secwatch.observer — SEC 8-K summary
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Issuer:     Amalgamated Financial Corp. (AMAL)
CIK:        0001823608
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001823608-24-000158
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Amalgamated Financial Q2 net income $26.8M, deposits up 2% to $7.4B
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823608/000182360824000158/0001823608-24-000158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823608/000182360824000158/amal-20240725.htm
  HTML page:      https://secwatch.observer/filing/0001823608-24-000158

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