Start here if you're new
what it is
Arrow Financial is a regional bank that takes deposits, makes loans, and sells trust and insurance services in upstate New York.
how it gets paid
Last year Arrow Financial made n/a in revenue. residential and commercial mortgages was the main engine at n/a, or 30% of sales.
what just happened
Latest quarter revenue reached $54M, while reported EPS data shows a sharp rebound versus last year.
At a glance
B+ balance sheet — decent shape, but not bulletproof
80/100 earnings predictability — you can trust these numbers
15.7x trailing p/e — the market's not buying it — or you found a deal
3.7% dividend yield — cash in your pocket every quarter
$1.77 fy2024 eps est
xvary composite: 66/100 — average
What they do
Arrow Financial is a regional bank that takes deposits, makes loans, and sells trust and insurance services in upstate New York.
This is a local bank with physical reach. Arrow has 38 branches in upstate New York, which matters when your customers want a lender they already know. Community banking moat → local relationships and distribution → so what: your deposits and loans are harder to pry away than a rate table suggests.
How they make money
n/a
annual revenue
commercial and industrial loans
n/a
residential and commercial mortgages
n/a
consumer installment and home equity loans
n/a
deposit products
n/a
trust and insurance services
n/a
The products that matter
business loans and treasury services
commercial lending
$0.85 q4 eps · core earnings engine
this is where the current earnings base comes from. if credit costs stay controlled, the franchise that produced $0.85 in Q4 EPS has something real to build on.
core business
investment and trust services
wealth management
21.8% margin · fee support
fee income matters more when loan spreads get squeezed. with a 21.8% net profit margin today, you want this business helping offset any post-deal expense creep.
diversifier
deposits and household lending
consumer banking and deposits
nearly $1B assets incoming · funding test
deposits are the cheap funding every bank wants. they matter even more when you are trying to absorb nearly $1B of new assets without breaking the earnings profile.
watch deposits
Key numbers
80
earnings steadiness
Earnings predictability → how steady profits have been historically → so what: Arrow's score is 80, which says profits have been fairly consistent for a small bank.
3.7%
dividend yield
Yield → cash paid to shareholders each year relative to the stock price → so what: with EPS stuck at $1.77 in 2023 and 2024, your return leans on the payout.
$34M
long-term debt
Long-term debt → borrowed money due over many years → so what: $34 million is just 6% of capital, which gives this bank some balance-sheet breathing room.
15.7x
trailing p/e
P/E → stock price divided by past earnings → so what: you are paying a middle-of-the-road multiple for a bank with flat recent EPS.
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 2 — safer than 80% of stocks
- price stability 70 / 100
- long-term debt $34M (6% of capital)
B+ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for AROW right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Latest quarter revenue reached $54M, while reported EPS data shows a sharp rebound versus last year.
EDGAR lists the latest quarter at $54 million of revenue, up 97% vs. prior year, and EPS of $1.80, up 134%. Consensus separately lists last earnings at $0.78, so you should treat the quarter's EPS figure with caution until filings line up.
$54M
revenue
$1.80
eps
n/a
n/a
the number that mattered
$54 million matters most because small banks live and die by steady revenue, and this quarter nearly doubled from the prior year.
source: company earnings report, 2026
Get this snapshot in your inbox
This page, delivered free — plus weekly updates when the numbers change. plain english, no spam.
weekly updates
earnings alerts
plain english
no spam
What could go wrong
the #1 risk is Adirondack Bancorp integration on nearly $1B of incoming assets.
med
Adirondack integration misses the numbers
The $89.1M deal is large next to a bank worth about $536M. If customer retention, cost saves, or credit quality disappoint, the new scale shows up as noise instead of better earnings.
Nearly $1B of added assets magnifies both the upside and the room for error.
med
Current profitability turns out to be the high-water mark
A 21.8% net profit margin looks strong for a regional bank. If post-deal expenses rise faster than revenue, that margin stops being proof of efficiency and starts looking like the peak.
At 15.7x earnings, even a modest drop in profitability can re-rate the stock lower.
med
Upstate New York concentration cuts both ways
You are still tied to one regional footprint. If local credit conditions weaken, it can pressure loans, deposits, and fee income at the same time.
The bank does not have the geographic diversification larger peers use to smooth out local weakness.
If nearly $1B of added assets does not lift earnings above the current $0.85 quarterly run-rate, you get a larger bank with thinner economics. That is not the same thing as value.
source: institutional data · regulatory filings · risk analysis
Pay attention to
deal timing
Adirondack merger close
Watch the close timing and the first hard integration targets. An $89.1M deal does not get graded on ceremony. It gets graded on the next few quarters.
metric
quarterly EPS versus $0.85
This is the clean scoreboard. If EPS stalls at the old run-rate after the bank gets bigger, the thesis starts leaking.
trend
net profit margin
A 21.8% margin gives management something worth defending. Bigger assets with thinner profitability is not the kind of growth you want.
calendar
next earnings report
Scheduled for April 28, 2026. You want direct answers on integration costs, deposit stability, and whether the earnings bridge still points up.
Analyst rankings
earnings predictability
80 / 100
Results have been relatively steady. in human-speak, this bank usually behaves itself. That matters because a merger is the fastest way to turn a steady story into a noisy one.
source: institutional data
Institutional activity
institutional ownership data for AROW is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$33
current price
n/a
target midpoint · n/a from current
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
see plans from $5/moThe deep dive