secwatch.observer — SEC 8-K summary
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Issuer:     Amalgamated Financial Corp. (AMAL)
CIK:        0001823608
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001823608-23-000066
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823608/000182360823000066/0001823608-23-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823608/000182360823000066/amal-20230427.htm
  HTML page:      https://secwatch.observer/filing/0001823608-23-000066

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