arrow financial corporation, a bank holding company, provides commercial and consumer banking, and financial products and services. the company's deposit products include demand deposits, interest-bearing checking accounts, savings deposits, time deposits, and other time deposits. its lending activities comprise commercial loans, such as term loans, time notes, and lines of credit; and commercial real estate loans to finance real estate purchases, refinancing, expansions, and improvements to commercial properties, as well as commercial construction and land development loans to finance projects. the company's lending activities also include consumer installment loans to finance personal expenditures, personal lines of credit, overdraft protection, and automobile loans; and residential real estate loans, fixed home equity loans, and home equity lines of credit for consumers to finance home improvements, debt consolidation, education, and other uses. in addition, it maintains an indirect
Company profile
Ticker
AROW
Exchange
Website
CEO
Thomas Murphy
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ARROW BANK CORP
SEC CIK
Corporate docs
Subsidiaries
Glens Falls National Bank and Trust Company • A Nationally Chartered Commercial Bank • Saratoga National Bank and Trust Company • A Non-deposit Trust Company • Arrow Properties, Inc. • North Country Investment Advisers, Inc. • A New York Corporation • NC Financial Services, Inc. • Glens Falls National Community Development Corporation • Upstate Agency, LLC ...
IRS number
222448962
AROW stock data
Latest filings (excl ownership)
8-K
Arrow Reports 1st Quarter Net Income of $7.7 Million, or $0.45 per Share, Declares Dividend of $0.27 per Share
30 Apr 24
ARS
2023 FY
Annual report to shareholders
25 Apr 24
DEFA14A
Additional proxy soliciting materials
25 Apr 24
DEF 14A
Definitive proxy
25 Apr 24
8-K
Changes in Registrant's Certifying Accountant
19 Mar 24
8-K
Other Events
14 Mar 24
10-K
2023 FY
Annual report
11 Mar 24
8-K
Arrow Announces Acquisition of Whitehall, N.Y. Branch
4 Mar 24
8-K
Other Events
16 Feb 24
8-K
Departure of Directors or Certain Officers
7 Feb 24
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 294.74 mm | 294.74 mm | 294.74 mm | 294.74 mm | 294.74 mm | 294.74 mm |
Cash burn (monthly) | (no burn) | 6.56 mm | 8.30 mm | 8.67 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | 47.05 mm | 59.52 mm | 62.25 mm | n/a | n/a |
Cash remaining | n/a | 247.68 mm | 235.21 mm | 232.49 mm | n/a | n/a |
Runway (months of cash) | n/a | 37.8 | 28.4 | 26.8 | n/a | n/a |
Institutional ownership, Q4 2023
0.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 11 |
Opened positions | 4 |
Closed positions | 84 |
Increased positions | 2 |
Reduced positions | 2 |
13F shares | Current |
---|---|
Total value | 1.24 bn |
Total shares | 52.57 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Financial Counselors | 17.61 k | $492.08 mm |
Washington Trust Advisors | 13.51 k | $377.47 mm |
IFG Advisory | 8.05 k | $224.97 mm |
SG Americas Securities | 8.03 k | $224.00 k |
McGlone Suttner Wealth Management | 1.90 k | $53.17 mm |
Clean Yield | 1.46 k | $40.74 mm |
Global Retirement Partners | 928.00 | $24.01 mm |
Nisa Investment Advisors | 806.00 | $22.52 mm |
M&R Capital Management | 174.00 | $4.87 mm |
Allworth Financial | 77.00 | $2.15 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
10 Apr 24 | Owens William L | Common Stock | Other | Acquire J | No | No | 22.39 | 564 | 12.63 k | 16,081 |
10 Apr 24 | Read Colin L | Common Stock | Other | Acquire J | No | No | 22.39 | 438 | 9.81 k | 26,084 |
10 Apr 24 | Miller Elizabeth | Common Stock | Other | Acquire J | No | No | 22.39 | 810 | 18.14 k | 33,324 |
10 Apr 24 | Kruczlnicki David G | Common Stock | Other | Acquire J | No | No | 22.39 | 447 | 10.01 k | 55,824 |
10 Apr 24 | Dake Gary C | Common Stock | Other | Acquire J | No | No | 22.39 | 877 | 19.64 k | 58,221 |