| Benford Chart for AROW 10Q Filed 11/6/2025 | ||||||||||||||||||||||||||||||||||||
Total numbers found: 1,841 Recent share count: 16,469,026 (1's column) ■ = Typical range across full coverage universe | ||||||||||||||||||||||||||||||||||||
| # of Numbers Found in Filing | |||
|
On this page of Benford's Law Stocks.com we present our study of ARROW FINANCIAL CORP — ticker symbol AROW. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 3/10/2021 to 11/6/2025
for ARROW FINANCIAL CORP under CIK number 0000717538.
For filings made in XBRL (eXtensible
Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL
filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format
found for each filing is presented below together with the results for AROW, with the percentage of found numbers beginning with each digit
(1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as
well as the "normal" range for ARROW FINANCIAL CORP based on the past AROW filings our system processed in the past.
| Benford's Law Stocks Score for AROW = 97 | ||
Starting from a possible score of 100, we made the following score deductions: • We deducted point upon observing the 2's percentage was above the typical coverage universe range. • We deducted point upon observing the 4's percentage was above the typical coverage universe range. • We deducted point upon observing the 4's percentage was above the company's typical historical range. • The 8's percentage was higher than the 7's percentage, increasing the penalty multiplier. |
| AROW's Score Vs. Typical Stock | |||
|
Check our work! We provide our ARROW FINANCIAL CORP Benford's Law analysis for informational purposes only, and our software should be expected to
make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating
the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the AROW filing
above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also
be helpful for exploring any columns in particular that caught your eye.
| 1's | 2's | 3's |
|---|---|---|
| We found 510 numbers that start with the digit 1. Here they are: 16,442,453 127,124 1,805 137,829 134,515 1,526,055 1,520,024 178,843 191,962 1 1,000,000 1 18,453 102,900 136,982 126,639 11,464 1,603 1,867 155,537 144,092 1,966 10,905 1,695 1,803 17,181 15,091 1,177 167 173 173 135 142 19,467 1,986 1,955 165 126 135 1,529 14,339 13,446 1,907 1,754 15,639 14,246 1,953 11,677 10,399 16,599 11,537 12,825 16,402 16,710 16,541 16,746 16,406 16,742 16,543 16,772 1.80 1.51 1.80 1.50 12,825 12,124 1,700 146 174 184 151 15,074 14,639 18,453 14,128 14,128 102 13,377 107 10,064 165 10,086 10,086 102,900 10,889 101,522 12,825 12,825 103 117 117 1,432 1,432 102,900 13,602 13,602 166 15,196 122 137 179 179 121 165 19,875 135 179 111 1,285 1,690 1,359 10,130 127,890 16 1,173 112,211 102,100 1,980 10,086 102 166 14,128 13,602 167,535 197,552 154,546 142,536 1,704 10,648 127,124 154,546 14,000 1,592 100,346 14,189 1,000 151,690 11,000 187,149 139,509 11,202 175,979 1 1,000 151 181,759 115,328 1 107 106 19,260 1,425 1,425 19,036 1,425 1,425 120 16 136 106 106 1,456 1,675 16 1,454 1,673 1,456 1,675 165 165 11,089 11,965 11,645 1,525 1,672 18,569 169,638 1,070,664 1,364,959 170,330 1,089,233 1,372,750 11,211 11,957 156 102 14,902 19,468 15,220 18,853 158,378 1,100,128 1,314,889 158,991 1,118,981 1,320,204 1,644 1,644 19 102 14,902 102 14,902 16,012 11,011 1,464 1,464 15,368 11,900 1,925 14,507 13,284 1,333 15,368 11,900 14,111 11,882 1,388 1,429 133 1,898 14,045 12,678 1,958 15,521 11,220 1,476 1,499 1,898 14,045 12,678 1.3 1.6 14,902 14,902 1,417 1,417 1,417 14,902 16,319 170,330 1,089,233 1,370,165 15,368 11,900 158,991 1,118,981 1,318,787 1,925 14,507 13,284 14,902 1,417 16,319 1,056 1,056 1,056 1,056 17,751 13,015 11,032 164,158 158 1,191 102 1,510 18,011 13,015 13,020 170,330 113,780 133,133 100,394 12,422 1,141 14,308 1,965 18,064 118,505 146,696 105,492 1,656 166,014 1,087,553 106 1,680 166,268 1,089,233 1,080 1,093 194 104,692 175,578 165,796 173,254 130,934 1,368,375 1,994 1,605 175 104,692 175,836 165,796 173,597 131,109 1,372,750 150,522 1,080 1,093 16,941 19,211 15,686 153,584 107 1,821 12 16,941 16,181 158,991 137,146 109,086 115,576 187,202 12,680 146 172 1,985 149,998 111,071 117,885 121,803 18,994 1,116,724 178 115 122,396 19,109 1,118,981 1,272 1,669 1,270 162,087 177,071 181,934 106,695 128,687 1,316,448 162,087 177,272 182,135 107,159 128,937 1,320,204 149,261 1,272 1,669 1,270 1.4 1.0 1.0 1.0 1,700 10,000 10,000 10,000 10,000 1 16,336 12,124 146 1,700 177 128 184 13,213 12,505 11,457 1,203 197 196 146 161 174 17 151 1,967 10,036 17,620 10,889 189 170 15,168 146 154 18,453 12,124 1,700 10,424 184 12,124 184 15,168 1,711 174 151 1,032 174 151 128 189 196 154 169 11,504 102 152 10 128 108 100 11 157 115 127 1,202 1,743 142 109 123 116 1,269 1,682 18 112 12,825 12,783 16,402 16,710 16,541 16,746 1.80 1.51 12,825 12,783 16,402 16,710 16,541 16,746 16,406 16,742 16,543 16,772 1.80 1.50 100,346 100,346 14,189 14,189 100,346 100,346 100,346 12,659 12,659 10 100,346 19,402 15,051 15,051 15,051 19,372 19,372 154,546 154,546 154,546 13,229 13,229 13,229 12,659 12,659 12,659 1.1 135 142 133 132 135 142 104 177 1,050 1,076 119,701 104,897 125 142 100 1.4 184 1,837 1,353 1,153 1,206 1,226 1,213 1,695 1,695 11,464 1,603 136,982 135 | We found 377 numbers that start with the digit 2. Here they are: 27,422 23,789 23,789 2,058 20,000 20,000 22,066,559 22,067 22,067 2,245 2,103 2,656 2,160 28,384 21,005 28,438 2,326 27,504 2,600 2,429 2,857 2,881 259 2,781 24,164 23,847 2,111 25,433 24,100 2,562 29,940 25,239 29,940 25,239 2,452 222 284 2,249 22,067 29,940 29,940 247 244 2,753 22 22 25 25 22,067 22,067 2,249 2,249 24 22,067 22,067 25,239 25,239 255 209 2,753 23 23 22,230 21 21 206 206 266,517 22,067 25,968 22,067 25 2,753 23 23 25 25 22,067 25,968 29,940 25,239 2,326 21,510 255 227 29 28,844 2,999 2,285 2,708 272,121 25,000 2,560 244 209 245,554 242,891 2,107 27,422 25,000 200 2,068 211 272 23,803 22 24,097 24,728 200 24,992 28,356 25,000 200 213,277 288,304 24,459 2,000 2,000 25,009 28,312 24,728 200 203,308 279,283 25,268 2,009 2,009 24,728 200,624 226,330 24,728 204,358 230,064 272 23,799 22 24,093 272 23,803 22 24,097 240 29 21 240 294,608 221,305 276,466 288,263 2 2,037 2,042 21 21 22,995 22,677 219 219 235 2 2 219 219 216 231 245 27,052 2,685 2,225 2,239 245 245 2,241 20,621 2,241 20,621 2,775 2,735 2,152 2,227 2,347 2,735 2,031 2,985 296 2,641 2,566 2,233 2,233 2,354 2,326 2,641 2,585 2,585 2,585 2,585 2,735 2,585 2,585 27,494 21,989 29,216 2,930 27,989 22,488 272,312 276 27,205 291,308 2,162 290,403 217,438 28,792 254 291 290,509 217,920 28,878 221 210,304 258 212,298 20 221 2,384 2,387 28,988 23,808 229 280 264 29,497 25,002 22,241 2,799 200 25,388 2,309 26,853 223,561 297,698 243,484 2,257 298,122 244,086 243 225,398 201 254 201 2,386 250 225,652 279,745 292 23,000 23,000 23,000 23,000 2.00 20 2.86 2.86 2,452 2,300 222 284 20 248 2,249 2,954 20 235 204 2,588 2,636 2,452 2,060 222 2,452 2,249 2,466 2,955 23,145 25,968 27,292 284 2,211 284 2,466 2,839 23,145 25,968 254 207 248 212 204 235 21,818 24.54 27.50 25.68 26.68 246,453 29.50 20.09 27.37 234,824 29.76 210,284 29.48 24,540 26 23 26 24 20 237 26 23 224 210 2,978 29 239 2,783 237 29 253 266 29,940 25,239 29,843 25,239 29,940 25,239 29,843 25,239 2 26 24,728 24,728 200 200 240 240 294,608 294,608 20,000 21,324 20,000 20,000 20,000 208 203 29 28 246 268 268 272 286 2,154 2,917 250 26 2,263 2,234 287 287 287 287 20 269 2,245 2,245 | We found 242 numbers that start with the digit 3. Here they are: 351,512 3,442,009 3,394,541 34,176 33,598 3,407,833 3,360,943 3,827,930 3,905,447 30,000,000 31,706 3,439 34,131 33,316 392 39,375 3,590 3,510 38,627 32,136 3,774 392 3,464 39,753 32,687 354 342 342 379,814 3,732 30 3,184 33,416 379,772 377 393,311 31,632 383,018 38 3,041 393,311 312 354 377 3,458 35,371 36,801 3,017 32,354 38,034 397,437 340,088 3,819 37,683 351,512 397,437 368,331 3,871 346,120 322,189 3,364 3,303 3,734 3,734 3 330,448 32 35,869 36,713 391,794 33,832 34,671 35,869 36,713 387 39,963 37,396 38,324 3,735 37,233 38,149 3,641 37,276 37,276 387 387 378 378 392 392 3.0 3,442 3,414,957 3,442,009 355 391 318 3,354,540 3,394,541 36 3,726 3,726 379 398 3,376 3,376 34,191 34,176 3,882 33,598 3,818 34,176 31,009 31,262 31,265 31,262 3,439,424 34,176 3,378,222 3,882 33,598 351 351 351 351 32,146 3,972 303 343 307 3,818 309,091 309,552 343 31 367,754 3,442,009 3,030 3,586 3,002 32,336 3,670 386,004 345 386,349 334,576 3,756 336,962 3,394,541 3.15 3,968 3 3,304 392 300 33 383 3,020 3,400 3,223 3,464 392 32,427 31,632 3,464 3,610 3,013 31,648 33,416 3,013 300 383 33 32.16 37 32 32 32 31 383 323 348 34 3 346 382 32 346,120 346,120 385,237 390,961 399,260 3,548 3,548 3,548 3,548 365,041 370,096 382,755 361 361 397,437 397,437 397,437 385,237 3,407,833 3,245,164 3,245,164 3,548 3,548 3,548 365,041 3,360,943 3,137,721 3,137,721 3,827,930 3,824,699 3,824,699 377 395 326 3.75 3.75 3.44 3.37 32 376 333 3,504 3,504 3.0 3.0 300,000 3 302,234 3.29 350 350 342 3,316 3,316 3,227 |
| 4's | 5's | 6's |
|---|---|---|
| We found 214 numbers that start with the digit 4. Here they are: 45,925 485,583 463,111 4,369 4,353 4,587,115 4,306,348 4,100,051 4,265 4,928 40,184 43,912 4,169,428 414,133 413,476 417,687 400,901 4,587,115 4,306,348 46,832 44,122 4,066 455 49,443 4,934 46 47 41,980 4,963 4,692 463 413,476 400,901 40 43,250 414,133 417,687 413,880 408,506 4,768 4,768 414,133 417,687 412,551 413,065 412,917 4,526 4,526 4,594 413,065 4,130 4,008 471 494 45,556 4,015 4,084 44 4,335 45,925 485,583 48,827 4 4 499,673 463,111 48,370 48,370 4,663 493 4,557 40,457 4,557 41,833 4,557 41,833 493 493 40,001 4,393 40 4,173 4,208 4,604 4,173 41 4,512 41 4,562 4,173 43,661 495 478 439 4,981 43,661 46,994 4,725 4,791 4,688 47,297 456 461 482 456 4,208 407,817 4,375 409,422 470,487 42,767 483 42,874 48,268 473 424 48,446 473 434 464 49 49 432,543 443 4,265 4,265 4,265 4.32 4.85 4,265 4.32 4.00 4.00 462,063 449,491 4,306 4,212 4,667 463 4,738 4,643 4,289 489 4,677 4,927 4,643 463 486 489 486 43,250 444 400 47 423 41 42 42 4 485,583 491,307 499,606 463,111 468,166 480,825 458 458 485,583 485,583 42,849 4,369 4,369 4,369 4,100,051 4,097,729 4,097,729 4,265 4,321 4,321 463,111 463,111 4,353 4,353 4,353 4,150 4,327 4,928 4,347 4,792 4,493 471 