Arrow Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	184.07	171.34	142.02	112.98	104.99
Interest Income on Investments	26.08	23.65	20.55	16.67	10.57
Total Interest Income	210.15	194.99	162.56	129.65	115.55
Interest Paid on Deposits	75.95	78.75	50.1	9.83	3.53
Interest Paid on Borrowings	1.04	4.51	7.63	1.48	1.67
Total Interest Expense	76.98	83.26	57.73	11.31	5.2
Net Interest Income	133.16	111.73	104.83	118.34	110.36
Net Interest Income Growth (YoY)	19.18%	6.58%	-11.42%	7.24%	11.24%
Trust Income	10.3	9.95	9.44	9.71	10.14
Gain (Loss) on Sale of Investments	0.54	-2.91	-0.09	0.43	0.11
Other Non-Interest Income	20.77	20.82	19.73	20.68	19.72
Total Non-Interest Income	32.43	28.07	29.12	30.9	32.37
Non-Interest Income Growth (YoY)	15.52%	-3.58%	-5.76%	-4.54%	-0.89%
Revenues Before Loan Losses	165.6	139.81	133.95	149.24	142.72
Provision for Loan Losses	7.27	5.18	3.38	4.8	0.27
Revenue	158.32	134.63	130.57	144.44	142.45
Revenue Growth (YoY)	17.60%	3.11%	-9.61%	1.40%	16.25%
Salaries and Employee Benefits	56.29	50.14	45.3	44.69	42.52
Occupancy Expenses	7.76	7.17	6.55	6.2	5.81
Federal Deposit Insurance	2.52	2.78	2.05	1.18	1.04
Selling, General & Administrative	20.79	23.19	21.14	19.63	18.23
Other Non-Interest Expense	15.58	14	18	9.84	8.97
Total Non-Interest Expense	102.93	97.27	93.05	81.53	76.57
EBT Excluding Unusual Items	55.39	37.36	37.52	62.91	65.88
Legal Settlements	-	-	-	-	-1.48
Pretax Income	55.39	37.36	37.52	62.91	64.4
Income Tax Expense	11.44	7.65	7.45	14.11	14.55
Net Income	43.95	29.71	30.08	48.8	49.86
Net Income to Common	43.95	29.71	30.08	48.8	49.86
Net Income Growth	47.95%	-1.22%	-38.37%	-2.12%	22.12%
Basic Shares Outstanding	17	17	17	17	17
Diluted Shares Outstanding	17	17	17	17	17
Shares Change (YoY)	-1.38%	-1.71%	-0.13%	0.04%	0.81%
EPS (Basic)	2.66	1.77	1.77	2.87	2.93
EPS (Diluted)	2.65	1.77	1.77	2.86	2.92
EPS Growth	49.72%	0.27%	-38.28%	-2.05%	20.86%
Dividend Per Share	1.140	1.090	1.060	1.030	0.960
Dividend Growth	4.59%	2.83%	2.91%	7.29%	3.00%
Effective Tax Rate	20.64%	20.47%	19.84%	22.43%	22.59%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.