ARROW FINANCIAL CORP
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Interest expense | $77.0M | $83.3M | $57.7M | $11.3M | $5.2M |
| Income tax expense | $11.4M | $7.6M | $7.4M | $14.1M | $14.5M |
| Net income | $44.0M | $29.7M | $30.1M | $48.8M | $49.9M |
| Balance Sheet | |||||
| Total assets | $4.4B | $4.3B | $4.2B | $4.0B | $4.0B |
| Total liabilities | $4.0B | $3.9B | $3.8B | $3.6B | $3.7B |
| Stockholders' equity | $431.9M | $400.9M | $379.8M | $353.5M | $371.2M |
| Cash Flow Statement | |||||
| Cash from operations | $41.3M | $34.5M | $20.6M | $59.7M | $68.2M |
| Depreciation and amortization | $4.7M | $4.4M | $3.8M | $3.3M | $3.0M |
| Stock-based compensation | $683,000 | $314,000 | $605,000 | $451,000 | $414,000 |
| Capital expenditure | $5.1M | $5.6M | $7.1M | $14.2M | $7.1M |
| Free cash flow | $36.2M | $28.9M | $13.5M | $45.5M | $61.1M |
| Dividends paid | $18.9M | $18.3M | $18.0M | $17.4M | $16.3M |
| Share repurchases | $10.2M | $6.8M | $3.6M | $2.9M | $2.7M |
| Impairments | — | $0 | $0 | $0 | $0 |
Shares outstanding 16.5M · Free float 96.5%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.