---
schema_version: "secwatch.filing_event.v1"
accession: "0000717538-26-000110"
form_type: "8-K"
ticker: "AROW"
cik: "0000717538"
company_name: "ARROW FINANCIAL CORP"
filed_at: "2026-07-23T11:29:51+00:00"
generated_at: "2026-07-23T11:35:24.970216+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Arrow Financial Q2 EPS $0.66 vs $0.82 Q1; $1.6M specific reserve; Adirondack acquisition closed

## Summary
- Net income $11.0M ($0.66 diluted EPS) vs $13.5M ($0.82) in Q1; adjusted EPS $0.71 excluding $1.0M merger expenses.
- Recorded $1.6M specific reserve ($0.08 per share) for isolated commercial real estate credit due to bankruptcy; NPLs rose to $8.7M.
- Closed acquisition of Adirondack Bancorp on July 1, adding ~$1.0B assets and 19 branches; expects EPS accretion in 2027.
- Net interest margin (FTE) 3.43%, down from 3.48% Q1; loan growth $57.6M (6.7% annualized).
- Declared quarterly dividend $0.30 per share, payable Aug 25 to holders of record Aug 11.

## SEC filing metadata
- accession: 0000717538-26-000110
- form_type: 8-K
- ticker: AROW
- cik: 0000717538
- company_name: ARROW FINANCIAL CORP
- filed_at: 2026-07-23T11:29:51+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/717538/000071753826000110/0000717538-26-000110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/717538/000071753826000110/arow-20260722.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000717538-26-000110
- JSON: https://secwatch.observer/filing/0000717538-26-000110.json
- Plain text: https://secwatch.observer/filing/0000717538-26-000110.txt

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