secwatch.observer — SEC 8-K summary
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Issuer:     Amalgamated Financial Corp. (AMAL)
CIK:        0001823608
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001823608-24-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amalgamated Q4 net income $22.7M ($0.74 EPS); deposits ex-brokered CDs up $170.8M
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- Net income $22.7M, $0.74 diluted EPS; core net income $22.1M ($0.72).
- Total deposits $7.0B, up $21.1M; excluding brokered CDs, deposits grew $170.8M (2.6%).
- Political deposits surged $236.1M (24.8%) to $1.2B.
- Net interest margin expanded 15 bps to 3.44%; net interest income up 5.63% to $67.3M.
- CET1 ratio 12.98%; tangible common equity ratio 7.16%, fifth consecutive quarterly improvement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823608/000182360824000005/0001823608-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823608/000182360824000005/amal-20240125.htm
  HTML page:      https://secwatch.observer/filing/0001823608-24-000005

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