---
schema_version: "secwatch.filing_event.v1"
accession: "0000717538-23-000041"
form_type: "8-K"
ticker: "AROW"
cik: "0000717538"
company_name: "ARROW FINANCIAL CORP"
filed_at: "2023-01-30T23:59:59+00:00"
generated_at: "2026-06-20T06:52:27.466032+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Arrow Financial FY2022 net income $48.8M, EPS $2.95; Q4 EPS up 17.7% to $0.73

## Summary
- Net income $48.8M (diluted EPS $2.95) for FY2022, down 2.1% from $49.9M ($3.01) in FY2021.
- Q4 net income $12.1M ($0.73/share), up 17.2% YoY from $10.3M ($0.62).
- Record loan growth of $315M (11.8% YoY); total loans $2.98B at Dec 31, 2022.
- Net interest margin improved to 3.03% (FY2022) from 2.97% (FY2021); provision for credit losses $4.8M vs $272K.
- Deposits declined $52.1M to $3.50B; nonperforming assets 0.32% of period-end assets.

## SEC filing metadata
- accession: 0000717538-23-000041
- form_type: 8-K
- ticker: AROW
- cik: 0000717538
- company_name: ARROW FINANCIAL CORP
- filed_at: 2023-01-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/717538/000071753823000041/0000717538-23-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/717538/000071753823000041/arow-20230130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000717538-23-000041
- JSON: https://secwatch.observer/filing/0000717538-23-000041.json
- Plain text: https://secwatch.observer/filing/0000717538-23-000041.txt

## Key facts
- Earnings Releases
  ARROW FINANCIAL CORP reported the fourth quarter of 2022 results: net income $12.1 million, EPS $0.73.
  - Period: the fourth quarter of 2022
  - Net income: $12.1 million
  - EPS: $0.73
  - Result: reported results
  source text: For the fourth quarter of 2022, net income was $12.1 million, an increase of $1.8 million, or 17.2%, from the fourth quarter of 2021. Diluted EPS was $0.73 for the fourth quarter of 2022, an increase of 17.7% from $0.62 from the comparable 2021 quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/717538/000071753823000041/0000717538-23-000041-index.htm
- Earnings Releases
  ARROW FINANCIAL CORP reported fiscal year 2022 results: revenue $149.2 million, net income $48.8 million, EPS $2.95.
  - Period: fiscal year 2022
  - Revenue: $149.2 million
  - Net income: $48.8 million
  - EPS: $2.95
  - Result: reported results
  source text: $0.62 from the comparable 2021 quarter. 2022 Annual Highlights Earnings: • Diluted earnings per Share (EPS) was $2.95. • Net income was $48.8 million. • Revenue for 2022 was $149.2 million. • Return on average assets (ROA) was 1.21%. • Return on average equity (ROE) was 13.55%. • Net interest margin was 3.03%. Balance Sheet: • Total assets were $3.97 billion as of
  evidence_url: https://www.sec.gov/Archives/edgar/data/717538/000071753823000041/0000717538-23-000041-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.