Amalgamated Bank Reports First Quarter 2020 Financial Results
Amalgamated Financial Corp. (AMAL)
Last amalgamated financial corp. earnings: 4/30 06:25 am
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amalgamatedbank.com/contact/investor-relations
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Source: GlobeNewswire
NEW YORK, April 30, 2020 (GLOBE NEWSWIRE) -- Amalgamated Bank (Nasdaq: AMAL) (“Amalgamated”) today announced financial results for the first quarter ended March 31, 2020. First Quarter 2020 Highlights Net income of $9.5 million, or $0.30 per diluted share, compared to $10.8 million, or $0.33 per diluted share, for the first quarter of 2019Core net income (non-GAAP)1 of $9.2 million, or $0.29 per diluted share, compared to $10.7 million, or $0.33 per diluted share, for the first quarter of 2019Deposit growth of $435.6 million, or 37.5% annualized, compared to a balance of $4.6 billion on December 31, 2019Loan growth of $76.2 million, or 8.9% annualized, compared to a balance of $3.4 billion on December 31, 2019Cost of deposits was 0.33%, compared to 0.36% for the fourth quarter of 2019 and 0.31% for the first quarter of 2019Net interest margin was 3.46%, compared to 3.43% for the fourth quarter of 2019 and 3.65% for the first quarter of 2019Tier 1 Leverage, Common Equity Tier 1,
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News
- Amalgamated Financial (NASDAQ:AMAL) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Amalgamated Financial (NASDAQ:AMAL) was upgraded by analysts at Piper Sandler from an "underweight" rating to a "neutral" rating.MarketBeat
- Is Amalgamated Financial (AMAL) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- Amalgamated Financial (NASDAQ:AMAL) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Amalgamated Financial (AMAL) Moves to Buy: Rationale Behind the Upgrade [Yahoo! Finance]Yahoo! Finance
AMAL
Earnings
- 10/23/25 - Beat
AMAL
Sec Filings
- 11/14/25 - Form 4
- 11/12/25 - Form 144
- 11/10/25 - Form 8-K
- AMAL's page on the SEC website