Shares Outstanding for Arrow Financial (AROW)
According to Arrow Financial's latest reported financial statements, the company's latest reported diluted shares outstanding is 16.41M. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
AROW
Currently viewingShares OutstandingSwitch metric
Latest period
16.41M
YoY change
-1.4%
5Y CAGR
-0.5%
Peak year (1998)
22.56M
Latest annual
16.51M
Shares Outstanding history chart for Arrow Financial (AROW) from 1985 to 2025
Shares Outstanding history table for Arrow Financial (AROW) from 1985 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 16.51M | -1.4% | ||
| 2024 | 16.75M | -1.7% | ||
| 2023 | 17.04M | -0.1% | ||
| 2022 | 17.06M | +0.0% | ||
| 2021 | 17.05M | +0.8% | ||
| 2020 | 16.91M | +0.3% | ||
| 2019 | 16.86M | +3.4% | ||
| 2018 | 16.31M | +0.6% | ||
| 2017 | 16.21M | +0.8% | ||
| 2016 | 16.09M | +1.1% | ||
| 2015 | 15.92M | +0.4% | ||
| 2014 | 15.85M | +0.5% | ||
| 2013 | 15.77M | +0.6% | ||
| 2012 | 15.68M | -2.6% | ||
| 2011 | 16.11M | +0.9% | ||
| 2010 | 15.96M | +3.2% | ||
| 2009 | 15.47M | +0.1% | ||
| 2008 | 15.45M | -4.4% | ||
| 2007 | 16.16M | -2.5% | ||
| 2006 | 16.58M | -1.5% | ||
| 2005 | 16.84M | -9.2% | ||
| 2004 | 18.54M | +12.4% | ||
| 2003 | 16.50M | -1.1% | ||
| 2002 | 16.69M | -7.5% | ||
| 2001 | 18.05M | +3.8% | ||
| 2000 | 17.39M | -3.4% | ||
| 1999 | 17.99M | -20.3% | ||
| 1998 | 22.56M | +19.2% | ||
| 1997 | 18.93M | -5.5% | ||
| 1996 | 20.04M | -2.1% | ||
| 1995 | 20.47M | -3.2% | ||
| 1994 | 21.14M | +3.9% | ||
| 1993 | 20.34M | +1.9% | ||
| 1992 | 19.96M | +3.3% | ||
| 1991 | 19.31M | +3.1% | ||
| 1990 | 18.73M | +87.7% | ||
| 1989 | 9.98M | +5.9% | ||
| 1988 | 9.42M | -4.7% | ||
| 1987 | 9.89M | +1.1% | ||
| 1986 | 9.78M | +7.5% | ||
| 1985 | 9.10M | — |
Shares Outstanding values are taken from Arrow Financial's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Arrow Financial (AROW) most recent annual diluted shares outstanding stands at 16.51M (2025) – edged down 1.4% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Arrow Financial diluted shares outstanding compounded at -0.5% per year, with a net decline across the window.
Arrow Financial diluted shares outstanding declined from 22.56M in 1998 to 16.51M in 2025, a 26.8% drawdown.
Across the available history, diluted shares outstanding reached its high of 22.56M in 1998 and its low of 9.10M in 1985.
Arrow Financial (AROW) sits 9th of 8 Financial Services peers we track on this metric, against a peer median of 2.06B.
Arrow Financial Shares Outstanding by Year
Arrow Financial Shares Outstanding 2025: 16.51M
Arrow Financial diluted shares outstanding in 2025 was 16.51M, edged down 1.4% below 2024.
Arrow Financial Shares Outstanding 2024: 16.75M
Arrow Financial diluted shares outstanding in 2024 was 16.75M, edged down 1.7% below 2023.
Arrow Financial Shares Outstanding 2023: 17.04M
Arrow Financial diluted shares outstanding in 2023 was 17.04M, edged down 0.1% below 2022.
Arrow Financial Shares Outstanding 2022: 17.06M
Arrow Financial diluted shares outstanding in 2022 was 17.06M, edged up 0.0% from 2021.
Arrow Financial Shares Outstanding 2021: 17.05M
Arrow Financial diluted shares outstanding in 2021 was 17.05M.
See more financial history for Arrow Financial (AROW).
Sector peers — Shares Outstanding
Companies in the same sector as Arrow Financial, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| Bank of America Corporation (BAC) | 7.55B | Financial Services |
| Wells Fargo & Company (WFC) | 3.22B | Financial Services |
| JPMorgan Chase & Co. (JPM) | 2.79B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | 2.16B | Financial Services |
| Visa Inc. (V) | 1.97B | Financial Services |
| Morgan Stanley (MS) | 1.59B | Financial Services |
| Mastercard Incorporated (MA) | 898.00M | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | 317.60M | Financial Services |
Frequently asked questions
What is Arrow Financial's diluted shares outstanding?
Latest reported diluted shares outstanding for Arrow Financial (AROW) is 16.41M (period ending December 31, 2025).
How has Arrow Financial diluted shares outstanding changed year-over-year?
Arrow Financial (AROW) diluted shares outstanding changed -1.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Arrow Financial diluted shares outstanding?
Arrow Financial (AROW) diluted shares outstanding compound annual growth rate is -0.5% over the most recent 5 years available.
When did Arrow Financial diluted shares outstanding hit its highest annual value?
Arrow Financial diluted shares outstanding reached its highest annual value of 22.56M in 1998.
What was Arrow Financial diluted shares outstanding in 2024?
Arrow Financial (AROW) diluted shares outstanding in 2024 was 16.75M.
What was Arrow Financial diluted shares outstanding in 2025?
Arrow Financial (AROW) diluted shares outstanding in 2025 was 16.51M.
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