secwatch.observer — SEC 8-K summary
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Issuer:     Amalgamated Financial Corp. (AMAL)
CIK:        0001823608
Form:       8-K
Filed at:   2026-04-23T23:59:59+00:00
Accession:  0001823608-26-000109
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amalgamated Q1 net income $25.2M ($0.84/shr); reserve build $9.2M on single multifamily loan, NIM 3.75%
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- GAAP net income $25.2M (diluted EPS $0.84); core net income $24.1M (core diluted EPS $0.80).
- Net revenue $93.4M; net interest margin 3.75% (+9 bps); net interest income $80.2M.
- Deposits +$228.9M to $8.2B; net loans +$65.5M to $5.0B.
- Provision $13.5M, incl. $9.2M incremental reserve build on single multifamily borrower moved to nonaccrual; management sees isolated event.
- Tangible book value $26.59 (+$0.41); repurchased ~80k shares; $8.4M buyback remaining; $0.17 dividend paid.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823608/000182360826000109/0001823608-26-000109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823608/000182360826000109/amal-20260423.htm
  HTML page:      https://secwatch.observer/filing/0001823608-26-000109

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