Arrow Financial Corporation (AROW) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments94867357514650
Cash and cash equivalents92847357514650
Short-term investments22     
Disposal group, including discontinued operation     0 
Total current assets:94867357514750
Noncurrent Assets
Finance lease, right-of-use asset5
Operating lease, right-of-use asset6
Property, plant and equipment40302827272829
Intangible assets, net (including goodwill)24242425252626
Goodwill22222222222222
Intangible assets, net (excluding goodwill)2223344
Total noncurrent assets:75545252525455
Other undisclosed assets2,9442,8482,6362,4962,3432,1172,058
TOTAL ASSETS:3,1132,9882,7602,6052,4462,2172,164
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt482891701591056065
Total current liabilities:482891701591056065
Noncurrent Liabilities
Other undisclosed liabilities2,7732,4302,3412,2142,1271,9561,907
Total liabilities:2,8212,7192,5112,3722,2322,0161,972
Stockholders' equity
Stockholders' equity attributable to parent292270250233214201192
Common stock20191818171717
Treasury stock, value(80)(79)(79)(77)(77)(77)(75)
Additional paid in capital335315290271251240229
Accumulated other comprehensive loss(9)(14)(9)(7)(8)(7)(4)
Retained earnings27292929322927
Unearned esop shares(0)(0)(0)(0)(1)(1)(2)
Total stockholders' equity:292270250233214201192
TOTAL LIABILITIES AND EQUITY:3,1132,9882,7602,6052,4462,2172,164

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues9928282895 
Insurance commissions and fees78
Net investment income     67 
Other operating income1111111
Financial services revenue27272727 
Cost of revenue(3)(3)(3)(2)(1)(2)(0)
Provision for loan, lease, and other losses (3)
Financial services costs(3)(2)(1)(2)(0)
Gross profit:7725262793(0)
Operating expenses(18)(22)(58)(54)(52)(57)(43)
Other operating income (expense), net
(Other Expenses)
 (4) (4)(4)(4)3
Other undisclosed operating loss(4)      
Operating income (loss):(15)(18)(33)(32)(29)33(40)
Nonoperating income
(Investment Income, Nonoperating)
107978577716764
Interest and debt expense(21)(12)(7)(5)(5)(6)(8)
Income from continuing operations before income taxes:72664539379417
Income tax expense(9)(9)(11)(11)(11)(10)(9)
Net income:6257342826848
Other undisclosed net income (loss) attributable to parent(26)(20)(5)(1)(2)(61)14
Net income attributable to parent:36362927252322
Other undisclosed net loss available to common stockholders, basic(0) (30)(27)(25)(24) 
Net income (loss) available to common stockholders, diluted:3636(1)(0)(0)(0)22

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:6257342826848
Other comprehensive income (loss)4(5)(0)1(1)(3)4
Comprehensive income:66523429258112
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(26)(20)(5)(1)(2)(61)14
Comprehensive income, net of tax, attributable to parent:40312928242126

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: