ARROW FINANCIAL CORP — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that ARROW FINANCIAL CORP filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $43.95M | Mar 6, 2026 |
| FY2025 | Dec 31, 2024 | $29.71M | Mar 6, 2026 |
| FY2025 | Dec 31, 2023 | $30.08M | Mar 6, 2026 |
| FY2024 | Dec 31, 2022 | $48.80M | Mar 14, 2025 |
| FY2023 | Dec 31, 2021 | $49.86M | Mar 11, 2024 |
| FY2022 | Dec 31, 2020 | $40.83M | Jul 18, 2023 |
| FY2021 | Dec 31, 2019 | $37.48M | Mar 11, 2022 |
| FY2020 | Dec 31, 2018 | $36.28M | Mar 10, 2021 |
| FY2019 | Dec 31, 2017 | $29.33M | Feb 28, 2020 |
| FY2018 | Dec 31, 2016 | $26.53M | Mar 8, 2019 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $41.28M | Mar 6, 2026 |
| FY2025 | Dec 31, 2024 | $34.47M | Mar 6, 2026 |
| FY2025 | Dec 31, 2023 | $20.58M | Mar 6, 2026 |
| FY2024 | Dec 31, 2022 | $59.71M | Mar 14, 2025 |
| FY2023 | Dec 31, 2021 | $68.21M | Mar 11, 2024 |
| FY2022 | Dec 31, 2020 | $42.31M | Jul 18, 2023 |
| FY2021 | Dec 31, 2019 | $43.94M | Mar 11, 2022 |
| FY2020 | Dec 31, 2018 | $41.98M | Mar 10, 2021 |
| FY2019 | Dec 31, 2017 | $37.83M | Feb 28, 2020 |
| FY2018 | Dec 31, 2016 | $34.70M | Mar 8, 2019 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $5.09M | Mar 6, 2026 |
| FY2025 | Dec 31, 2024 | $5.60M | Mar 6, 2026 |
| FY2025 | Dec 31, 2023 | $7.08M | Mar 6, 2026 |
| FY2024 | Dec 31, 2022 | $14.25M | Mar 14, 2025 |
| FY2023 | Dec 31, 2021 | $7.14M | Mar 11, 2024 |
| FY2022 | Dec 31, 2020 | $5.13M | Jul 18, 2023 |
| FY2021 | Dec 31, 2019 | $7.79M | Mar 11, 2022 |
| FY2020 | Dec 31, 2018 | $5.10M | Mar 10, 2021 |
| FY2019 | Dec 31, 2017 | $2.60M | Feb 28, 2020 |
| FY2018 | Dec 31, 2016 | $1.44M | Mar 8, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $4.45B | Mar 6, 2026 |
| FY2025 | Dec 31, 2024 | $4.31B | Mar 6, 2026 |
| FY2024 | Dec 31, 2023 | $4.17B | Mar 14, 2025 |
| FY2023 | Dec 31, 2022 | $3.97B | Mar 11, 2024 |
| FY2022 | Dec 31, 2021 | $4.03B | Jul 18, 2023 |
| FY2021 | Dec 31, 2020 | $3.69B | Mar 11, 2022 |
| FY2020 | Dec 31, 2019 | $3.18B | Mar 10, 2021 |
| FY2019 | Dec 31, 2018 | $2.99B | Feb 28, 2020 |
| FY2018 | Dec 31, 2017 | $2.76B | Mar 8, 2019 |
| FY2017 | Dec 31, 2016 | $2.61B | Mar 12, 2018 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $4.01B | Mar 6, 2026 |
| FY2025 | Dec 31, 2024 | $3.91B | Mar 6, 2026 |
| FY2024 | Dec 31, 2023 | $3.79B | Mar 14, 2025 |
| FY2023 | Dec 31, 2022 | $3.62B | Mar 11, 2024 |
| FY2022 | Dec 31, 2021 | $3.66B | Jul 18, 2023 |
| FY2021 | Dec 31, 2020 | $3.35B | Mar 11, 2022 |
| FY2020 | Dec 31, 2019 | $2.88B | Mar 10, 2021 |
| FY2019 | Dec 31, 2018 | $2.72B | Feb 28, 2020 |
| FY2018 | Dec 31, 2017 | $2.51B | Mar 8, 2019 |
| FY2017 | Dec 31, 2016 | $2.37B | Mar 12, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $431.85M | Mar 6, 2026 |
| FY2025 | Dec 31, 2024 | $400.90M | Mar 6, 2026 |
| FY2025 | Dec 31, 2023 | $379.77M | Mar 6, 2026 |
| FY2024 | Dec 31, 2022 | $353.54M | Mar 14, 2025 |
| FY2024 | Dec 31, 2021 | $371.19M | Mar 14, 2025 |
| FY2023 | Dec 31, 2020 | $334.39M | Mar 11, 2024 |
| FY2022 | Dec 31, 2019 | $301.73M | Jul 18, 2023 |
| FY2021 | Dec 31, 2018 | $269.58M | Mar 11, 2022 |
| FY2020 | Dec 31, 2017 | $249.60M | Mar 10, 2021 |
| FY2019 | Dec 31, 2016 | $232.85M | Feb 28, 2020 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $23.79M | Mar 6, 2026 |
| FY2025 | Dec 31, 2024 | $23.79M | Mar 6, 2026 |
| FY2025 | Dec 31, 2023 | $21.87M | Mar 6, 2026 |
| FY2025 | Dec 31, 2022 | $21.87M | Mar 6, 2026 |
