Stocks · Financial Services · Banks - Regional
Arrow Financial Corporation AROW
$37.79 +1.40% Close, Oct 2, 2026 · NASDAQ · Market cap $624.6M
Next earnings report: Oct 29, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $3.12, up 69.6% year over year.
- Net debt is 8.2× EBITDA, a high level of leverage.
- The stock is in an uptrend: above its 200-day average for 232 trading days, with the 50-day average above the 200-day.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 14%
- EPS growth (TTM, YoY)Top 16%
- FCF growth (TTM, YoY)Top 30%
- Revenue growth, 3-year CAGRTop 50%
- Revenue growth accelerationBottom 11%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 38%
- Gross marginBottom 47%
- Operating marginBottom 37%
- Cash conversion (OCF / net income)Bottom 40%
- Accruals (lower is better)Bottom 36%
- Net debt / EBITDA (lower is better)Bottom 16%
- Interest coverBottom 25%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 34%
- Free-cash-flow yieldBottom 45%
- EBITDA / enterprise valueBottom 35%
- Sales / enterprise valueBottom 30%
- P/E vs own 5-year history (lower is better)Top 44%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 13%
- 6-month returnTop 38%
- 1-year return vs S&P 500Top 15%
- Distance from 52-week highBottom 45%
- Trend checklist (0–4)Top 48%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 32%
- Consecutive EPS beatsBottom 17%
- Upside to consensus price targetTop 40%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 44%
- Maximum drawdown, 3 yearsBottom 46%
- Beta vs S&P 500 (lower is better)Bottom 42%
- Net debt / EBITDA (lower is better)Bottom 16%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 8.8% | -7.9% | ↓ |
| EPS growth (YoY) | 82.4% | 69.6% | ↓ |
| Gross margin | 61.0% | 63.6% | ↑ |
| Operating margin | 16.9% | 16.2% | ↓ |
| FCF margin | 12.7% | 21.1% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -7.9% | 8.8% | ↓ | Bottom 14% |
| EPS growth (TTM, YoY) | 69.6% | 82.4% | ↓ | Top 16% |
| Gross margin | 63.6% | 61.0% | ↑ | Bottom 47% |
| Operating margin | 16.2% | 16.9% | ↓ | Bottom 37% |
| Net margin | 24.2% | 13.3% | ↑ | — |
| Free-cash-flow margin | 21.1% | 12.7% | ↑ | — |
| Return on invested capital | 3.3% | — | Top 38% | |
| Revenue growth, 3-year CAGR | 14.7% | — | Top 50% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.01×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -0.0%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.6%
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 8.20×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 0.5×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 3.11%
- Net buyback yield (TTM)
- 0.10%
- Shareholder yield
- 3.21%
- Share count change, 1 year
- -0.7%
- Share count change, 3-year CAGR
- -1.2%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 4 of 8
- Average EPS surprise, last 4
- +1.1%
- Average 2-day reaction, last 8
- -0.1%
- Positive 20 days after report
- 6 of 8
Analysts
- Consensus price target
- $45.00
- Target vs current price
- +19.1%
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 23, 2026 | -16.5% | -3.9% | -1.7% | -6.3% | — |
| Apr 30, 2026 | +7.6% | +2.2% | +2.5% | +2.7% | +11.4% |
| Jan 29, 2026 | +6.2% | +2.2% | +10.7% | +5.8% | +11.2% |
| Oct 30, 2025 | +6.9% | +2.6% | +17.2% | +15.3% | +23.4% |
| Jul 24, 2025 | +16.7% | +1.2% | +0.4% | +5.3% | -2.5% |
| May 1, 2025 | -10.9% | -0.5% | +4.0% | +5.8% | +11.1% |
| Jan 30, 2025 | -17.5% | -2.1% | -1.2% | -3.2% | -10.5% |
| Oct 31, 2024 | +0.0% | -2.7% | +13.9% | +12.5% | -5.8% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 23, 2026 | $0.71 | $0.85 | -16.5% | $44.2M |
| Apr 30, 2026 | $0.85 | $0.79 | +7.6% | $44.8M |
