Amalgamated Financial Corp. Reports First Quarter 2024 Financial Results; Stellar Deposit Growth; Net Interest Margin Rises to 3.49%
Amalgamated Financial Corp. (AMAL)
Last amalgamated financial corp. earnings: 4/30 06:25 am
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Source: GlobeNewswire
NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (the “Company” or “Amalgamated”) (Nasdaq: AMAL), the holding company for Amalgamated Bank (the “Bank”), today announced financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights (on a linked quarter basis) Net income of $27.2 million, or $0.89 per diluted share, compared to $22.7 million, or $0.74 per diluted share.Core net income1 of $25.6 million, or $0.83 per diluted share, compared to $22.1 million, or $0.72 per diluted share. Deposits and Liquidity Total deposits increased $293.8 million, or 4.2%, to $7.3 billion including an $80.0 million decline in Brokered CDs.Excluding Brokered CDs, on-balance sheet deposits increased $373.8 million, or 5.5%, to $7.1 billion.Political deposits increased $250.4 million, or 21%, to $1.4 billion.Off-balance sheet deposits totaled $456.8 million, comprised primarily of transactional political deposits and transitional deposits schedule
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AMAL
Earnings
- 4/25/24 - Beat
AMAL
Analyst Actions
- 4/4/24 - JP Morgan
AMAL
Sec Filings
- 4/30/24 - Form 4
- 4/25/24 - Form 8-K
- 4/24/24 - Form 8-K/A
- AMAL's page on the SEC website