Financial Snapshot
Revenues
Revenues
Revenue YoY Change
Revenues
Concept | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 |
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Revenue | ||||||||||||||||||||||||||||||||||||
YoY Change |
Expenses
Cost Of Revenues
Gross Profit
Gross Profit Margin
Gross Profit
Concept | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 |
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Revenue | ||||||||||||||||||||||||||||||||||||
Cost Of Revenue | ||||||||||||||||||||||||||||||||||||
Gross Profit | ||||||||||||||||||||||||||||||||||||
Gross Profit Margin |
Selling, General & Admin Expense
Research & Development
Depreciation, Depletion & Amortization
SGA Expense to Gross Profit Ratio
R&D To Gross Profit Ratio
DDA To Gross Profit Ratio
Operating Expenses Total
Operating Profits/Loss
Operational Expenses
Concept | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 |
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Selling, General & Admin | ||||||||||||||||||||||||||||||||||||
YoY Change | ||||||||||||||||||||||||||||||||||||
% of Gross Profit | ||||||||||||||||||||||||||||||||||||
Research & Development | ||||||||||||||||||||||||||||||||||||
YoY Change | ||||||||||||||||||||||||||||||||||||
% of Gross Profit | ||||||||||||||||||||||||||||||||||||
Depreciation & Amortization | $3.752M | $7.548M | $2.993M | $2.758M | $2.211M | $1.891M | $1.921M | $1.928M | $1.892M | $1.879M | $1.928M | $1.521M | $1.382M | $1.286M | $2.810M | $2.570M | $2.870M | $3.030M | $2.810M | $3.150M | $4.910M | $3.150M | $2.760M | $2.500M | $2.000M | $1.410M | $1.430M | $1.200M | $1.620M | $2.170M | $3.650M | $3.470M | $2.910M | $2.430M | $2.000M | $1.900M |
YoY Change | -50.29% | 152.19% | 8.52% | 24.74% | 16.92% | -1.56% | -0.36% | 1.9% | 0.69% | -2.54% | 26.76% | 10.06% | 7.47% | -54.23% | 9.34% | -10.45% | -5.28% | 7.83% | -10.79% | -35.85% | 55.87% | 14.13% | 10.4% | 25.0% | 41.84% | -1.4% | 19.17% | -25.93% | -25.35% | -40.55% | 5.19% | 19.24% | 19.75% | 21.5% | 5.26% | |
% of Gross Profit | ||||||||||||||||||||||||||||||||||||
Operating Expenses | ||||||||||||||||||||||||||||||||||||
YoY Change | ||||||||||||||||||||||||||||||||||||
Operating Profit | ||||||||||||||||||||||||||||||||||||
YoY Change |
Interest Expenses
Interest Expenses To Operating Income %
Other Expense/Income
Interest & Other Expense/Income
Concept | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest Expense | $57.73M | $11.31M | $5.195M | $12.69M | $21.71M | $12.49M | $7.006M | $5.356M | $4.813M | $5.767M | $7.922M | $11.96M | $18.68M | $23.70M | $26.49M | |||||||||||||||||||||
YoY Change | 410.54% | 117.67% | -59.08% | -41.53% | 73.89% | 78.2% | 30.81% | 11.28% | -16.54% | -27.2% | -33.75% | -35.99% | -21.17% | -10.56% | ||||||||||||||||||||||
% of Operating Profit | ||||||||||||||||||||||||||||||||||||
Other Income/Expense, Net | $6.630M | $4.490M | $4.285M | $3.411M | $4.595M | $3.507M | $3.456M | $3.469M | $3.846M | $3.531M | $3.486M | $3.243M | $3.095M | $3.173M | ||||||||||||||||||||||
YoY Change | 47.66% | 4.78% | 25.62% | -25.77% | 31.02% | 1.48% | -0.37% | -9.8% | 8.92% | 1.29% | 7.49% | 4.78% | -2.46% |
Income/Loss
Pretax Income
Income Tax
Net Profits/Loss
Pretax Income YoY Change
