---
schema_version: "secwatch.filing_event.v1"
accession: "0001823608-24-000176"
form_type: "8-K"
ticker: "AMAL"
cik: "0001823608"
company_name: "Amalgamated Financial Corp."
filed_at: "2024-10-24T23:59:59+00:00"
generated_at: "2026-05-30T10:36:49.849362+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Amalgamated Financial Q3 net income $27.9M ($0.90 EPS); deposits up 2% to $7.6B

## Summary
- 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%.

## SEC filing metadata
- accession: 0001823608-24-000176
- form_type: 8-K
- ticker: AMAL
- cik: 0001823608
- company_name: Amalgamated Financial Corp.
- filed_at: 2024-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823608/000182360824000176/0001823608-24-000176-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823608/000182360824000176/amal-20241024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001823608-24-000176
- JSON: https://secwatch.observer/filing/0001823608-24-000176.json
- Plain text: https://secwatch.observer/filing/0001823608-24-000176.txt

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