ARROW FINANCIAL CORP
AROW · National Commercial Banks · 16.5M shares · +2%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $3M (gross $4M, SBC $605K)
Reference price $38.59 · est. market cap ~$638M — last insider sale, 2026-06-17 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C68Arrow Financial — small upstate-NY bank with improving earnings, low leverage.
Strengths
- Net income +48% (72nd pct), ROE 10.2% (53rd)
- Very low leverage (6th pct)
Risks
- ROA 41st only average
- Small scale
- Rate sensitivity
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
Key metrics
Return on equity
10.2%
Return on assets
1.0%
Net-income growth
47.9%
Debt / equity
0.0×
Free cash flow
$36M
Tangible book value
$406M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-24 | O'Conor Raymond F | Option exercise | 1.1K | $31.34 |
| 2026-06-24 | O'Conor Raymond F | Tax withheld | 874 | $40.36 |
| 2026-06-18 | Behan Mark | Option exercise | 1.1K | $33.78 |
| 2026-06-18 | Behan Mark | Tax withheld | 923 | $38.80 |
| 2026-06-17 | Duffy Kristine D | Other | 195 | $38.49 |
| 2026-06-17 | Behan Mark | Sell | 4.1K | $38.59 |
| 2026-06-17 | Behan Mark | Other | 203 | $38.49 |
| 2026-06-17 | Jahnel Darrin | Other | 286 | $38.49 |
| 2026-06-17 | Read Colin L | Other | 187 | $38.49 |
| 2026-06-17 | O'Conor Raymond F | Other | 195 | $38.49 |
| 2026-06-17 | CHAMPION GREGORY J | Other | 406 | $38.49 |
| 2026-06-17 | KRUCZLNICKI DAVID G | Other | 219 | $38.49 |
| 2026-06-17 | Casaccio Tenee R | Other | 292 | $38.49 |
| 2026-06-17 | White Daniel James | Other | 219 | $38.49 |
| 2026-06-17 | Dawsey James M | Other | 373 | $38.49 |
| 2026-06-17 | Morris Philip C | Other | 195 | $38.49 |
| 2026-06-10 | O'Conor Raymond F | Gift | 300 | — |
| 2026-05-26 | Read Colin L | Gift | 119 | — |
| 2026-05-26 | Read Colin L | Gift | 119 | — |
| 2026-05-20 | Read Colin L | Gift | 500 | — |
| 2026-05-20 | Read Colin L | Gift | 500 | — |
| 2026-05-19 | Morris Philip C | Option exercise | 386 | $31.47 |
| 2026-05-18 | Read Colin L | Gift | 525 | — |
| 2026-05-18 | Read Colin L | Gift | 525 | — |
| 2026-05-11 | Morris Philip C | Other | 27 | $36.69 |
| 2026-05-11 | Morris Philip C | Option exercise | 546 | $27.04 |
| 2026-05-11 | Read Colin L | Gift | 1.9K | — |
| 2026-05-11 | Read Colin L | Gift | 1.9K | — |
| 2026-04-13 | Morris Philip C | Other | 28 | $36.33 |
| 2026-03-18 | Dawsey James M | Other | 453 | $31.76 |
| 2026-03-18 | Morris Philip C | Other | 236 | $31.76 |
| 2026-03-18 | Duffy Kristine D | Other | 236 | $31.76 |
| 2026-03-18 | Behan Mark | Other | 246 | $31.76 |
| 2026-03-18 | Miller Elizabeth | Other | 453 | $31.76 |
| 2026-03-18 | Casaccio Tenee R | Other | 354 | $31.76 |
| 2026-03-18 | Read Colin L | Other | 226 | $31.76 |
| 2026-03-18 | O'Conor Raymond F | Other | 236 | $31.76 |
| 2026-03-18 | CHAMPION GREGORY J | Other | 492 | $31.76 |
