Arrow Financial Management
Management criteria checks 2/4
Arrow Financial's CEO is Dave DeMarco, appointed in May 2023, has a tenure of 1.75 years. total yearly compensation is $943.53K, comprised of 53.2% salary and 46.8% bonuses, including company stock and options. directly owns 0.29% of the company’s shares, worth $1.34M. The average tenure of the management team and the board of directors is 1.1 years and 8.1 years respectively.
Key information
Dave DeMarco
Chief executive officer
US$943.5k
Total compensation
| CEO salary percentage | 53.2% |
| CEO tenure | 1.8yrs |
| CEO ownership | 0.3% |
| Management average tenure | 1.1yrs |
| Board average tenure | 8.1yrs |
Recent management updates
Recent updates
Arrow Financial: Earnings Likely To Jump Thanks To Loan Growth And Margin Expansion
May 17Arrow Financial (NASDAQ:AROW) Is Due To Pay A Dividend Of $0.27
Oct 31
Arrow Financial's (NASDAQ:AROW) Dividend Will Be $0.27
Aug 28Arrow Financial's (NASDAQ:AROW) Dividend Will Be $0.27
Aug 12Arrow Financial (NASDAQ:AROW) Has Affirmed Its Dividend Of $0.27
May 07Arrow Financial (NASDAQ:AROW) Has Affirmed Its Dividend Of $0.27
Feb 07Arrow Financial declares 3% stock dividend
Sep 01Arrow Financial: Earnings To Recover Next Year
Aug 17Arrow Financial GAAP EPS of $0.75 beats by $0.04, revenue of $36.78M beats by $1.53M
Jul 27Arrow Financial: Decent Loan Growth To Partially Counter Higher Credit Costs
Jun 03Arrow Financial: Attractively Valued With A Flattish Earnings Outlook
Mar 15Arrow Financial's (NASDAQ:AROW) Dividend Will Be Increased To US$0.27
Feb 01Arrow Financial: Decent Loan Growth To Counter Provision Normalization
Dec 18Arrow Financial's (NASDAQ:AROW) Dividend Will Be US$0.26
Nov 02My Favorite Share Buyback Bank: Dividend Champion Arrow Financial Corporation
Sep 29Arrow Financial: Attractively Valued With A Positive Earnings Outlook
Aug 07Arrow Financial (NASDAQ:AROW) Will Pay A Dividend Of US$0.26
Aug 01Shareholders May Not Be So Generous With Arrow Financial Corporation's (NASDAQ:AROW) CEO Compensation And Here's Why
Apr 29CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2024 | n/a | n/a | US$30m |
| Sep 30 2024 | n/a | n/a | US$33m |
| Jun 30 2024 | n/a | n/a | US$32m |
| Mar 31 2024 | n/a | n/a | US$29m |
| Dec 31 2023 | US$944k | US$502k | US$30m |
| Sep 30 2023 | n/a | n/a | US$34m |
| Jun 30 2023 | n/a | n/a | US$39m |
| Mar 31 2023 | n/a | n/a | US$45m |
| Dec 31 2022 | US$742k | US$395k | US$49m |
| Sep 30 2022 | n/a | n/a | US$47m |
| Jun 30 2022 | n/a | n/a | US$48m |
| Mar 31 2022 | n/a | n/a | US$49m |
| Dec 31 2021 | US$664k | US$365k | US$50m |
| Sep 30 2021 | n/a | n/a | US$52m |
| Jun 30 2021 | n/a | n/a | US$50m |
| Mar 31 2021 | n/a | n/a | US$46m |
| Dec 31 2020 | US$595k | US$340k | US$41m |
| Sep 30 2020 | n/a | n/a | US$38m |
| Jun 30 2020 | n/a | n/a | US$37m |
| Mar 31 2020 | n/a | n/a | US$37m |
| Dec 31 2019 | US$533k | US$325k | US$37m |
| Sep 30 2019 | n/a | n/a | US$36m |
| Jun 30 2019 | n/a | n/a | US$36m |
| Mar 31 2019 | n/a | n/a | US$36m |
| Dec 31 2018 | US$524k | US$290k | US$36m |
Compensation vs Market: Dave's total compensation ($USD943.53K) is below average for companies of similar size in the US market ($USD2.14M).
Compensation vs Earnings: Dave's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Dave DeMarco (62 yo)
1.8yrs
Tenure
US$943,532
Compensation
Mr. David S. DeMarco, also known as Dave, serves as Director at Arrow Financial Corporation since July 26, 2023. He serves as President and Chief Executive Officer at Arrow Financial Corporation since May...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 1.8yrs | US$943.53k | 0.29% $ 1.3m | |
| Senior EVP | 2yrs | US$469.33k | 0.035% $ 158.7k | |
| Senior EVP & Chief Credit Officer | no data | US$624.64k | 0.19% $ 878.1k | |
| Senior Executive VP | no data | US$570.48k | 0.11% $ 488.4k | |
| Executive VP & Chief Information Officer | 1yr | no data | 0.044% $ 202.8k | |
| Senior EVP & Chief Human Resources Officer | 1yr | no data | 0.018% $ 81.7k | |
| Senior VP and Director of Marketing & Communications of Glen Falls | 1.2yrs | no data | no data | |
| Senior EVP & Chief Banking Officer | 1yr | no data | 0.044% $ 202.7k |
1.1yrs
Average Tenure
55yo
Average Age
Experienced Management: AROW's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 1.6yrs | US$943.53k | 0.29% $ 1.3m | |
| Chairman Emeritus | 20.8yrs | US$20.10k | no data | |
| Independent Director | 36.1yrs | US$89.18k | 0.35% $ 1.6m | |
| Independent Director | 22.1yrs | US$86.52k | 0.38% $ 1.7m | |
| Independent Director | 8.1yrs | US$79.02k | 0.064% $ 290.7k | |
| Independent Director | 3.8yrs | US$80.52k | 0.053% $ 243.4k | |
| Independent Director | 8.1yrs | US$84.02k | 0.21% $ 957.1k | |
| Director | less than a year | no data | 0.098% $ 447.7k | |
| Independent Director | 11.8yrs | US$86.52k | 0.19% $ 860.3k | |
| Chair | 11.1yrs | US$84.02k | 0.15% $ 670.6k | |
| Independent Director | 8.1yrs | US$80.52k | 0.26% $ 1.2m | |
| Director | less than a year | no data | 0.026% $ 118.6k |
8.1yrs
Average Tenure
66yo
Average Age
Experienced Board: AROW's board of directors are considered experienced (8.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/06 23:19 |
| End of Day Share Price | 2025/02/06 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Arrow Financial Corporation is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nicholas Cucharale | Hovde Group, LLC |
| Feddie Strickland | Hovde Group, LLC |
| Frank Schiraldi | Piper Sandler Companies |