Amalgamated Financial Q2 prelim net income $21.6M ($0.70); deposits stable; CET1 12.49%

Amalgamated Financial Corp.

2023-Q2 EPS reported $1.39

Net income $21.6M ($0.70 diluted) vs $21.3M prior quarter; core net income $22.0M ($0.72).
Total deposits down 2.1% to $6.9B; ex-brokered CDs deposits flat at $6.4B; super-core deposits $3.6B (55% of total ex-brokered).
Uninsured deposits $3.9B; remaining uninsured have immediate liquidity coverage of 183%.
Liquidity within two days $3.3B (85% of uninsured deposits); CET1 ratio 12.49% above well-capitalized.
Repurchased ~139K shares for $2.2M; $23.5M remaining under $40M buyback program.

item 2.02 item 7.01 item 9.01

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 second quarter of 2023 results: net income $21.6 million, EPS $0.70 per diluted share.

Period: the second quarter of 2023
Net income: $21.6 million
EPS: $0.70 per diluted share
Result: preliminary results

Exact text from the filing

Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced preliminary results for the second quarter of 2023. Second Quarter 2023 Highlights (on a linked quarter basis) • Net income of $21.6 million, or $0.70 per diluted share, compared to $21.3 million, or $0.69 per diluted share.

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Amalgamated Financial Corp. filing history →

Source: SEC EDGAR

accession 0001823608-23-000105

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