Arrow Financial Corporation (NASDAQ: AROW) |
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Price: $26.8900
$-0.62
-2.236%
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Day's High:
| $28.01
| Week Perf:
| 3.26 %
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Day's Low: |
$ 26.71 |
30 Day Perf: |
0.82 % |
Volume (M): |
44 |
52 Wk High: |
$ 34.63 |
Volume (M$): |
$ 1,175 |
52 Wk Avg: |
$27.14 |
Open: |
$28.01 |
52 Wk Low: |
$21.50 |
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Market Capitalization (Millions $) |
450 |
Shares
Outstanding (Millions) |
17 |
Employees |
537 |
Revenues (TTM) (Millions $) |
136 |
Net Income (TTM) (Millions $) |
74 |
Cash Flow (TTM) (Millions $) |
45 |
Capital Exp. (TTM) (Millions $) |
5 |
Arrow Financial Corporation
Arrow is a two-bank holding company headquartered in Glens Falls, New York.
Our banking subsidiaries are Glens Falls National Bank and Trust Company (Glens
Falls National) whose main office is located in Glens Falls, New York, and Saratoga
National Bank and Trust Company (Saratoga National) whose main office is located
in Saratoga Springs, New York. Active subsidiaries of Glens Falls National include
Capital Financial Group, Inc. (an insurance agency specializing in selling and
servicing group health care policies and life insurance), Upstate Agency, LLC
(a property and casualty insurance agency), Glens Falls National Insurance Agencies,
LLC (a property and casualty insurance agency - currently doing business under
the name of McPhillips Insurance Agency), North Country Investment Advisers,
Inc. (a registered investment adviser that provides investment advice to our
proprietary mutual funds) and Arrow Properties, Inc. (a real estate investment
trust, or REIT). Our holding company also owns directly two subsidiary business
trusts, organized in 2003 and 2004 to issue trust preferred securities (TRUPs),
which are still outstanding.
Our holding company, Arrow Financial Corporation, a New York corporation, was
incorporated on March 21, 1983 and is registered as a bank holding company within
the meaning of the Bank Holding Company Act of 1956. Arrow owns two nationally
chartered banks in New York (Glens Falls National and Saratoga National), and
through such banks indirectly owns various non-bank subsidiaries, including
three insurance agencies, a registered investment adviser and a REIT.
We offer a full range of commercial and consumer banking and financial products.
Our deposit base consists of deposits derived principally from the communities
we serve. We target our lending activities to consumers and small and mid-sized
companies in our immediate geographic areas. Through our banks trust operations,
we provide retirement planning, trust and estate administration services for
individuals, and pension, profit-sharing and employee benefit plan administration
for corporations.
Arrow engages in a wide range of lending activities, including commercial and
industrial lending primarily to small and mid-sized companies; mortgage lending
for residential and commercial properties; and consumer installment and home
equity financing. We also maintain an active indirect lending program through
our sponsorship of automobile dealer programs under which we purchase dealer
paper, primarily from dealers that meet pre-established specifications. From
time to time we sell a portion of our residential real estate loan originations
into the secondary market, primarily to the Federal Home Loan Mortgage Corporation
("Freddie Mac") as well as a limited number of other financial institutions
and governmental agencies. Normally, we retain the servicing rights on mortgage
loans originated and sold by us into the secondary markets, subject to our periodic
determinations on the continuing profitability of such activity.
Generally, we continue to implement lending strategies and policies that are
intended to protect the quality of the loan portfolio, including strong underwriting
and collateral control procedures and credit review systems. Loans are placed
on nonaccrual status either due to the delinquency status of principal and/or
interest or a judgment by management that the full repayment of principal and
interest is unlikely. Home equity lines of credit, secured by real property,
are systematically placed on nonaccrual status when 120 days past due, and residential
real estate loans when 150 days past due. Commercial and commercial real estate
loans are evaluated on a loan-by-loan basis and are placed on nonaccrual status
when 90 days past due if the full collection of principal and interest is uncertain.
(See Part II, Item 7.C.II.c. "Risk Elements.") Subsequent cash payments
on loans classified as nonaccrual may be applied all to principal, although
income in some cases may be recognized on a cash basis.
