Amalgamated Financial Q1 net income $27.2M ($0.89 EPS); deposits up 4.2% to $7.3B

Amalgamated Financial Corp.

2024-Q1 EPS reported $0.89

Net income $27.2M vs $22.7M prior quarter; diluted EPS $0.89 vs $0.74.
Core net income $25.6M ($0.83 diluted EPS); net interest margin expanded 5 bps to 3.49%.
Total deposits rose $293.8M to $7.3B; political deposits up 21% to $1.4B.
Tangible book value per share $19.73, up 5.3%; CET1 ratio 13.68%.
Share repurchase program continues with $19.5M remaining capacity.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Amalgamated Financial Corp. reported financial results for the first quarter ended March 31, 2024.

Period: the first quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On April 25, 2024, Amalgamated Financial Corp. (the "Company") issued a press release announcing financial results for the first quarter ended March 31, 2024.

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Amalgamated Financial Corp. filing history →

Source: SEC EDGAR

accession 0001823608-24-000115

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