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, Chief Credit Officer
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 three months ended 31 March 2020, Arrow Financial Corporation interest income increased 8% to $28.2M. Net interest income after loan loss provision decreased 2% to $20.2M. Net income decreased 7% to $8.1M. Net interest income after loan loss provision reflects Exempt from Federal Taxes decrease of 17% to $1M, Fully Taxable decrease of 7% to $2.2M.
Employees: 520 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $468.53M as of Mar 31, 2020
Annual revenue (TTM): $111.77M as of Mar 31, 2020
EBITDA (TTM): $56.06M as of Mar 31, 2020
Net annual income (TTM): $36.87M as of Mar 31, 2020
Free cash flow (TTM): $24.23M as of Mar 31, 2020
Net Debt Last Fiscal Year: $50.63M as of Mar 31, 2020
Shares outstanding: 14,983,674 as of Apr 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization