secwatch.observer — SEC 8-K summary
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Issuer:     Amalgamated Financial Corp. (AMAL)
CIK:        0001823608
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001823608-24-000176
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823608/000182360824000176/0001823608-24-000176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823608/000182360824000176/amal-20241024.htm
  HTML page:      https://secwatch.observer/filing/0001823608-24-000176

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