Arrow Financial (AROW) Historical Monthly & Quarterly Returns

Dividend-adjusted returns by month and quarter. Compare performance across years.

2026

Jan+7.7%
Feb0.6%
Mar+0.8%
Apr+8.5%
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec

2025

Jan7.3%
Feb+2.7%
Mar2.7%
Apr6.7%
May+6.1%
Jun+2.6%
Jul+1.4%
Aug+12.1%
Sep4.8%
Oct1.5%
Nov+9.1%
Dec+4.1%

2024

Jan9.8%
Feb3.7%
Mar+4.3%
Apr11.0%
May+14.0%
Jun+3.8%
Jul+21.0%
Aug2.3%
Sep6.0%
Oct+0.5%
Nov+15.6%
Dec13.0%

2023

Jan2.9%
Feb7.4%
Mar17.5%
Apr13.3%
May15.5%
Jun+12.1%
Jul0.1%
Aug11.1%
Sep0.5%
Oct+25.2%
Nov+17.0%
Dec+13.3%

2022

Jan+0.4%
Feb2.1%
Mar5.6%
Apr3.5%
May+6.8%
Jun4.0%
Jul+5.5%
Aug3.4%
Sep7.6%
Oct+20.8%
Nov+1.8%
Dec3.6%

2021

Jan1.7%
Feb+8.4%
Mar+5.4%
Apr+6.2%
May+4.9%
Jun2.4%
Jul+0.3%
Aug+2.2%
Sep3.3%
Oct+4.3%
Nov3.8%
Dec+2.9%

2020

Jan7.2%
Feb9.7%
Mar11.2%
Apr+2.3%
May+2.7%
Jun+2.6%
Jul8.2%
Aug+5.0%
Sep8.9%
Oct+9.1%
Nov+8.7%
Dec+1.5%

2019

Jan0.5%
Feb+12.1%
Mar7.1%
Apr+2.4%
May4.4%
Jun+8.9%
Jul4.3%
Aug3.3%
Sep+7.9%
Oct+5.2%
Nov+2.1%
Dec+6.3%

2018

Jan3.4%
Feb0.8%
Mar+5.3%
Apr+4.3%
May+6.4%
Jun2.7%
Jul+6.3%
Aug+2.4%
Sep3.2%
Oct5.1%
Nov0.3%
Dec7.9%

2017

Jan12.8%
Feb0.4%
Mar2.9%
Apr+1.1%
May6.8%
Jun+0.0%
Jul+3.0%
Aug0.1%
Sep+9.6%
Oct+2.7%
Nov+5.0%
Dec7.7%

2016

Jan+1.3%
Feb4.9%
Mar+2.6%
Apr+6.0%
May+3.2%
Jun+5.2%
Jul+4.3%
Aug+3.6%
Sep+4.3%
Oct3.7%
Nov+20.6%
Dec+7.0%

2015

Jan7.0%
Feb+5.5%
Mar+1.7%
Apr4.0%
May+0.7%
Jun+4.1%
Jul+1.9%
Aug+0.0%
Sep0.1%
Oct+3.4%
Nov+3.1%
Dec3.6%

2014

Jan6.1%
Feb+5.9%
Mar+1.3%
Apr5.3%
May+4.5%
Jun+0.2%
Jul2.1%
Aug+6.0%
Sep4.0%
Oct+9.3%
Nov5.6%
Dec+7.5%

2013

Jan2.2%
Feb+0.5%
Mar+1.6%
Apr1.8%
May+2.9%
Jun+0.5%
Jul+6.1%
Aug2.2%
Sep+2.0%
Oct+1.7%
Nov+8.5%
Dec4.2%

2012

Jan+12.0%
Feb7.3%
Mar+1.4%
Apr1.8%
May+0.8%
Jun+1.4%
Jul+0.6%
Aug+1.6%
Sep+4.3%
Oct2.4%
Nov+2.3%
Dec+1.2%

2011

Jan17.6%
Feb+10.4%
Mar+0.0%
Apr+0.4%
May1.2%
Jun+0.8%
Jul1.5%
Aug0.4%
Sep3.4%
Oct+4.9%
Nov+2.7%
Dec1.0%

2010

Jan+4.0%
Feb2.7%
Mar+7.4%
Apr+3.4%
May8.3%
Jun8.3%
Jul+9.1%
Aug8.6%
Sep+13.4%
Oct2.8%
Nov+14.6%
Dec0.6%

2009

Jan6.4%
Feb+1.4%
Mar+0.5%
Apr+11.8%
May5.2%
Jun+8.8%
Jul+3.8%
Aug2.9%
Sep+4.4%
Oct6.9%
Nov0.6%
Dec+0.0%

2008

Jan+2.5%
Feb3.7%
Mar+7.5%
Apr+3.3%
May2.0%
Jun19.5%
Jul+26.1%
Aug+8.0%
Sep+20.5%
Oct11.6%
Nov+11.5%
Dec12.4%

