earnings
confidence high
sentiment positive
materiality 0.70
Amalgamated Financial Q2 net income $26.8M, deposits up 2% to $7.4B
Amalgamated Financial Corp.
2024-Q2 EPS reported
$1.75
- Diluted EPS $0.87 (core $0.85); net interest income $69.2M, NIM 3.46%.
- Total deposits grew $143.2M (2%) to $7.4B; political deposits up 20% to $1.7B.
- Tangible book value per share $20.61, up 22.8% YoY; core ROATCE 17.34%.
- Loans increased 1.1% to $4.4B; PACE assessments $1.2B.
- Tier 1 leverage ratio 8.42%, CET1 13.48%, tangible common equity ratio 7.66%.