---
schema_version: "secwatch.filing_event.v1"
accession: "0001823608-24-000115"
form_type: "8-K"
ticker: "AMAL"
cik: "0001823608"
company_name: "Amalgamated Financial Corp."
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:12:14.048773+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001823608-24-000115
- form_type: 8-K
- ticker: AMAL
- cik: 0001823608
- company_name: Amalgamated Financial Corp.
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823608/000182360824000115/0001823608-24-000115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823608/000182360824000115/amal-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001823608-24-000115
- JSON: https://secwatch.observer/filing/0001823608-24-000115.json
- Plain text: https://secwatch.observer/filing/0001823608-24-000115.txt

## Key facts
- Earnings Releases
  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
  source text: On April 25, 2024, Amalgamated Financial Corp. (the "Company") issued a press release announcing financial results for the first quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823608/000182360824000115/0001823608-24-000115-index.htm

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