secwatch.observer — SEC 8-K summary
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Issuer:     ARROW FINANCIAL CORP (AROW)
CIK:        0000717538
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0000717538-23-000165
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717538/000071753823000165/0000717538-23-000165-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717538/000071753823000165/arow-20230808.htm
  HTML page:      https://secwatch.observer/filing/0000717538-23-000165

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