44 44 44 46 47 49 4,493 4,928 44 44 44 4,445 4,501 4,445 4,501 4,066 455 46,832 46 4,066 455 46,832 46 | We found 136 numbers that start with the digit 5. Here they are: 5,724 5,055 59,717 5,005 5,628,864 5,323,638 5,488 562 53,598 5,904 5,510 5,232 5,645 5,859 513 514 57,516 5,616 5,299 573 5,881 5,299 54 53 569 511 58 50 5,664 5,144 522 522 55 52,947 5,664 5,664 55 54 54 573 5 547 57,379 5,553 505,809 50,069 5 54,182 54,182 5 5 58,081 57,694 5,724 5,055 5,955 5,459 5,417 5,315 5,615 5,615 56 51 51 56 5,937 51 500,665 543,273 593 5,837 5,895 571,107 571,107 5.34 5.24 538 511 569 50 58 50 53 5,664 581 539 5,818 58 50 58 50 5,664 511 581 569 53 53,564 54 5,144 5 582 562 59 54 53 5,724 5,724 5,055 5,055 5,724 5,724 5,724 5,274 5,274 5,274 5,055 5,055 5,055 5,099 5,099 5,099 5 5,022 5,007 597 57 503 5,336 5,520 5,520 50 540 554 5,859 5,859 52,947 | We found 100 numbers that start with the digit 6. Here they are: 62,251 62,744 60,002 646,268 602,132 6,735 62,047 6,428 669 622 648 634 698 6,897 62 62 65,792 69 6,525 6,525 6,428 669 6,278 6,376 63,107 697 6,525 60,869 6,807 69,214 66,958 62,744 62,251 6,432 6,213 68,112 6,212 68,490 6,212 669 669 660 692 613 649 685 634 634 644 610 6,428 66 60 647,554 6,183 6,255 602 684,361 602,020 644,738 601,873 654,890 679,741 616,290 6,900 6.26 6.59 600 688 62 64 624 61 67 643 62 62 679 611 640 679 65 67 688 611 624 655 6,485 6 69,214 69,214 62,744 62,251 621 618 603 6,505 6,544 6,541 686 |
| 7's | 8's | 9's |
|---|---|---|
| We found 84 numbers that start with the digit 7. Here they are: 771,014 702,978 77,215 79,719 7,533 7,337 77,130 71,430 77 77 7,448 77,215 79 73 79 7,448 7,448 72 77,429 72,980 77,429 72,545 77 70,000 7 72,506 70,831 74,324 74,702 759 7,791 781,145 796,365 75 748 748 781,463 764,427 75,359 75,650 728 761,754 72 738,641 796,365 714,007 763,091 763,091 7.41 7.74 7 78 771 766 78 7,631 7,448 765 7,934 7,448 78 7 78 7 76 71 79 70 77 73 77 77 77 7 75,262 743 77 7 725 733 7,845 75 747 729 | We found 91 numbers that start with the digit 8. Here they are: 810,834 8,600 8,640 8,851 82,045 815 8,244 8,130 8,716 8,133 8,687 8,975 8,975 8,503 8,640 84,970 8 8 8,640 87,222 8,620 8,884 8,975 8,975 83 80 8 8 82,191 87,781 8,959 847 85 89 818 818 818 809,696 809,696 8,576 80 80 8 889 815 8,077 810 837 809,696 809,696 86 892 8,077 871 8,600 8,600 890.3 8,600 852 82 8,503 8,640 8,640 8,503 8,503 82 823 84 89 8,975 8,975 8,975 8,975 8,299 8,299 8,638 8,638 8,638 8,638 8,299 8,299 8,299 8,600 8,386 8,386 8,638 8,638 8,638 843 866 864 | We found 87 numbers that start with the digit 9. Here they are: 96,586 98,261 977,871 93,027 93,404 9,534 98,021 934 91,593 94 9,282 95 9,813 93,404 9,813 9,813 93,027 93,027 97 93,282 93,314 93,282 98,278 978 978 978 97,985 90 98,070 979 979 979 97 928 916 91,829 98,261 90,373 96,586 94 94 934 9 93,842 94,461 912 930 9 9 90,049 96,783 9,506 93,051 97,129 949 949 9 95 99 9,813 9,282 95 95 9,282 9,282 9,813 992 9 928 9 98 97 97 97 98,070 98,070 979 979 98,070 98,070 98,070 98,070 98,261 96,586 91 9,534 9,534 |
While the above AROW 10Q Filed 11/6/2025 is interesting in isolation, we have found that it is also useful to take a look at older
ARROW FINANCIAL CORP filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a
Benford's Law analysis. Below we repeat the 10Q Filed 11/6/2025 but instead of the chart comparing against the typical company across
