secwatch.observer — SEC 8-K summary
======================================

Issuer:     Amalgamated Financial Corp. (AMAL)
CIK:        0001823608
Form:       8-K
Filed at:   2025-01-23T23:59:59+00:00
Accession:  0001823608-25-000009
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823608/000182360825000009/0001823608-25-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823608/000182360825000009/amal-20250123.htm
  HTML page:      https://secwatch.observer/filing/0001823608-25-000009

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