Arrow Financial posts $5.55B pro forma after Adirondack
Arrow Financial Corporation (AROW) filed an amended current report to add detailed historical and unaudited pro forma financial information related to its completed acquisition of Adirondack Bancorp, Inc. and Adirondack Bank.
Filing Impact
(Neutral)
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Form Type
8-K/A
Rhea-AI Filing Summary
Arrow Financial Corporation (AROW) filed an amended current report to add detailed historical and unaudited pro forma financial information related to its completed acquisition of Adirondack Bancorp, Inc. and Adirondack Bank. The amendment updates only the financial statement and exhibit section.
Adirondack reported total assets of $1.01 billion and deposits of $922.7 million at March 31, 2026, with first‑quarter 2026 net income of $0.3 million and 2025 net income of $3.5 million. Pro forma, the combined company would have had $5.55 billion in assets at March 31, 2026, including estimated acquisition‑related goodwill of about $46.6 million and core deposit intangibles of about $16.4 million. Under the merger terms, each Adirondack share was exchanged for 1.8610 AROW shares plus $18.72 in cash.
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