secwatch.observer — SEC 8-K summary
======================================

Issuer:     ARROW FINANCIAL CORP (AROW)
CIK:        0000717538
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0000717538-23-000138
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arrow Q1 net income $8.6M, down 32% YoY; deposits up $48M QoQ
-------------------------------------------------------------

- Net income $8.6M ($0.52 diluted EPS) vs $12.6M in Q1 2022; revenue $34.8M.
- Net interest margin 2.96% (up from 2.90% YoY, down from 3.08% in Q4 2022).
- Total loans hit record $3.0B (+$22.1M from Dec); deposits grew $48M QoQ to $3.5B.
- Nonperforming assets fell to $11.3M (0.27% of assets); net charge-offs 0.10%.
- David S. DeMarco appointed President and CEO effective May 13, 2023; $0.27 quarterly dividend.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717538/000071753823000138/0000717538-23-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717538/000071753823000138/arow-20230724.htm
  HTML page:      https://secwatch.observer/filing/0000717538-23-000138

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer