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39.86 USD
P/E
11.97
EPS
3.09
Yield
2.96%
Safety Score
100
P/B
1.39
ROE
12.11
Beta
0.77
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Key Metrics
Earnings dateJuly 23, 2026
P/E11.97
EPS3.09
Book Value26.63
Price to Book1.39
% Insiders9.445%
Growth
Revenue Growth0.29%
Earnings Growth1.17%
Estimates
Forward P/E8.60
Forward EPS4.30
Dividend
Dividend Yield2.96%
Annual dividends1.18 USD
Ex-Div. DateMay 12, 2026
Payout37.46%
5y avg Yield3.74%

DCF Valuation

Tweak assumptions to recompute fair value for Arrow Financial Corporation (AROW)
Currency: USD
DCF Assumptions
Decimal (e.g., 0.10 = 10%). Range allows declines (−50%) to strong growth (+50%).
Decimal (e.g., 0.30 = 30%).
Decimal (e.g., 0.04 = 4%).
Decimal (e.g., 0.20 = 20%).
Percent number (e.g., 3 = 3%).
Percent number (e.g., 10 = 10%).
Percent number (e.g., 5 = 5%).
DCF Result

Fair Value (DCF)
Current Price
Upside
WACC
Terminal PV
Σ PV of FCFs
Note: historical bars show reported FCF (for context); forward bars show PV of projected FCF; if no per-year data, totals are shown.

Arrow Financial Corporation Logo Arrow Financial Corporation Analysis (AROW)

United States Financials Official Website Stock

Is Arrow Financial Corporation a good investment? Arrow Financial Corporation (AROW) is currently trading at 39.86 USD.

In terms of valuation, the stock trades at a P/E ratio of 11.97. This relatively low multiple may signal that Arrow Financial Corporation is undervalued compared to historical market norms.

Earnings Schedule: Arrow Financial Corporation is expected to release its next earnings report on July 23, 2026. The market consensus estimate for Forward EPS is 4.30.

For income investors, Arrow Financial Corporation pays a dividend yield of 2.96%. With a payout ratio of 37%, the dividend appears sustainable.

Investor FAQ

Does Arrow Financial Corporation pay a dividend?

Yes, it pays an annual dividend of 1.18 USD (2.96% yield).

What asset class is Arrow Financial Corporation?

Arrow Financial Corporation is classified as a Stock. You can compare it against its peer in the "Related Symbols" list.

When is the next earnings date?

The next earnings date is projected to be July 23, 2026. The company currently has a trailing EPS of 3.09.

Company Profile

Arrow Financial Corporation, a bank holding company, provides various commercial and consumer banking, and financial products and services in the United States. 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 enhancement 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, as well as maintains an indirect lending program. In addition, it provides retirement planning, trust, and estate administration services for individuals, as well as pension, profit-sharing, and employee benefit plan administration services for corporations. Further, the company offers insurance agency services comprising group health care policies and life insurance, and property and casualty insurance products. The company was founded in 1851 and is headquartered in Glens Falls, New York.

