secwatch.observer — SEC 8-K summary
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Issuer:     Amalgamated Financial Corp. (AMAL)
CIK:        0001823608
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0001823608-25-000044
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amalgamated Financial Q1 net income $25.0M, EPS $0.81; total deposits grow 6.2% to $7.6B
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- Net income $25.0M ($0.81 diluted EPS) vs $24.5M ($0.79) prior quarter; core net income $27.1M ($0.88).
- Total deposits (on+off balance sheet) increased $445.9M (6.2%) to $7.6B; political deposits up 11% to $1.1B.
- Net interest margin 3.55%, down 4 bps; net interest income $70.6M, down $2.5M (3.4%).
- Tangible book value per share $23.51, up $0.91 (4.0%); Common Equity Tier 1 ratio 14.27%.
- Core return on average tangible common equity 15.54%; core return on average assets 1.33%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823608/000182360825000044/0001823608-25-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823608/000182360825000044/amal-20250424.htm
  HTML page:      https://secwatch.observer/filing/0001823608-25-000044

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