| FY2024 | Dec 31, 2021 | $21.87M | Mar 14, 2025 |
| FY2021 | Dec 31, 2020 | $21.87M | Mar 11, 2022 |
| FY2020 | Dec 31, 2019 | $21.87M | Mar 10, 2021 |
| FY2019 | Dec 31, 2018 | $21.87M | Feb 28, 2020 |
| FY2018 | Dec 31, 2017 | $21.87M | Mar 8, 2019 |
| FY2017 | Dec 31, 2016 | $21.87M | Mar 12, 2018 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $102.27M | Mar 6, 2026 |
| FY2025 | Dec 31, 2024 | $77.22M | Mar 6, 2026 |
| FY2024 | Dec 31, 2023 | $65.79M | Mar 14, 2025 |
| FY2023 | Dec 31, 2022 | $65.40M | Mar 11, 2024 |
| FY2022 | Dec 31, 2021 | $54.08M | Jul 18, 2023 |
| FY2021 | Dec 31, 2020 | $41.90M | Mar 11, 2022 |
| FY2020 | Dec 31, 2019 | $33.22M | Mar 10, 2021 |
| FY2019 | Dec 31, 2018 | $29.26M | Feb 28, 2020 |
| FY2018 | Dec 31, 2017 | $28.82M | Mar 8, 2019 |
| FY2017 | Dec 31, 2016 | $28.64M | Mar 12, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2018 | Dec 31, 2018 | $84.24M | Mar 8, 2019 |
| FY2018 | Dec 31, 2017 | $72.84M | Mar 8, 2019 |
| FY2018 | Dec 31, 2016 | $57.36M | Mar 8, 2019 |
| FY2018 | Dec 31, 2015 | $51.07M | Mar 8, 2019 |
| FY2017 | Dec 31, 2014 | $46.30M | Mar 12, 2018 |
| FY2016 | Dec 31, 2013 | $49.98M | Mar 14, 2017 |
| FY2015 | Dec 31, 2012 | $48.83M | Mar 10, 2016 |
| FY2014 | Dec 31, 2011 | $43.74M | Mar 13, 2015 |
| FY2013 | Dec 31, 2010 | $31.08M | Mar 17, 2014 |
| FY2012 | Dec 31, 2009 | $67.12M | Mar 15, 2013 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $4.27M | Mar 6, 2026 |
| FY2025 | Dec 31, 2024 | $8.60M | Mar 6, 2026 |
| FY2024 | Dec 31, 2023 | $6.50M | Mar 14, 2025 |
| FY2023 | Dec 31, 2022 | $27.80M | Mar 11, 2024 |
| FY2022 | Dec 31, 2021 | $45.00M | Jul 18, 2023 |
| FY2021 | Dec 31, 2020 | $45.00M | Mar 11, 2022 |
| FY2020 | Dec 31, 2019 | $30.00M | Mar 10, 2021 |
| FY2019 | Dec 31, 2018 | $45.00M | Feb 28, 2020 |
| FY2018 | Dec 31, 2017 | $55.00M | Mar 8, 2019 |
| FY2017 | Dec 31, 2016 | $55.00M | Mar 12, 2018 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 2 | Mar 6, 2026 |
| FY2025 | Dec 31, 2024 | 1 | Mar 6, 2026 |
| FY2025 | Dec 31, 2023 | 1 | Mar 6, 2026 |
| FY2024 | Dec 31, 2022 | 2 | Mar 14, 2025 |
| FY2023 | Dec 31, 2021 | 2 | Mar 11, 2024 |
| FY2022 | Dec 31, 2020 | 2 | Jul 18, 2023 |
| FY2021 | Dec 31, 2019 | 2 | Mar 11, 2022 |
| FY2020 | Dec 31, 2018 | 2 | Mar 10, 2021 |
| FY2019 | Dec 31, 2017 | 1 | Feb 28, 2020 |
| FY2018 | Dec 31, 2016 | 1 | Mar 8, 2019 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 2 | Mar 6, 2026 |
| FY2025 | Dec 31, 2024 | 1 | Mar 6, 2026 |
| FY2025 | Dec 31, 2023 | 1 | Mar 6, 2026 |
| FY2024 | Dec 31, 2022 | 2 | Mar 14, 2025 |
| FY2023 | Dec 31, 2021 | 2 | Mar 11, 2024 |
| FY2022 | Dec 31, 2020 | 2 | Jul 18, 2023 |
| FY2021 | Dec 31, 2019 | 2 | Mar 11, 2022 |
| FY2020 | Dec 31, 2018 | 2 | Mar 10, 2021 |
| FY2019 | Dec 31, 2017 | 1 | Feb 28, 2020 |
| FY2018 | Dec 31, 2016 | 1 | Mar 8, 2019 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 16.45M | Mar 6, 2026 |
| FY2025 | Dec 31, 2024 | 16.74M | Mar 6, 2026 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2022 | Dec 31, 2022 | $17.44M | Jul 18, 2023 |
| FY2022 | Dec 31, 2021 | $16.30M | Jul 18, 2023 |
| FY2022 | Dec 31, 2020 | $15.74M | Jul 18, 2023 |
| FY2021 | Dec 31, 2019 | $15.21M | Mar 11, 2022 |
| FY2020 | Dec 31, 2018 | $14.39M | Mar 10, 2021 |
| FY2019 | Dec 31, 2017 | $13.60M | Feb 28, 2020 |
| FY2018 | Dec 31, 2016 | $13.09M | Mar 8, 2019 |
| FY2017 | Dec 31, 2015 | $12.70M | Mar 12, 2018 |
| FY2016 | Dec 31, 2014 | $12.41M | Mar 14, 2017 |
| FY2015 | Dec 31, 2013 | $12.11M | Mar 10, 2016 |