secwatch.observer — SEC 8-K summary
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Issuer:     Amalgamated Financial Corp. (AMAL)
CIK:        0001823608
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001823608-23-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823608/000182360823000004/0001823608-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823608/000182360823000004/amal-20230126.htm
  HTML page:      https://secwatch.observer/filing/0001823608-23-000004

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