secwatch.observer — SEC 8-K summary
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Issuer:     ARROW FINANCIAL CORP (AROW)
CIK:        0000717538
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0000717538-23-000212
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717538/000071753823000212/0000717538-23-000212-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717538/000071753823000212/arow-20231024.htm
  HTML page:      https://secwatch.observer/filing/0000717538-23-000212

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