Company Address: 250 Glen Street Glens Falls 12801 NY
Company Phone Number: 745-1000 Stock Exchange / Ticker: NASDAQ AROW
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Customers Net Income grew by |
AROW's Customers Net Profit Margin grew to |
15.3 % |
6.92 %
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Stock Performances by Major Competitors |
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Arrow Financial Corporation
The financial first quarter of 2024 was a disappointing period for Arrow Financial Corporation, as the company witnessed a significant decrease in its income and a moderate elevation in revenue. Despite a revenue elevation of 1.442%, the company could not prevent a staggering income contraction of -13.46% in comparison to the same reporting period a year before. This is a clear indication that the company is struggling to maintain its profitability and financial performance. During this period, Arrow Financial Corporation reported revenue of $33.70 million and earnings per share (EPS) of $0.45. While revenue showed a slight improvement, the EPS results were concerning and reflected a decline in the company's profitability. Moreover, the company's business gains were below the average of the Commercial Banks sector, with a growth rate of only 1.56% compared to the same period a year ago.
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Arrow Financial Corporation
Over the past week, Arrow Financial Corporation has experienced a decline in its share price of -2.65%. This drop contributes to a year-to-date performance decrease of -31.84% for the company. However, it is worth noting that Arrow Financial Corporation shares still trade 39.1% above their 52-week low. In the most recent fiscal period, Arrow Financial Corporation, also known as AROW, reported disappointing financial results. The company witnessed a decrease of -37.84% in income per share and a -10.71% decline in revenue year-on-year. The revenue for this period amounted to $33.05 million compared to $37.01 million in the previous year. Additionally, the earnings per share (EPS) dropped from $0.74 to $0.46 during the financial timeframe ending on September 30, 2022. It is important to highlight that despite these negative results, the overall Commercial Banks industry has demonstrated improvement in its top-line performance during the third quarter of 2023. In comparison to the previous three months, bottom-line growth has reached 27.78% with EPS increasing from $0.36 to $0.46 per share. Furthermore, revenue advanced by 4.157% from $31.73 million.
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Arrow Financial Corporation
Arrow Financial Corporation, a leading commercial bank, recently reported concerning financial results for the second quarter of 2023. The company experienced a significant drop in both its top and bottom lines, marking a departure from the positive trend observed within the commercial banking sector. This article aims to analyze the implications of these results and discuss their potential impact on the company's future. Key Findings: 1. A 52% plunge in earnings per share (EPS): Arrow Financial Corporation's EPS plummeted from $0.75 in the second quarter of the previous year to just $0.36 in the same period of 2023. This sharp decline may raise concerns among investors and analysts, indicating possible underlying issues affecting the company's profitability.
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Arrow Financial Corporation
Arrow Financial Corporation has witnessed a steady increase in its shares over the past month and 12 months, indicating positive investor sentiment. However, a closer look at the company's financial results for the period ending March 31, 2023, presents a more nuanced picture. This article aims to analyze the key factors contributing to the recent drop in earnings, revenue, and profitability for Arrow Financial Corporation, and speculate on their potential impact on the company's future prospects. 1. Declining Earnings and Revenue: The financial period ending March 31, 2023, witnessed a significant dip in the company's earnings per share (EPS), which dropped by -33.33% to $0.52 compared to $0.78 in the previous year. Moreover, the income faded by -22.45%, falling from $0.67 per share in the preceding reporting season. The company's revenue also experienced a decline, decreasing by -5.682% to $33.22 million compared to $35.22 million a year prior.
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Per Share |
Current |
Earnings (TTM) |
1.92 $ |
Revenues (TTM) |
8.13 $
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Cash Flow (TTM) |
2.71 $ |
Cash |
3.22 $
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Book Value |
23.49 $
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Dividend (TTM) |
1.08 $ |
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Per Share |
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Earnings (TTM) |
1.92 $
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Revenues (TTM) |
8.13 $ |
Cash Flow (TTM) |
2.71 $ |
Cash |
3.22 $
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Book Value |
23.49 $ |
Dividend (TTM) |
1.08 $ |
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