Export financials
Arrow Financial Corporation (AROW)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
CSV downloads as a ZIP archive with one file for each report and frequency.

Arrow Financial Corporation Income Statement 2025-2008 | AROW
Brief overview of financial performance at Arrow Financial Corporation
The conclusions below are based on five years of reported results. Revenue reported by Arrow Financial Corporation was 94 million dollars at the beginning of the period and 132 million dollars at the end. The total change was +40.2%, with a CAGR of approximately 7%. This represents moderate business growth.
The net result moved from $24.7 million to $40.8 million, or +65.5%. Net profit ended the five years at a local peak.
The five-year change in capitalization reached +20.8%: from 376 million dollars to 455 million dollars. Market value lagged the financial performance.
Summary assessment
The key indicators are moving favorably, but the picture is not uniformly strong. Key strengths include a larger revenue base and net-income growth. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement Arrow Financial Corporation
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
548 M | 556 M | 428 M | 427 M | 584 M | 455 M | 474 M | 484 M | 401 M | 395 M | 274 M | 255 M | 228 M | 238 M | 179 M | 225 M | 228 M | - |
Shares |
16.5 M | 16.7 M | 17 M | 17 M | 17 M | 15.5 M | 15.8 M | 15.3 M | 14.7 M | 14.2 M | 13.7 M | 13.2 M | 12.8 M | 11.8 M | 12.2 M | 11.8 M | 11.6 M | - |
Historical Prices |
33.2 | 33.2 | 25.1 | 25.1 | 34.4 | 31.1 | 29.9 | 31.7 | 27.2 | 27.8 | 20 | 19.3 | 17.8 | 15.7 | 14.7 | 19 | 19.7 | 16.6 |
Net Income |
44 M | 29.7 M | 30.1 M | 48.8 M | 49.9 M | 40.8 M | 37.5 M | 36.3 M | 29.3 M | 26.5 M | 24.7 M | 23.4 M | 21.8 M | - | 21.9 M | 21.9 M | 21.8 M | - |
Revenue |
- | - | - | - | - | 132 M | 117 M | 113 M | 105 M | 99.4 M | 94 M | 89.4 M | 84.3 M | - | 84 M | - | - | - |
Cost of Revenue |
56.3 M | 52.7 M | 47.7 M | 47 M | 44.8 M | 42.1 M | 38.4 M | 38.8 M | 37.7 M | 34.6 M | 33.1 M | 30.9 M | 31.2 M | 31.7 M | 30.2 M | 27.6 M | 27 M | - |
Gross Profit |
- | - | - | - | - | 112 M | 78.2 M | 74.2 M | 67.6 M | 64.8 M | 61 M | 58.5 M | 53.1 M | - | 53.8 M | - | - | - |
Interest Expense |
77 M | 83.3 M | 57.7 M | 11.3 M | 5.2 M | 12.7 M | 21.7 M | 12.5 M | 7.01 M | 5.36 M | 4.81 M | 5.77 M | 7.92 M | 12 M | 18.7 M | 23.7 M | 26.5 M | - |
EBITDA |
5.42 M | 5.36 M | 6.72 M | 7.55 M | 7.83 M | 3.69 M | 5.5 M | 4.75 M | 5.4 M | 5.94 M | 6.29 M | 7.04 M | 8.87 M | - | 6.51 M | 3.56 M | 2.81 M | - |
Operating Expenses |
- | - | - | - | - | 8.96 M | 91 M | 80 M | 72 M | 67 M | 64 M | 62 M | 61 M | 65 M | 71 M | - | - | - |
General and Administrative Expenses |
- | - | - | - | - | 44.8 M | 40.4 M | 48 M | 45.7 M | 42.9 M | 40.8 M | 38.4 M | 38.3 M | - | 31.5 M | - | - | - |
Annual performance
Select metrics to display
All numbers in USD currency