| 2026-03-18 | KRUCZLNICKI DAVID G | Other | 266 | $31.76 |
| 2026-03-18 | Jahnel Darrin | Other | 462 | $31.76 |
| 2026-03-18 | White Daniel James | Other | 266 | $31.76 |
| 2026-03-11 | Morris Philip C | Other | 31 | $34.49 |
| 2026-02-11 | Morris Philip C | Other | 29 | $35.08 |
| 2026-01-28 | Jahnel Darrin | Grant | 69 | $32.43 |
| 2026-01-28 | Duffy Kristine D | Grant | 818 | $32.43 |
| 2026-01-28 | Behan Mark | Grant | 818 | $32.43 |
| 2026-01-28 | Miller Elizabeth | Grant | 818 | $32.43 |
| 2026-01-28 | Casaccio Tenee R | Grant | 818 | $32.43 |
| 2026-01-28 | White Daniel James | Grant | 818 | $32.43 |
| 2026-01-28 | Read Colin L | Grant | 818 | $32.43 |
| 2026-01-28 | O'Conor Raymond F | Grant | 818 | $32.43 |
| 2026-01-28 | CHAMPION GREGORY J | Grant | 818 | $32.43 |
| 2026-01-28 | KRUCZLNICKI DAVID G | Grant | 818 | $32.43 |
| 2026-01-28 | Pancoe Brooke M | Grant | 2.4K | $32.43 |
| 2026-01-28 | Jacobs Michael Joseph | Grant | 2.4K | $32.43 |
| 2026-01-28 | Yrsha Marc | Grant | 4.1K | $32.43 |
| 2026-01-28 | Wise Andrew J | Grant | 4.1K | $32.43 |
| 2026-01-28 | Ivanov Penko Krassimir | Grant | 4.6K | $32.43 |
| 2026-01-28 | DeMarco David S. | Grant | 11K | $32.43 |
| 2026-01-28 | DeMarco David S. | Grant | 24K | $32.43 |
| 2026-01-28 | Dawsey James M | Grant | 818 | $32.43 |
| 2026-01-28 | Morris Philip C | Grant | 818 | $32.43 |
| 2026-01-12 | Morris Philip C | Other | 31 | $32.13 |
| 2025-12-24 | DeMarco David S. | Buy | 3.0K | $31.78 |
| 2025-12-19 | O'Conor Raymond F | Option exercise | 1.1K | $27.04 |
| 2025-12-19 | O'Conor Raymond F | Tax withheld | 925 | $31.93 |
| 2025-12-19 | O'Conor Raymond F | Option exercise | 1.1K | $27.04 |
| 2025-12-19 | O'Conor Raymond F | Tax withheld | 925 | $31.93 |
| 2025-12-19 | KRUCZLNICKI DAVID G | Option exercise | 1.1K | $27.04 |
| 2025-12-19 | KRUCZLNICKI DAVID G | Tax withheld | 925 | $31.93 |
| 2025-12-17 | O'Conor Raymond F | Gift | 300 | — |
| 2025-12-17 | O'Conor Raymond F | Gift | 150 | — |
| 2025-12-11 | Morris Philip C | Other | 31 | $31.97 |
| 2025-12-10 | Wise Andrew J | Option exercise | 3.5K | $27.04 |
| 2025-12-10 | Wise Andrew J | Tax withheld | 3.0K | $31.64 |
| 2025-11-11 | Morris Philip C | Other | 32 | $30.98 |
| 2025-11-10 | White Daniel James | Buy | 1.6K | $30.14 |
| 2025-11-04 | Ivanov Penko Krassimir | Buy | 1.6K | $29.82 |
| 2025-11-04 | Ivanov Penko Krassimir | Buy | 3 | $29.67 |
| 2025-10-13 | Morris Philip C | Other | 38 | $26.55 |
| 2025-10-08 | Duffy Kristine D | Other | 267 | $27.31 |
| 2025-10-08 | Duffy Kristine D | Other | 267 | $27.31 |
| 2025-10-08 | White Daniel James | Other | 339 | $27.31 |
| 2025-10-08 | Dawsey James M | Other | 542 | $27.31 |
| 2025-10-08 | Morris Philip C | Other | 290 | $27.31 |
| 2025-10-08 | Behan Mark | Other | 286 | $27.31 |
| 2025-10-08 | Miller Elizabeth | Other | 496 | $27.31 |