2007

Jan0.5%
Feb8.1%
Mar+0.0%
Apr0.9%
May+1.2%
Jun0.9%
Jul6.6%
Aug+11.2%
Sep+1.7%
Oct+1.0%
Nov3.5%
Dec+0.0%

2006

Jan+3.7%
Feb0.1%
Mar+2.1%
Apr1.3%
May7.8%
Jun+11.2%
Jul2.6%
Aug+1.9%
Sep3.1%
Oct+0.3%
Nov3.5%
Dec+2.1%

2005

Jan6.5%
Feb3.5%
Mar1.8%
Apr9.7%
May+9.8%
Jun+4.1%
Jul+4.5%
Aug2.7%
Sep0.4%
Oct0.8%
Nov+4.6%
Dec6.2%

2004

Jan+1.3%
Feb+8.9%
Mar1.1%
Apr4.4%
May+4.0%
Jun+2.9%
Jul8.2%
Aug+8.1%
Sep+3.2%
Oct3.0%
Nov+11.2%
Dec3.5%

2003

Jan4.9%
Feb2.9%
Mar+1.7%
Apr+0.9%
May+14.5%
Jun+1.9%
Jul+0.2%
Aug3.4%
Sep+1.5%
Oct+5.8%
Nov+1.1%
Dec+0.7%

2002

Jan+2.0%
Feb2.9%
Mar+0.6%
Apr+5.8%
May1.9%
Jun+14.9%
Jul+0.2%
Aug5.0%
Sep10.6%
Oct+13.2%
Nov+1.4%
Dec0.9%

2001

Jan3.0%
Feb+22.0%
Mar10.0%
Apr+6.5%
May+15.4%
Jun+1.8%
Jul+10.4%
Aug2.9%
Sep+4.4%
Oct+6.2%
Nov+6.2%
Dec2.0%

2000

Jan2.4%
Feb1.4%
Mar1.1%
Apr15.7%
May1.7%
Jun+0.9%
Jul+2.2%
Aug+4.3%
Sep+5.3%
Oct+1.6%
Nov+0.0%
Dec+16.5%

1999

Jan+4.1%
Feb+2.3%
Mar0.3%
Apr+0.0%
May1.0%
Jun1.6%
Jul1.6%
Aug+1.3%
Sep+0.0%
Oct3.9%
Nov+1.0%
Dec2.7%

1998

Jan9.3%
Feb+0.3%
Mar+3.3%
Apr+8.0%
May4.1%
Jun4.9%
Jul+13.9%
Aug19.0%
Sep+14.0%
Oct8.0%
Nov0.3%
Dec0.7%

1997

Jan+3.3%
Feb+0.9%
Mar+0.9%
Apr+1.3%
May+3.9%
Jun+6.7%
Jul2.4%
Aug0.4%
Sep+13.4%
Oct+14.3%
Nov+14.1%
Dec8.5%

1996

Jan3.4%
Feb+9.8%
Mar+5.1%
Apr+5.5%
May+3.4%
Jun2.8%
Jul5.1%
Aug+7.2%
Sep+6.2%
Oct+11.1%
Nov+3.8%
Dec1.4%

1995

Jan+0.0%
Feb+3.4%
Mar1.6%
Apr2.5%
May1.7%
Jun+2.6%
Jul+5.9%
Aug+4.8%
Sep+3.8%
Oct+3.7%
Nov+4.3%
Dec+0.7%

1994

Jan+0.0%
Feb+0.7%
Mar9.7%
Apr2.1%
May+36.3%
Jun+2.8%
Jul+4.5%
Aug+6.0%
Sep4.9%
Oct6.8%
Nov+2.8%
Dec+5.4%

1993

Jan+27.1%
Feb+4.7%
Mar+4.5%
Apr2.2%
May+7.7%
Jun5.1%
Jul+6.5%
Aug+0.0%
Sep+10.8%
Oct+4.0%
Nov5.1%
Dec+0.0%

1992

Jan+9.0%
Feb+9.0%
Mar+20.0%
Apr1.7%
May+1.8%
Jun+31.6%
Jul24.0%
Aug+0.0%
Sep10.3%
Oct+20.5%
Nov+10.6%
Dec2.9%

1991

Jan+3.7%
Feb+8.9%
Mar+5.0%
Apr4.8%
May17.9%
Jun20.7%
Jul+9.2%
Aug11.5%
Sep+7.6%
Oct3.2%
Nov15.9%
Dec3.9%

1990

Jan6.8%
Feb+5.5%
Mar9.7%
Apr1.7%
May3.3%
Jun+29.2%
Jul30.8%
Aug10.2%
Sep6.7%
Oct4.6%
Nov2.5%
Dec+0.0%

1989

Jan+44.8%
Feb1.6%
Mar28.7%
Apr+40.2%
May+3.3%
Jun25.7%
Jul+6.4%
Aug2.2%
Sep+4.2%
Oct0.2%
Nov4.8%
Dec0.5%

1988

Jan+9.5%
Feb+3.1%
Mar6.0%
Apr+49.4%
May28.0%
Jun4.6%
Jul+3.5%
Aug+0.8%
Sep+1.7%
Oct+1.4%
Nov+4.3%
Dec4.2%

