Arrow Financial Corporation (AROW)

Arrow Financial Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	51.29	43.95	29.71	30.08	48.8	49.86
Depreciation & Amortization	5.38	5.42	5.36	6.72	7.55	7.83
Provision for Credit Losses	5.04	7.27	5.18	3.38	4.8	0.27
Stock-Based Compensation	1.26	1.14	0.81	0.82	0.86	0.79
Net Change in Loans Held-for-Sale	4.75	-1.81	-0.38	0.52	0.58	61.04
Other Adjustments	-20.97	-12.92	1.22	-0.99	-2.3	-50.56
Changes in Other Operating Activities	5.24	-1.78	-7.42	-19.95	-0.57	-1.03
Operating Cash Flow	51.97	41.28	34.47	20.58	59.71	68.21
Operating Cash Flow Growth	46.85%	19.76%	67.49%	-65.53%	-12.45%	61.19%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Change in Loans Held-for-Investment	-81.86	-75.17	-187.51	-228.9	-319.55	-85.12
Net Change in Securities and Investments	-42.44	18.7	67.78	150.3	-60.06	-183.86
Cash Acquisitions	-	-	32.35	-	-	-
Capital Expenditures	-7.32	-5.09	-5.6	-7.08	-14.25	-7.14
Sale of Property, Plant & Equipment	3.07	3.15	3.33	2.71	1.48	1.55
Other Investing Activities	-13.79	-3.04	0.7	0.32	-0.68	-0.03
Investing Cash Flow	-145.37	-61.45	-88.95	-82.65	-393.06	-274.6

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Change in Deposits	-274.13	111.54	102.68	189.2	-52.13	315.77
Long-Term Debt Issued	-	-	102.1	256.5	27	-
Long-Term Debt Repaid	-0.08	-4.41	-120.06	-284.85	-17.25	-17.53
Net Long-Term Debt Issued (Repaid)	-0.08	-4.41	-17.96	-28.35	9.75	-17.53
Issuance of Common Stock	1.28	0.58	0.72	0.69	3.01	3.82
Repurchase of Common Stock	-2.07	-10.24	-6.79	-3.61	-2.87	-2.66
Net Common Stock Issued (Repurchased)	-0.79	-9.66	-6.07	-2.92	0.14	1.16
Common Dividends Paid	-19.45	-18.9	-18.29	-17.98	-17.44	-16.3
Other Financing Activities	6.04	1.24	6.12	-	-	-
Financing Cash Flow	11.74	79.81	66.49	139.95	-59.69	283.1

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	-81.66	59.64	12.01	77.88	-393.04	76.71

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	44.65	36.19	28.87	13.5	45.46	61.07
Free Cash Flow Growth	52.72%	25.35%	113.88%	-70.31%	-25.55%	64.24%
FCF Margin	26.24%	22.86%	21.45%	10.34%	31.47%	42.87%
Free Cash Flow Per Share	2.72	2.19	1.72	0.79	2.67	3.59

SEC Filings: 10-K · 10-Q

Data Source: Fiscal.ai Last updated: Aug 6, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 13, 2026

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