| 2025-10-08 | Casaccio Tenee R | Other | 412 | $27.31 |
| 2025-10-08 | Read Colin L | Other | 233 | $27.31 |
| 2025-10-08 | O'Conor Raymond F | Other | 290 | $27.31 |
| 2025-10-08 | CHAMPION GREGORY J | Other | 271 | $27.31 |
| 2025-10-08 | KRUCZLNICKI DAVID G | Other | 309 | $27.31 |
| 2025-09-11 | Morris Philip C | Other | 33 | $29.28 |
| 2025-09-10 | Ivanov Penko Krassimir | Buy | 4.9K | $29.10 |
| 2025-09-10 | Ivanov Penko Krassimir | Buy | 100 | $29.09 |
| 2025-08-27 | Ivanov Penko Krassimir | Buy | 7.0K | $29.50 |
| 2025-08-27 | Ivanov Penko Krassimir | Buy | 3.9K | $29.38 |
| 2025-08-26 | Ivanov Penko Krassimir | Buy | 1.1K | $29.46 |
| 2025-08-14 | Morris Philip C | Other | 35 | $28.51 |
| 2025-08-08 | Duffy Kristine D | Buy | 210 | $26.53 |
| 2025-08-06 | Ivanov Penko Krassimir | Buy | 1.4K | $26.50 |
| 2025-07-11 | Morris Philip C | Other | 37 | $27.32 |
| 2025-07-09 | Casaccio Tenee R | Other | 410 | $27.47 |
| 2025-07-09 | Read Colin L | Other | 307 | $27.47 |
| 2025-07-09 | O'Conor Raymond F | Other | 250 | $27.47 |
| 2025-07-09 | CHAMPION GREGORY J | Other | 307 | $27.47 |
| 2025-07-09 | KRUCZLNICKI DAVID G | Other | 307 | $27.47 |
| 2025-07-09 | Dawsey James M | Other | 501 | $27.47 |
| 2025-07-09 | Morris Philip C | Other | 250 | $27.47 |
| 2025-07-09 | Duffy Kristine D | Other | 284 | $27.47 |
| 2025-07-09 | Behan Mark | Other | 284 | $27.47 |
| 2025-07-09 | Miller Elizabeth | Other | 569 | $27.47 |
| 2025-07-09 | White Daniel James | Other | 262 | $27.47 |
| 2025-05-29 | Wise Andrew J | Tax withheld | 185 | $25.96 |
| 2025-05-01 | O'Conor Raymond F | Sell | 2.0K | $23.78 |
| 2025-04-09 | Morris Philip C | Other | 271 | $25.37 |
| 2025-04-09 | Duffy Kristine D | Grant | 283 | $25.37 |
| 2025-04-09 | Behan Mark | Other | 308 | $25.37 |
| 2025-04-09 | Miller Elizabeth | Other | 616 | $25.37 |
| 2025-04-09 | Casaccio Tenee R | Other | 468 | $25.37 |
| 2025-04-09 | Read Colin L | Other | 333 | $25.37 |
| 2025-04-09 | O'Conor Raymond F | Other | 271 | $25.37 |
| 2025-04-09 | White Daniel James | Other | 283 | $25.37 |
| 2025-04-09 | DAKE GARY C | Other | 641 | $25.37 |
| 2025-04-09 | KRUCZLNICKI DAVID G | Other | 333 | $25.37 |
| 2025-04-09 | CHAMPION GREGORY J | Other | 308 | $25.37 |
| 2025-04-09 | Dawsey James M | Other | 542 | $25.37 |
| 2025-04-01 | O'Conor Raymond F | Sell | 2.0K | $25.94 |
| 2025-03-03 | O'Conor Raymond F | Sell | 2.0K | $26.90 |
| 2025-02-03 | O'Conor Raymond F | Sell | 2.0K | $25.28 |
| 2025-01-31 | White Daniel James | Buy | 3.7K | $27.23 |
| 2025-01-29 | Kaiser David D | Grant | 3.3K | — |
| 2025-01-29 | White Daniel James | Grant | 181 | — |
| 2025-01-29 | Dawsey James M | Grant | 543 | — |
| 2025-01-29 | Morris Philip C | Grant | 543 | — |
| 2025-01-29 | Duffy Kristine D | Grant | 543 | — |
| 2025-01-29 | Pancoe Brooke M | Grant | 1.6K | — |
