Amalgamated Financial Q2 net income $21.6M ($0.70 EPS); core EPS $0.72; deposits stable ex-brokered CDs

Amalgamated Financial Corp.

2023-Q2 EPS reported $1.39

Net income $21.6M ($0.70 diluted EPS); core net income $22.0M ($0.72 diluted EPS).
Total deposits down $146.7M to $6.9B; political deposits up 23.3% to $835.8M.
CET1 ratio 12.51%; leverage ratio 7.78%; tangible common equity ratio 6.59%.
Immediate liquidity coverage 183% of uninsured non super-core deposits; total liquidity $3.3B (85% of uninsured deposits).
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 second quarter ended June 30, 2023 results: net income $21.6 million, EPS $0.70 per diluted share.

Period: second quarter ended June 30, 2023
Net income: $21.6 million
EPS: $0.70 per diluted share
Result: reported results

Exact text from the filing

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 0001823608-23-000110

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