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Amalgamated Financial Corp. - $AMAL STOCK NEWS

Welcome to our dedicated page for Amalgamated Financial news (Ticker: $AMAL), a resource for investors and traders seeking the latest updates and insights on Amalgamated Financial stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Amalgamated Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Amalgamated Financial's position in the market.

Rhea-AI Summary

Amalgamated Financial Corp. announced the completion of three community solar projects in Oregon, with three more expected by Q3 2024. The company financed the developments with a $25 million construction term facility to SolRiver Capital. The projects will be sold to a tax equity partnership, supporting the Oregon Community Solar Program.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.9%
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none
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Rhea-AI Summary
Amalgamated Financial Corp. reported strong financial results for the first quarter of 2024, with net income of $27.2 million and core net income of $25.6 million. Total deposits increased by $293.8 million, with political deposits rising by 21% to $1.4 billion. Net interest margin expanded to 3.49%, and the company repurchased $0.2 million of common stock. The Common Equity Tier 1 Capital Ratio stood at 13.68%, showcasing the company's financial strength.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.38%
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Rhea-AI Summary
Amalgamated Financial Corp. has announced a 20% increase in its quarterly dividend to $0.12 per common share, with payable and record dates set for May 22, 2024, and May 8, 2024, respectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.03%
Tags
dividends
Rhea-AI Summary
Amalgamated Financial Corp. announced a 50% increase in its quarterly dividend to $0.15 per common share, payable on May 8, 2024. The Board of Directors authorized this increase, reflecting a positive financial outlook for the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.03%
Tags
dividends
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Rhea-AI Summary
Amalgamated Financial Corp. (AMAL) will release its first quarter 2024 financial results on April 25, 2024, followed by a conference call to discuss the results. Investors can join the call or access the webcast for insights.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.09%
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Rhea-AI Summary
Amalgamated Financial Corp. released their financial results for Q4 2023, reporting net income of $22.7 million, a 0.4% increase from the previous quarter. Total deposits increased by 0.3% to $7.0 billion, with a $21.1 million increase in on-balance sheet deposits. Net loans receivable increased by 1.1% to $4.3 billion. The company also announced a 12.98% Common Equity Tier 1 Capital Ratio and a 1.13% Return on Average Assets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.02%
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Rhea-AI Summary
Amalgamated Financial Corp. (AMAL) has declared a regular dividend of $0.10 per share to common stockholders, payable on February 23, 2024. The future dividend payments will be at the discretion of the Board of Directors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.11%
Tags
dividends
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Rhea-AI Summary
Amalgamated Financial Corp. (AMAL) will release its fourth quarter and full year 2023 financial results on January 25, 2024, followed by a conference call at 11:00 a.m. Eastern Time. Investors and analysts can participate in the call and access a live audio webcast on the company's website. A replay of the conference call will also be available.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.86%
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Rhea-AI Summary
Amalgamated Financial Corp. (AMAL) has appointed Julieta Ross and Scott Stoll to its Board of Directors. Dr. Ross brings 20 years of global banking technology leadership, while Mr. Stoll has over 40 years of experience in banking, insurance, and asset management. The company aims to leverage their expertise to advance its value creation initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.15%
Tags
management
Rhea-AI Summary
Amalgamated Financial Corp. announces Q3 2023 financial results with net income of $22.3 million and total deposits increasing by $96.2 million. Tangible common equity ratio improves to 6.72%. Share repurchase program of $40 million with $20.9 million remaining capacity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.79%
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Amalgamated Financial Corp.

Nasdaq:AMAL

AMAL Rankings

AMAL Stock Data

766.42M
18.79M
41.81%
52.36%
2.89%
Commercial Banking
Finance and Insurance
Link
United States of America
NEW YORK

About AMAL

for nearly a century, amalgamated bank has been the most trusted financial institution for progressive people and organizations. by helping those who do good do better, we work to help make the world more just, compassionate and sustainable. our extensive experience, financial resources and community of like-minded customers offers labor unions, philanthropies, political campaigns, socially and environmentally responsible corporations, as well as individuals, a unique set of financial services enabling them to lead the charge to improve our communities and our country.