secwatch.observer — SEC 8-K summary
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Issuer:     Amalgamated Financial Corp. (AMAL)
CIK:        0001823608
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001823608-23-000120
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 Q3 net income $22.3M, core EPS $0.76; deposits ex-brokered up $172.8M
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- Net income $22.3M ($0.73 diluted EPS); core net income $23.3M ($0.76 diluted EPS).
- Total deposits increased $96.2M to $7.0B; excluding brokered CDs, deposits up $172.8M to $6.6B.
- Net interest margin stable at 3.29%; loans receivable up $113M to $4.4B.
- Political deposits grew $115.4M (13.8%) to $951.2M.
- Repurchased ~142K shares for $2.6M; $20.9M remaining under $40M buyback program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823608/000182360823000120/0001823608-23-000120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823608/000182360823000120/amal-20231026.htm
  HTML page:      https://secwatch.observer/filing/0001823608-23-000120

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer