Arrow Financial (AROW) Revenue & Revenue Breakdown
Arrow Financial Revenue Highlights
Latest Revenue (Y)
$191.68M
Latest Revenue (Q)
$55.83M
Main Segment (Y)
Deposit Account
Arrow Financial Revenue by Period
Arrow Financial Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $191.68M | 28.44% |
| 2022-12-31 | $149.24M | 4.57% |
| 2021-12-31 | $142.72M | 8.24% |
| 2020-12-31 | $131.86M | 13.08% |
| 2019-12-31 | $116.60M | 3.22% |
| 2018-12-31 | $112.97M | 7.29% |
| 2017-12-31 | $105.30M | 5.94% |
| 2016-12-31 | $99.39M | 5.68% |
| 2015-12-31 | $94.05M | 5.19% |
| 2014-12-31 | $89.41M | 6.09% |
| 2013-12-31 | $84.28M | -0.29% |
| 2012-12-31 | $84.52M | 0.57% |
| 2011-12-31 | $84.04M | 4.57% |
| 2010-12-31 | $80.37M | 0.04% |
| 2009-12-31 | $80.33M | 9.30% |
| 2008-12-31 | $73.50M | 17.45% |
| 2007-12-31 | $62.58M | 1.51% |
| 2006-12-31 | $61.65M | -2.08% |
| 2005-12-31 | $62.96M | 0.85% |
| 2004-12-31 | $62.43M | 1.56% |
| 2003-12-31 | $61.47M | 0.19% |
| 2002-12-31 | $61.35M | 10.14% |
| 2001-12-31 | $55.70M | 14.98% |
| 2000-12-31 | $48.45M | 2.42% |
| 1999-12-31 | $47.30M | 8.74% |
| 1998-12-31 | $43.50M | 10.97% |
| 1997-12-31 | $39.20M | -30.86% |
| 1996-12-31 | $56.70M | 12.50% |
| 1995-12-31 | $50.40M | 17.48% |
| 1994-12-31 | $42.90M | 3.62% |
| 1993-12-31 | $41.40M | - |
Arrow Financial generated $191.68M in revenue during NA 2023, up 28.44% compared to the previous quarter, and up 169.68% compared to the same period a year ago.
Arrow Financial Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $55.83M | 2.37% |
| 2024-03-31 | $54.53M | 5.26% |
| 2023-12-31 | $51.81M | 55.10% |
| 2023-09-30 | $33.40M | 2.22% |
| 2023-06-30 | $32.68M | -6.02% |
| 2023-03-31 | $34.77M | -7.88% |
| 2022-12-31 | $37.74M | -2.54% |
| 2022-09-30 | $38.73M | 5.29% |
| 2022-06-30 | $36.78M | 2.21% |
| 2022-03-31 | $35.99M | 3.44% |
| 2021-12-31 | $34.79M | -4.24% |
| 2021-09-30 | $36.33M | -1.37% |
| 2021-06-30 | $36.84M | 5.97% |
| 2021-03-31 | $34.76M | -2.23% |
| 2020-12-31 | $35.56M | 5.83% |
| 2020-09-30 | $33.60M | 4.97% |
| 2020-06-30 | $32.01M | 4.25% |
| 2020-03-31 | $30.70M | 2.34% |
| 2019-12-31 | $30.00M | 0.02% |
| 2019-09-30 | $29.99M | 4.86% |
| 2019-06-30 | $28.60M | 2.12% |
| 2019-03-31 | $28.01M | -1.57% |
| 2018-12-31 | $28.46M | 0.38% |
| 2018-09-30 | $28.35M | -1.82% |
| 2018-06-30 | $28.87M | 5.80% |
| 2018-03-31 | $27.29M | 0.83% |
| 2017-12-31 | $27.07M | 1.03% |
| 2017-09-30 | $26.79M | 1.93% |
| 2017-06-30 | $26.28M | 4.48% |
| 2017-03-31 | $25.16M | 0.57% |
| 2016-12-31 | $25.01M | 0.09% |
| 2016-09-30 | $24.99M | -0.62% |
| 2016-06-30 | $25.15M | 3.75% |
| 2016-03-31 | $24.24M | 1.13% |
| 2015-12-31 | $23.97M | 1.06% |
| 2015-09-30 | $23.71M | 0.45% |
| 2015-06-30 | $23.61M | 3.73% |
| 2015-03-31 | $22.76M | -0.96% |
| 2014-12-31 | $22.98M | 1.18% |
| 2014-09-30 | $22.71M | 2.50% |
| 2014-06-30 | $22.16M | 2.79% |
| 2014-03-31 | $21.56M | -0.30% |
| 2013-12-31 | $21.62M | 2.64% |
| 2013-09-30 | $21.07M | 1.98% |
| 2013-06-30 | $20.66M | -1.31% |
| 2013-03-31 | $20.93M | -0.96% |
| 2012-12-31 | $21.13M | -1.06% |
| 2012-09-30 | $21.36M | 1.41% |
| 2012-06-30 | $21.06M | 0.46% |
| 2012-03-31 | $20.96M | 2.15% |
| 2011-12-31 | $20.52M | -8.92% |
| 2011-09-30 | $22.53M | 8.28% |
| 2011-06-30 | $20.81M | 3.15% |
| 2011-03-31 | $20.17M | 3.56% |
| 2010-12-31 | $19.48M | -4.85% |
| 2010-09-30 | $20.47M | -1.02% |
| 2010-06-30 | $20.68M | 4.84% |
| 2010-03-31 | $19.73M | -0.49% |
| 2009-12-31 | $19.83M | 3.38% |
| 2009-09-30 | $19.18M | -2.30% |
| 2009-06-30 | $19.63M | -9.54% |
| 2009-03-31 | $21.70M | 19.74% |
| 2008-12-31 | $18.12M | -5.62% |
| 2008-09-30 | $19.20M | 3.54% |
| 2008-06-30 | $18.55M | 5.17% |
| 2008-03-31 | $17.63M | 9.98% |
| 2007-12-31 | $16.03M | - |
Arrow Financial generated $55.83M in revenue during Q2 2024, up 2.37% compared to the previous quarter, and up 160.56% compared to the same period a year ago.
