Arrow Financial Corporation
AROW · Price history
Price at last available close
$38.74
+$0.95 (+2.51%) 1M
2026-10-28
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Company & revenue
About Arrow Financial Corporation
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Arrow Financial Corporation functions as a bank holding company, delivering a comprehensive suite of commercial and consumer banking services, alongside various financial products. Its core deposit offerings include conventional options like demand accounts, interest-bearing checking accounts, savings accounts, and diverse time deposits. The company's lending portfolio features commercial credit facilities such as term loans, time-based notes, and revolving lines of credit.
How they make money
Arrow Financial Corporation operates as a bank holding company that generates revenue primarily through net interest income, which is the difference between interest earned on loans and investment securities and interest paid on deposits and other borrowings. Additionally, the company earns noninterest income through service charges on deposit accounts, trust and investment services, insurance agency commissions, and other financial fees.
Products & services
The company provides a range of commercial and consumer banking services, including checking and savings accounts, money market accounts, mortgage loans, commercial loans, consumer loans, wealth management, and insurance services.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
No supplier relationships were confirmed in the sources reviewed. This does not mean the company has no suppliers.
Strengths
- Conservative business model and strategy of steady growthSource
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Quarterly revenue fell 59.0% versus the same quarter last year.
Check comparable business scope and currency, then separate volume, pricing and divestitures. One weaker quarter does not establish that the same decline will continue.
Total debt increased 898.2% versus the same quarter last year.
Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
50
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
46
Weak
Financial Strength
32
Business Quality / Moat
53
Management
76
Growth Quality
10
Risk / Durability
61
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
74
Fair
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
66/100
Building Historical Record
Model Score 66/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as relatively attractive.
The model outlook is currently moderate.
- •Valuation scores attractively
- •Recent buyback activity is present
- •Debt service risk
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for AROW
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving AROW's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •Is AROW's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is AROW's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •Is AROW's valuation discount tied to a temporary concern or to a longer-term business risk?
- •What does the current fundamental change risk warning mean for the reliability or interpretation of AROW's score?
Essential Investment Snapshot
Wall Street Score
50
Opportunity Score
74
Market Cap
$713.5M
P/E Ratio
11.8
EPS
$3.12
52-Week High
$42.70
52-Week Low
$25.88
Beta
0.73
Intrinsic Value
$118.55
Analyst Target
$45.00
Shares Outstanding
16.5M
Total Revenue
$211.9M
Total Debt
$335.1M
Dividend Yield (TTM)
3.09%
Liquidation Value / Share
$27.03
Dividend / Share (TTM)
$1.19
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for AROW
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Debt service risk
Interest coverage is low (~0.7x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total callsNo personal call yet on AROW.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Conservative business model and strategy of steady growth.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Banks - Regional industry.
- −Interest rate risk.
- −Credit risk associated with loan portfolio.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
6 historical score records availablePrevious Score
52
Sep 8, 2026
Change
-2.1
points
Current Score
50
Oct 1, 2026
Category Changes
AROW decreased 2.1 points because some fundamentals weakened.
Projected Score
Projected Score
51
Projected Change
+1.0 points
Preliminary comparable-period financial changes suggest improvement of approximately 1.0 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Review model assumptionsThis model estimate is more than three times the share price.
This is a formula-based estimate, not a verified fair value or price target. Check the earnings and growth assumptions.
Stored EPS: $3.12 · Growth assumption: 12.5% · Earnings multiplier: 33.5×.
Current Price
$38.52
Model Intrinsic Value
$118.55
Difference
−$80.03
-67.5% vs IV
Margin of Safety
67.5%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $211.9M | $242.6M | $223.1M | $191.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $77.0M | $84.3M | $88.4M | $61.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $134.8M | $158.3M | $134.6M | $130.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $81.2M | $84.8M | $56.7M | $50.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $100.5M | $102.9M | $97.3M | $93.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $37.1M | $60.8M | $42.7M | $44.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $34.3M | $55.4M | $37.4M | $37.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $74.3M | $77.0M | $83.3M | $57.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $64.6M | $55.4M | $37.4M | $37.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $13.3M | $11.4M | $7.6M | $7.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $51.3M | $44.0M | $29.7M | $30.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $3.12 | $2.66 | $1.78 | $1.77 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 16.41M | 16.50M | 16.74M | 17.04M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 16.44M | 16.51M | 16.75M | 17.04M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$24.2M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.67
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+898.2%
Cash Change
-88.5%
Margin Change
+27.0 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
What Weakened
- Cash position declined
- Debt increased
Potential Score Impact
Positive indicators included EPS growth, net income margin. Pressure indicators included revenue growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 59.0%. EPS increased 3.1%. Cash declined 88.5%. Total debt increased 898.2%. Net income margin improved by 27.0 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
6 historical recordsHistorical Score Chart
3 of 6 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · AROW
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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