Arrow Financial Corporation Net Assets
Arrow Financial Corporation net assets. Based on the latest financial reports, Arrow Financial Corporation (AROW) has net assets worth $446.31 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.48 Billion) and total liabilities ($4.04 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore net asset momentum of Arrow Financial Corporation to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $446.31 Million |
| % of Total Assets | 9.96% |
| Annual Growth Rate | 7.68% |
| 5-Year Change | 16.34% |
| 10-Year Change | 85.46% |
| Growth Volatility | 6.13 |
Net Assets of Arrow Financial Corporation (1991–2025)
Net assets of Arrow Financial Corporation from 1991 to 2025. This chart illustrates how Arrow Financial Corporation's net assets have evolved over time, based on quarterly financial data. See Arrow Financial Corporation balance sheet quality to measure how much of total assets are equity-financed.
Annual Net Assets for Arrow Financial Corporation (1991–2025)
The table below shows the annual net assets of Arrow Financial Corporation from 1991 to 2025. For live market cap and overall valuation, see AROW company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $431.85 Million | +7.72% |
| 2024-12-31 | $400.90 Million | +5.56% |
| 2023-12-31 | $379.77 Million | +7.42% |
| 2022-12-31 | $353.54 Million | -4.75% |
| 2021-12-31 | $371.19 Million | +11.00% |
| 2020-12-31 | $334.39 Million | +10.83% |
| 2019-12-31 | $301.73 Million | +11.92% |
| 2018-12-31 | $269.58 Million | +8.01% |
| 2017-12-31 | $249.60 Million | +7.19% |
| 2016-12-31 | $232.85 Million | +8.82% |
| 2015-12-31 | $213.97 Million | +6.49% |
| 2014-12-31 | $200.93 Million | +4.57% |
| 2013-12-31 | $192.15 Million | +9.29% |
| 2012-12-31 | $175.82 Million | +5.67% |
| 2011-12-31 | $166.38 Million | +9.28% |
| 2010-12-31 | $152.26 Million | +8.12% |
| 2009-12-31 | $140.82 Million | +11.94% |
| 2008-12-31 | $125.80 Million | +2.90% |
| 2007-12-31 | $122.26 Million | +3.49% |
| 2006-12-31 | $118.13 Million | +0.60% |
| 2005-12-31 | $117.42 Million | -0.52% |
| 2004-12-31 | $118.03 Million | +11.49% |
| 2003-12-31 | $105.86 Million | +4.40% |
| 2002-12-31 | $101.40 Million | +10.82% |
| 2001-12-31 | $91.50 Million | +13.27% |
| 2000-12-31 | $80.78 Million | +11.75% |
| 1999-12-31 | $72.29 Million | -6.24% |
| 1998-12-31 | $77.10 Million | +4.33% |
| 1997-12-31 | $73.90 Million | -0.54% |
| 1996-12-31 | $74.30 Million | +10.07% |
| 1995-12-31 | $67.50 Million | +15.58% |
| 1994-12-31 | $58.40 Million | +16.57% |
| 1993-12-31 | $50.10 Million | +26.20% |
| 1992-12-31 | $39.70 Million | +13.75% |
| 1991-12-31 | $34.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Arrow Financial Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1987.2% over the analyzed period, indicating profitable operations and earnings retention.
Arrow Financial Corporation Net Assets Breakdown (December 2025)
Arrow Financial Corporation net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $102.27 Million | 23.68% |
| Common Stock | $22.07 Million | 5.11% |
| Other Comprehensive Income | $-4.04 Million | -0.93% |
| Other Components | $311.55 Million | 72.14% |
| Total Equity | $431.85 Million | 100.00% |
Arrow Financial Corporation Competitors by Market Cap
The table below lists competitors of Arrow Financial Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Argo Properties NV
TA:ARGO
|
$724.13 Million |
|
Jiangsu Jujie Microfiber Technology
SHE:300819
|
$724.43 Million |
|
Paul Hartmann AG
F:PHH2
|
$724.56 Million |
|
HDC Holdings Co Ltd
KO:012630
|
$724.61 Million |
|
Omnijoi Media Corp
SHE:300528
|
$724.08 Million |
|
Kirloskar Ferrous Industries Limited
NSE:KIRLFER
|
$724.08 Million |
|
Shenzhen Comix Group Co Ltd
SHE:002301
|
$724.07 Million |
|
Calian Technologies Ltd
TO:CGY
|
$724.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Arrow Financial Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 400,901,000 to 431,852,000, a change of 30,951,000 (7.7%).
