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

Issuer:     ARROW FINANCIAL CORP (AROW)
CIK:        0000717538
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0000717538-24-000072
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arrow Financial Q1 net income $7.7M ($0.45 EPS); loans up 6.1% annualized; margin improves
--------------------------------------------------------------------------------

- Net income $7.7M vs $8.6M in Q1 2023; diluted EPS $0.45 vs $0.50.
- Net interest margin 2.60% (up 7 bps QoQ, down 36 bps YoY) on higher earning asset yields.
- Gross loans grew $50.5M (6.1% annualized); deposits increased $91.5M (2.5%) to $3.8B.
- Allowance for credit losses 0.97% of loans; net charge-offs 0.04% annualized; NPAs 0.50% of assets.
- Declared $0.27 dividend (44th consecutive quarterly) and authorized $5M stock repurchase program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717538/000071753824000072/0000717538-24-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717538/000071753824000072/arow-20240424.htm
  HTML page:      https://secwatch.observer/filing/0000717538-24-000072

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