---
schema_version: "secwatch.filing_event.v1"
accession: "0000717538-23-000212"
form_type: "8-K"
ticker: "AROW"
cik: "0000717538"
company_name: "ARROW FINANCIAL CORP"
filed_at: "2023-10-24T23:59:59+00:00"
generated_at: "2026-06-09T15:09:27.374638+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Arrow Q3 net income $7.7M ($0.46 EPS); loans hit record $3.1B, 9% annualized growth

## Summary
- Net income $7.7M, EPS $0.46; net interest margin 2.53%, down from 2.61% Q2 2023.
- Record loans $3.1B, up $68.7M QoQ; deposits $3.7B, up $164.3M QoQ.
- Nonperforming assets $6.9M (0.16% of assets); ACL/NPL coverage 491%.
- Entered two pay-fixed fair value swaps ($250M + $50M notional) adding >$2M annual net interest income.
- Incremental delayed-filing expenses $1.1M in Q3 ($4.1M YTD) reduced ROA by 9 basis points.

## SEC filing metadata
- accession: 0000717538-23-000212
- form_type: 8-K
- ticker: AROW
- cik: 0000717538
- company_name: ARROW FINANCIAL CORP
- filed_at: 2023-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/717538/000071753823000212/0000717538-23-000212-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/717538/000071753823000212/arow-20231024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000717538-23-000212
- JSON: https://secwatch.observer/filing/0000717538-23-000212.json
- Plain text: https://secwatch.observer/filing/0000717538-23-000212.txt

## Key facts
- Earnings Releases
  ARROW FINANCIAL CORP reported for the three-month period ended September 30, 2023 results: net income $7.7 million, EPS $0.46.
  - Period: for the three-month period ended September 30, 2023
  - Net income: $7.7 million
  - EPS: $0.46
  - Result: reported results
  source text: Arrow Reports Q3 2023 Net Income of $7.7 Million and Earnings per Share of $0.46, Loans of $3.1 Billion on 9% Annualized Loan Growth
  evidence_url: https://www.sec.gov/Archives/edgar/data/717538/000071753823000212/0000717538-23-000212-index.htm

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