---
schema_version: "secwatch.filing_event.v1"
accession: "0001823608-23-000105"
form_type: "8-K"
ticker: "AMAL"
cik: "0001823608"
company_name: "Amalgamated Financial Corp."
filed_at: "2023-07-17T23:59:59+00:00"
generated_at: "2026-06-13T07:52:04.454461+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001823608-23-000105
- form_type: 8-K
- ticker: AMAL
- cik: 0001823608
- company_name: Amalgamated Financial Corp.
- filed_at: 2023-07-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823608/000182360823000105/0001823608-23-000105-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823608/000182360823000105/amal-20230717.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001823608-23-000105
- JSON: https://secwatch.observer/filing/0001823608-23-000105.json
- Plain text: https://secwatch.observer/filing/0001823608-23-000105.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823608/000182360823000105/0001823608-23-000105-index.htm

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