Arrow Financial Revenue Breakdown
Arrow Financial Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Deposit Account | $10.80M | $11.63M | $11.46M | $10.00M | $10.18M |
| Fiduciary and Trust | $9.44M | $9.71M | $10.14M | $8.89M | $8.81M |
Arrow Financial's latest annual revenue breakdown by segment (product or service), as of Dec 23: Deposit Account (53.34%), and Fiduciary and Trust (46.66%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fiduciary and Trust | $2.46M | $4.74M | $2.43M | $2.27M | $2.26M | $2.34M | $2.52M | $2.60M | $2.60M | $2.57M | $2.59M | $2.38M | $2.28M | $2.27M | $2.13M | $2.21M | $2.24M | $2.21M | $2.25M | $2.11M |
| Deposit Account | $2.54M | $5.49M | $2.72M | $2.60M | $2.71M | $3.07M | $3.05M | $2.79M | $2.97M | $2.97M | $2.92M | $2.61M | $2.65M | $2.62M | $2.28M | $2.45M | $2.61M | $2.62M | $2.54M | $2.40M |
Arrow Financial's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Deposit Account (50.86%), and Fiduciary and Trust (49.14%).
Arrow Financial Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| CBU | Community Bank System | $756.03M | $230.56M |
| NBHC | National Bank | $559.33M | $146.48M |
| BY | Byline Bancorp | $534.34M | $154.87M |
| FISI | Financial Institutions | $331.24M | $101.62M |
| WABC | Westamerica Ban | $327.54M | $79.57M |
| CTBI | Community Trust Ban | $327.31M | $92.36M |
| KRNY | Kearny Financial | $326.88M | $86.29M |
| HFWA | Heritage Financial | $303.13M | $81.83M |
| CATC | Cambridge Bancorp | $218.53M | $66.82M |
| AROW | Arrow Financial | $191.68M | $55.83M |
| HBCP | Home Bancorp | $178.87M | $49.13M |
| AMNB | American National Bankshares | $138.72M | $36.31M |
| COFS | ChoiceOne Financial Services | $114.13M | $32.45M |
| CVCY | Central Valley Community Bancorp | $109.04M | $20.13M |
| BAFN | BayFirst Financial | $102.55M | $28.88M |
| NKSH | National Bankshares | $68.16M | $18.22M |
| CWBC | Community West Bancshares | $61.39M | $27.26M |
| GSBC | Great Southern Bancorp | $46.29M | $84.15M |
| AFBI | Affinity Bancshares | $45.17M | $12.93M |
| FCCO | First Community | $10.42M | $25.48M |
| HTBK | Heritage Commerce | $9.00K | $61.25M |
AROW Revenue FAQ
What is Arrow Financial’s yearly revenue?
Arrow Financial's yearly revenue for 2023 was $191.68M, representing an increase of 28.44% compared to 2022. The company's yearly revenue for 2022 was $149.24M, representing an increase of 4.57% compared to 2021. AROW's yearly revenue for 2021 was $142.72M, representing an increase of 8.24% compared to 2020.
What is Arrow Financial’s quarterly revenue?
Arrow Financial's quarterly revenue for Q2 2024 was $55.83M, a 2.37% increase from the previous quarter (Q1 2024), and a 70.84% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $54.54M, a 5.26% increase from the previous quarter (Q4 2023), and a 56.84% increase year-over-year (Q1 2023). AROW's quarterly revenue for Q4 2023 was $51.81M, a 55.10% increase from the previous quarter (Q3 2023), and a 37.26% increase year-over-year (Q4 2022).
What is Arrow Financial’s revenue growth rate?
Arrow Financial's revenue growth rate for the last 3 years (2021-2023) was 34.30%, and for the last 5 years (2019-2023) was 64.39%.
What are Arrow Financial’s revenue streams?
Arrow Financial's revenue streams in c 23 are Deposit Account, and Fiduciary and Trust. Deposit Account generated $10.8M in revenue, accounting 53.34% of the company's total revenue, down -7.12% year-over-year. Fiduciary and Trust generated $9.44M in revenue, accounting 46.66% of the company's total revenue, down -2.75% year-over-year.
What is Arrow Financial’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Arrow Financial was Deposit Account. This segment made a revenue of $10.8M, representing 53.34% of the company's total revenue.