Arrow Financial Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest Income on Loans	181.69	171.34	142.02	112.98	104.99	100.49
Interest Income on Investments	24.75	23.65	20.55	16.67	10.57	11.4
Total Interest Income	206.44	194.99	162.56	129.65	115.55	111.9
Interest Paid on Deposits	77.5	78.75	50.1	9.83	3.53	10.63
Interest Paid on Borrowings	1.23	4.51	7.63	1.48	1.67	2.07
Total Interest Expense	78.73	83.26	57.73	11.31	5.2	12.69
Net Interest Income	127.71	111.73	104.83	118.34	110.36	99.2
Net Interest Income Growth (YoY)	18.62%	6.58%	-11.42%	7.24%	11.24%	12.67%
Trust Income	10.15	9.95	9.44	9.71	10.14	8.89
Gain (Loss) on Sale of Investments	-2.4	-2.91	-0.09	0.43	0.11	-0.46
Other Non-Interest Income	20	20.82	19.73	20.68	19.72	20.34
Total Non-Interest Income	28.39	28.07	29.12	30.9	32.37	32.66
Non-Interest Income Growth (YoY)	-9.38%	-3.58%	-5.76%	-4.54%	-0.89%	14.37%
Revenues Before Loan Losses	156.1	139.81	133.95	149.24	142.72	131.86
Provision for Loan Losses	9.28	5.18	3.38	4.8	0.27	9.32
Revenue	146.82	134.63	130.57	144.44	142.45	122.54
Revenue Growth (YoY)	7.84%	3.11%	-9.61%	1.40%	16.25%	7.00%
Salaries and Employee Benefits	52.44	50.14	45.3	44.69	42.52	39.9
Occupancy Expenses	7.75	7.17	6.55	6.2	5.81	5.61
Federal Deposit Insurance	2.62	2.78	2.05	1.18	1.04	1.06
Selling, General & Administrative	24.88	23.19	21.14	19.63	18.23	16.28
Other Non-Interest Expense	15.28	14	18	9.84	8.97	7.82
Total Non-Interest Expense	102.97	97.27	93.05	81.53	76.57	70.68
EBT Excluding Unusual Items	43.85	37.36	37.52	62.91	65.88	51.86
Legal Settlements	-	-	-	-	-1.48	-
Pretax Income	43.85	37.36	37.52	62.91	64.4	51.86
Income Tax Expense	9.44	7.65	7.45	14.11	14.55	11.04
Net Income	34.41	29.71	30.08	48.8	49.86	40.83
Net Income to Common	34.41	29.71	30.08	48.8	49.86	40.83
Net Income Growth	4.39%	-1.22%	-38.37%	-2.12%	22.12%	8.95%
Basic Shares Outstanding	17	17	17	17	17	17
Diluted Shares Outstanding	17	17	17	17	17	17
Shares Change (YoY)	-1.45%	-1.71%	-0.13%	0.04%	0.81%	0.30%
EPS (Basic)	2.07	1.77	1.77	2.87	2.93	2.42
EPS (Diluted)	2.07	1.77	1.77	2.86	2.92	2.42
EPS Growth	5.41%	0.27%	-38.28%	-2.05%	20.86%	8.61%
Dividend Per Share	1.130	1.090	1.060	1.030	0.960	0.932
Dividend Growth	4.24%	2.83%	2.91%	7.29%	3.00%	3.00%
Effective Tax Rate	21.53%	20.47%	19.84%	22.43%	22.59%	21.28%

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