---
schema_version: "secwatch.filing_event.v1"
accession: "0001823608-23-000066"
form_type: "8-K"
ticker: "AMAL"
cik: "0001823608"
company_name: "Amalgamated Financial Corp."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T09:20:21.316020+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Amalgamated Financial Q1 net income $21.3M ($0.69 EPS); deposits up 6.8% to $7.0B, stable base

## Summary
- Net income $21.3M ($0.69 diluted EPS), down from $24.8M ($0.80) in Q4 2022; core net income $23.0M ($0.74).
- Total deposits rose $446.4M to $7.0B (6.8% linked quarter), but ex-Brokered CDs declined $74.3M (1.1%) to $6.4B.
- Net interest income flat at $67.3M; net interest margin expanded 5 bps to 3.59%.
- Total available liquidity within two days of $3.4B covers 79% of total uninsured deposits; uninsured deposits were 62% of total.
- Tangible common equity ratio 6.43%; regulatory capital remains above 'well capitalized' standards.

## SEC filing metadata
- accession: 0001823608-23-000066
- form_type: 8-K
- ticker: AMAL
- cik: 0001823608
- company_name: Amalgamated Financial Corp.
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823608/000182360823000066/0001823608-23-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823608/000182360823000066/amal-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001823608-23-000066
- JSON: https://secwatch.observer/filing/0001823608-23-000066.json
- Plain text: https://secwatch.observer/filing/0001823608-23-000066.txt

## Key facts
- Earnings Releases
  Amalgamated Financial Corp. reported the first quarter ended March 31, 2023 results: net income $21.3 million, EPS $0.69 per diluted share.
  - Period: the first quarter ended March 31, 2023
  - Net income: $21.3 million
  - EPS: $0.69 per diluted share
  - Result: reported results
  source text: 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, 2023. First Quarter 2023 Highlights (on a linked quarter basis) • Net income of $21.3 million, or $0.69 per diluted share, compared to $24.8 million, or $0.80 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823608/000182360823000066/0001823608-23-000066-index.htm

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