Exchange Ticker
NMS (United States) AROW
Trades
Dividend Yield
2.96%
5y avg 3.74%
Annual Dividends
1.18USD
Next Ex. Div Date
May 12, 2026
Payout Ratio
37.46%
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
2027
0.60 USD
May 3, 2027 (estimated) 0.3000
Feb. 1, 2027 (estimated) 0.3000
2026
1.18 USD
Nov. 2, 2026 (estimated) 0.2900
Aug. 3, 2026 (estimated) 0.2900
May 26, 2026 0.3000
Feb. 25, 2026 0.3000
2025
1.14 USD
Nov. 24, 2025 0.2900
Aug. 25, 2025 0.2900
May 23, 2025 0.2800
Feb. 24, 2025 0.2800
2024
1.09 USD
Oct. 29, 2024 0.2800
Aug. 23, 2024 0.2700
May 24, 2024 0.2700
Feb. 23, 2024 0.2700
2023
1.08 USD
Dec. 15, 2023 0.2700
Sept. 15, 2023 0.2700
June 15, 2023 0.2700
March 15, 2023 0.2700
2022
1.06 USD
Dec. 15, 2022 0.2700
Sept. 15, 2022 0.2621
June 15, 2022 0.2621
March 15, 2022 0.2621
2021
1.01 USD
Dec. 15, 2021 0.2524
Sept. 15, 2021 0.2524
June 15, 2021 0.2524
March 15, 2021 0.2524
2020
1.01 USD
Dec. 15, 2020 0.2524
Sept. 15, 2020 0.2524
June 15, 2020 0.2524
March 13, 2020 0.2524
2019
0.99 USD
Dec. 13, 2019 0.2524
Sept. 13, 2019 0.2451
June 14, 2019 0.2451
March 15, 2019 0.2451
2018
0.94 USD
Dec. 14, 2018 0.2451
Sept. 14, 2018 0.2379
June 15, 2018 0.2288
March 15, 2018 0.2288
2017
0.90 USD
Dec. 15, 2017 0.2288
Sept. 15, 2017 0.2221
June 15, 2017 0.2221
March 15, 2017 0.2221
2016
0.89 USD
Dec. 15, 2016 0.2221
Sept. 15, 2016 0.2221
June 15, 2016 0.2221
March 15, 2016 0.2221
2015
0.88 USD
Dec. 15, 2015 0.2221
Sept. 15, 2015 0.2178
June 15, 2015 0.2178
March 13, 2015 0.2178
2014
0.86 USD
Dec. 15, 2014 0.2178
Sept. 15, 2014 0.2135
June 13, 2014 0.2135
March 14, 2014 0.2135
2013
0.84 USD
Dec. 13, 2013 0.2135
Sept. 13, 2013 0.2093
June 14, 2013 0.2093
March 15, 2013 0.2093
2012
0.82 USD
Dec. 14, 2012 0.2093
Sept. 14, 2012 0.2052
June 15, 2012 0.2052
March 15, 2012 0.2052
2011
0.80 USD
Dec. 15, 2011 0.2052
Sept. 15, 2011 0.1992
June 15, 2011 0.1992
March 15, 2011 0.1992
2010
0.78 USD
Dec. 15, 2010 0.1992
Sept. 15, 2010 0.1934
June 15, 2010 0.1934
March 15, 2010 0.1934
2009
0.76 USD
Dec. 15, 2009 0.1934
Sept. 15, 2009 0.1878
June 15, 2009 0.1878
March 13, 2009 0.1878
2008
0.74 USD
Dec. 15, 2008 0.1878
Sept. 15, 2008 0.1878
June 13, 2008 0.1803
March 14, 2008 0.1803
2007
0.71 USD
Dec. 14, 2007 0.1803
Sept. 14, 2007 0.1750
June 15, 2007 0.1750
March 15, 2007 0.1750
2006
0.68 USD
Dec. 15, 2006 0.1750
Sept. 15, 2006 0.1699
June 15, 2006 0.1699
March 15, 2006 0.1699
2005
0.65 USD
Dec. 15, 2005 0.1699
Sept. 15, 2005 0.1650
June 15, 2005 0.1581
March 15, 2005 0.1581
2004
0.61 USD
Dec. 15, 2004 0.1581
Sept. 15, 2004 0.1535
June 15, 2004 0.1535
March 15, 2004 0.1468
2003
0.56 USD
Dec. 15, 2003 0.1468
Sept. 15, 2003 0.1388
June 13, 2003 0.1388
March 14, 2003 0.1335
2002
0.50 USD
Dec. 13, 2002 0.1335
Sept. 13, 2002 0.1271
June 14, 2002 0.1271
March 15, 2002 0.1170