- Net income of 43,953,000 contributed positively to equity growth.
- Dividend payments of 18,897,000 reduced retained earnings.
- Share repurchases of 10,240,000 reduced equity.
- Other comprehensive income increased equity by 14,416,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $43.95 Million | +10.18% |
| Dividends Paid | $18.90 Million | -4.38% |
| Share Repurchases | $10.24 Million | -2.37% |
| Other Comprehensive Income | $14.42 Million | +3.34% |
| Other Changes | $1.72 Million | +0.4% |
| Total Change | $- | 7.72% |
Book Value vs Market Value Analysis
This analysis compares Arrow Financial Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.51x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 21.88x to 1.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-12-31 | $1.81 | $39.54 | x |
| 1992-12-31 | $1.99 | $39.54 | x |
| 1993-12-31 | $2.46 | $39.54 | x |
| 1994-12-31 | $2.76 | $39.54 | x |
| 1995-12-31 | $3.30 | $39.54 | x |
| 1996-12-31 | $3.71 | $39.54 | x |
| 1997-12-31 | $3.90 | $39.54 | x |
| 1998-12-31 | $3.42 | $39.54 | x |
| 1999-12-31 | $4.02 | $39.54 | x |
| 2000-12-31 | $4.65 | $39.54 | x |
| 2001-12-31 | $5.07 | $39.54 | x |
| 2002-12-31 | $6.07 | $39.54 | x |
| 2003-12-31 | $6.42 | $39.54 | x |
| 2004-12-31 | $6.37 | $39.54 | x |
| 2005-12-31 | $6.97 | $39.54 | x |
| 2006-12-31 | $7.12 | $39.54 | x |
| 2007-12-31 | $7.56 | $39.54 | x |
| 2008-12-31 | $8.14 | $39.54 | x |
| 2009-12-31 | $9.10 | $39.54 | x |
| 2010-12-31 | $9.54 | $39.54 | x |
| 2011-12-31 | $10.33 | $39.54 | x |
| 2012-12-31 | $11.21 | $39.54 | x |
| 2013-12-31 | $12.18 | $39.54 | x |
| 2014-12-31 | $12.68 | $39.54 | x |
| 2015-12-31 | $13.44 | $39.54 | x |
| 2016-12-31 | $14.47 | $39.54 | x |
| 2017-12-31 | $15.39 | $39.54 | x |
| 2018-12-31 | $16.53 | $39.54 | x |
| 2019-12-31 | $17.89 | $39.54 | x |
| 2020-12-31 | $19.77 | $39.54 | x |
| 2021-12-31 | $21.77 | $39.54 | x |
| 2022-12-31 | $21.36 | $39.54 | x |
| 2023-12-31 | $22.29 | $39.54 | x |
| 2024-12-31 | $23.94 | $39.54 | x |
| 2025-12-31 | $26.15 | $39.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Arrow Financial Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.18%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.12%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 10.29x
- Recent ROE (10.18%) is below the historical average (11.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | -95.70% | -40.05% | 0.11x | 22.06x | $-36.89 Million |
| 1992 | 9.32% | 5.57% | 0.09x | 18.20x | $-270.00K |
| 1993 | 19.36% | 15.90% | 0.08x | 14.64x | $4.69 Million |
| 1994 | 19.35% | 18.49% | 0.08x | 12.78x | $5.46 Million |
| 1995 | 18.37% | 16.47% | 0.10x | 11.70x | $5.65 Million |
| 1996 | 27.32% | 25.83% | 0.12x | 8.78x | $12.87 Million |
| 1997 | 14.88% | 17.43% | 0.08x | 11.25x | $3.61 Million |
| 1998 | 15.30% | 16.48% | 0.08x | 12.18x | $4.09 Million |
| 1999 | 17.85% | 16.85% | 0.08x | 13.85x | $5.67 Million |
| 2000 | 16.94% | 15.94% | 0.08x | 13.39x | $5.60 Million |