| 2025-01-29 | Jacobs Michael Joseph | Grant | 1.7K | — |
| 2025-01-29 | Yrsha Marc | Grant | 2.9K | — |
| 2025-01-29 | Wise Andrew J | Grant | 3.3K | — |
| 2025-01-29 | Behan Mark | Grant | 905 | — |
| 2025-01-29 | Miller Elizabeth | Grant | 905 | — |
| 2025-01-29 | Casaccio Tenee R | Grant | 905 | — |
| 2025-01-29 | Ivanov Penko Krassimir | Grant | 3.7K | — |
| 2025-01-29 | Read Colin L | Grant | 905 | — |
| 2025-01-29 | DeMarco David S. | Grant | 8.8K | — |
| 2025-01-29 | O'Conor Raymond F | Grant | 905 | — |
| 2025-01-29 | CHAMPION GREGORY J | Grant | 905 | — |
| 2025-01-29 | DAKE GARY C | Grant | 905 | — |
| 2025-01-29 | KRUCZLNICKI DAVID G | Grant | 905 | — |
| 2025-01-08 | Casaccio Tenee R | Other | 399 | $26.61 |
| 2025-01-08 | Duffy Kristine D | Other | 364 | $26.61 |
| 2025-01-08 | White Daniel James | Other | 489 | $26.61 |
| 2025-01-08 | Dawsey James M | Other | 235 | $26.61 |
| 2025-01-08 | Morris Philip C | Other | 117 | $26.61 |
| 2025-01-08 | Duffy Kristine D | Other | 129 | $26.61 |
| 2025-01-08 | Behan Mark | Other | 294 | $26.61 |
| 2025-01-08 | Miller Elizabeth | Other | 587 | $26.61 |
| 2025-01-08 | Casaccio Tenee R | Other | 399 | $26.61 |
| 2025-01-08 | Read Colin L | Other | 317 | $26.61 |
| 2025-01-08 | O'Conor Raymond F | Other | 258 | $26.61 |
| 2025-01-08 | CHAMPION GREGORY J | Other | 294 | $26.61 |
| 2025-01-08 | DAKE GARY C | Other | 611 | $26.61 |
| 2025-01-08 | KRUCZLNICKI DAVID G | Other | 317 | $26.61 |
| 2025-01-08 | Morris Philip C | Other | 352 | $26.61 |
| 2025-01-08 | Dawsey James M | Other | 705 | $26.61 |
| 2025-01-02 | O'Conor Raymond F | Sell | 2.0K | $28.85 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-11 | Other | filing ↗ |
| 2026-06-04 | Shareholder vote | filing ↗ |
| 2026-06-03 | Reg FDExhibits | filing ↗ |
| 2026-06-01 | OtherExhibits | filing ↗ |
| 2026-04-30 | ResultsReg FDOtherExhibits | filing ↗ |
| 2026-02-26 | Material agreementReg FDOtherExhibits | filing ↗ |
| 2026-01-29 | ResultsExec/director changeReg FDOtherExhibits | filing ↗ |
| 2025-11-25 | Exec/director changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-11 | 2026-06-09 | 0000717538-26-000090 ↗ |
| 8-K | 2026-06-04 | 2026-06-03 | 0000717538-26-000085 ↗ |
| 8-K | 2026-06-03 | 2026-06-03 | 0000717538-26-000081 ↗ |
| 8-K | 2026-06-01 | 2026-06-01 | 0000717538-26-000070 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0000717538-26-000060 ↗ |
| 8-K | 2026-04-30 | 2026-04-29 | 0000717538-26-000050 ↗ |
| 10-K/A | 2026-03-27 | 2025-12-31 | 0000717538-26-000041 ↗ |
| 10-K | 2026-03-06 | 2025-12-31 | 0000717538-26-000037 ↗ |
| 8-K | 2026-02-26 | 2026-02-25 | 0000717538-26-000030 ↗ |
| 8-K | 2026-01-29 | 2026-01-28 | 0000717538-26-000007 ↗ |
| 8-K | 2025-11-25 | 2025-11-25 | 0000717538-25-000105 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0000717538-25-000102 ↗ |