Income Tax Rate
Net Profits/Loss YoY Change
Basic EPS
Net Income To Revenue Ratio
Pretax & Net Income
Concept | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Pretax Income | $37.52M | $62.91M | $64.40M | $51.86M | $47.08M | $45.31M | $39.86M | $37.75M | $35.27M | $33.53M | $30.87M | $31.84M | $31.65M | $31.65M | $31.58M | $29.40M | $24.10M | $24.00M | $26.70M | $28.40M | $27.50M | $27.70M | $22.90M | $19.40M | $18.50M | $17.60M | $16.20M | $31.10M | $19.40M | $2.900M | -$1.200M | -$5.600M | -$49.50M | -$2.000M | $1.300M | -$100.0K |
YoY Change | -40.36% | -2.31% | 24.17% | 10.17% | 3.91% | 13.67% | 5.58% | 7.02% | 5.18% | 8.62% | -3.03% | 0.61% | 0.0% | 0.2% | 7.42% | 21.99% | 0.42% | -10.11% | -5.99% | 3.27% | -0.72% | 20.96% | 18.04% | 4.86% | 5.11% | 8.64% | -47.91% | 60.31% | 568.97% | -341.67% | -78.57% | -88.69% | 2375.0% | -253.85% | -1400.0% | |
Income Tax | $7.445M | $14.11M | $14.55M | $11.04M | $9.600M | $9.026M | $10.53M | $11.22M | $10.61M | $10.17M | $9.079M | $9.661M | $9.714M | $9.754M | $9.790M | $9.000M | $6.800M | $7.100M | $8.100M | $9.000M | $8.600M | $8.800M | $7.100M | $5.700M | $5.700M | $5.700M | $5.200M | $10.80M | $7.000M | $1.100M | $400.0K | $1.300M | -$4.900M | $2.400M | $3.500M | $2.800M |
% Of Pretax Income | 19.84% | 22.43% | 22.59% | 21.28% | 20.39% | 19.92% | 26.42% | 29.71% | 30.08% | 30.34% | 29.41% | 30.34% | 30.69% | 30.82% | 31.0% | 30.61% | 28.22% | 29.58% | 30.34% | 31.69% | 31.27% | 31.77% | 31.0% | 29.38% | 30.81% | 32.39% | 32.1% | 34.73% | 36.08% | 37.93% | 269.23% | |||||
Net Earnings | $30.08M | $48.80M | $49.86M | $40.83M | $37.48M | $36.28M | $29.33M | $26.53M | $24.66M | $23.36M | $21.80M | $22.18M | $21.93M | $21.89M | $21.79M | $20.40M | $17.30M | $16.90M | $18.60M | $19.50M | $18.90M | $18.90M | $15.80M | $13.70M | $12.90M | $11.80M | $11.00M | $20.30M | $12.40M | $1.800M | -$100.0K | -$6.200M | -$44.60M | -$4.400M | -$2.200M | -$2.900M |
YoY Change | -38.37% | -2.12% | 22.12% | 8.94% | 3.3% | 23.71% | 10.52% | 7.59% | 5.57% | 7.18% | -1.73% | 1.12% | 0.19% | 0.46% | 6.82% | 17.92% | 2.37% | -9.14% | -4.62% | 3.17% | 0.0% | 19.62% | 15.33% | 6.2% | 9.32% | 7.27% | -45.81% | 63.71% | 588.89% | -1900.0% | -98.39% | -86.1% | 913.64% | 100.0% | -24.14% | |
Net Earnings / Revenue | ||||||||||||||||||||||||||||||||||||
Basic Earnings Per Share | $1.77 | $2.95 | $3.11 | $2.56 | $2.36 | $2.37 | $1.99 | $1.87 | $1.80 | $1.76 | $1.70 | $1.78 | $1.80 | $1.85 | $1.88 | |||||||||||||||||||||
Diluted Earnings Per Share | $1.77 | $2.95 | $3.10 | $2.56 | $2.36 | $2.36 | $1.98 | $1.86 | $1.80 | $1.76 | $1.70 | $1.77 | $1.79 | $1.84 | $1.88 | $1.360M | $1.138M | $1.083M | $1.170M | $1.219M | $1.212M | $1.167M | $975.3K | $850.9K | $758.8K | $674.3K | $618.0K | $1.080M | $623.1K | $85.31K | -$5.051K | -$322.9K | -$2.360M | -$230.4K | -$115.8K | -$151.8K |
Assets & Liabilities
Cash & Short-Term Investments
Cash & Equivalents
Cash To Operating Expenses Ratio
Inventory
Receivables
Total Short-Term Assets
Property, Plant And Equipment
Long-Term Investments
Total Long-Term Assets
Total Assets
Net Income To Total Assets Percentage
Accounts Payable
Short-Term Debt
Long Term Debt Due
Total Short-Term Liabilities
Long-Term Debt
