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🕒 Last update: loading…09/11/2026

Stock Arrow Financial Corporation AROW

Arrow Financial Corporation — Investlytic score 3/5 on the five criteria.

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60/ 100
Score Investlytic · 5 criteria

Analysis in progress…

Investlytic score: 3/5 criteria met. Data as of 01/11/2026.

  • ❌ Price trend failed
  • ✅ Growth passed
  • ✅ Debt passed
  • ✅ P/E passed
  • ❌ Correction failed

Price trend

Overall trend (8 years): insufficient progression (less than x1.5).

Price change 2018 → 2019: 21.58%

Price change 2019 → 2020: -18.49%

Price change 2020 → 2021: 21.34%

Price change 2021 → 2022: -0.90%

Price change 2022 → 2023: -15.10%

Price change 2023 → 2024: 2.76%

Price change 2024 → 2025: 9.37%

Price change 2025 → 2026: 22.17%

Price change 2026 (year to date): 22.56%

Financial growth

Revenue CAGR (8 years): 9.88%

Earnings CAGR (8 years): 2.78%

Growth status: positive trend (>1%/yr) in revenue and earnings.

Debt

Debt-to-equity ratio: 0.07

Debt/equity < 0.5 (maximum threshold).

P/E (Price/Earnings)

P/E ratio: 12.10

P/E < 25.0 (maximum threshold).

Correction (6 months)

Current correction: 9.74% from the high over 6 months.

Insufficient correction (< 10.0%).

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Criteria of the Investlytic model

- / 5
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Score out of 100, model verdict (buy, watch, sell) and details of the 5 criteria · visible with a free account.

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Price trend

Price & trend

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⚖️ Comparison with the market

All stocks →
StockP/EDette/FPRevenue growthRating
Arrow Financial Corporation12.10.07+5.8 %🔒
American Business Bank10.10.00+13.2 %★ 4/5
Orient Corporation11.28.28+0.7 %–
Institut de Développement Industriel SCA4.70.04+1.5 %★ 4/5
ABC arbitrage S.A.10.20.01−0.1 %–

Data from the Investlytic screener. The rating of the stock being viewed is reserved for members.

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Detailed analysis · Price trend

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Global model trend and annual price variations · visible with a free account.

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Revenues & profits

Revenue and net income

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Chart of revenues and net income over 8 periods · real data, no estimates.

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Financial indicators

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18 financial indicators analyzed by groups of criteria: valuation, profitability, growth, solidity, dividend, and momentum.

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Annual financial statements

Fiscal yearRevenueNet income Net marginEPSRevenue growth
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Complete annual financial statements: revenue, net income, margin, and EPS over 8 fiscal years.

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Key reported figures

Revenue, net income and net margin reported by Arrow Financial Corporation over the latest fiscal years.

Revenue
243 m USD
fiscal year 2025
Net income
44.0 m USD
fiscal year 2025
Net margin
18.1 %
fiscal year 2025
Average annual growth
+10.9 %
Revenue growth over 5 years
Average annual growth
+9.4 %
Revenue growth over 10 years
Market cap
713 m USD
Fiscal yearRevenueNet incomeNet marginRevenue growth
2020145 m40.8 m28.2 %n/a
2021148 m49.9 m33.7 %+2.3 %
2022161 m48.8 m30.4 %+8.5 %
2023192 m30.1 m15.7 %+19.4 %
2024223 m29.7 m13.3 %+16.4 %
2025243 m44.0 m18.1 %+8.7 %

Amounts converted to USD. Source: published annual accounts, collected on 06/11/2026.

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Accounts and financial health

Balance sheet and cash flow published by Arrow Financial Corporation over the last fiscal years, strength scores and valuation by discounted cash flow (DCF).

Overview
fragile accounts
according to Altman Z, Piotroski and net debt
Altman Z-score
n/a
not applicable to banks and insurance
Piotroski Score
5 / 9
4 to 6: average accounts
DCF Value
27.88 USD
DCF below share price · share price 38.46 USD, gap -27.5 %
Net Debt / EBITDA
3.46 x
high debt
Fiscal year20212022202320242025
Cash and investments1.0 bn638 m640 m618 m29.1 m
Total Debt70.2 m107 m71.6 m33.6 m29.2 m
Net Debt-388 m42.3 m-71.0 m-121 m62,000
Equity371 m354 m380 m401 m432 m
Total assets4.0 bn4.0 bn4.2 bn4.3 bn4.4 bn
Operating cash flow68.2 m59.7 m20.6 m34.5 m41.3 m
Investments (capex)7.1 m14.2 m7.1 m5.6 m5.1 m
Free cash-flow61.1 m45.5 m13.5 m28.9 m36.2 m
Share buybacks2.7 m2.9 m3.6 m6.8 m10.2 m
Dividends paid16.3 m17.4 m18.0 m18.3 m18.9 m

Amounts in USD, currency of the published accounts.

Trailing 12-month ratios

Price / earnings (P/E)14.52 x
Price / book value1.38 x
Return on Equity (ROE)9.6 %
Return on Invested Capital (ROIC)9.1 %
Net margin19.3 %
Debt / equity0.42 x
Current ratio0.00 x
Interest coverage0.33 x
Free cash-flow yield6.3 %

Altman Z: default risk estimated from the balance sheet and earnings. Piotroski: 9 tests on profitability, debt and efficiency. DCF: estimated value from discounted future cash flows, a model and not a forecast. Source: annual accounts published by the company, data as of 09/11/2026.

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Valuation and competitors

Arrow Financial Corporation compared with its sector on the same exchange and with its main competitors.