1987

Jan+4.0%
Feb3.6%
Mar+54.0%
Apr31.4%
May+39.4%
Jun+0.9%
Jul22.7%
Aug+5.8%
Sep1.9%
Oct18.6%
Nov3.3%
Dec+3.4%

1986

Jan+22.9%
Feb+18.7%
Mar32.6%
Apr+77.8%
May31.6%
Jun+7.9%
Jul9.0%
Aug+47.5%
Sep34.2%
Oct+58.9%
Nov4.3%
Dec32.9%

1985

Jan+78.5%
Feb+2.3%
Mar+1.1%
Apr+30.0%
May+2.5%
Jun+5.6%
Jul15.3%
Aug+9.1%
Sep+7.0%
Oct+58.5%
Nov25.1%
Dec+57.2%

1984

Jan+6.7%
Feb+57.2%
Mar35.6%
Apr1.2%
May+55.3%
Jun36.0%
Jul+55.1%
Aug+0.0%
Sep+0.0%
Oct+0.0%
Nov35.1%
Dec+3.8%

1983

Jan+11.4%
Feb41.7%
Mar+81.5%
Apr38.2%
May+79.4%
Jun+3.3%
Jul+3.2%
Aug+3.1%
Sep39.8%
Oct+1.7%
Nov+73.2%
Dec30.0%

1982

Jan+71.2%
Feb43.1%
Mar+10.8%
Apr+2.4%
May+78.9%
Jun+0.0%
Jul+0.0%
Aug+0.0%
Sep+0.0%
Oct+0.0%
Nov+0.0%
Dec+4.5%

1981

Jan+5.5%
Feb+0.0%
Mar+2.6%
Apr+0.8%
May43.5%
Jun+71.2%
Jul41.6%
Aug+71.2%
Sep41.6%
Oct+71.2%
Nov+0.0%
Dec41.6%

1980

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep+53.5%
Oct+0.0%
Nov38.3%
Dec+71.4%

Avg

Jan+4.7%
Feb+1.1%
Mar+1.0%
Apr+2.5%
May+5.0%
Jun+2.5%
Jul+0.6%
Aug+2.9%
Sep+0.2%
Oct+6.0%
Nov+2.4%
Dec+0.3%

Median

Jan+0.2%
Feb+0.4%
Mar+0.8%
Apr+0.2%
May+2.5%
Jun+1.8%
Jul+1.4%
Aug+0.0%
Sep+0.7%
Oct+1.5%
Nov+1.9%
Dec0.5%

Win %

Jan50%
Feb52%
Mar57%
Apr50%
May60%
Jun64%
Jul60%
Aug49%
Sep50%
Oct59%
Nov59%
Dec39%

Frequently asked questions

What is the best performing month for Arrow Financial (AROW) stock?

Historically, October is the best performing month for Arrow Financial (AROW) stock with an average return of +6.02%.

What is the worst performing month for Arrow Financial (AROW) stock?

Historically, September is the worst performing month for Arrow Financial (AROW) stock with an average return of +0.21%.

What is the best performing quarter for Arrow Financial (AROW) stock?

Historically, Q2 is the best performing quarter for Arrow Financial (AROW) stock with an average return of +6.79%.

What is the worst performing quarter for Arrow Financial (AROW) stock?

Historically, Q3 is the worst performing quarter for Arrow Financial (AROW) stock with an average return of +2.79%.

What is the best performing year for Arrow Financial (AROW) stock?

Historically, 1985 is the best performing year for Arrow Financial (AROW) stock with a return of +380.33%.

What is the worst performing year for Arrow Financial (AROW) stock?

Historically, 1990 is the worst performing year for Arrow Financial (AROW) stock with a return of 41.18%.

Which month has the highest win rate for Arrow Financial (AROW) stock?

Historically, June has the highest win rate for Arrow Financial (AROW) stock — positive in 64% of years.

Which month has the lowest win rate for Arrow Financial (AROW) stock?

Historically, December has the lowest win rate for Arrow Financial (AROW) stock — positive in 39% of years.

Which quarter has the highest win rate for Arrow Financial (AROW) stock?

Historically, Q4 has the highest win rate for Arrow Financial (AROW) stock — positive in 65% of years.

Which quarter has the lowest win rate for Arrow Financial (AROW) stock?

Historically, Q1 has the lowest win rate for Arrow Financial (AROW) stock — positive in 57% of years.

Data & methodology

How are returns calculated?

We compare the closing price at the end of each period (month or quarter) with the closing price at the end of the previous period. The return is the percentage change. All prices are adjusted for dividends and stock splits. Based on historical prices from our data provider.

What is average vs median?

Average is the arithmetic mean of returns for each period across years. Median is the middle value. Both exclude empty cells. Use median to reduce impact of outliers.

What does the heatmap show?

Green cells indicate positive returns, red cells indicate negative returns. The darker the color, the stronger the move. Average and Median rows summarize each column across years.

What is Win %?

Percentage of years when the period had a positive return. For example, 80% for January means January was positive in 80% of the years in the selected range.