# Arrow Financial Corp (AROW)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/arrow-financial-corp/ JSON: https://steadybase.io/company/arrow-financial-corp.json Checked Nov 10, 2026. Latest filing read: Aug 6, 2026.

## Company

- Legal name: ARROW FINANCIAL CORP
- Ticker: AROW (Nasdaq)
- SEC CIK: 0000717538
- Industry: National Commercial Banks (SIC 6021)
- Headquarters: Glens Falls, NY
- Fiscal year ends: December 31
- SEC filer category: Accelerated filer
- Website: arrowfinancial.com
- LinkedIn: https://www.linkedin.com/company/arrow-financial-corporation
- Next earnings date: Nov 7, 2026

## Key facts

- Revenue: $184.1M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 6, 2026). Source: https://www.sec.gov/Archives/edgar/data/717538/000071753826000037/0000717538-26-000037-index.html
- Net income: $44.0M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 6, 2026). Source: https://www.sec.gov/Archives/edgar/data/717538/000071753826000037/0000717538-26-000037-index.html
- Employees: 578 as of Dec 31, 2025, as reported in an SEC filing. Source: https://www.sec.gov/Archives/edgar/data/717538/000071753826000037/arow-20251231.htm
- Shares outstanding: 18,535,102 as of Oct 30, 2026 (10-Q filed Nov 9, 2026). Source: https://www.sec.gov/Archives/edgar/data/717538/000071753826000138/0000717538-26-000138-index.html
- Auditor: Crowe LLP, Indianapolis, Indiana, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/717538/000071753826000037/arow-20251231.htm

## Business

Arrow was incorporated on March 21, 1983 and is registered as a bank holding company within the meaning of the Bank Holding Company Act of 1956. As of December 31, 2025 the Company had one wholly-owned banking subsidiary, Arrow Bank National Association. Through Arrow Bank, Arrow indirectly owns various non-bank subsidiaries, including an insurance agency, a registered investment adviser and a REIT. See "The Company and Its Subsidiaries," above.

Source: Item 1. Business, https://www.sec.gov/Archives/edgar/data/717538/000071753826000037/arow-20251231.htm

## Annual results

| Fiscal year ended | Revenue | Net income |
|---|---|---|
| Dec 31, 2025 | $184.1M | $44.0M |
| Dec 31, 2024 | $171.3M | $29.7M |
| Dec 31, 2023 | $142.0M | $30.1M |
| Dec 31, 2022 | $113.0M | $48.8M |
| Dec 31, 2021 | $105.0M | $49.9M |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/arrow-financial-corp.json

## Officers and directors

- David S. DeMarco, President & CEO. Source: Form 4 filed Sep 9, 2026, https://www.sec.gov/Archives/edgar/data/717538/000146324926000008/0001463249-26-000008-index.htm
- Penko Krassimir Ivanov, SEVP, Treasurer and CFO. Source: Form 4 filed Feb 2, 2026, https://www.sec.gov/Archives/edgar/data/717538/000157782726000002/0001577827-26-000002-index.htm
- Andrew J. Wise, SEVP, Chief Risk Officer. LinkedIn: https://linkedin.com/in/awise1. Source: Form 4 filed Feb 2, 2026, https://www.sec.gov/Archives/edgar/data/717538/000172983726000002/0001729837-26-000002-index.htm
- Brooke M. Pancoe, EVP, Chief HR Officer. Source: Form 4 filed Feb 2, 2026, https://www.sec.gov/Archives/edgar/data/717538/000201764526000002/0002017645-26-000002-index.htm
- Marc Yrsha, SEVP, Chief Banking Officer. LinkedIn: https://linkedin.com/in/marcyrsha. Source: Form 4 filed Feb 2, 2026, https://www.sec.gov/Archives/edgar/data/717538/000201561526000002/0002015615-26-000002-index.htm
- Michael Joseph Jacobs, EVP, Chief Information Officer. Source: Form 4 filed Feb 2, 2026, https://www.sec.gov/Archives/edgar/data/717538/000201727726000002/0002017277-26-000002-index.htm
- Rocco F. Arcuri, Sr., director. Source: 8-K filed Jul 1, 2026, https://www.sec.gov/Archives/edgar/data/717538/000071753826000100/arow-20260701.htm

## Recent 8-K events

- Oct 29, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 7.01, Regulation FD disclosure; Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/717538/000071753826000134/arow-20261028.htm
- Sep 10, 2026: Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/717538/000071753826000123/arow-20260910.htm
- Jul 23, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 7.01, Regulation FD disclosure; Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/717538/000071753826000110/arow-20260722.htm
- Jul 1, 2026: Item 2.01, Completion of acquisition or disposition of assets; Item 5.02, Departure or appointment of directors or officers; compensation; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/717538/000071753826000100/arow-20260701.htm
- Jun 11, 2026: Item 8.01, Other events. Source: https://www.sec.gov/Archives/edgar/data/717538/000071753826000090/arow-20260609.htm
- Jun 4, 2026: Item 5.07, Submission of matters to a vote of security holders. Source: https://www.sec.gov/Archives/edgar/data/717538/000071753826000085/arow-20260603.htm
- Jun 3, 2026: Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/717538/000071753826000081/arow-20260603.htm
- Jun 1, 2026: Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/717538/000071753826000070/arow-20260601.htm
- Apr 30, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 7.01, Regulation FD disclosure; Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/717538/000071753826000050/arow-20260429.htm
- Feb 26, 2026: Item 1.01, Entry into a material definitive agreement; Item 7.01, Regulation FD disclosure; Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/717538/000071753826000030/arow-20260225.htm

## Insider trades (Form 4)

- Jun 17, 2026: Mark Behan (Director) sold 4,110 shares, about $158,605. Source: https://www.sec.gov/Archives/edgar/data/717538/000169217526000006/0001692175-26-000006-index.htm
- Dec 24, 2025: David S. DeMarco (President & CEO) bought 3,035 shares, about $96,452. Source: https://www.sec.gov/Archives/edgar/data/717538/000146324925000005/0001463249-25-000005-index.htm
- Nov 10, 2025: Daniel James White (Director) bought 1,644 shares, about $49,550. Source: https://www.sec.gov/Archives/edgar/data/717538/000204577125000013/0002045771-25-000013-index.htm
- Nov 4, 2025: Penko Krassimir Ivanov (SEVP, Treasurer and CFO) bought 1,620 shares, about $48,308. Source: https://www.sec.gov/Archives/edgar/data/717538/000157782725000011/0001577827-25-000011-index.htm
- Sep 10, 2025: Penko Krassimir Ivanov (SEVP, Treasurer and CFO) bought 5,000 shares, about $145,499. Source: https://www.sec.gov/Archives/edgar/data/717538/000157782725000009/0001577827-25-000009-index.htm
- Aug 27, 2025: Penko Krassimir Ivanov (SEVP, Treasurer and CFO) bought 12,000 shares, about $353,486. Source: https://www.sec.gov/Archives/edgar/data/717538/000157782725000007/0001577827-25-000007-index.htm
- Aug 6, 2025: Penko Krassimir Ivanov (SEVP, Treasurer and CFO) bought 1,425 shares, about $37,763. Source: https://www.sec.gov/Archives/edgar/data/717538/000157782725000004/0001577827-25-000004-index.htm

## Latest filings

- 8-K filed Oct 29, 2026: https://www.sec.gov/Archives/edgar/data/717538/000071753826000134/arow-20261028.htm
- 10-K filed Mar 6, 2026: https://www.sec.gov/Archives/edgar/data/717538/000071753826000037/arow-20251231.htm
- 10-Q filed Aug 6, 2026: https://www.sec.gov/Archives/edgar/data/717538/000071753826000117/arow-20260630.htm
- DEF 14A filed Apr 23, 2026: https://www.sec.gov/Archives/edgar/data/717538/000071753826000045/arow-20260423.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
Steadybase covers US-headquartered public companies that file with the SEC. API and MCP access: https://steadybase.io/docs/