earnings
confidence high
sentiment positive
materiality 0.75
Amalgamated Financial Q3 net income $27.9M ($0.90 EPS); deposits up 2% to $7.6B
Amalgamated Financial Corp.
2024-Q3 EPS reported
$2.65
- Net income of $27.9M, or $0.90 diluted EPS; core net income of $28.0M, or $0.91 core EPS.
- Total deposits increased $145.6M (2.0%) to $7.6B; political deposits up $231.9M to $2.0B.
- Net interest margin expanded 5 bps to 3.51%; net interest income grew $2.9M to $72.1M.
- Tangible book value per share rose 27.9% YoY to $22.29; Tier 1 leverage ratio 8.63%.
- Return on average assets 1.32%; core return on average tangible common equity 17.04%.