---
schema_version: "secwatch.filing_event.v1"
accession: "0001823608-25-000009"
form_type: "8-K"
ticker: "AMAL"
cik: "0001823608"
company_name: "Amalgamated Financial Corp."
filed_at: "2025-01-23T23:59:59+00:00"
generated_at: "2026-05-27T15:26:16.782244+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Amalgamated Financial Q4 2024: Net income $24.5M; NIM expands to 3.59%; political deposits fall $992M

## Summary
- Net income $24.5M ($0.79 EPS); core net income $28.0M ($0.90 EPS).
- Net interest margin up 8 bps to 3.59%; net interest income $73.1M (+1.4% QoQ).
- Total deposits down $414M to $7.2B; political deposits fell $992.3M to $969.6M post-election.
- Net loans increased $126.4M to $4.6B (2.8% growth); PACE assessments up $17.9M to $1.2B.
- CET1 ratio 13.90%; tangible book value $22.60 (+$0.31); $18.7M left in buyback program.

## SEC filing metadata
- accession: 0001823608-25-000009
- form_type: 8-K
- ticker: AMAL
- cik: 0001823608
- company_name: Amalgamated Financial Corp.
- filed_at: 2025-01-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823608/000182360825000009/0001823608-25-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823608/000182360825000009/amal-20250123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001823608-25-000009
- JSON: https://secwatch.observer/filing/0001823608-25-000009.json
- Plain text: https://secwatch.observer/filing/0001823608-25-000009.txt

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