Arrow Financial Corporation (OQ:AROW)

Sector:  Financials Industry:  Banks
See Regulatory Filings on SEC
Company Contact
Address: 250 Glen St
GLENS FALLS NY 12801-3505
Tel: N/A
IR: See website
Key People
Thomas L. Hoy
Independent Chairman of the Board
Thomas J. Murphy
President, Chief Executive Officer, Director
Edward J. Campanella
Chief Financial Officer, Senior Vice President, Treasurer
Andrew J. Wise
Chief Operating Officer, Senior Vice President
David S. DeMarco
Senior Vice President and Chief Banking Officer
David D. Kaiser
Senior Vice President
Business Overview
Arrow Financial Corporation (Arrow) is a bank holding company. The Company's banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and Saratoga National Bank and Trust Company (Saratoga National). It operates in community banking industry segment. The Company's business consists primarily of the ownership, supervision and control of its two banks. It provides advisory and administrative services and coordinates the general policies and operation of the banks. The Company offers a range of commercial and consumer banking, and financial products. Its deposit base consists of deposits derived from the communities it serves. Through its banks' trust operations, the Company provides retirement planning, trust and estate administration services for individuals, and pension, profit-sharing and employee benefit plan administration for corporations.
Financial Overview
For the nine months ended 30 September 2019, Arrow Financial Corporation interest income increased 15% to $81.4M. Net interest income after loan loss provision increased 5% to $63.7M. Net income increased 1% to $27.7M. Net interest income after loan loss provision reflects Interest and Fees on Loans increase of 18% to $70.5M, Exempt from Federal Taxes increase of 25% to $3.6M.
Employees: 516 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $566.01M as of Sep 30, 2019
Annual revenue (TTM): $107.39M as of Sep 30, 2019
EBITDA (TTM): $56.96M as of Sep 30, 2019
Net annual income (TTM): $36.49M as of Sep 30, 2019
Free cash flow (TTM): $16.61M as of Sep 30, 2019
Net Debt Last Fiscal Year: $32.25M as of Sep 30, 2019
Shares outstanding: 14,976,493 as of Oct 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization