Arrow Financial Corp.
- AROW ยท Nasdaq
- National Commercial Banks
- Glens Falls, NY
- 578 employees
- CIK 0000717538
Updated from SEC filings through
Top things to know
Executives
- David S. DeMarco President & CEO 4, 2026-09-09
- Penko Krassimir Ivanov SEVP, Treasurer and CFO 4, 2026-02-02
- Andrew J. Wise SEVP, Chief Risk Officer 4, 2026-02-02
- Marc Yrsha SEVP, Chief Banking Officer 4, 2026-02-02
- Brooke M. Pancoe EVP, Chief HR Officer 4, 2026-02-02
- Michael Joseph Jacobs EVP, Chief Information Officer 4, 2026-02-02
Arrow Financial Corp is a U.S. public company in national commercial banks (SIC 6021), headquartered in Glens Falls, NY. It trades as AROW on Nasdaq. Revenue was $184M in the fiscal year ending December 31, 2025, +7.4% from the year before. It reported about 578 employees. David S. DeMarco is President & CEO.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $184M 10-K, 2026-03-06 | $171M 10-K, 2026-03-06 | $142M 10-K, 2026-03-06 | $113M 10-K, 2025-03-14 | $105M 10-K, 2024-03-11 |
| Operating income | Not on file | Not on file | Not on file | Not on file | Not on file |
| SG&A | Not on file | Not on file | Not on file | Not on file | Not on file |
| Net income | $44.0M 10-K, 2026-03-06 | $29.7M 10-K, 2026-03-06 | $30.1M 10-K, 2026-03-06 | $48.8M 10-K, 2025-03-14 | $49.9M 10-K, 2024-03-11 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| David S. DeMarco | President & CEO | 4, 2026-09-09 |
| Penko Krassimir Ivanov | SEVP, Treasurer and CFO | 4, 2026-02-02 |
| Andrew J. Wise Sr. Executive Vice President, Chief Risk Officer at Arrow Financial Corporation | SEVP, Chief Risk Officer | 4, 2026-02-02 |
| Marc Yrsha SEVP - Chief Banking Officer | SEVP, Chief Banking Officer | 4, 2026-02-02 |
| Brooke M. Pancoe | EVP, Chief HR Officer | 4, 2026-02-02 |
| Michael Joseph Jacobs | EVP, Chief Information Officer | 4, 2026-02-02 |
| Rocco F. Arcuri, Sr. | director | 8-K, 2026-07-01 |
What Arrow Financial Corp does
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.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 18.5 million (as of October 30, 2026) | 10-Q, November 9, 2026 |
|---|---|---|
| Public float | $426M (as of June 30, 2025) | 10-K/A, March 27, 2026 |
| Reportable segments | 1 (period ending September 30, 2026) | 10-Q, November 9, 2026 |
| Latest proxy statement | Meeting April 23, 2026 (filed April 23, 2026) | DEF 14A, April 23, 2026 |
| Auditor | Crowe LLP (Indianapolis, Indiana) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| June 17, 2026 | Mark Behan Director | Sale | 4,110 | $159K | Form 4, June 22, 2026 |
| December 24, 2025 | David S. DeMarco President & CEO | Buy | 3,035 | $96K | Form 4, December 30, 2025 |
| November 10, 2025 | Daniel James White Director | Buy | 1,644 | $50K | Form 4, November 12, 2025 |
| November 4, 2025 | Penko Krassimir Ivanov SEVP, Treasurer and CFO | Buy | 1,620 | $48K | Form 4, November 5, 2025 |
| September 10, 2025 | Penko Krassimir Ivanov SEVP, Treasurer and CFO | Buy | 5,000 | $145K | Form 4, September 12, 2025 |
| August 27, 2025 | Penko Krassimir Ivanov SEVP, Treasurer and CFO | Buy | 12,000 | $353K | Form 4, August 28, 2025 |
| August 6, 2025 | Penko Krassimir Ivanov SEVP, Treasurer and CFO | Buy | 1,425 | $38K | Form 4, August 8, 2025 |
Recent 8-K events
- 8-K filed 2026-10-29
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- Item 8.01 Other events
- 8-K filed 2026-09-10
- Item 8.01 Other events
- 8-K filed 2026-07-23
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- Item 8.01 Other events
- 8-K filed 2026-07-01
- 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
- 8-K filed 2026-06-11
- Item 8.01 Other events
- 8-K filed 2026-06-04
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-06-03
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-06-01
- Item 8.01 Other events
- 8-K filed 2026-04-30
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- Item 8.01 Other events
- 8-K filed 2026-02-26
- Item 1.01 Entry into a material definitive agreement
- Item 7.01 Regulation FD disclosure
- Item 8.01 Other events
Frequently asked questions about Arrow Financial Corp
- What does Arrow Financial Corp do?
- In its own words, from Item 1 of its 10-K: "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."
- What is Arrow Financial Corp's revenue?
- $184M for the fiscal year ending December 31, 2025, from its 10-K filed March 6, 2026.
- Is Arrow Financial Corp profitable?
- Arrow Financial Corp reported net income of $44.0M for the fiscal year ending December 31, 2025.
- How many employees does Arrow Financial Corp have?
- About 578 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Arrow Financial Corp?
- David S. DeMarco, President & CEO, as named in a 4 filed September 9, 2026.
- Who is the CFO of Arrow Financial Corp?
- Penko Krassimir Ivanov, SEVP, Treasurer and CFO, as named in a 4 filed February 2, 2026.
- Where is Arrow Financial Corp headquartered?
- Glens Falls, NY.
- What is Arrow Financial Corp's stock ticker?
- AROW on Nasdaq.
- What industry is Arrow Financial Corp in?
- National Commercial Banks, SIC code 6021.
- What is Arrow Financial Corp's website?
- arrowfinancial.com.
- When does Arrow Financial Corp report earnings next?
- November 7, 2026. Source: sec_8k.
- Is Arrow Financial Corp a public company?
- Yes. Arrow Financial Corp files with the SEC under CIK 0000717538 and trades as AROW.
- Who audits Arrow Financial Corp?
- Crowe LLP, Indianapolis, Indiana, as named in its latest annual report (10-K).
- How many shares of Arrow Financial Corp are outstanding?
- 18.5 million shares as of October 30, 2026, from its 10-Q filed November 9, 2026.
- What is Arrow Financial Corp's public float?
- $426M as of June 30, 2025, as reported on the cover of its 10-K/A filed March 27, 2026.
- How many business segments does Arrow Financial Corp report?
- 1 reportable segment for the period ending September 30, 2026, from its 10-Q filed November 9, 2026.
- When is Arrow Financial Corp's annual shareholder meeting?
- April 23, 2026, per its proxy statement (DEF 14A) filed April 23, 2026.
- Have Arrow Financial Corp insiders traded stock recently?
- Since August 6, 2025, officers and directors reported 1 open-market sale worth about $159K and 6 purchases worth about $731K on Forms 4 and 5. The most recent: Mark Behan (Director) sold 4,110 shares on June 17, 2026.