2001
0.44 USD
Dec. 14, 2001 0.1170
Sept. 14, 2001 0.1114
June 15, 2001 0.1114
March 15, 2001 0.1017
2000
0.39 USD
Dec. 15, 2000 0.1017
Sept. 15, 2000 0.0969
June 15, 2000 0.0969
March 15, 2000 0.0920
1999
0.35 USD
Dec. 15, 1999 0.0920
Sept. 15, 1999 0.0891
June 15, 1999 0.0852
March 15, 1999 0.0852
1998
0.40 USD
Dec. 15, 1998 0.0852
Sept. 15, 1998 0.0814
July 30, 1998 0.0806
June 15, 1998 0.0740
March 16, 1998 0.0740
1997
0.28 USD
Dec. 15, 1997 0.0740
Sept. 15, 1997 0.0671
June 16, 1997 0.0671
March 14, 1997 0.0671
1996
0.22 USD
Dec. 16, 1996 0.0671
Sept. 16, 1996 0.0518
June 14, 1996 0.0518
March 15, 1996 0.0518
1995
0.18 USD
Dec. 15, 1995 0.0488
Sept. 15, 1995 0.0457
June 15, 1995 0.0427
March 15, 1995 0.0396
1994
0.13 USD
Dec. 15, 1994 0.0366
Oct. 5, 1994 0.0137
Sept. 15, 1994 0.0335
June 15, 1994 0.0244
March 15, 1994 0.0213
1993
0.03 USD
Dec. 15, 1993 0.0183
Sept. 27, 1993 0.0152
1992
0.03 USD
Nov. 9, 1992 0.0290
1991
0.11 USD
Aug. 9, 1991 0.0296
May 15, 1991 0.0305
Feb. 15, 1991 0.0549
1990
0.21 USD
Nov. 15, 1990 0.0549
Aug. 10, 1990 0.0549
May 1, 1990 0.0518
Feb. 1, 1990 0.0518
1989
0.20 USD
Nov. 1, 1989 0.0488
Aug. 1, 1989 0.0488
May 1, 1989 0.0488
Feb. 1, 1989 0.0488
1988
0.18 USD
Nov. 1, 1988 0.0488
Aug. 1, 1988 0.0427
May 1, 1988 0.0427
Feb. 1, 1988 0.0427
1987
0.17 USD
Nov. 1, 1987 0.0427
Aug. 1, 1987 0.0412
May 1, 1987 0.0412
Feb. 1, 1987 0.0412
1986
19.33 USD
Oct. 17, 1986 1.9329
July 18, 1986 1.9329
April 17, 1986 7.7316
Jan. 16, 1986 7.7316
1985
32.22 USD
Oct. 17, 1985 6.9278
July 17, 1985 8.5401
April 17, 1985 8.5401
Jan. 17, 1985 8.2136
Upcoming Dividends
Name Payment Date Status Amount
Arrow Financial Corporation May 26, 2026 0.3 USD
Arrow Financial Corporation Feb 25, 2026 0.3 USD
Arrow Financial Corporation Nov 24, 2025 0.29 USD
Arrow Financial Corporation Aug 25, 2025 0.29 USD
Stock Splits
Split Date Split Ratio to 1
Oct. 31, 2001 1.050000
Oct. 31, 2002 1.050000
Sept. 30, 2003 1.250000
Sept. 20, 2004 1.030000
Sept. 20, 2005 1.030000
Sept. 20, 2006 1.030000
Sept. 19, 2007 1.030000
Sept. 16, 2009 1.030000
Sept. 17, 2010 1.030000
Sept. 19, 2011 1.030000
Sept. 17, 2012 1.020000
Sept. 17, 2013 1.020000
Sept. 17, 2014 1.020000
Sept. 17, 2015 1.020000
Sept. 19, 2017 1.030000
Sept. 18, 2018 1.030000
Sept. 16, 2019 1.030000
Sept. 16, 2022 1.030000
Sept. 19, 2023 1.030000
Sept. 16, 2021 1.030000
Sept. 16, 2020 1.030000
Sept. 19, 2016 1.030000
Nov. 1, 1999 1.250000
July 30, 1998 1.100000
Nov. 12, 1997 1.050000
Oct. 9, 1996 1.100000
Oct. 10, 1995 1.040000
Oct. 5, 1994 1.040000
Oct. 5, 1993 1.040000
Nov. 9, 1992 1.040000
Aug. 9, 1991 1.020000
Jan. 31, 1989 1.050000
Jan. 27, 1988 1.050000
Sept. 2, 1987 2.000000
June 2, 1986 2.000000
Oct. 2, 1985 1.250000
May 9, 1985 1.050000
Dec. 8, 1983 1.100000
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