Arrow Financial Corporation (AROW) Earnings History
Profitable35 years of earnings data (1991–2025) · Positive TTM net income
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Arrow Financial Corporation (AROW) Earnings Overview
As of June 22, 2026, Arrow Financial Corporation (AROW) reported trailing twelve-month net income of $44M, reflecting +49.7% year-over-year growth. The company earned $2.68 per diluted share over the past four quarters, with a net profit margin of 18.1%.
Looking at the long-term picture, AROW's 5-year EPS compound annual growth rate (CAGR) stands at +1.9%, reflecting modest earnings expansion. The company achieved its highest annual net income of $50M in fiscal 2021.
Arrow Financial Corporation maintains industry-leading profitability with a gross margin of 65.3%, operating margin of 22.8%, and net margin of 18.1%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including CZWI ($14M net income, 16.0% margin), FUNC ($25M net income, 20.6% margin), NECB ($44M net income, 28.2% margin), AROW has outperformed on profitability metrics. Compare AROW vs CZWI →
AROW Earnings vs Peers
Earnings metrics vs comparable public companies
AROW Historical Earnings Data (1991–2025)
35 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $44M | +47.9% | $55M | $2.65 | 18.1% | 22.8% |
| 2024 | $30M | -1.2% | $37M | $1.77 | 13.3% | 16.7% |
| 2023 | $30M | -38.4% | $38M | $1.77 | 15.7% | 19.6% |
| 2022 | $49M | -2.1% | $63M | $2.86 | 30.4% | 39.2% |
| 2021 | $50M | +22.1% | $64M | $2.92 | 33.7% | 43.5% |
| 2020 | $41M | +8.9% | $52M | $2.41 | 28.2% | 35.9% |
| 2019 | $37M | +3.3% | $47M | $2.22 | 27.1% | 34.0% |
| 2018 | $36M | +23.7% | $45M | $2.22 | 28.9% | 36.1% |
| 2017 | $29M | +10.5% | $40M | $1.81 | 26.1% | 35.5% |
| 2016 | $27M | +7.6% | $38M | $1.65 | 25.3% | 36.0% |
| 2015 | $25M | +5.6% | $35M | $1.55 | 24.9% | 35.7% |
| 2014 | $23M | +7.2% | $34M | $1.47 | 24.5% | 35.2% |
| 2013 | $22M | -1.7% | $31M | $1.38 | 23.6% | 33.5% |
| 2012 | $22M | +1.1% | $32M | $1.41 | 23.0% | 33.0% |
| 2011 | $22M | +0.2% | $32M | $1.36 | 21.4% | 30.8% |
| 2010 | $22M | +0.5% | $32M | $1.37 | 21.0% | 30.4% |
| 2009 | $22M | +6.6% | $32M | $1.37 | 21.0% | 30.4% |
| 2008 | $20M | +17.9% | $29M | $1.29 | 19.0% | 27.4% |
| 2007 | $17M | +2.6% | $24M | $1.07 | 16.8% | 23.5% |
| 2006 | $17M | -9.4% | $24M | $1.02 | 32.9% | 46.8% |
| 2005 | $19M | -4.3% | $27M | $1.11 | 21.4% | 30.7% |
| 2004 | $19M | +3.0% | $28M | $1.05 | 23.9% | 34.8% |
| 2003 | $19M | +0.1% | $28M | $1.15 | 22.8% | 33.1% |
| 2002 | $19M | +19.5% | $28M | $1.10 | 21.9% | 32.0% |
| 2001 | $16M | +15.6% | $23M | $0.88 | 17.8% | 25.7% |
| 2000 | $14M | +6.1% | $19M | $0.77 | 15.9% | 22.6% |
| 1999 | $13M | +9.3% | $19M | $0.71 | 16.8% | 24.3% |
| 1998 | $12M | +7.3% | $18M | $0.52 | 16.5% | 24.4% |
| 1997 | $11M | -45.8% | $16M | $0.58 | 17.4% | 25.7% |
| 1996 | $20M | +63.7% | $31M | $1.01 | 25.8% | 39.6% |
| 1995 | $12M | +9.7% | $19M | $0.59 | 16.5% | 25.8% |
| 1994 | $11M | +16.5% | $12M | $0.55 | 18.5% | 20.3% |
| 1993 | $10M | +162.2% | $9M | $0.49 | 15.9% | 14.1% |
| 1992 | $4M | +111.1% | $4M | $0.19 | 5.6% | 6.3% |
| 1991 | -$33M | - | -$38M | $-1.78 | -40.0% | -45.9% |
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AROW — Frequently Asked Questions
Quick answers to the most common questions about buying AROW stock.
What is AROW earnings per share (EPS)?
AROW trailing twelve-month (TTM) diluted EPS is $2.68, reflecting +49.7% year-over-year growth. The 5-year EPS CAGR is +1.9%. Complete EPS history from 1991 to 2025 is available in the table on this page.
What is Arrow Financial Corporation's net income?
Arrow Financial Corporation (AROW) trailing twelve-month net income is $44M as of 2025. Earnings grew +49.7% year-over-year. Arrow Financial Corporation has been profitable for 34 consecutive years.
Is AROW profitable?
Yes, AROW is profitable with a TTM net income of $44M and a net profit margin of +18.1%. Arrow Financial Corporation has generated profits for 34 consecutive years.
What is AROW's earnings growth rate?
AROW compound annual EPS growth rates (CAGR): 1-Year: +49.7%, 3-Year: -2.5%, 5-Year: +1.9%, 10-Year: +5.5%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1991 to 2025.
What are AROW's profit margins?
Arrow Financial Corporation net profit margin is +18.1%, operating margin is +22.8%, and gross margin is +65.3%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +10.6%.
Is AROW growing earnings?
Yes, AROW earnings are accelerating — EPS growth of +49.7% exceeds the 5-year CAGR of +1.9%. TTM net income reached $44M. Earnings momentum is strengthening.
What was AROW's best earnings year?
Arrow Financial Corporation's highest annual net income on record is $50M, achieved in fiscal year 2021. Earnings history on this page spans 1991 to 2025 and includes all annual and quarterly figures.
What were AROW's earnings last quarter?
AROW's most recent reported quarter was Q4 2025. Net income was $14M with diluted EPS of $0.85. For a full breakdown of all quarters, see the quarterly earnings table on this page.