Arrow Financial Corp (AROW)
Operating cash flow minus capital spending left $36.2M of free cash flow in fiscal 2025. At September 30, 2026 it held $378.8M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 9, 2026.
Key facts about Arrow Financial Corp
- Net worth
- Arrow Financial Corp has a market value (market cap) of $711.5M at the latest share price, and shareholders' equity of $515.1M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Cash flow
- In fiscal 2025 operations brought in $41.3M of cash; after $5.1M of capital spending, free cash flow was $36.2M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 9, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Arrow Financial Corp's next report is expected around January 28, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Arrow Financial Corp declared dividends of $1.14 per share in fiscal 2025, a yield of 2.97% at the current price.
What Arrow Financial Corp does
Arrow Financial Corp is registered with the SEC under industry code SIC 6021 (National Commercial Banks). Its shares trade on NASDAQ under the ticker AROW.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | n/a | $44M | $2.65 | $36.2M |
| 2024 | n/a | $29.7M | $1.77 | $28.9M |
| 2023 | n/a | $30.1M | $1.77 | $13.5M |
| 2022 | n/a | $48.8M | $2.86 | $45.5M |
| 2021 | n/a | $49.9M | $2.92 | $61.1M |
| 2020 | n/a | $40.8M | $2.49 | $37.2M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Dividends
Arrow Financial Corp declared $1.14 per share in fiscal 2025. At the current price that is a yield of 2.97%. It paid out $18.9M in cash dividends, 43% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.14 | $18.9M | 43% |
| 2024 | $1.09 | $18.3M | 62% |
| 2023 | $1.06 | $18M | 60% |
| 2022 | $1.03 | $17.4M | 36% |
| 2021 | $0.96 | $16.3M | 33% |
| 2020 | $0.96 | $15.7M | 39% |
Latest SEC filings
What Arrow Financial Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026
- October 29, 2026
- October 26, 2026Form 13F-HR filing 13F-HR
- September 14, 2026Exhibits 8-K/A
- September 10, 2026Other event 8-K
- August 6, 2026
- July 31, 2026Form 13F-HR filing 13F-HR
- July 23, 2026
- July 14, 2026
- July 1, 2026
Insider trades
What the people running Arrow Financial Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 23 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 5, 2026 | Casaccio Tenee RDirector | Exercised options | 1,231 | $37.3K |
| November 5, 2026 | Casaccio Tenee RDirector | Shares withheld for tax | 964 | $37.2K |
| September 23, 2026 | Kruczlnicki David GDirector | Other change | 228 | $8.4K |
| September 23, 2026 | Champion Gregory JDirector | Other change | 423 | $15.6K |
| September 23, 2026 | O'Conor Raymond FDirector | Other change | 203 | $7.5K |
| September 23, 2026 | Read Colin LDirector | Other change | 194 | $7.2K |
| September 23, 2026 | Casaccio Tenee RDirector | Other change | 304 | $11.2K |
| September 23, 2026 | Behan MarkDirector | Other change | 211 | $7.8K |
Who owns AROW
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 146 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Arrow Financial Corp | 1,859,963 | -18,876 |
| BlackRock, Inc. | 1,399,785 | +148,528 |
| Dimensional Fund Advisors LP | 725,492 | -4,979 |
| Rhino Investment Partners, Inc | 847,563 | new |
| Vanguard Capital Management LLC | 623,719 | -13,808 |
| State Street Corp | 490,098 | +151,943 |
| American Century Companies Inc | 432,990 | +89,734 |
| Geode Capital Management, LLC | 409,589 | +38,798 |
| Morgan Stanley | 224,482 | +46,673 |
| Hotchkis & Wiley Capital Management LLC | 189,939 | +3,700 |
| Renaissance Technologies LLC | 186,721 | -43,563 |
| Arrowstreet Capital, Limited Partnership | 149,239 | +34,790 |
| Two Sigma Investments, LP | 144,861 | +58,344 |
| Northern Trust Corp | 141,937 | +8,466 |
| Vanguard Portfolio Management LLC | 136,862 | +15,287 |
| Charles Schwab Investment Management Inc | 125,799 | +3,538 |
| Connor, Clark & Lunn Investment Management Ltd. | 121,870 | +18,610 |
| Rockefeller Capital Management L.P. | 120,712 | +407 |
| Aqr Capital Management LLC | 116,804 | +19,777 |
| Goldman Sachs Group Inc | 99,248 | +3,835 |
Insiders
19 insiders reported holding 471,408 shares in total, about $18.1M at the last price.
| Holder | Shares |
|---|---|
| DeMarco David S.President & CEO | 98,8613,035 held indirectly |
| Kruczlnicki David GDirector | 60,847 |
| Miller ElizabethDirector | 40,576 |
| Read Colin LDirector | 33,777 |
| O'Conor Raymond FDirector | 31,148 |
| Ivanov Penko KrassimirSEVP, Treasurer and CFO | 31,045 |
| Casaccio Tenee RDirector | 29,436 |
| Wise Andrew JSEVP, Chief Risk Officer | 25,818 |
| Dawsey James MDirector | 21,137 |
| Arcuri Rocco F Sr.Director | 16,066 |
Questions about AROW
What does Arrow Financial Corp do?
Arrow Financial Corp is a company in the Finance sector, listed on NASDAQ as AROW. Its shares trade on NASDAQ under the ticker AROW.
What is Arrow Financial Corp's net worth?
Arrow Financial Corp has a market value (market cap) of $711.5M at the latest share price, and shareholders' equity of $515.1M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Arrow Financial Corp profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $44.2M.
When did Arrow Financial Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 9, 2026. It covers the period to September 30, 2026.
When is Arrow Financial Corp's next earnings report?
Arrow Financial Corp's next report is expected around January 28, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Arrow Financial Corp pay a dividend?
Yes. Arrow Financial Corp declared dividends of $1.14 per share in fiscal 2025, a yield of 2.97% at the current price.
Similar companies
Compare AROW with
Follow AROW
Get an email when Arrow Financial Corp files with the SEC: results, executive changes, material agreements and annual reports.
Where the numbers come from
Financial figures are the values Arrow Financial Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.