Other Long-Term Liabilities
Total Long-Term Liabilities
Total Liabilities
Short-Term To Long-Term Debt Ratio
Short-Term Assets To Debt Ratio
Long-Term Debt To Net Income Ratio
Assets & Liabilities
Concept | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 |
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Cash & Short-Term Investments | ||||||||||||||||||||||||||||||||||||
YoY Change | ||||||||||||||||||||||||||||||||||||
Cash & Equivalents | ||||||||||||||||||||||||||||||||||||
Short-Term Investments | ||||||||||||||||||||||||||||||||||||
Other Short-Term Assets | ||||||||||||||||||||||||||||||||||||
YoY Change | ||||||||||||||||||||||||||||||||||||
Inventory | ||||||||||||||||||||||||||||||||||||
Prepaid Expenses | ||||||||||||||||||||||||||||||||||||
Receivables | ||||||||||||||||||||||||||||||||||||
Other Receivables | ||||||||||||||||||||||||||||||||||||
Total Short-Term Assets | ||||||||||||||||||||||||||||||||||||
YoY Change | ||||||||||||||||||||||||||||||||||||
Property, Plant & Equipment | $59.64M | $56.49M | $53.20M | $47.90M | $46.30M | $30.40M | $27.60M | $26.90M | $27.40M | $28.50M | $29.20M | $28.90M | $22.60M | $18.80M | $18.80M | $17.60M | $16.70M | $15.60M | $15.90M | $14.90M | $14.20M | $13.70M | $13.10M | $12.40M | $11.80M | $11.10M | $10.80M | $9.400M | $13.90M | $14.60M | $15.40M | $17.80M | $19.30M | $19.70M | $17.60M | $7.500M |
YoY Change | 5.58% | 6.19% | 11.06% | 3.46% | 52.3% | 10.14% | 2.6% | -1.82% | -3.86% | -2.4% | 1.04% | 27.88% | 20.21% | 0.0% | 6.82% | 5.39% | 7.05% | -1.89% | 6.71% | 4.93% | 3.65% | 4.58% | 5.65% | 5.08% | 6.31% | 2.78% | 14.89% | -32.37% | -4.79% | -5.19% | -13.48% | -7.77% | -2.03% | 11.93% | 134.67% | |
Goodwill | ||||||||||||||||||||||||||||||||||||
YoY Change | ||||||||||||||||||||||||||||||||||||
Intangibles | ||||||||||||||||||||||||||||||||||||
YoY Change | ||||||||||||||||||||||||||||||||||||
Long-Term Investments | ||||||||||||||||||||||||||||||||||||
YoY Change | ||||||||||||||||||||||||||||||||||||
Other Assets | ||||||||||||||||||||||||||||||||||||
YoY Change | ||||||||||||||||||||||||||||||||||||
Total Long-Term Assets | ||||||||||||||||||||||||||||||||||||
YoY Change | ||||||||||||||||||||||||||||||||||||
Total Assets | $4.170B | $3.970B | $4.028B | $3.689B | $3.184B | $2.988B | $2.761B | $2.605B | $2.446B | $2.217B | $2.164B | $2.023B | $1.963B | $1.908B | $1.842B | $1.665B | $1.585B | $1.520B | $1.520B | $1.378B | $1.374B | $1.271B | $1.151B | $1.081B | $1.001B | $939.0M | $831.6M | $652.6M | $789.8M | $746.4M | $733.4M | $722.4M | $769.9M | $861.6M | $801.6M | $429.5M |
YoY Change | ||||||||||||||||||||||||||||||||||||
Accounts Payable | $600.0K | $1.100M | $2.000M | $2.300M | $3.000M | |||||||||||||||||||||||||||||||
YoY Change | -45.45% | -45.0% | -13.04% | -23.33% | ||||||||||||||||||||||||||||||||
Accrued Expenses | $5.152M | $5.822M | $7.100M | $5.400M | $5.700M | |||||||||||||||||||||||||||||||
YoY Change | -11.51% | -18.0% | 31.48% | -5.26% | ||||||||||||||||||||||||||||||||
Deferred Revenue | ||||||||||||||||||||||||||||||||||||
YoY Change | ||||||||||||||||||||||||||||||||||||
