Arrow Financial Corporation (AROW) financial statements (2021 and earlier)

Company profile

Business Address 250 GLEN ST
GLENS FALLS, NY 12801
State of Incorp. NY
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments383728673575146
Cash and cash equivalents381708473575146
Short-term investments222    
Disposal group, including discontinued operation      0
Total current assets:383728673575147
Noncurrent Assets
Finance lease, right-of-use asset55
Operating lease, right-of-use asset56
Property, plant and equipment38353028272728
Intangible assets, net (including goodwill)24242424252526
Goodwill22222222222222
Intangible assets, net (excluding goodwill)2222334
Total noncurrent assets:72705452525254
Other undisclosed assets3,2343,0422,8482,6362,4962,3432,117
TOTAL ASSETS:3,6893,1842,9882,7602,6052,4462,217
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1718128917015910560
Total current liabilities:1718128917015910560
Noncurrent Liabilities
Other undisclosed liabilities3,3372,7012,4302,3412,2142,1271,956
Total liabilities:3,3542,8832,7192,5112,3722,2322,016
Stockholders' equity
Stockholders' equity attributable to parent334302270250233214201
Common stock20201918181717
Treasury stock, value(81)(80)(79)(79)(77)(77)(77)
Additional paid in capital354335315290271251240
Accumulated other comprehensive loss(1)(6)(14)(9)(7)(8)(7)
Retained earnings42332929293229
Unearned esop shares  (0)(0)(0)(1)(1)
Total stockholders' equity:334302270250233214201
TOTAL LIABILITIES AND EQUITY:3,6893,1842,9882,7602,6052,4462,217

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues149928282895
Insurance commissions and fees778
Gain on disposition of assets for financial service operations410
Net investment income      67
Other operating income3111111
Financial services revenue27272727
Cost of revenue(9)(2)(3)(3)(2)(1)(2)
Provision for loan, lease, and other losses(9)(2)(3)
Financial services costs(3)(2)(1)(2)
Gross profit:57725262793
Operating expenses(11)(11)(22)(58)(54)(52)(57)
Other operating expense, net
(Other Expenses)
(3)(5)(4) (4)(4)(4)
Operating income (loss):(9)(8)(18)(33)(32)(29)33
Nonoperating income
(Investment Income, Nonoperating)
1121109785777167
Interest and debt expense(13)(22)(12)(7)(5)(5)(6)
Income from continuing operations before income taxes:90806645393794
Income tax expense(11)(10)(9)(11)(11)(11)(10)
Net income:79705734282684
Other undisclosed net loss attributable to parent(38)(33)(20)(5)(1)(2)(61)
Net income attributable to parent:41373629272523
Other undisclosed net loss available to common stockholders, basic (38) (30)(27)(25)(24)
Net income (loss) available to common stockholders, diluted:41(1)36(1)(0)(0)(0)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:79705734282684
Other comprehensive income (loss) 7(5)(0)1(1)(3)
Comprehensive income:79785234292581
Other undisclosed comprehensive loss, net of tax, attributable to parent(32)(33)(20)(5)(1)(2)(61)
Comprehensive income, net of tax, attributable to parent:46453129282421

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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