Arrow Financial (Arrow Financial) Credit Losses Provision : $3.4 Mil (As of Dec. 2023)

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What is Arrow Financial Credit Losses Provision?

Arrow Financial's credit losses provision for the three months ended in Dec. 2023 was $0.5 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $3.4 Mil.

Arrow Financial's quarterly credit losses provision declined from Jun. 2023 ($0.9 Mil) to Sep. 2023 ($0.4 Mil) but then increased from Sep. 2023 ($0.4 Mil) to Dec. 2023 ($0.5 Mil).

Arrow Financial's annual credit losses provision increased from Dec. 2021 ($0.3 Mil) to Dec. 2022 ($4.8 Mil) but then declined from Dec. 2022 ($4.8 Mil) to Dec. 2023 ($3.4 Mil).

Arrow Financial Credit Losses Provision Historical Data

The historical data trend for Arrow Financial's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Arrow Financial Credit Losses Provision Chart

Arrow Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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2.08

9.32

0.27

4.80

3.38

Arrow Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															1.41	1.55	0.95	0.35	0.53

Arrow Financial Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.4 Mil.

Arrow Financial (Arrow Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Arrow Financial Corp (NAS:AROW) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

BQE:Germany

Address

250 Glen Street, Glens Falls, NY, USA, 12801

Website

https://www.arrowfinancial.com

Arrow Financial Corp is a holding company. The company provides various advisory and administrative services and coordinates the general policies and operations of the banks. It provides financial products, including online and mobile banking, mortgages, commercial loans, investments, and others. The company also provides lending services including commercial and industrial lending primarily to small and mid-sized companies; mortgage lending for residential and commercial properties; and consumer installment and home equity financing. The key source of company's revenue is interest income, fees, commission earned through its subsidiaries.

Executives

Andrew J Wise	officer: SVP, Chief Operating Officer	250 GLEN STREET, GLENS FALLS NY 12801
David D Kaiser	officer: SVP	AMETHYST DRIVE, QUEENSBURY NY 12804
Read Colin L	director	81 BLAIR ROAD, PLATTSBURGH NY 12901
William L Owens	director	42 BLUE HERRON WAY, PLATTSBURGH NY 12901
Elizabeth Miller	director	250 GLEN STREET, GLENS FALLS NY 12801
Gary C Dake	director	514 LOCUST GROVE ROAD, GREENFIELD CENTER NY 12833
Mark Behan	director	250 GLEN STREET, GLENS FALLS NY 12801
Penko Krassimir Ivanov	officer: EVP, Treasurer and CFO	C/O ARROW FINANCIAL CORPORATION, 250 GLEN STREET, GLENS FALLS NY 12801
David S. Demarco	officer: Senior Vice President	7 INGERSOL ROAD, SARATOGA SPRINGS NY 12866
Raymond F O'conor	officer: Senior Vice President	7 ROLLING GREEN DRIVE, WILTON NY 12831
Gregory J Champion	director	250 GLEN STREET, GLENS FALLS NY 12801
Thomas L Hoy	director	ARROW FINANCIAL CORPORATION, 250 GLEN STREET, GLENS FALLS NY 12801
Reisman Richard J Dmd	director	9 ST. ANDREWS DRIVE, QUEENSBURY NY 12804
Edward J Campanella	officer: SVP, Treasurer & CFO	42 MAXWELL ROAD, LATHAM NY 12110
Michael B Clarke	director	58 CHRISTIANA COURT, LAKE GEORGE NY 12845