Company P/E
12.1
40.7 % below the sector
Sector median P/E
20.5
financial services, Nasdaq
Sector over 10 years
23.2
10-year median, range 16.2 to 40.5

Direct competitors

CompanyMarket cap (USD)P/ENet margin
Arrow Financial Corporation711 m12.118.1 %
ACNB Corporation ACNB665 m11.721.8 %
Finward Bancorp FNWD188 m18.98.0 %
Bar Harbor Bankshares BHB678 m11.715.2 %
Financial Institutions, Inc. FISI776 m10.219.8 %
Capital Bancorp, Inc. CBNK681 m12.318.8 %
CB Financial Services, Inc. CBFV202 m13.67.1 %
Community Bancorp CMTV235 m12.524.7 %
Eagle Bancorp, Inc. EGBN1.0 bn19.0-20.2 %
Sector median (Nasdaq)20.5

Trailing 12-month P/E. Sector: median of companies in the same sector listed on the same exchange, collected on . Competitors: comparable companies named by the data provider.

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Analyst consensus and forecasts

What the financial analysts covering Arrow Financial Corporation publish: ratings, price targets and earnings forecasts.

Majority rating
buy
1 analysts

Breakdown of ratings

strong buy 0buy 1hold 0sell 0strong sell 0

Price targets: published for companies listed in the United States only.

Track record against expectations: reported EPS above consensus 5 times over the last 12 releases.

Source: ratings and forecasts published by analysts, collected on 07/11/2026. An analyst rating or target is not a guarantee.

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Dividends and earnings

Arrow Financial Corporation: dividend history, last distributions, stock splits and earnings releases.

Frequency
quarterly
Last dividend
0.300 USD
ex-dividend on 10/11/2026
Last 12 months
1.19 USD
number of payments: 4
Yield
3.6 %
on the last known price
Years of increases
5
consecutive
Years of payments
41
uninterrupted

● Next ex-dividend date: 10/11/2026, 0.300 USD per share.

00.300.600.901.202007 : 0.705 USD2008 : 0.736 USD20082009 : 0.757 USD2010 : 0.780 USD20102011 : 0.803 USD2012 : 0.825 USD20122013 : 0.841 USD2014 : 0.858 USD20142015 : 0.875 USD2016 : 0.888 USD20162017 : 0.895 USD2018 : 0.941 USD20182019 : 0.988 USD2020 : 1.01 USD20202021 : 1.01 USD2022 : 1.06 USD20222023 : 1.08 USD2024 : 1.09 USD20242025 : 1.14 USD2026 : 1.20 USD2026

Annual dividend per share (USD), adjusted for splits. Light bar: current year, incomplete. Red bar: lower than the previous year.

Latest ex-dividend dates

Ex-dividendAmountPayment
10/11/20260.300 USD23/11/2026
11/08/20260.300 USD25/08/2026
12/05/20260.300 USD26/05/2026
11/02/20260.300 USD25/02/2026
12/11/20250.290 USD24/11/2025
11/08/20250.290 USD25/08/2025
13/05/20250.280 USD23/05/2025
10/02/20250.280 USD24/02/2025

Earnings releases

DatePublished EPSExpected EPSSurprise
29/10/20260.970.94+3.6 %
23/07/20260.710.85-16.5 %
30/04/20260.850.79+7.6 %
29/01/20260.850.80+6.2 %
30/10/20250.770.72+6.9 %
24/07/20250.700.60+16.7 %

Stock splits

DateOperation
19/09/2023split: 103 shares for 100
16/09/2022split: 103 shares for 100
16/09/2021split: 103 shares for 100
16/09/2020split: 103 shares for 100
16/09/2019split: 103 shares for 100
18/09/2018split: 103 shares for 100

Factual data: ex-dividend history and earnings calendar, as of 05/11/2026. A past dividend does not guarantee the next one.

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Who owns the stock

Free float, institutional investors, large funds, executives and elected officials: declared positions in Arrow Financial Corporation.

Free float
87.6 %
share of freely traded shares

Sources: 13F filings (quarter shown), executives' Form 4 filings and US Congress members' disclosures, collected on 01/11/2026. Detailed disclosure obligations mainly apply to companies listed in the United States.

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PEA and practical information

PEA eligibility
no
head office outside the EU and EEA
Listing exchange
Nasdaq
IPO: 18/09/1980
ISIN code
US0427441029
Workforce
580
full-time employees
Chief executive
David S. DeMarco

Rule applied: the French PEA accepts shares of companies headquartered in the European Union or the European Economic Area and subject to corporate income tax; ADRs and tax-exempt property companies (SIIC) are excluded. The institution holding the PEA confirms eligibility.

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Frequently asked questions about Arrow Financial Corporation

What is the Arrow Financial Corporation share price?

Latest recorded price: 38.47 USD on 06/11/2026, for a market cap of 713 m USD.

What is the revenue of Arrow Financial Corporation?

243 m USD for fiscal year 2025, with net income of 44.0 m USD (net margin 18.1 %).

Does Arrow Financial Corporation pay a dividend?

Yes. Latest dividend: 0.300 USD per share, ex-dividend on 10/11/2026. Over 12 months: 1.19 USD. Yield on the latest known price: 3.6 %.

What do analysts say about Arrow Financial Corporation?

Out of 1 analysts: 1 buy or strong buy, 0 hold, 0 sell or strong sell.

What is the P/E ratio of Arrow Financial Corporation?

Trailing 12-month P/E of 12.1, against 20.5 for the sector median on the same exchange (10-year median: 23.2).

Is Arrow Financial Corporation stock eligible for the French PEA?

No: the company is headquartered outside the European Union and the European Economic Area (ISIN US0427441029).

How many employees does Arrow Financial Corporation have?

580 full-time employees according to the latest published profile.

Who runs Arrow Financial Corporation?

David S. DeMarco is the company's chief executive.

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