Quarterly Income Statement Arrow Financial Corporation
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
18.4 M | 16.4 M | 16.4 M | -38.3 K | 16.4 M | 16.5 M | 16.7 M | -6.82 K | 16.7 M | 16.7 M | 16.9 M | -11.7 K | 17 M | 17 M | 16.6 M | - | 17 M | 16.5 M | 16.5 M | - | 16.5 M | 16 M | 16 M | - | 15.9 M | 15.4 M | 15.4 M | - | 15.4 M | 14.9 M | 14.9 M | - | 14.9 M | 14.4 M | 14.4 M | - | 14.3 M | 13.9 M | 13.9 M | - | 13.8 M | 13.4 M | 13.3 M | - | 13.3 M | 12.9 M | 12.9 M | - | 12.9 M | 12.6 M | 12.6 M | - | 12.6 M | 12.3 M | 12.3 M | - | 12.3 M | 12 M | 12 M | - | 12 M | 11.7 M | 11.7 M |
Net Income |
5.67 M | 11 M | 13.5 M | 13.9 M | 12.8 M | 10.8 M | 6.31 M | 4.47 M | 8.98 M | 8.6 M | 7.66 M | - | 7.74 M | 6.05 M | 8.56 M | - | 12.2 M | 12 M | 12.6 M | - | 13 M | 13.3 M | 13.3 M | - | 11 M | 9.16 M | 8.13 M | - | 10.1 M | 8.93 M | 8.73 M | - | 9.26 M | 9.73 M | 8.53 M | - | 7.42 M | 7.21 M | 6.63 M | - | 6.74 M | 6.65 M | 6.55 M | - | 5.93 M | 6.3 M | 5.86 M | - | 6.15 M | 5.52 M | 5.32 M | - | 5.62 M | 5.21 M | 5.18 M | - | 5.75 M | 5.59 M | 5.29 M | - | 5.37 M | 5.85 M | 5.28 M |
Cost of Revenue |
19.4 M | 15.1 M | 14.9 M | 14.3 M | 14.3 M | 14.1 M | 13.6 M | 13.3 M | 13.4 M | 13 M | 12.9 M | 11.7 M | 12 M | 12 M | 11.9 M | - | 12.4 M | 11.7 M | 11.3 M | - | 11.4 M | 10.8 M | 11.1 M | - | 10.4 M | 10.2 M | 10.4 M | - | 10 M | 9.73 M | 9.32 M | - | 9.77 M | 9.81 M | 9.37 M | - | 9.38 M | 9.21 M | 9.15 M | - | 8.69 M | 8.41 M | 8.12 M | - | 8.7 M | 8.19 M | 7.69 M | - | 7.78 M | 7.88 M | 7.64 M | - | 7.86 M | 7.64 M | 7.62 M | - | 7.96 M | 7.79 M | 7.9 M | - | 7.93 M | 7.23 M | 7.2 M |
Operating Income |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.47 M | - |
Interest Expense |
19.3 M | 17.7 M | 17.7 M | 19.5 M | 19.5 M | 19 M | 19 M | 21.2 M | 21 M | 27.2 M | 20.2 M | 25.6 M | 25.4 M | 25.8 M | 8.02 M | - | 3.31 M | 29 M | 1.12 M | - | 1.17 M | 28.4 M | 1.54 M | - | 2.4 M | 3.16 M | 5.22 M | - | 5.65 M | 5.52 M | 5.09 M | - | 3.5 M | 2.63 M | 2.02 M | - | 1.95 M | 1.7 M | 1.54 M | - | 1.4 M | 1.28 M | 1.26 M | - | 1.25 M | 1.24 M | 1.09 M | - | 1.4 M | 1.56 M | 1.59 M | - | 1.75 M | 2.22 M | 2.24 M | - | 2.64 M | 3.28 M | 3.53 M | - | 4.34 M | 4.98 M | 5.34 M |
EBITDA |
- | 2.58 M | 1.25 M | - | 1.51 M | - | - | - | 1.36 M | - | - | - | 1.53 M | - | - | - | 5.84 M | - | 1.94 M | - | 5.89 M | - | 1.95 M | - | 4.67 M | 3.5 M | 1.6 M | - | 3.99 M | 2.52 M | 1.31 M | - | 3.58 M | 2.41 M | 1.2 M | - | 4.25 M | 2.99 M | 1.52 M | - | 4.6 M | 3.11 M | 1.58 M | - | 4.84 M | 3.27 M | 1.63 M | - | 5.62 M | 3.85 M | 1.96 M | - | 6.91 M | 4.78 M | 2.37 M | - | 6.56 M | 4.36 M | 2.04 M | - | 4.6 M | 11.4 M | 1.41 M |
Quarterly performance
Select metrics to display
All numbers in USD currency
The income statement is one of the three key financial reports of a company Arrow Financial Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.