Arrow Financial (AROW)

Company Profile

arrow financial corporation, a bank holding company, provides commercial and consumer banking, and financial products and services. the company's deposit products include demand deposits, interest-bearing checking accounts, savings deposits, time deposits, and other time deposits. its lending activities comprise commercial loans, such as term loans, time notes, and lines of credit; and commercial real estate loans to finance real estate purchases, refinancing, expansions, and improvements to commercial properties, as well as commercial construction and land development loans to finance projects. the company's lending activities also include consumer installment loans to finance personal expenditures, personal lines of credit, overdraft protection, and automobile loans; and residential real estate loans, fixed home equity loans, and home equity lines of credit for consumers to finance home improvements, debt consolidation, education, and other uses. in addition, it maintains an indirect

Company profile

Ticker

AROW

Exchange

NASDAQ

Website

www.arrowfinancial.com/

CEO

Thomas Murphy

Incorporated

New York

Location

New York

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

National Commercial Banks

Citigroup • U.S. Bancorp. • PNC Financial Services • Capital One Financial • Shinhan Financial • JPMorgan Chase & Co. • Regions Financial • Keycorp • Santander Holdings USA • Comerica ...

Former names

ARROW BANK CORP

SEC CIK

0000717538

Corporate docs

Articles of Incorporation & Bylaws

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Glens Falls National Bank and Trust Company • A Nationally Chartered Commercial Bank • Saratoga National Bank and Trust Company • A Non-deposit Trust Company • Arrow Properties, Inc. • North Country Investment Advisers, Inc. • A New York Corporation • NC Financial Services, Inc. • Glens Falls National Community Development Corporation • Upstate Agency, LLC ...

IRS number

222448962

AROW stock data

1M 1Y 5Y

Latest filings (excl ownership)

View all

S-8

Registration of securities for employees

7 Dec 23

S-8

Registration of securities for employees

9 Nov 23

Submission of Matters to a Vote of Security Holders

27 Oct 23

8-K

Arrow Declares December 2023 Cash Dividend; Announces Resumption of Dividend Reinvestment Plan and Expansion of Its Stock Repurchase Program

26 Oct 23

8-K

Today’s Agenda Welcome Arrow Overview Business Meeting Financials Strategic Focus Closing

25 Oct 23

8-K

Loans of $3.1 Billion on 9% Annualized Loan Growth

24 Oct 23

ARS

2022 FY

Annual report to shareholders

13 Sep 23

DEFA14A

Additional proxy soliciting materials

13 Sep 23

Latest ownership filings

View all

Quarterly holdings report by institutional manager

Financial summary

Financial statements Chart AROW financial data

Quarter (USD)	Sep 23	Jun 23	Mar 23	Dec 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	294.74 mm	294.74 mm	294.74 mm	294.74 mm	294.74 mm	294.74 mm
Cash burn (monthly)	(no burn)	6.56 mm	8.30 mm	8.67 mm	(no burn)	(no burn)
Cash used (since last report)	n/a	15.50 mm	19.61 mm	20.50 mm	n/a	n/a
Cash remaining	n/a	279.24 mm	275.13 mm	274.24 mm	n/a	n/a
Runway (months of cash)	n/a	42.6	33.2	31.6	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2023

AROW institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	442	457	-3.3%
Opened positions	53	56	-5.4%
Closed positions	68	60	+13.3%
Increased positions	126	110	+14.5%
Reduced positions	188	216	-13.0%

13F shares	Current	Prev Q	Change
Total value	6.49 tn	7.45 tn	-12.9%
Total shares	51.74 mm	52.12 mm	-0.7%
Total puts	19.90 k	3.10 k	+541.9%
Total calls	24.10 k	17.80 k	+35.4%
Total put/call ratio	0.8	0.2	+374.1%

Largest owners	Shares	Value	Change
BLK Blackrock	7.64 mm	$957.04 bn	-0.5%
Vanguard	6.40 mm	$802.11 bn	-0.4%
LSV Asset Management	2.57 mm	$321.92 bn	-1.7%
STT State Street	2.52 mm	$315.90 bn	-0.2%
Dimensional Fund Advisors	2.43 mm	$304.27 bn	-3.8%
Aqr Capital Management	1.96 mm	$245.12 bn	+2.3%
Greenhaven Associates	1.76 mm	$220.06 bn	+17.3%
Cooke & Bieler	1.73 mm	$216.71 bn	-25.1%
AMP Ameriprise Financial	1.16 mm	$145.24 bn	+42.9%
Earnest Partners	1.15 mm	$144.02 bn	+5.6%

Largest transactions	Shares	Bought/sold	Change
Cooke & Bieler	1.73 mm	-578.99 k	-25.1%
DnB Asset Management AS	472.19 k	+472.19 k	NEW
Caisse De Depot Et Placement Du Quebec	946.40 k	+380.38 k	+67.2%
Millennium Management	25.25 k	-362.81 k	-93.5%
AMP Ameriprise Financial	1.16 mm	+349.56 k	+42.9%
Greenhaven Associates	1.76 mm	+259.09 k	+17.3%
Polaris Capital Management	263.50 k	-229.50 k	-46.6%
IVZ Invesco	826.10 k	+226.77 k	+37.8%
Glenmede Trust Co Na	3.53 k	-203.72 k	-98.3%
Amundi	437.45 k	+183.51 k	+72.3%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

AROW insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
28 Nov 23	Andrew J Wise	Common Stock	Buy	Acquire P	No	No	24.76	1,000	24.76 k	8,684
22 Nov 23	Andrew J Wise	Common Stock	Buy	Acquire P	No	No	24.49	1,000	24.49 k	7,684
3 Nov 23	David D Kaiser	Common Stock	Buy	Acquire P	Yes	No	23.25	1,075	24.99 k	5,982
3 Nov 23	Read Colin L	Common Stock	Buy	Acquire P	Yes	No	22.84	1,876	42.85 k	3,020
2 Nov 23	Read Colin L	Common Stock	Buy	Acquire P	Yes	No	21.795	1,144	24.93 k	1,144
1 Nov 23	Owens William L	Common Stock	Buy	Acquire P	No	No	21.27	710	15.10 k	14,789

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

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Arrow Declares December 2023 Cash Dividend Of $0.27; Announces Resumption Of Dividend Reinvestment Plan And Expansion Of Its Stock Repurchase Program

26 Oct 23