Arrow Financial Corporation (AROW)

Altus Power Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	178.98	171.34	142.02	112.98	104.99	100.49
Interest Income on Investments	23.31	23.65	20.55	16.67	10.57	11.4
Total Interest Income	202.28	194.99	162.56	129.65	115.55	111.9
Interest Paid on Deposits	77.86	78.75	50.1	9.83	3.53	10.63
Interest Paid on Borrowings	2.41	4.51	7.63	1.48	1.67	2.07
Total Interest Expense	80.27	83.26	57.73	11.31	5.2	12.69
Net Interest Income	122.02	111.73	104.83	118.34	110.36	99.2
Net Interest Income Growth (YoY)	16.68%	6.58%	-11.42%	7.24%	11.24%	12.67%
Trust Income	9.98	9.95	9.44	9.71	10.14	8.89
Gain (Loss) on Sale of Investments	-2.7	-2.91	-0.09	0.43	0.11	-0.46
Other Non-Interest Income	20.02	20.82	19.73	20.68	19.72	20.34
Total Non-Interest Income	27.81	28.07	29.12	30.9	32.37	32.66
Non-Interest Income Growth (YoY)	-11.01%	-3.58%	-5.76%	-4.54%	-0.89%	14.37%
Revenues Before Loan Losses	149.82	139.81	133.95	149.24	142.72	131.86
Provision for Loan Losses	9.4	5.18	3.38	4.8	0.27	9.32
Revenue	140.42	134.63	130.57	144.44	142.45	122.54
Revenue Growth (YoY)	5.15%	3.11%	-9.61%	1.40%	16.25%	7.00%
Salaries and Employee Benefits	51.85	50.14	45.3	44.69	42.52	39.9
Occupancy Expenses	7.6	7.17	6.55	6.2	5.81	5.61
Federal Deposit Insurance	2.68	2.78	2.05	1.18	1.04	1.06
Selling, General & Administrative	24.31	23.19	21.14	19.63	18.23	16.28
Other Non-Interest Expense	15.2	14	18	9.84	8.97	7.82
Total Non-Interest Expense	101.64	97.27	93.05	81.53	76.57	70.68
EBT Excluding Unusual Items	38.79	37.36	37.52	62.91	65.88	51.86
Legal Settlements	-	-	-	-	-1.48	-
Pretax Income	38.79	37.36	37.52	62.91	64.4	51.86
Income Tax Expense	8.23	7.65	7.45	14.11	14.55	11.04
Net Income	30.56	29.71	30.08	48.8	49.86	40.83
Net Income to Common	30.56	29.71	30.08	48.8	49.86	40.83
Net Income Growth	-3.69%	-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)	-1.44%	-1.71%	-0.13%	0.04%	0.81%	0.30%
EPS (Basic)	1.83	1.77	1.77	2.87	2.93	2.42
EPS (Diluted)	1.83	1.77	1.77	2.86	2.92	2.42
EPS Growth	-2.64%	0.27%	-38.28%	-2.05%	20.86%	8.61%
Dividend Per Share	1.110	1.090	1.060	1.030	0.960	0.932
Dividend Growth	3.55%	2.83%	2.91%	7.29%	3.00%	3.00%
Effective Tax Rate	21.21%	20.47%	19.84%	22.43%	22.59%	21.28%

Updated Jul 24, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q