---
schema_version: "secwatch.filing_event.v1"
accession: "0001823608-23-000110"
form_type: "8-K"
ticker: "AMAL"
cik: "0001823608"
company_name: "Amalgamated Financial Corp."
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T00:51:25.422505+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001823608-23-000110
- form_type: 8-K
- ticker: AMAL
- cik: 0001823608
- company_name: Amalgamated Financial Corp.
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823608/000182360823000110/0001823608-23-000110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823608/000182360823000110/amal-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001823608-23-000110
- JSON: https://secwatch.observer/filing/0001823608-23-000110.json
- Plain text: https://secwatch.observer/filing/0001823608-23-000110.txt

## Key facts
- Earnings Releases
  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
  source text: 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/1823608/000182360823000110/0001823608-23-000110-index.htm

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