secwatch.observer — SEC 8-K summary
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Issuer:     Amalgamated Financial Corp. (AMAL)
CIK:        0001823608
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001823608-23-000110
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823608/000182360823000110/0001823608-23-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823608/000182360823000110/amal-20230727.htm
  HTML page:      https://secwatch.observer/filing/0001823608-23-000110

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