Arrow Financial Corporation (AROW) — Financial statements
Income statement, balance sheet, and cash flow for Arrow Financial Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 243↑8.7% | 223↑16.4% | 192↑19.4% | 161↑8.5% | 148 | |
| Cost of Revenue | 84↓4.7% | 88↑44.7% | 61↑279.4% | 16↑194.6% | 5 | |
| Gross Profit | 158↑17.6% | 135↑3.1% | 131↓9.6% | 144↑1.4% | 142 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 85↑52.9% | 55↑11.6% | 50↑3.2% | 48↑5.1% | 46 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 1↑6.8% | 1↓1.4% | 1↑9.9% | 1 | |
| SG&A Expenses | 85↑49.5% | 57↑11.5% | 51↑3.1% | 49↑5.2% | 47 | |
| Other Expenses | 18↓55.4% | 41↓3.9% | 42↑31.1% | 32↑3.3% | 31 | |
| Operating Expenses | 103↑5.8% | 97↑4.5% | 93↑14.1% | 82↑4.5% | 78 | |
| Total Costs & Expenses | 187↑0.8% | 186↑20.5% | 154↑57.9% | 98↑16.9% | 84 | |
| Operating Results | ||||||
| Operating Income | 55↑48.3% | 37↓0.4% | 38↓40.4% | 63↓2.3% | 64 | |
| Depreciation & Amortization | 0.00↓100.0% | 5↓20.2% | 7↓11.0% | 8↓3.6% | 8 | |
| EBITDA | 55↑29.7% | 43↓3.4% | 44↓37.2% | 70↓2.4% | 72 | |
| EBIT | 55↑48.3% | 37↓0.4% | 38↓40.4% | 63↓2.3% | 64 | |
| Interest & Other Income | ||||||
| Net Interest Income | 133↑19.2% | 112↑6.6% | 105↓11.4% | 118↑7.2% | 110 | |
| Interest Income | 210↑7.8% | 195↑19.9% | 163↑25.4% | 130↑12.2% | 116 | |
| Interest Expense | 77↓7.5% | 83↑44.2% | 58↑410.5% | 11↑117.7% | 5 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 55↑48.3% | 37↓0.4% | 38↓40.4% | 63↓2.3% | 64 | |
| Income Tax Expense | 11↑49.5% | 8↑2.7% | 7↓47.3% | 14↓3.0% | 15 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 44↑47.9% | 30↓1.2% | 30↓38.4% | 49↓2.1% | 50 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 44↑47.9% | 30↓1.2% | 30↓38.4% | 49↓2.1% | 50 | |
| Bottom-Line Net Income | 44↑47.9% | 30↓1.2% | 30↓38.4% | 49↓2.1% | 50 | |
| EPS (Basic) | 2.66↑49.4% | 1.78↑0.6% | 1.77↓38.3% | 2.87↓2.0% | 2.93 | |
| EPS (Diluted) | 2.65↑49.7% | 1.77↑0.0% | 1.77↓38.1% | 2.86↓2.1% | 2.92 | |
| Weighted Average Shares | 17↓1.4% | 17↓1.7% | 17↑0.2% | 17↑0.1% | 17 | |
| Weighted Average Diluted Shares | 17↓1.4% | 17↓1.7% | 17↓0.1% | 17↑0.0% | 17 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.