrow Financial Corp's Piotroski F-Score?

Arrow Financial Corp (AROW) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Arrow Financial Corp's earnings high quality?

Arrow Financial Corp (AROW) has an earnings quality ratio of 0.94x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Arrow Financial Corp?

Arrow Financial Corp (AROW) scores 28 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.