---
schema_version: "secwatch.filing_event.v1"
accession: "0001823608-23-000004"
form_type: "8-K"
ticker: "AMAL"
cik: "0001823608"
company_name: "Amalgamated Financial Corp."
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T08:26:17.017627+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Amalgamated Financial reports record Q4 2022 net income of $24.8M; diluted EPS $0.80

## Summary
- 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.

## SEC filing metadata
- accession: 0001823608-23-000004
- form_type: 8-K
- ticker: AMAL
- cik: 0001823608
- company_name: Amalgamated Financial Corp.
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823608/000182360823000004/0001823608-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823608/000182360823000004/amal-20230126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001823608-23-000004
- JSON: https://secwatch.observer/filing/0001823608-23-000004.json
- Plain text: https://secwatch.observer/filing/0001823608-23-000004.txt

## Key facts
- Earnings Releases
  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
  source text: Net income of $81.5 million, or $2.61 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823608/000182360823000004/0001823608-23-000004-index.htm
- Earnings Releases
  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
  source text: Net income of $24.8 million, or $0.80 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823608/000182360823000004/0001823608-23-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.