| Jan 29, 2026 | $0.85 | $0.80 | +6.2% | $43.4M |
| Oct 30, 2025 | $0.77 | $0.72 | +6.9% | $42.8M |
| Jul 24, 2025 | $0.70 | $0.60 | +16.7% | $40.1M |
| May 1, 2025 | $0.38 | $0.43 | -10.9% | $39.2M |
| Jan 30, 2025 | $0.47 | $0.57 | -17.5% | $33.9M |
| Oct 31, 2024 | $0.53 | $0.53 | +0.0% | $36.6M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 12.1× | 12.1× | 48th | Top 34% |
| P/E (forward) | 10.8× | — | — | — |
| EV / EBITDA | 25.0× | — | — | Bottom 35% |
| EV / Sales | 4.38× | — | — | Bottom 30% |
| Free-cash-flow yield | 7.15% | — | — | Bottom 45% |
| Earnings yield | 8.26% | — | — | Top 34% |
P/E over the past five years
Range 7.3× – 16.4× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +35.7%
- Earnings per share growth (TTM)
- +69.6%
- Change in P/E multiple
- -14.2%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 232
- 50-day average slope (20 days)
- -2.9%
- 200-day average slope (20 days)
- +2.1%
- Distance from 50-day average
- -2.3%
- Distance from 200-day average
- +3.8%
- RSI (14)
- 47.1
- Relative volume
- 0.68×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 19.5%
- Volatility vs own 5-year history
- 3th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.77
- Correlation with S&P 500
- 0.44
- Current drawdown from 1-year high
- -11.1%
- Maximum drawdown, 3 years
- -30.6%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 5, 2021 | Oct 3, 2023 | -54.3% | 478 days | 636 days (Apr 17, 2026) |
| Jul 16, 2026 | Sep 30, 2026 | -13.3% | 53 days | Not yet recovered |
| May 10, 2021 | Sep 21, 2021 | -13.2% | 93 days | 33 days (Nov 5, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $624.6M
- P/E (TTM)
- 12.1
- EPS, diluted (TTM)
- $3.12
- Revenue (TTM)
- $211.9M
- Dividend yield
- 3.15%
- 52-week range
- $25.88 – $42.70
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $147.9M | $160.5M | $191.7M | $223.1M | $242.6M |
| Gross profit | $142.5M | $144.4M | $130.6M | $134.6M | $158.3M |
| Operating income | $64.4M | $62.9M | $37.5M | $37.4M | $55.4M |
| Net income | $49.9M | $48.8M | $30.1M | $29.7M | $44.0M |
| EPS (diluted) | $2.92 | $2.86 | $1.77 | $1.77 | $2.65 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $57.6M | $55.1M | $58.2M | $59.2M | $62.3M | $62.9M | $62.4M | $24.2M |
| Net income | $9.0M | $4.5M | $6.3M | $10.8M | $12.8M | $14.0M | $13.5M | $11.0M |
| EPS (diluted) | $0.54 | $0.27 | $0.38 | $0.65 | $0.78 | $0.85 | $0.82 | $0.67 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $68.2M | $59.7M | $20.6M | $34.5M | $41.3M |
| Capital expenditure | -$7.1M | -$14.3M | -$7.1M | -$5.6M | -$5.1M |
| Free cash flow | $61.1M | $45.5M | $13.5M | $28.9M | $36.2M |
| Dividends paid | -$16.3M | -$17.4M | -$18.0M | -$18.3M | -$18.9M |
| Net share buybacks | -$826,000 | -$968,000 | -$3.1M | -$6.8M | -$9.7M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $30.9M
- Total assets
- $4.48B
- Total liabilities
- $4.04B
- Total debt
- $335.1M
- Net debt
- $304.2M
- Shareholders’ equity
- $446.3M
As of Jun 30, 2026 (filed Aug 6, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 11, 2026 | $0.30 | Aug 25, 2026 |
| May 12, 2026 | $0.30 | May 26, 2026 |
| Feb 11, 2026 | $0.30 | Feb 25, 2026 |
| Nov 12, 2025 | $0.29 | Nov 24, 2025 |
| Aug 11, 2025 | $0.29 | Aug 25, 2025 |
| May 13, 2025 | $0.28 | May 23, 2025 |
| Feb 10, 2025 | $0.28 | Feb 24, 2025 |
| Oct 15, 2024 | $0.28 | Oct 29, 2024 |
Short interest
- Shares sold short
- 616,293
- Days to cover
- 7.96
- Change vs previous report
- +13.1%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Sep 19, 2023
- 103-for-100
- Sep 16, 2022
- 103-for-100
- Sep 16, 2021
- 103-for-100
- Sep 16, 2020
- 103-for-100
- Sep 16, 2019
- 103-for-100