Arrow Financial Corporation (AROW) SEC Filings & Earnings Calls
EquiReason read 18 Arrow Financial Corporation SEC filings in the last 12 months. Latest: 8-K on 2026-09-10 — Subsidiary entered definitive agreement to acquire an independent insurance agency; small bolt-on acquisition..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 710.8M
- P/E TTM
- 12.4
- Dividend yield
- 3.1%
- 52-week
- —
- Next earnings
- 27 Oct, in 3 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
6 Aug 202610-QTotal consideration paid $101M; Securities sold post-acquisition $74M; Borrowings paid down $125Mopen
Figures in the filing · each found in the filing text
| Total consideration paid · Q3-2026 | $101M | |
| Securities sold post-acquisition · Q3-2026 | $74M | |
| Borrowings paid down · Q3-2026 | $125M |
Risks flagged
Integration risk from acquisition
“Arrow expects systems conversion and other integration activities to be completed later in 2026.” · word for word
23 Jul 20268-K · 2.02, 7.01, 8.01Arrow Financial reported Q2 2026 net income of $11.0M ($0.66 EPS) vs $13.5M ($0.82 EPS) in Q1 2026; results impacted by $1.6M specific reserve on isolated CRE credit and $1.0M merger-related expenses; loan growth of $57.6M (6.7% annualized)earningsopen
Figures in the filing · each found in the filing text
| Net income · Q2-2026 | $11M | -19% y/y |
| Earnings per diluted share · Q2-2026 | $0.66 | -20% y/y |
| Net Interest Income · Q2-2026 | $36M | |
| Net Interest Margin · Q2-2026 | 3.4% | |
| Efficiency ratio · Q2-2026 | 62.0% | |
| Return on average assets · Q2-2026 | 1.0% | |
| Cost of retail deposits · Q2-2026 | 1.6% | |
| Loan growth · Q2-2026 | $58M | |
| Non-performing loans · Q2-2026 | $4M | |
| Specific reserve · Q2-2026 | $2M |
Risks flagged
Isolated CRE credit bankruptcy led to $1.6M specific reserve; potential for further deterioration
“Second-quarter results were impacted by a specific reserve of $1.6 million for an isolated commercial real estate credit due to a sudden personal and corporate bankruptcy declared in June 2026.”
Merger integration risk with Adirondack Bancorp; $1.0M merger expenses incurred
“approximately $1.0 million ($0.05 per share) of merger-related expenses related to the July 1, 2026 acquisition of Adirondack Bancorp, Inc.” · word for word
NIM compression due to deposit mix shift and NPL interest reversal
“Net interest margin, on an FTE basis, for the second quarter of 2026 decreased to 3.43%, compared to 3.48% for the first quarter of 2026.” · word for word
1 Jul 20268-K · 2.01, 5.02, 7.01Assets Acquired $1.00B; Branches Acquired 19; Exchange Ratio 1.861acquisitionopen
Figures in the filing · each found in the filing text
| Assets Acquired · 2026-07-01 | $1.00B | |
| Branches Acquired · 2026-07-01 | 19 | |
| Exchange Ratio · 2026-07-01 | $1.86 | |
| Cash Consideration per Share · 2026-07-01 | $18.72 |
Risks flagged
Integration risk from merging Adirondack Bank operations and systems; conversion scheduled later in 2026.
“The banking system conversion and integration is scheduled to be completed later in 2026” · word for word
Dilution risk from stock consideration; 1.8610 shares issued per Adirondack share.
“each share...will be converted into the right to receive (i) 1.8610 shares of Arrow common stock”
11 Jun 20268-K · 8.01Disclosed a material event under other events (litigation, recall, contract loss, or major announcement)open
Risks flagged
Integration risk from merger with Adirondack Bancorp.
“The merger is subject to customary closing conditions; forward-looking statements caution about risks and uncertainties.”