| 2001 | 17.28% | 17.80% | 0.08x | 12.58x | $6.67 Million |
| 2002 | 18.63% | 21.85% | 0.07x | 12.54x | $8.75 Million |
| 2003 | 17.87% | 22.77% | 0.06x | 12.98x | $8.33 Million |
| 2004 | 16.50% | 23.86% | 0.06x | 11.67x | $7.67 Million |
| 2005 | 15.87% | 21.41% | 0.06x | 12.94x | $6.90 Million |
| 2006 | 14.30% | 32.90% | 0.03x | 12.87x | $5.08 Million |
| 2007 | 14.18% | 16.85% | 0.06x | 12.96x | $5.11 Million |
| 2008 | 16.25% | 19.03% | 0.06x | 13.24x | $7.86 Million |
| 2009 | 15.48% | 20.98% | 0.06x | 13.08x | $7.71 Million |
| 2010 | 14.38% | 21.04% | 0.05x | 12.53x | $6.67 Million |
| 2011 | 13.18% | 21.35% | 0.05x | 11.80x | $5.29 Million |
| 2012 | 12.61% | 22.99% | 0.05x | 11.50x | $4.60 Million |
| 2013 | 11.34% | 23.64% | 0.04x | 11.26x | $2.58 Million |
| 2014 | 11.63% | 24.54% | 0.04x | 11.04x | $3.27 Million |
| 2015 | 11.53% | 24.95% | 0.04x | 11.43x | $3.26 Million |
| 2016 | 11.40% | 25.33% | 0.04x | 11.19x | $3.25 Million |
| 2017 | 11.75% | 26.11% | 0.04x | 11.06x | $4.37 Million |
| 2018 | 13.46% | 28.92% | 0.04x | 11.08x | $9.32 Million |
| 2019 | 12.42% | 27.09% | 0.04x | 10.55x | $7.30 Million |
| 2020 | 12.21% | 28.24% | 0.04x | 11.03x | $7.39 Million |
| 2021 | 13.43% | 33.71% | 0.04x | 10.85x | $12.74 Million |
| 2022 | 13.80% | 32.70% | 0.04x | 11.23x | $13.45 Million |
| 2023 | 7.92% | 15.69% | 0.05x | 10.98x | $-7.90 Million |
| 2024 | 7.41% | 13.32% | 0.05x | 10.74x | $-10.38 Million |
| 2025 | 10.18% | 18.12% | 0.05x | 10.29x | $767.80K |
Industry Comparison
This section compares Arrow Financial Corporation's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $678,792,222
- Average return on equity (ROE) among peers: 6.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Arrow Financial Corporation (AROW) | $446.31 Million | -95.70% | 9.04x | $724.09 Million |
| Ameris Bancorp (ABCB) | $239.36 Million | -1.64% | 9.06x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $68.20 Million | 10.85% | 9.15x | $5.65 Billion |
| ACNB Corporation (ACNB) | $110.02 Million | 9.35% | 8.91x | $645.30 Million |
| Affinity Bancshares Inc (AFBI) | $45.08 Million | 2.57% | 4.16x | $140.18 Million |
| Alerus Financial Corp (ALRS) | $359.40 Million | 14.66% | 8.44x | $829.34 Million |
| Amalgamated Bank (AMAL) | $344.07 Million | 1.78% | 10.75x | $1.27 Billion |
| Amerant Bancorp Inc. (AMTB) | $753.45 Million | 5.71% | 10.20x | $979.96 Million |
| Associated Banc-Corp (ASB) | $4.09 Billion | 7.50% | 7.17x | $5.91 Billion |
| AmeriServ Financial Inc (ASRV) | $98.61 Million | 6.11% | 10.88x | $78.95 Million |
About Arrow Financial Corporation
Arrow Financial Corporation, a bank holding company, provides various commercial and consumer banking, and financial products and services in the United States. The company's deposit products include demand deposits, interest-bearing checking accounts, savings deposits, time deposits, and other time deposits. Its lending activities comprise commercial loans, such as term loans, time notes, and li… Read more