Which has the lower trailing P/E, AROW or FBIZ?

FBIZ has the lower trailing P/E: AROW trades at 11.98 and FBIZ at 10.65. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, AROW or FBIZ?

Over the past five years, FBIZ grew revenue faster — AROW at a 7.45% CAGR versus FBIZ at 18.40%.

Does AROW or FBIZ pay a bigger dividend?

AROW yields 3.18% and FBIZ yields 1.85% based on trailing dividends and the latest price.

Is AROW or FBIZ more profitable?

AROW runs the higher net margin — AROW at 24.21% versus FBIZ at 19.28%.

How have AROW and FBIZ total returns compared?

Over the past 10 years, AROW delivered 6.23% and FBIZ delivered 14.83% annualized total return. Past performance doesn't predict future results.

Arrow Financial Corporation (AROW) vs First Business Financial Services, Inc. (FBIZ)

A side-by-side comparison of Arrow Financial Corporation and First Business Financial Services, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

AROW

Arrow Financial Corporation

$618M

$37.38Financial ServicesDelayed quote: Oct 5, 2026, 4:00 PM EDT

FBIZ

First Business Financial Services, Inc.

$591M

$70.64Financial ServicesDelayed quote: Oct 5, 2026, 4:00 PM EDT

Total return — AROW vs FBIZ

growth of $100 · dividends reinvested · last 10y

AROW +85.1% (+6.4%/yr)FBIZ +297.9% (+14.8%/yr)FBIZ compounded faster over this window

AROW FBIZ

AROW vs FBIZ: by the numbers

•AROW is the larger company ($618M vs $591M market cap).
•FBIZ trades at the lower trailing earnings multiple (10.65 vs 11.98 P/E), one valuation lens rather than an overall verdict.
•AROW converts more revenue to profit (24.21% vs 19.28% net margin).
•FBIZ grew revenue faster over the past five years (18.40% vs 7.45% CAGR).
•AROW pays the higher dividend yield (3.18% vs 1.85%).

Metrics side by side

Valuation

Metric	AROW	FBIZ
P/E ratio	11.98	10.65
Forward P/E	10.65	10.80
PEG ratio	6.24	0.42
P/S ratio	2.92	2.05
P/B ratio	1.38	1.54

Profitability

Metric	AROW	FBIZ
Operating margin	16.19%	22.51%
Net margin	24.21%	19.28%
ROE	11.49%	14.04%

Arrow Financial Corporation: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

First Business Financial Services, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

Dividends

Metric	AROW	FBIZ
Dividend yield	3.18%	1.85%
Payout ratio	38.14%	19.76%

Growth (annualized)

Metric	AROW	FBIZ
Revenue CAGR (5Y)	7.45%	18.40%
EPS CAGR (5Y)	1.91%	25.20%
Total return CAGR (5Y)	5.90%	22.36%

Frequently asked

Which has the lower trailing P/E, AROW or FBIZ?: FBIZ has the lower trailing P/E: AROW trades at 11.98 and FBIZ at 10.65. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, AROW or FBIZ?: Over the past five years, FBIZ grew revenue faster — AROW at a 7.45% CAGR versus FBIZ at 18.40%.
Does AROW or FBIZ pay a bigger dividend?: AROW yields 3.18% and FBIZ yields 1.85% based on trailing dividends and the latest price.
Is AROW or FBIZ more profitable?: AROW runs the higher net margin — AROW at 24.21% versus FBIZ at 19.28%.
How have AROW and FBIZ total returns compared?: Over the past 10 years, AROW delivered 6.23% and FBIZ delivered 14.83% annualized total return. Past performance doesn't predict future results.

Go deeper

Full AROW analysis Full FBIZ analysis Interactive comparison tool

Dig into the metrics

Arrow Financial P/E ratio First Business Financial Services P/E ratio Arrow Financial dividend yield First Business Financial Services dividend yield Arrow Financial ROE First Business Financial Services ROE Arrow Financial operating margin First Business Financial Services operating margin Arrow Financial revenue growth First Business Financial Services revenue growth

Arrow Financial & First Business Financial Services appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest 10-Year Total Return Stocks Lowest P/E Ratio Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.