1 Jun 20268-K · 8.01Disclosed a material event under other events (litigation, recall, contract loss, or major announcement); filed financial statements and exhibits with this reportopen
Risks flagged
Merger integration risk; regulatory approval required.
“proposed transaction”
8 May 202610-QNet Loans $3M; Deposits $4M; Cash and Cash Equivalents $285,606.00open
Figures in the filing · each found in the filing text
| Net Loans · Q1-2026 | $3M | |
| Deposits · Q1-2026 | $4M | |
| Cash and Cash Equivalents · Q1-2026 | $285606.00 |
30 Apr 20268-K · 2.02, 7.01, 8.01Net income $14M; Diluted EPS $0.82; Operating EPS (non-GAAP) $0.85earningsopen
Figures in the filing · each found in the filing text
| Net income · Q1-2026 | $14M | |
| Diluted EPS · Q1-2026 | $0.82 | |
| Operating EPS (non-GAAP) · Q1-2026 | $0.85 | |
| Dividend per share · Q2-2026 | $0.30 | |
| Merger expenses · Q1-2026 | $790000.00 |
Risks flagged
Merger integration risk from Adirondack Bancorp acquisition ($950M assets, 19 branches).
“Pending regulatory approvals, the transaction is expected to close early in the third quarter of 2026 and will add approximately $950 million in assets and 19 new branch locations.” · word for word
Non-core merger expenses impacting reported EPS by $0.03.
“approximately $790 thousand ($0.03 per share) of non-core merger expenses” · word for word
23 Apr 2026DEF 14AArrow Financial Corporation filed its definitive proxy statement (DEF 14A) for the 2026 annual meeting, disclosing strong 2025 financial performance and executive compensation structure.open
Figures in the filing · each found in the filing text
| Net Income · FY2025 | $44M | |
| Earnings Per Share (EPS) · FY2025 | $2.65 | +50% y/y |
| Tangible Book Value (TBV) Growth · FY2025 | 10.0% | |
| Loan Growth · FY2025 | $59M | +2% y/y |
| Total Deposits · FY2025 | $3.90B | +3% y/y |
| Total Assets · FY2025 | $4.40B | |
| Nonperforming Assets / Total Assets · FY2025 | 0.2% | |
| Net Loan Charge-offs / Average Loans · FY2025 | 0.2% |
6 Mar 202610-KNet interest income $133M (+19% y/y); Net interest margin 3.17; Efficiency ratio 61.97open
Figures in the filing · each found in the filing text
| Net interest income · FY2025 | $133M | +19% y/y |
| Net interest margin · FY2025 | 3.2% | |
| Efficiency ratio · FY2025 | 62.0% | |
| Provision for credit losses · FY2025 | $7M | +40% y/y |
| Non-interest income · FY2025 | $32M | +16% y/y |
| Non-interest expense · FY2025 | $103M | +6% y/y |
| Total loans, net · 2025-12-31 | $3.42B | +2% y/y |
| Allowance for credit losses · 2025-12-31 | $34M | +2% y/y |
| Cash and cash equivalents · 2025-12-31 | $214M | +39% y/y |
| Total assets · 2025-12-31 | $4.42B |
Risks flagged
Credit quality deterioration
“The provision for credit losses for 2025 was $7.3 million, compared to the $5.2 million provision for 2024.” · word for word
Commercial loan charge-off
“net charge-offs of $6.6 million, which includes the $3.75 million charge-off of the previously disclosed commercial loan participation in the second quarter of 2025” · word for word
Potential problem loans increase
“At December 31, 2025, Arrow identified 33 commercial loans totaling $25.5 million as potential problem loans. At December 31, 2024, Arrow identified 33 commercial loans totaling $21.0 million as potential problem loans.” · word for word
Interest rate risk from securities portfolio
“At December 31, 2025 and 2024, the weighted average maturity was 10.5 and 4.2 years, respectively, for debt securities in the available-for-sale portfolio.” · word for word
26 Feb 20268-K · 1.01, 7.01, 8.01Arrow Financial Corporation entered into a definitive agreement to acquire Adirondack Bancorp, Inc. via merger, with a joint press release and presentation materials furnished.acquisitionopen
Figures in the filing · each found in the filing text
| assets added · Q3-2026 | $950M |
Risks flagged
Regulatory approval risk for the merger.
