Arrow Named to Piper Sandler Sm-All Star List for Financial Performance

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Arrow Financial Corporation (NasdaqGS – AROW) has been recognized as part of the Piper Sandler Sm-All Stars Class of 2021, highlighting its status among the top 35 small-cap banks and thrifts in the U.S. This prestigious accolade comes after evaluating 386 institutions based on growth, profitability, credit quality, and capital strength. Notably, Arrow is one of only five New York institutions to receive this honor, underscoring its impressive performance metrics which surpass industry averages. President and CEO Thomas J. Murphy attributed this achievement to the dedication of the Arrow team.

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• Recognized as part of Piper Sandler's Sm-All Stars Class of 2021.
• Ranked among the top 35 small-cap banks and thrifts in the U.S.
• One of only five New York institutions on the list.

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• None.

GLENS FALLS, N.Y., Oct. 13, 2021 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) is pleased to announce it was recently named to the prestigious Piper Sandler Sm-All Stars Class of 2021, a list of 35 top-performing small-cap banks and thrifts in the country.

Investment banking firm Piper Sandler Companies, evaluated 386 publicly traded banks and thrifts with a market cap below $2.5 billion based on eight metrics, including: growth, profitability, credit quality and capital strength. The field was then narrowed to the top 35. 

Arrow Financial Corporation is one of just five New York financial institutions on the list and the only one headquartered locally.

According to Piper Sandler, "the performance metrics of the institutions featured are outstanding, with the Class of 2021 delivering "bottom-line results that are markedly better than the industry as a whole."

"Arrow is pleased to once again be recognized nationally by Piper Sandler for our strong performance," said President and CEO Thomas J. Murphy. "This achievement is a direct result of the Arrow team's continued hard work and commitment."

Arrow Financial Corporation is a multi-bank holding company headquartered in Glens Falls, New York, serving the financial needs of northeastern New York. The Company is the parent of Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company. Other subsidiaries include North Country Investment Advisers, Inc. and Upstate Agency, LLC.

View original content:https://www.prnewswire.com/news-releases/arrow-named-to-piper-sandler-sm-all-star-list-for-financial-performance-301399756.html

SOURCE Arrow Financial Corporation

FAQ

What is the significance of Arrow Financial Corporation being named to the Piper Sandler Sm-All Stars Class of 2021?

It signifies Arrow's exceptional performance among small-cap banks, based on crucial metrics such as growth and profitability.

Which metrics were used to evaluate Arrow Financial Corporation by Piper Sandler?

Piper Sandler evaluated Arrow based on growth, profitability, credit quality, and capital strength.

How many banks were evaluated by Piper Sandler for the Sm-All Stars Class of 2021?

A total of 386 publicly traded banks and thrifts were evaluated.

Is Arrow Financial Corporation the only institution from Glens Falls to make the list?

Yes, Arrow is the only financial institution headquartered in Glens Falls to receive this recognition.

When was the announcement made regarding Arrow Financial Corporation's recognition?

The announcement was made on October 13, 2021.