AROW | Arrow Financial Corporation Stock Financials Income Statements Annual

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Financial Year End	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Revenue	191.68M	149.24M	142.72M	131.86M	116.60M	112.97M	105.30M	99.39M	94.05M	89.41M	84.28M	84.52M	84.04M	80.37M	80.33M	73.50M	62.58M	61.65M	62.96M	62.43M	61.47M	61.35M	55.70M	48.45M	47.30M	43.50M	39.20M	56.70M	50.40M	42.90M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	191.68M	149.24M	142.72M	131.86M	116.60M	112.97M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Expenses	21.22M	-82.57M	-78.32M	-80.00M	-69.53M	-55.18M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Admin	50.89M	48.18M	45.84M	43.12M	38.56M	39.67M	46.70M	44.02M	41.80M	39.28M	39.16M	38.65M	31.50M	27.55M	27.04M	24.55M	21.42M	22.10M	20.69M	19.82M	18.97M	18.86M	17.23M	15.59M	15.20M	13.80M	12.70M	15.00M	16.70M	16.20M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Other Operating Expenses	-21.22M	-130.75M	-124.16M	-123.12M	-108.09M	-104.22M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	375.00K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	170.46M	66.67M	64.40M	51.86M	47.08M	57.79M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Other Expenses / Income	37.52M	-3.76M	62.63M	48.40M	45.60M	-12.48M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Before Tax Income	37.52M	62.91M	64.40M	51.86M	47.08M	45.30M	39.85M	37.75M	35.27M	33.53M	30.87M	31.84M	31.65M	31.65M	31.58M	29.44M	24.14M	24.02M	26.74M	28.44M	27.52M	27.67M	22.87M	19.39M	18.60M	17.50M	16.20M	31.10M	19.40M	12.40M
Income Tax Expenses	7.45M	14.11M	14.55M	11.04M	9.60M	9.03M	10.53M	11.21M	10.61M	10.17M	9.08M	9.66M	9.71M	9.75M	9.79M	9.00M	6.81M	7.12M	8.10M	8.96M	8.61M	8.77M	7.05M	5.71M	5.70M	5.70M	5.20M	10.80M	7.00M	1.10M
Net Income	30.07M	48.80M	49.86M	40.83M	37.48M	36.28M	29.33M	26.53M	24.66M	23.36M	21.80M	22.18M	21.93M	21.89M	21.79M	20.44M	17.33M	16.89M	18.64M	19.48M	18.92M	18.89M	15.82M	13.68M	12.90M	11.80M	11.00M	20.30M	12.40M	11.30M
Interest Expenses	7.63M	11.31M	5.20M	12.69M	21.71M	12.48M	7.01M	5.36M	4.81M	5.77M	7.92M	11.96M	18.68M	23.70M	26.49M	32.28M	40.28M	34.74M	24.11M	19.21M	21.61M	25.11M	33.17M	37.37M	29.30M	28.10M	23.90M	21.90M	24.90M	18.20M
Basic Shares Outstanding	17.04M	17.01M	16.99M	16.90M	16.82M	16.22M	16.11M	15.52M	15.40M	15.35M	15.28M	15.21M	15.17M	15.00M	14.95M	14.92M	15.13M	15.43M	15.61M	15.62M	15.66M	15.84M	15.92M	15.94M	16.73M	17.26M	17.61M	18.82M	19.85M	19.93M
Diluted Shares Outstanding	17.04M	17.06M	17.05M	16.91M	16.86M	16.31M	16.21M	15.62M	15.45M	15.39M	15.31M	15.23M	15.18M	15.04M	15.02M	15.00M	15.23M	15.63M	15.88M	15.99M	16.02M	16.21M	16.20M	16.08M	16.96M	17.50M	17.85M	18.88M	19.88M	19.93M
EBITDA	2.44M	74.22M	72.23M	58.73M	52.58M	62.54M	52.26M	49.05M	46.38M	46.34M	47.67M	52.65M	56.84M	58.90M	60.89M	64.28M	67.29M	61.78M	53.66M	50.79M	54.05M	55.92M	58.80M	59.26M	49.90M	47.00M	41.50M	54.20M	45.90M	32.80M
EBITDA Margin	1.27%	49.73%	50.61%	44.54%	45.09%	55.36%	49.63%	49.35%	49.31%	51.83%	56.56%	62.30%	67.63%	73.29%	75.79%	87.46%	107.52%	100.22%	85.23%	81.36%	87.92%	91.14%	105.56%	122.31%	105.50%	108.05%	105.87%	95.59%	91.07%	76.46%
EBIT	45.15M	74.22M	69.60M	64.56M	68.78M	57.79M	46.86M	43.10M	40.09M	39.30M	38.80M	43.80M	50.33M	55.34M	58.07M	61.71M	64.42M	58.76M	50.86M	47.64M	49.13M	52.77M	56.04M	56.76M	47.90M	45.60M	40.10M	53.00M	44.30M	30.60M
EBIT Margin	23.56%	49.73%	48.76%	48.96%	58.99%	51.16%	44.50%	43.37%	42.62%	43.96%	46.03%	51.82%	59.88%	68.86%	72.29%	83.96%	102.94%	95.31%	80.77%	76.32%	79.93%	86.02%	100.61%	117.16%	101.27%	104.83%	102.30%	93.47%	87.90%	71.33%
Financial Year End	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31