“Pending regulatory approvals, the transaction is expected to close early in the third quarter of 2026”
29 Jan 20268-K · 2.02, 5.02, 7.01, 8.01Net Income $14M (+211% y/y); Earnings Per Share (diluted) $0.85 (+215% y/y); Net Interest Income $35Mearningsopen
Figures in the filing · each found in the filing text
| Net Income · Q4-2025 | $14M | +211% y/y |
| Earnings Per Share (diluted) · Q4-2025 | $0.85 | +215% y/y |
| Net Interest Income · Q4-2025 | $35M | |
| Net Interest Margin · Q4-2025 | 3.2% | |
| Tangible Book Value per Share · Q4-2025 | $24.71 | +10% y/y |
| Return on Average Assets · Q4-2025 | 1.2% | |
| Net Charge-Offs (annualized) · Q4-2025 | 0.1% | |
| Dividend per Share · Q1-2026 | $0.30 | +3% y/y |
Risks flagged
Elevated average municipal deposits negatively impacted FTE NIM by 4bps, indicating potential deposit cost pressure.
“Elevated average municipal deposits negatively impacted FTE NIM by 4bps” · word for word
25 Nov 20258-K · 5.02Reported the departure of a director or principal officer (CEO/CFO change); filed financial statements and exhibits with this reportopen
Risks flagged
Minimal risk; routine board addition.
“No related party transactions; standard director compensation.”
6 Nov 202510-QArrow Financial filed a 10-Q with routine updates on derivative hedging activities and balance sheet composition; no material operational changes reported.open
Figures in the filing · each found in the filing text
| Net Loans · Q3-2025 | $3.41B | |
| Deposits · Q3-2025 | $4.10B | |
| Cash and Cash Equivalents · Q3-2025 | $397M | |
| Securities Available-for-Sale · Q3-2025 | $486M |
Risks flagged
Interest rate risk from derivative termination
“Arrow voluntarily terminated the fair value swaps... resulting in a cash payment of approximately $3.0 million to settle the derivative liabilities.” · word for word
5 Nov 20258-K · 8.01Disclosed a material event under other events (litigation, recall, contract loss, or major announcement); filed financial statements and exhibits with this reportopen
Risks flagged
Litigation risk resolved via settlement; no material financial impact.
“The settlement has no material financial impact on the Company’s results of operations or financial position.” · word for word
30 Oct 20258-K · 2.02, 7.01, 8.01Net Income $13M; Diluted Earnings Per Share $0.77; Net Interest Income $34Mearningsopen
Figures in the filing · each found in the filing text
| Net Income · Q3-2025 | $13M | |
| Diluted Earnings Per Share · Q3-2025 | $0.77 | |
| Net Interest Income · Q3-2025 | $34M | |
| Net Interest Margin · Q3-2025 | 3.2% | |
| Return on Average Assets · Q3-2025 | 1.2% |
Risks flagged
Provision for credit losses increased to $815K from $594K QoQ due to charge-offs; loan-to-deposit ratio at 84%.
“For the third quarter of 2025, the provision for credit losses was $815 thousand compared to $594 thousand in the second quarter of 2025, primarily driven by third quarter 2025 charge-offs.” · word for word
Arrow Financial Corporation — questions
- What did Arrow Financial Corporation file recently?
- 18 SEC filings in the last 12 months. Latest: 8-K on 2026-09-10 — Subsidiary entered definitive agreement to acquire an independent insurance agency; small bolt-on acquisition.
Every figure on this page comes from Arrow Financial Corporation's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.