secwatch.observer — SEC 8-K summary
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Issuer:     ARROW FINANCIAL CORP (AROW)
CIK:        0000717538
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0000717538-24-000110
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arrow Financial reports Q3 EPS $0.53, up from $0.46 YoY; NIM widens to 2.78%
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- Net income $9.0M, diluted EPS $0.53 vs $0.46 in Q3 2023; net interest margin improved to 2.78% (2.79% FTE).
- Acquired assets of A&B Agency (insurance) and a Whitehall, NY branch; expects to unify banks into Arrow Bank NA by Dec 31, 2024.
- Deposit balances $3.8B, loan-to-deposit ratio 87.0%; year-to-date loan growth $126.3M (5.2% annualized).
- Net charge-offs 0.08% annualized; nonperforming assets 0.51% of assets; allowance for credit losses 0.94% of loans.
- Announced Q4 dividend increase; Piper Sandler Sm-All Stars recognition; tangible book value $21.95, up $0.57 QoQ.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717538/000071753824000110/0000717538-24-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717538/000071753824000110/arow-20241031.htm
  HTML page:      https://secwatch.observer/filing/0000717538-24-000110

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