← ARROW FINANCIAL CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $26.5m |
$29.3m
+10.52%
|
$36.3m
+23.71%
|
$37.5m
+3.30%
|
$40.8m
+8.94%
|
$49.9m
+22.12%
|
$48.8m
-2.12%
|
$30.1m
-38.37%
|
$29.7m
-1.22%
|
$44.0m
+47.95%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($441k) |
($691k)
-56.69%
|
— | ($677k) | — | — | — | — | — | $43.8m | — | |
| Depreciation and amortization | $5.9m | $5.4m | $4.8m | $5.5m | $6.9m | $7.8m | $7.5m | $6.7m | $5.4m | $5.4m | $5.4m | |
| Amortization of Intangible Assets | $557k | $500k | $437k | $359k | $332k | $468k | $428k | $390k | $455k | $526k | — | |
| Depreciation | $1.9m | $1.9m | $1.9m | $2.2m | $3.1m | $3.0m | $3.3m | $3.8m | $4.4m | $4.7m | $5.4m | |
| Deferred Income Tax Expense (Benefit) | ($283k) | ($1.5m) | ($92k) | $344k | ($2.2m) | $945k | ($1.3m) | $1.8m | ($789k) | $193k | ($2.1m) | |
| Share-based Payment Arrangement, Noncash Expense | $287k | $351k | $322k | $316k | $301k | $282k | $312k | $605k | $314k | $683k | $1.3m | |
| Share-based Payment Arrangement, Expense | — | — | $356k | $391k | $420k | $414k | $451k | $284k | $197k | $104k | $1.3m | |
| Impairment of Intangible Assets, Finite-lived | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | $4.8m | $3.4m | $5.2m | $7.3m | — | |
| Increase (Decrease) in Other Operating Assets | $1.6m | $157k | $1.2m | $12.5m | $2.3m | $5.1m | $1.4m | $29.2m | $8.2m | $2.1m | — | |
| Increase (Decrease) in Other Operating Liabilities | $1.1m | $982k | ($676k) | $10.0m | $586k | $4.0m | $857k | $9.3m | $787k | $325k | — | |
| Gain (Loss) on Disposition of Other Assets | ($232k) | ($210k) | ($159k) | ($882k) | $161k | ($277k) | ($167k) | ($187k) | ($404k) | ($288k) | — | |
| Net Cash Provided by (Used in) Operating Activities | $34.7m |
$37.8m
+9.03%
|
$42.0m
+10.97%
|
$43.9m
+4.69%
|
$42.3m
-3.71%
|
$68.2m
+61.19%
|
$59.7m
-12.45%
|
$20.6m
-65.54%
|
$34.5m
+67.49%
|
$41.3m
+19.76%
|
$52.0m
+25.90%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $1.4m | $2.6m | $5.1m | $7.8m | $5.1m | $7.1m | $14.2m | $7.1m | $5.6m | $5.1m | ($7.3m) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $88.7m | $53.9m | $61.8m | $96.1m | $104.9m | $118.3m | $104.1m | $70.4m | $107.8m | $124.1m | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | $339k | $582k | $0 | $0 | $37k | $0 | $0 | ($9.1m) | ($3.0m) | $0 | — | |
| Payments for (Proceeds from) Other Investing Activities | $2.1m | ($963k) | $5.6m | ($5.2m) | ($5.0m) | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($157.8m) | ($148.6m) | ($227.8m) | ($192.2m) | ($187.3m) | ($274.6m) | ($393.1m) | ($82.7m) | ($89.0m) | ($61.5m) | ($145.4m) | |
| Cash flows from financing activities: | ||||||||||||
| Debt and Equity Securities, Gain (Loss) | $0 | $0 | $213k | $289k | ($464k) | $111k | $427k | ($92k) | ($2.9m) | $542k | — | |
| Payments for Repurchase of Common Stock | $2.1m | $3.2m | $2.1m | $2.5m | $1.6m | $2.7m | $2.9m | $3.6m | $6.8m | $10.2m | — | |
| Payments of Ordinary Dividends, Common Stock | $13.1m | $13.6m | $14.4m | $15.2m | $15.7m | $16.3m | $17.4m | — | — | — | ($19.4m) | |
| Net Cash Provided by (Used in) Financing Activities | $129.4m |
$126.2m
-2.44%
|
$197.2m
+56.23%
|
$134.3m
-31.91%
|
$455.8m
+239.45%
|
$283.1m
-37.89%
|
($59.7m)
-121.08%
|
$139.9m
+334.47%
|
$66.5m
-52.49%
|
$79.8m
+20.03%
|
$11.7m
-85.29%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $6.3m | $15.5m | $11.4m | ($14.0m) | $310.8m | $76.7m | ($393.0m) | $77.9m | $12.0m | $59.6m | $186.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $70.2m | $381.0m | $457.7m | $64.7m | $142.5m | $154.5m | $214.2m | $186.8m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Provision for Loan, Lease, and Other Losses | $2.0m | $2.7m | $2.6m | $2.1m | — | — | — | — | — | — | $5.0m | |
| Gain (Loss) on Sales of Loans, Net | $821k | $546k | $135k | $622k | $3.9m | $2.4m | $83k | $32k | $209k | $819k | — | |
| Proceeds from Stock Options Exercised | $2.4m | $1.2m | $2.3m | $1.8m | $748k | $1.5m | $631k | $96k | $433k | $256k | — | |
| Parent Company | $13.1m | $13.6m | $14.4m | $15.2m | $15.7m | $16.3m | $17.4m | — | — | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $12.2m | $20.8m | $13.8m | $5.4m | $5.8m | $51.8m | $84.5m | $77.2m | — | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $18.6m | — | |
| Additional Financial Items | ||||||||||||
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | — | — | — | ($577k) | — | — | — | — | |
| Equity Securities, FV-NI, Gain (Loss) | $0 | $0 | $213k | $289k | ($427k) | $111k | $427k | $9.0m | $131k | $542k | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | $0 | $0 | $213k | $289k | ($427k) | $111k | $427k | ($249k) | $131k | $542k | — | |
| Gain (Loss) on Disposition of Business | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Sale of Financing Receivable | — | — | — | — | $3.9m | $2.4m | $83k | $32k | $209k | $819k | — | |
| Goodwill | $21.9m | $21.9m | $21.9m | $21.9m | $21.9m | $21.9m | $21.9m | $21.9m | $23.8m | $23.8m | — | |
| Income Tax Expense (Benefit) | $11.2m | $10.5m | $9.0m | $9.6m | $11.0m | $14.5m | $14.1m | $7.4m | $7.6m | $11.4m | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $9.3m | $272k | — | — | — | — | — | |
| Stock or Unit Option Plan Expense | — | $353k | $174k | $180k | $0 | $0 | — | — | — | — | — |