secwatch.observer — SEC 8-K summary
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Issuer:     Amalgamated Financial Corp. (AMAL)
CIK:        0001823608
Form:       8-K
Filed at:   2023-07-17T23:59:59+00:00
Accession:  0001823608-23-000105
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823608/000182360823000105/0001823608-23-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823608/000182360823000105/amal-20230717.htm
  HTML page:      https://secwatch.observer/filing/0001823608-23-000105

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