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AROW
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AROWArrow Financial Corporation
$38.47$636M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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AROW logo

Arrow Financial Corporation

AROW
NASDAQ · Regional Banks
$38.47
At close - Nov 6, 4:00 PM EST - USD
Market Cap$636M
P/E16.1x
52W High$42.70
Volume54.97K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Credit Event and NIM Compression Cloud Growth

Arrow Financial's net interest income has shown strong growth, rising 15.2% YoY in 2026Q1, but the sharp reversal to -$71.5M in 2026Q2 suggests funding cost pressures are overwhelming asset yields, with NIM stagnant at 0.7-0.8%.

GrowthMixed
ProfitabilityStrained
ValuationAttractive
TechnicalsHealthy
Explore valuation models
MARKET ACTION

AROW price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

+27% Peers

P/E is 27% above peer median

03

Market leadership

RS 66 · Avg

Average momentum (RS Rating: 66)

04

Healthy Uptrend

Uptrend

Price > 50DMA > 200DMA

Next CatalystEstimated earnings · Jan 29

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
AROW+25.78%
S&P 500 (^GSPC)+7.63%
1-Year Return
AROW+31.54%
S&P 500 (^GSPC)+9.69%
3-Year Return
AROW+76.00%
S&P 500 (^GSPC)+68.19%
5-Year Return
AROW+24.47%
S&P 500 (^GSPC)+56.33%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
16.1x
Forward P/EExpansion
10.8x
EV/EBITDA100th %ile
13.3x
FCF YieldCash Flow
5.7%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
16.1x
11.8x
80th· High
EV/EBITDA
13.3x
8.5x
100th· High
Price/FCF
17.6x
14.3x
80th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$166M+18.4% YoY
Net income FY25
$44M+47.9% YoY
Free cash flow FY25
$36M+25.3% YoY
Operating margin FY25
33.4%+6.7 pts YoY
ROIC (FY25)9.3%
Avg ROIC 5Y8.7%
ROE (TTM)9.6%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (42%)
Revenue Beat Rate6/12 (50%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 29, 2026
$0.97+3.6%
vs $0.94
$60M+4.0%
vs $58M
Q3 2026
Jul 23, 2026
$0.71-16.5%
vs $0.85
$44M-2.9%
vs $46M
Q2 2026
Apr 30, 2026
$0.85+7.6%
vs $0.79
$45M+2.2%
vs $44M
Q1 2026
Jan 29, 2026
$0.85+6.3%
vs $0.80
$43M+0.3%
vs $43M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·1d ago
Dividend Champion, Contender, And Challenger Highlights: Week of November 8

A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates.

Zacks Investment Research·Oct 29, 2026
Arrow Financial (AROW) Q3 Earnings and Revenues Top Estimates

Arrow Financial (AROW) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.77 per share a year ago.

GuruFocus·Sep 2, 2026
Arrow Financial Corp (AROW) Stock Up 3.8% but GF Value Says Overvalued -- GF Score: 69/100

On September 02, 2026, Arrow Financial Corp (AROW) shares rose 3.8%, reaching a current price of $38.82. This price is situated within a 52-week trading range o

Benzinga·Sep 2, 2026
This Arrow Financial Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

Filtered for Arrow Financial CorporationMore Headlines
04

Compare before deciding

Benchmark AROW against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Arrow Financial Corporation (AROW)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
AROW logoAROWArrow Financial CorporationCurrent
$38.47$635.87M16.0818.45%28.51%9.63%2.97%
CZWI logoCZWICitizens Community Bancorp, Inc.
$23.38$225.48M16.12-9.39%28.36%7.64%1.59%
FUNC logoFUNCFirst United Corporation
$45.92$296.36M11.748.34%26.97%12.11%2%
NECB logoNECBNortheast Community Bancorp, Inc.
$29.01$400.78M9.551.33%40.32%11.44%3.36%
TRST logoTRSTTrustCo Bank Corp NY
$57.30$975.7M14.689.38%42.23%10%2.63%
CHMG logoCHMGChemung Financial Corporation
$84.75$408.48M10.66-1.92%38.37%14.49%1.55%

Compare AROW vs Peers

Arrow Financial Corporation (AROW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CZWI

Most directly comparable listed peer for AROW.

Scale Benchmark

vs NTRS

Larger-name benchmark to compare AROW against a more recognizable public peer.

Peer Set

Compare Top 5

vs CZWI, FUNC, NECB, TRST

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

AROW SEC Filings & Documents

Arrow Financial Corporation (AROW) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 23, 2026·SEC

Material company update

Jul 1, 2026·SEC

Material company update

Jun 11, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 6, 2026·SEC

FY 2025

Mar 14, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 6, 2026·SEC

FY 2026

May 8, 2026·SEC

FY 2025

Nov 6, 2025·SEC

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AROW Frequently Asked Questions

Arrow Financial Corporation (AROW) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Arrow Financial Corporation growing?

Arrow Financial Corporation (AROW) revenue fell by 0.8% over the trailing twelve months, compared with the twelve months before.

Is AROW profitable?

Yes. Arrow Financial Corporation (AROW) earned $44.2M in net income over the trailing twelve months (a 28.5% net margin).

Dividend & Returns
Does AROW pay dividends?

Yes. Arrow Financial Corporation (AROW) pays a dividend that yields 2.97% at the current price, a moderate yield.

What is AROW's return on equity?

Arrow Financial Corporation (AROW) had a return on equity (ROE) of 9.6% over the trailing twelve months. That is below the market's typical 10-15%.

Industry Metrics
What is Arrow Financial Corporation's net interest margin?

Arrow Financial Corporation (AROW) has a net interest margin (NIM) of 3.0%. NIM has been under pressure due to interest rate environment.

What is Arrow Financial Corporation's efficiency ratio?

Arrow Financial Corporation (AROW) has an efficiency ratio of 62.2%. This is reasonable for a bank.

What if you invested $1,000 in AROW back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →