8-K
filed January 26, 2023, 6:59 PM ET
ticker AMAL
CIK 0001823608
earnings
confidence high
sentiment positive
materiality 0.75
Amalgamated Financial reports record Q4 2022 net income of $24.8M; diluted EPS $0.80
Amalgamated Financial Corp.
2022-FY EPS reported
$2.61
- Full-year 2022 net income $81.5M ($2.61/diluted share) up 54% from $52.9M ($1.68) in 2021.
- Core net income (non-GAAP) Q4 $27.2M ($0.87/diluted) vs $24.8M ($0.80) linked quarter.
- Net loans grew $231.8M (6.1%) to $4.1B; net interest margin expanded 6bps to 3.56%.
- Credit quality improved: classified/criticized assets down 54.3% to $105.6M; nonaccrual loans fell to 0.5%.
- Average deposit cost 34bps; non-interest-bearing deposits 51% of total deposits.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Amalgamated Financial Corp. reported the year ended December 31, 2022 results: net income $81.5 million, EPS $2.61 per diluted share.
- Period
- the year ended December 31, 2022
- Net income
- $81.5 million
- EPS
- $2.61 per diluted share
- Result
- reported results
Exact text from the filing
Net income of $81.5 million, or $2.61 per diluted share
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Amalgamated Financial Corp. reported the fourth quarter ended December 31, 2022 results: net income $24.8 million, EPS $0.80 per diluted share.
- Period
- the fourth quarter ended December 31, 2022
- Net income
- $24.8 million
- EPS
- $0.80 per diluted share
- Result
- reported results
Exact text from the filing
Net income of $24.8 million, or $0.80 per diluted share
View on SEC.gov
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