secwatch.observer — SEC 8-K summary
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Issuer:     Amalgamated Financial Corp. (AMAL)
CIK:        0001823608
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001823608-24-000115
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823608/000182360824000115/0001823608-24-000115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823608/000182360824000115/amal-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001823608-24-000115

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