Amalgamated Bank. (AMAL) Stock News

Amalgamated Bank (Nasdaq: AMAL) announced a $25 million corporate financing commitment to Redball EnergyCo, LLC as part of a $50 million aggregate financing.

The funding will support deployment of >30 MW of rooftop solar across D.C., Maryland, and Connecticut, delivering clean electricity to more than 4,400 households annually at no cost to homeowners. The bank framed the investment as mission-aligned, targeting underserved communities and aiming to lower energy costs while generating market returns. The announcement notes Amalgamated's prior participation in a $1 billion financing for a 674 MW project in New York.

Amalgamated Financial Corp (Nasdaq: AMAL) will release its third quarter 2025 financial results before market open on Thursday, October 23, 2025. The company will host a conference call at 11:00 a.m. ET the same day to discuss results, with dial-in numbers and an international line provided. A live audio webcast will be available on the company investor relations site at https://ir.amalgamatedbank.com/. A telephone and online replay will be available within two hours after the call; the telephone replay PIN is 13755783 and the replay remains available through October 30, 2025.

Amalgamated Bank (Nasdaq: AMAL) has successfully closed a $1.7 million retroactive Commercial Property Assessed Clean Energy (C-PACE) financing deal in Nashville, Tennessee. The financing, executed through Allectrify's FASTPACE Platform under the Davidson County C-PACER Program, supports the renovation of an 80-year-old retail structure.

The project, owned by A. Ray Hospitality, includes various energy-efficient improvements such as LED lighting, high-efficiency HVAC, improved insulation, energy-efficient windows, and storm resiliency measures. The renovated space houses several small businesses, including a new M.L. Rose Craft Beer & Burger location.

As America's largest B Corp bank, this deal reflects Amalgamated Bank's commitment to climate lending and providing accessible capital for sustainable building improvements.

Amalgamated Financial Corp. (NASDAQ: AMAL) reported strong Q2 2025 financial results with net income of $26.0 million, or $0.84 per diluted share. The bank demonstrated solid performance with net interest margin steady at 3.55% and deposits growing by $321.2 million to $7.7 billion.

Key highlights include core net income of $27.0 million ($0.88 per diluted share), net loans increasing by $35.5 million to $4.7 billion, and political deposits rising by $136.5 million to $1.2 billion. The bank maintained strong capital ratios with a Common Equity Tier 1 ratio of 14.13% and continued its share repurchase program, buying back approximately 327,000 shares worth $9.7 million during the quarter.

Amalgamated Financial Corp. (Nasdaq: AMAL) has announced its Board of Directors has declared a regular quarterly dividend of $0.14 per share. The dividend will be paid on August 21, 2025, to stockholders of record as of August 5, 2025. The company notes that future dividend payments will be determined at the Board's discretion regarding both amount and timing.

Amalgamated Financial Corp. (Nasdaq: AMAL) has scheduled its second quarter 2025 financial results announcement and conference call. The company will release its Q2 2025 results before market open on Thursday, July 24, 2025, followed by a conference call at 11:00 a.m. Eastern Time.

Participants can join the call by dialing 1-877-407-9716 (US) or 1-201-493-6779 (international). A live webcast will be available on the company's investor relations website. A replay will be accessible until July 31, 2025, via phone and online.

Amalgamated Financial Corp. (Nasdaq: AMAL) has announced the appointment of two new members to its Board of Directors: Steven SaLoutos and Tony Wells. Both individuals will also serve on the Board of Directors of Amalgamated Bank.

Mr. SaLoutos joins with significant banking industry experience, currently serving as CFO of ProSight Financial Association after a 38-year career at U.S. Bank. He brings expertise in consumer and business banking, along with experience in supporting community development through his work with Wisconsin Women Business Initiative Corporation.

Mr. Wells brings nearly four decades of executive leadership experience across regulated industries. He currently serves as a Venture Partner at AZ-VC and holds board positions at Nexstar Media Group (NASDAQ: NXST) and Yelp (NYSE: YELP). His previous roles include Chief Media Officer at Verizon and Chief Brand Officer at USAA.

Amalgamated Bank (Nasdaq: AMAL) has closed a Commercial Property Assessed Clean Energy (C-PACE) financing deal to fund a 205kW DC solar PV installation and roofing upgrades at Marder Seafood's industrial building in New Bedford. The $1.3 million financing, executed through Allectrify's FASTPACE Platform under the PACE Massachusetts Program, is expected to generate $1.9 million in lifetime energy cost savings. The project marks the fourth financing under Massachusetts C-PACE Program since 2020. Amalgamated Bank, which invests nearly 40% of its lending portfolio in climate protection solutions, holds over $1.2 billion in PACE assets. The partnership with Allectrify aims to facilitate efficient C-PACE deal closings for sustainable building improvements.

Amalgamated Bank (AMAL) has committed $15 million as part of a nearly $1 billion financing package for Greenbacker's Cider solar farm project in Genesee County, New York. The 674 MWdc utility-scale solar facility, which broke ground in late 2024, represents New York's largest solar project to date. Construction began in spring 2025 and is expected to create hundreds of clean energy jobs. Upon completion in 2026, the project will span approximately 2,500 acres and generate enough clean electricity to power over 120,000 New York homes annually. Greenbacker's portfolio has demonstrated significant environmental impact, producing over 12 million megawatt-hours of clean energy and reducing carbon emissions by more than 8 million metric tons since 2016.