---
schema_version: "secwatch.filing_event.v1"
accession: "0000717538-23-000165"
form_type: "8-K"
ticker: "AROW"
cik: "0000717538"
company_name: "ARROW FINANCIAL CORP"
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T03:14:41.995365+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Arrow Financial reports Q2 net income $6.0M, EPS $0.36; loans hit record $3.1B

## Summary
- Net income $6.0M vs $8.6M Q1 2023 and $12.0M Q2 2022; diluted EPS $0.36.
- Total loans reached record $3.1B, up 2.1% from Q1; loan-to-deposit ratio 88%.
- Net interest margin compressed to 2.61% from 2.96% Q1 and 3.02% Q2 2022, as interest expense surged.
- Nonperforming assets fell to $7.1M (0.17% of assets) from $11.3M; allowance coverage 477% of NPLs.
- Back in full compliance with NASDAQ filing requirements; $0.27 quarterly dividend declared, unchanged.

## SEC filing metadata
- accession: 0000717538-23-000165
- form_type: 8-K
- ticker: AROW
- cik: 0000717538
- company_name: ARROW FINANCIAL CORP
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/717538/000071753823000165/0000717538-23-000165-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/717538/000071753823000165/arow-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000717538-23-000165
- JSON: https://secwatch.observer/filing/0000717538-23-000165.json
- Plain text: https://secwatch.observer/filing/0000717538-23-000165.txt

## Key facts
- Earnings Releases
  ARROW FINANCIAL CORP reported the second quarter of 2023 results: net income $6.0 million, EPS $0.36.
  - Period: the second quarter of 2023
  - Net income: $6.0 million
  - EPS: $0.36
  - Result: reported results
  source text: Net Income: Net income for the second quarter of 2023 was $6.0 million, decreasing from $8.6 million and $12.0 million in the first quarter of 2023 and the second quarter of 2022, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/717538/000071753823000165/0000717538-23-000165-index.htm
- Earnings Releases
  ARROW FINANCIAL CORP reported the three-month period ended June 30, 2023 results: net income $6.0 million, EPS $0.36.
  - Period: the three-month period ended June 30, 2023
  - Net income: $6.0 million
  - EPS: $0.36
  - Result: reported results
  source text: Arrow Reports $6.0 million in Q2 2023 Net Income, Loans Reach Record High of $3.1 Billion GLENS FALLS, N.Y. (August 8, 2023) – Arrow Financial Corporation (NasdaqGS ® – AROW) ("Arrow") announced financial results for the three-month period ended June 30, 2023. Net income for the second quarter of 2023 was $6.0 million and fully diluted earnings per share was $0.36.
  evidence_url: https://www.sec.gov/Archives/edgar/data/717538/000071753823000165/0000717538-23-000165-index.htm

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