Short-Term Debt | $27.00M | $0.00 | $17.50M | $51.10M | $54.70M | $65.00M | $35.80M | $23.20M | $19.40M | $11.80M | $12.70M | $68.30M | $53.20M | $73.90M | $60.00M | $53.70M | $48.30M | $43.10M | $44.00M | $40.90M | $48.50M | $37.60M | $37.70M | $31.00M | $24.00M | $24.80M | $22.70M | $15.30M | $24.90M | $12.50M | $15.20M | $25.10M | $37.20M | $29.00M | $33.80M | |
YoY Change | -100.0% | -65.75% | -6.58% | -15.85% | 81.56% | 54.31% | 19.59% | 64.41% | -7.09% | -81.41% | 28.38% | -28.01% | 23.17% | 11.73% | 11.18% | 12.06% | -2.05% | 7.58% | -15.67% | 28.99% | -0.27% | 21.61% | 29.17% | -3.23% | 9.25% | 48.37% | -38.55% | 99.2% | -17.76% | -39.44% | -32.53% | 28.28% | -14.2% | |||
Long-Term Debt Due | ||||||||||||||||||||||||||||||||||||
YoY Change | ||||||||||||||||||||||||||||||||||||
Total Short-Term Liabilities | $5.152M | $27.00M | $7.100M | $5.400M | $5.700M | $54.70M | $65.00M | $35.80M | $23.20M | $19.40M | $11.80M | $600.0K | $1.100M | $2.000M | $2.300M | $3.000M | $53.70M | $48.30M | $43.10M | $44.00M | $40.90M | $48.50M | $37.60M | $37.70M | $31.00M | $24.00M | $24.80M | $22.70M | $15.30M | $24.90M | $12.50M | $15.20M | $25.10M | $37.20M | $29.00M | $33.80M |
YoY Change | -80.92% | 280.28% | 31.48% | -5.26% | -89.58% | -15.85% | 81.56% | 54.31% | 19.59% | 64.41% | 1866.67% | -45.45% | -45.0% | -13.04% | -23.33% | -94.41% | 11.18% | 12.06% | -2.05% | 7.58% | -15.67% | 28.99% | -0.27% | 21.61% | 29.17% | -3.23% | 9.25% | 48.37% | -38.55% | 99.2% | -17.76% | -39.44% | -32.53% | 28.28% | -14.2% | |
Long-Term Debt | $25.07M | $25.12M | $25.20M | $25.20M | $25.30M | $20.00M | $20.00M | $20.00M | $20.00M | $20.00M | $20.00M | $20.00M | $20.00M | $20.00M | $20.00M | $20.00M | $20.00M | $20.00M | $20.00M | $20.00M | $15.00M | $5.000M | $5.000M | $5.000M | $5.000M | $0.00 | $0.00 | $0.00 | $0.00 | $5.000M | $5.300M | $5.400M | $7.000M | $7.200M | $5.800M | $6.400M |
YoY Change | -0.21% | -0.32% | 0.0% | -0.4% | 26.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 33.33% | 200.0% | 0.0% | 0.0% | 0.0% | -100.0% | -5.66% | -1.85% | -22.86% | -2.78% | 24.14% | -9.38% | |||||
Other Long-Term Liabilities | $50.96M | $37.69M | $29.00M | $26.40M | $24.40M | $19.50M | $20.80M | $22.00M | $21.60M | $23.10M | $24.40M | $23.60M | $22.80M | $16.90M | $21.10M | $21.30M | $24.70M | $22.40M | $16.40M | $13.70M | $15.50M | $13.50M | $16.40M | $13.80M | $12.60M | $17.30M | $12.10M | $13.90M | $12.50M | $7.700M | $6.200M | $4.300M | $6.500M | $6.500M | $7.300M | $4.200M |
YoY Change | 35.23% | 29.96% | 9.85% | 8.2% | 25.13% | -6.25% | -5.45% | 1.85% | -6.49% | -5.33% | 3.39% | 3.51% | 34.91% | -19.91% | -0.94% | -13.77% | 10.27% | 36.59% | 19.71% | -11.61% | 14.81% | -17.68% | 18.84% | 9.52% | -27.17% | 42.98% | -12.95% | 11.2% | 62.34% | 24.19% | 44.19% | -33.85% | 0.0% | -10.96% | 73.81% | |
Total Long-Term Liabilities | $76.03M | $62.81M | $54.20M | $51.60M | $49.70M | $39.50M | $40.80M | $42.00M | $41.60M | $43.10M | $44.40M | $43.60M | $42.80M | $36.90M | $41.10M | $41.30M | $44.70M | $42.40M | $36.40M | $33.70M | $30.50M | $18.50M | $21.40M | $18.80M | $17.60M | $17.30M | $12.10M | $13.90M | $12.50M | $12.70M | $11.50M | $9.700M | $13.50M | $13.70M | $13.10M | $10.60M |
YoY Change | 21.05% | 15.88% | 5.04% | 3.82% | 25.82% | -3.19% | -2.86% | 0.96% | -3.48% | -2.93% | 1.83% | 1.87% | 15.99% | -10.22% | -0.48% | -7.61% | 5.42% | 16.48% | 8.01% | 10.49% | 64.86% | -13.55% | 13.83% | 6.82% | 1.73% | 42.98% | -12.95% | 11.2% | -1.57% | 10.43% | 18.56% | -28.15% | -1.46% | 4.58% | 23.58% | |
Total Liabilities | $3.790B | $3.616B | $3.657B | $3.354B | $2.883B | $2.719B | $2.511B | $2.372B | $2.232B | $2.017B | $1.972B | $1.847B | $1.796B | $1.756B | $1.701B | $1.539B | $1.463B | $1.402B | $1.402B | $1.260B | $1.268B | $1.170B | $1.060B | $1.001B | $928.8M | $861.9M | $757.7M | $578.3M | $722.3M | $688.0M | $683.4M | $682.7M | $735.0M | $792.7M | $736.1M | $395.9M |
YoY Change | 4.82% | -1.12% | 9.02% | 16.36% | 6.02% | 8.28% | 5.84% | 6.28% | 10.7% | 2.28% | 6.74% | 2.82% | 2.29% | 3.25% | 10.49% | 5.24% | 4.31% | -0.01% | 11.29% | -0.65% | 8.38% | 10.43% | 5.89% | 7.73% | 7.76% | 13.75% | 31.02% | -19.94% | 4.99% | 0.67% | 0.1% | -7.12% | -7.28% | 7.69% | 85.93% |
Ownership
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares
Stock Issuance & Repurchase
Ownership Data
Concept | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 |
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Basic Shares Outstanding | 17.04M shares | 16.51M shares | 16.02M shares | 15.93M shares | 15.85M shares | 15.29M shares | 14.74M shares | 14.21M shares | 13.68M shares | 13.24M shares | 12.79M shares | 12.49M shares | 12.21M shares | 11.84M shares | 11.57M shares | |||||||||||||||||||||
Diluted Shares Outstanding | 17.04M shares | 16.56M shares | 16.07M shares | 15.94M shares | 15.90M shares | 15.37M shares | 14.84M shares | 14.30M shares | 13.73M shares | 13.27M shares | 12.83M shares | 12.50M shares | 12.22M shares | 11.87M shares | 11.62M shares | |||||||||||||||||||||
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About ARROW FINANCIAL CORP
Arrow Financial Corp. is a bank holding company, which engages in the provision of banking and insurance services through its subsidiaries, Glens Falls National and Saratoga National. The company is headquartered in Glens Falls, New York and currently employs 537 full-time employees. The firm's banking subsidiaries include Glens Falls National Bank and Trust Company (GFNB) and Saratoga National Bank and Trust Company (SNB). The two banks provide a full range of services for individuals and small to mid-size businesses in northeastern New York State from Albany, the state's capitol, to the Canadian border. The company is engaged in a range of lending activities, including commercial and industrial lending primarily to small and mid-sized companies; mortgage lending for residential and commercial properties, and consumer installment and home equity financing. The company also provides retirement planning, trust and estate administration services for individuals, and pension, profit-sharing and employee benefit plan administration for corporations. GFNB's subsidiary, Upstate Agency LLC, offers insurance services, including property and casualty insurance, group health insurance and individual life insurance products.
Industry: National Commercial Banks Peers: Business First Bancshares, Inc. CAPITAL CITY BANK GROUP INC CNB FINANCIAL CORP/PA COASTAL FINANCIAL CORP FIRST COMMUNITY BANKSHARES INC /VA/ HBT Financial, Inc. MetroCity Bankshares, Inc. PNC FINANCIAL SERVICES GROUP, INC.