Latest revenue
$13.2M
as of 2026-03-31
Latest net income
$13.5M
as of 2026-03-31
Net margin
102.5%
as of 2026-03-31
ActaClear Score
Computed from 5 years of SEC fundamentals + latest market data, ranked within National Commercial Banks (134 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 6, 2026.
Fair value · DCF
DCF: 10-year forecast of free cash flow, discounted at the company's WACC, with a Gordon-growth terminal at year 10. FCF is proxied by last fiscal-year net income (proper FCF needs CFO − CapEx by year, which we don't store yet). Drag the slider to test your own growth thesis — the dominant assumption in any DCF is what comes next, not what the math does with it. Beta defaults to 1.0 when not reported.
Community sentiment
Where do you think AROW is heading?
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $619.2M
- Enterprise value
- $590.1M
- P/E (trailing)
- 11.2×
- Forward P/E
- —
- P/B
- 1.41×
- Dividend yield
- 3.2%
- 52-wk high
- $38.05
- 52-wk low
- $24.57
- Beta
- —
- Shares out
- 16.5M
5-year trend
What this company does
Item 1. Business A. GENERAL The holding company, Arrow Financial Corporation, a New York corporation, was incorporated on March 21, 1983 and is registered as a bank holding company within the meaning of the Bank Holding Company Act of 1956. Arrow owns two nationally-chartered banks in New York (Glens Falls National and Saratoga National), and through such banks indirectly owns various non-bank subsidiaries, including an insurance agency, a registered investment adviser and a REIT. See "The Company and Its Subsidiaries," above. Subsidiary Banks (dollars in thousands and data is as of December 31, 2023) Glens Falls NationalSaratoga National Total Assets at Year-End$3,274,507 $1,062,118 Trust…
AI summary unavailable — showing raw filing excerpt
Generated from AROW's filing dated 2024-03-11
Key risks
Item 1A. Risk Factors Arrow's financial results and the market price of its stock are subject to risks arising from many factors, including the risks listed below, as well as other risks and uncertainties. Any of these risks could materially and adversely affect Arrow's business, financial condition or results of operations. Please note that the discussion below regarding the potential impact on Arrow of certain of these factors that may develop in the future is not meant to provide predictions by Arrow's management that such factors will develop, but to acknowledge the possible negative consequences to the Company and business if certain conditions materialize. MACROECONOMIC AND INDUSTRY…
AI summary unavailable — showing raw filing excerpt
Generated from AROW's filing dated 2024-03-11
Profitability
Net margin
25.6%
36.6%Return on equity
13.8%
48.3%Return on assets
82.7%
117.5%Leverage
Debt / equity
-0.83×
10.3%Debt / assets
-498.6%
61.9%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $13.2M | +14.9% | $13.5M | +113.7% | 102.5% |
Q4 2025 2025-12-31 | $186.0M | +9.9% | $25.4M | +110.0% | 13.7% |
Q3 2025 2025-09-30 | $10.3M | +3.2% | $12.8M | +42.9% | 124.3% |
Q2 2025 2025-06-30 | $8.8M | -4.4% | $10.8M | +25.6% | 123.4% |
Q1 2025 2025-03-31 | $11.4M | +3.6% | $6.3M | -17.6% | 55.1% |
Q4 2024 2024-12-31 | $169.2M | — | $12.1M | — | 7.2% |
Q3 2024 2024-09-30 | $10.0M | -3.0% | $9.0M | +15.9% | 89.8% |
Q2 2024 2024-06-30 | $9.2M | +8.1% | $8.6M | +42.3% | 93.9% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
National Commercial Banks · SIC 6021
Your notes
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Insider activity
Insider buying
$736.6K
Insider selling
$0
Net activity
+$736.6K
Distinct insiders
4
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns AROW
Institutional value
$192.3M
Total shares held
6.0M
Distinct holders
78
-57 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | Arrow Financial Corp | 1.9M | $63.1M | +7.1K (+0.4%) | Added |
| 2 | BlackRock, Inc. | 1.3M | $42.0M | +171 (+0.0%) | Added |
| 3 | DIMENSIONAL FUND ADVISORS LP | 730.5K | $24.5M | +1.9K (+0.3%) | Added |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 637.5K | $21.4M | — | New |
| 5 | VANGUARD PORTFOLIO MANAGEMENT LLC | 121.6K | $4.1M | — | New |
| 6 | Connor, Clark & Lunn Investment Management Ltd. | 103.3K | $3.5M | +28.9K (+38.9%) | Added |
| 7 | VANGUARD FIDUCIARY TRUST CO | 91.9K | $3.1M | — | New |
| 8 | Voya Investment Management LLC | 90.6K | $3.0M | -11.3K (-11.1%) | Trimmed |
| 9 | Bank of New York Mellon Corp | 84.8K | $2.8M | -1.9K (-2.2%) | Trimmed |
| 10 | MARTINGALE ASSET MANAGEMENT L P | 72.3K | $2.4M | +23.4K (+47.8%) | Added |
| 11 | JOHNSON INVESTMENT COUNSEL INC | 62.2K | $2.1M | +310 (+0.5%) | Added |
| 12 | Nuveen, LLC | 49.2K | $1.7M | +468 (+1.0%) | Added |
| 13 | UBS Group AG | 44.1K | $1.5M | +39.0K (+765.2%) | Added |
| 14 | LOS ANGELES CAPITAL MANAGEMENT LLC | 41.1K | $1.4M | +22.3K (+118.5%) | Added |
| 15 | HighTower Advisors, LLC | 35.5K | $1.2M | +15.4K (+76.3%) | Added |
| 16 | SummerHaven Investment Management, LLC | 27.6K | $925.7K | -3.2K (-10.4%) | Trimmed |
| 17 | Atria Investments, Inc | 25.6K | $859.8K | -2.7K (-9.6%) | Trimmed |
| 18 | Private Advisor Group, LLC | 24.4K | $819.0K | +0 (+0.0%) | No change |
| 19 | Integrated Quantitative Investments LLC | 24.0K | $804.8K | +3.6K (+17.9%) | Added |
| 20 | Invesco Ltd. | 22.7K | $761.9K | -1.3K (-5.3%) | Trimmed |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once AROW's latest filing finishes processing.
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