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
Additional Financial Items
Amortization of Intangible Assets $557k $500k $437k $359k $332k $468k $428k $390k $455k $526k
Debt and Equity Securities, Gain (Loss) $71.6m $77.7m $213k $289k ($464k) $111k $427k ($92k) ($2.9m) $542k
Depreciation, Depletion and Amortization, Nonproduction $5.9m $5.4m $4.8m $5.5m $6.9m $7.8m $7.5m $6.7m $5.4m $5.4m
Income (Loss) Attributable to Parent, before Tax $64.4m $62.9m $37.5m $37.4m $55.4m
Income (Loss) from Continuing Operations before Income Taxes, Domestic $37.7m $39.9m $45.3m $47.1m $51.9m
Other Operating Income $1.1m $927k $1.3m $1.5m $3.5m $1.8m $2.6m $2.4m $2.8m $2.0m
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic $142k
Net Income (Loss) Attributable to Parent $26.5m $29.3m $36.3m $37.5m $40.8m $49.9m $48.8m $30.1m $29.7m $44.0m
Net Income (Loss) Available to Common Stockholders, Basic ($441k) ($691k) ($677k) $43.8m
Earnings Per Share, Basic $1.98 $2.11 $2.52 $2.51 $2.64 $3.11 $2.95 $1.77 $1.77 $2.65
Earnings Per Share, Diluted $1.97 $2.10 $2.50 $2.50 $2.64 $3.10 $2.95 $1.77 $1.77 $2.65
Common Stock, Dividends, Per Share, Declared $1.14
Weighted Average Number of Shares Outstanding, Basic 13.4m 13.9m 14.4m 14.9m 15.5m 16.0m 16.5m 17.0m 16.7m 16.5m
Weighted Average Number of Shares Outstanding, Diluted 13.5m 14.0m 14.5m 15.0m 15.5m 16.1m 16.6m 17.0m 16.7m 16.5m
Noninterest expense:
Labor and Related Expense $34.3m $37.2m $38.8m $38.4m $42.1m $44.8m $47.0m $47.7m $52.7m $56.3m
Current Income Tax Expense (Benefit) $11.5m $12.1m $9.1m $9.3m $13.3m $13.6m $15.4m $5.6m $8.4m $11.2m
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal $4.8m $3.4m $5.2m $7.3m
Interest Expense $5.4m $7.0m $12.5m $21.7m $12.7m $5.2m $11.3m $57.7m $83.3m $77.0m
Interest Expense, Debt $6.8m $3.6m $167k
Other Expenses $3.8m $77.7m $3.5m $4.6m $3.4m $4.3m $4.5m $6.6m $5.7m $5.2m
Income Tax Expense (Benefit) $11.2m $10.5m $9.0m $9.6m $11.0m $14.5m $14.1m $7.4m $7.6m $11.4m
Interest Income (Expense), Net $71.6m $77.7m $84.0m $88.0m $99.2m $110.4m $118.3m $104.8m $111.7m $133.2m
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement ($577k)
Interest Revenue (Expense), Net $71.6m $77.7m $84.0m $88.0m $99.2m $110.4m $118.3m $104.8m $111.7m $133.2m