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AROWArrow Financial Corporation
$36.97$611M
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
$36.97
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$611M
P/E14.0x
52W High$42.70
Volume56.92K
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%. The bank's credit quality is a ...

GrowthMixed
ProfitabilityStrained
ValuationAttractive
TechnicalsMixed
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

4/12 Beats

EPS beat 4 of last 12 quarters

02

Valuation risk

-13% Peers

P/E is 13% below peer median

03

Market leadership

RS 62 · Avg

Average momentum (RS Rating: 62)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Oct 23

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
AROW+20.99%
S&P 500 (^GSPC)+12.39%
1-Year Return
AROW+31.18%
S&P 500 (^GSPC)+15.77%
3-Year Return
AROW+137.19%
S&P 500 (^GSPC)+74.14%
5-Year Return
AROW+34.84%
S&P 500 (^GSPC)+69.33%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
14.0x
Forward P/EExpansion
10.5x
EV/EBITDA100th %ile
10.1x
FCF YieldCash Flow
5.9%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
14.0x
11.8x
60th· Fair
EV/EBITDA
10.1x
8.5x
100th· High
Price/FCF
16.9x
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
$166M+18.4% YoY
Net income
$44M+47.9% YoY
Free cash flow
$36M+25.3% YoY
Operating margin
22.8%+6.1 pts YoY
ROIC (TTM)9.3%
Avg ROIC 5Y-
ROE (TTM)10.6%
Piotroski Score7 / 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 Rate4/12 (40%)
Revenue Beat Rate5/12 (50%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
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
Q2 2026
Mar 6, 2026
$0.85
vs —
$63M
vs —
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

5 Stories
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.

Defense World·Aug 17, 2026
Arrow Financial Corporation (NASDAQ:AROW) Receives $40.83 Consensus Target Price from Analysts

Shares of Arrow Financial Corporation (NASDAQ: AROW - Get Free Report) have earned an average recommendation of "Hold" from the five analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price

24/7 Wall Street·Aug 6, 2026
5 Stocks to Buy This Week If You Want Dividend Income in August

Five dividends are about to close their payout windows. Arrow Financial (NASDAQ:AROW), Cheesecake Factory (NASDAQ:CAKE), PC Connection (NASDAQ:CNXN), and Willis Lease Finance (NASDAQ:WLFC) all go ex-dividend on August 11, 2026, while Columbia Financial (NASDAQ:CLBK) reaches its cutoff one day later, on August 12.

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
$36.97$611.08M13.9518.45%18.12%10.56%3.1%
CZWI logoCZWICitizens Community Bancorp, Inc.
$21.23$204.74M14.54-9.39%14.64%6.77%—
FUNC logoFUNCFirst United Corporation
$42.76$275.97M11.348.34%20.89%12.7%—
NECB logoNECBNortheast Community Bancorp, Inc.
$26.38$364.45M8.121.33%27.87%12%—
TRST logoTRSTTrustCo Bank Corp NY
$55.54$945.74M17.099.38%26.95%9.62%—
CHMG logoCHMGChemung Financial Corporation
$81.22$391.47M25.95-1.92%24.21%12.98%—

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) grew revenue by 18.4% over the past year. This is strong growth.

Is AROW profitable?

Yes, Arrow Financial Corporation (AROW) is profitable, generating $51.3M in net income for fiscal year 2025 (18.1% net margin).

Dividend & Returns
Does AROW pay dividends?

Yes, Arrow Financial Corporation (AROW) pays a dividend with a yield of 3.10%. This makes it attractive for income-focused investors.

What is AROW's return on equity?

Arrow Financial Corporation (AROW) has a return on equity (ROE) of 10.6%. This is reasonable for most industries.

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 42.4%. This is excellent, indicating strong cost control.

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

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

See returns →