our coverage universe, below we show the same chart compared against the typical AROW 10Q and 10K filings that we have processed
historically. This is followed by similar charts for each of those historical filings.
| 10Q Filed 11/6/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,841 ■ = Typical AROW range from 3/10/2021 to 11/6/2025 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 3/14/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 2,599 ■ = Typical AROW range from 3/10/2021 to 11/6/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/10/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,784 ■ = Typical AROW range from 3/10/2021 to 11/6/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/8/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 2,075 ■ = Typical AROW range from 3/10/2021 to 11/6/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 11/7/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 2,037 ■ = Typical AROW range from 3/10/2021 to 11/6/2025 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 3/11/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 2,419 ■ = Typical AROW range from 3/10/2021 to 11/6/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/6/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,504 ■ = Typical AROW range from 3/10/2021 to 11/6/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/8/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,824 ■ = Typical AROW range from 3/10/2021 to 11/6/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 11/7/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 2,190 ■ = Typical AROW range from 3/10/2021 to 11/6/2025 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 3/11/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 2,516 ■ = Typical AROW range from 3/10/2021 to 11/6/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 7/27/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,666 ■ = Typical AROW range from 3/10/2021 to 11/6/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/5/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 2,014 ■ = Typical AROW range from 3/10/2021 to 11/6/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 11/4/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,885 ■ = Typical AROW range from 3/10/2021 to 11/6/2025 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 3/10/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 2,350 ■ = Typical AROW range from 3/10/2021 to 11/6/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/9/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,478 ■ = Typical AROW range from 3/10/2021 to 11/6/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/8/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 2,162 ■ = Typical AROW range from 3/10/2021 to 11/6/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 11/9/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 2,128 ■ = Typical AROW range from 3/10/2021 to 11/6/2025 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 7/17/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 2,480 ■ = Typical AROW range from 3/10/2021 to 11/6/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/6/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,633 ■ = Typical AROW range from 3/10/2021 to 11/6/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/6/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,863 ■ = Typical AROW range from 3/10/2021 to 11/6/2025 | ||||||||||||||||||||||||||||||||||||