AROW — what changed in the latest 10-Q
A section-by-section comparison of AROW's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-06 vs the prior 10-Q · 2026-05-08
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +58 | −51 | ~33 | 54 |
| Market risk (Item 3) | Text added/removed | +1 | −1 | ~2 | 13 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-06
The transaction was completed on July 1, 2026 and therefore, this Quarterly Report on Form 10-Q does not include the assets, liabilities or operating results of Adirondack. Under the terms of the merger agreement, Arrow acquired 100% of the outstanding voting equity interests of Adirondack. At the e…
Return on Average Tangible Equity (Net Income/Tangible Equity - Annualized)10.46 %13.92 %11.38 %
Non-GAAP Financial Measures Reconciliation: Net Interest Margin, Tax-Equivalent is the ratio of our annualized tax-equivalent net interest income to average earning assets. The income statement numbers are for the quarter ended June 30, 2026, December 31, 2025 and June 30, 2025.This is also a non-GA…
Non-GAAP Financial Measures: Financial Institutions often use the "efficiency ratio", a non-GAAP ratio, as a measure of expense control. Arrow believes that the efficiency ratio provides investors with information that is useful in understanding our financial performance. Arrow defines efficiency ra…
Adjustments for Certain Items of Income or Expense: In addition to our regular use in our public filings and disclosures of the various non-GAAP measures commonly utilized by financial institutions discussed above, we also may elect from time to time, in connection with our presentation of various f…
Text removed vs the prior filing · source: 10-Q · 2026-05-08
Upon the terms and subject to the conditions of the Agreement, Adirondack shareholders will receive a combination of stock and cash upon closing of the Merger with Arrow. Each outstanding share of Adirondack common stock will be converted into 1.8610 shares of Arrow common stock plus $18.72 in cash.
Closing of the transaction is expected early in the third quarter of 2026 following receipt of approvals from regulatory authorities, the approval of Adirondack shareholders, and the satisfaction of other customary closing conditions.
•The Agreement may be terminated in accordance with its terms and the Merger may not be completed.
Less: Goodwill and Other Intangible assets, net25,481 25,743
Return on Average Tangible Equity (Net Income/Tangible Equity - Annualized)13.23 %6.76 %
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-08-06
Arrow's EVE in the +100 Basis Point Rate and +200 Basis Point Rate Shock Scenarios changed from $709.7 million and $672.6 million, respectively, at March 31, 2026, to $722.1 million and $683.1 million, respectively, at June 30, 2026. In the -100 Basis Point Rate and -200 Basis Point Rate Shock Scena…
Text removed vs the prior filing · source: 10-Q · 2026-05-08
Arrow's EVE in the +100 Basis Point Rate and +200 Basis Point Rate Shock Scenarios changed from $693.6 million and $690.7 million, respectively, at December 31, 2025, to $709.7 million and $672.6 million, respectively, at March 31, 2026. In the -100 Basis Point Rate and -200 Basis Point Rate Shock S…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice