Welcome to our dedicated page for Amalgamated Bank. news (Ticker: AMAL), a resource for investors and traders seeking the latest updates and insights on Amalgamated Bank. stock.
Amalgamated Bank (AMAL) maintains this comprehensive news hub for stakeholders tracking its financial developments and social impact initiatives. As a certified B Corporation and public benefit financial institution, the bank combines traditional banking updates with progress reports on its environmental and community programs.
Investors and analysts will find timely updates including quarterly earnings disclosures, leadership announcements, and strategic partnership developments. Media professionals can monitor AMAL's unique position at the intersection of commercial banking and socially responsible finance through press releases about new trust service offerings and sustainability milestones.
This resource consolidates verified information on three key areas: financial performance metrics, trust and custody service expansions, and community reinvestment initiatives. All content undergoes strict verification to ensure alignment with regulatory standards and the bank's fiduciary responsibilities.
Bookmark this page for direct access to primary source materials about AMAL's operations, including acquisition announcements and updates to its investment management strategies. Regular visitors gain advantage in tracking how the bank's progressive values translate into measurable business outcomes within the commercial banking sector.
Amalgamated Financial Corp. (Nasdaq: AMAL) has announced a significant increase in its quarterly dividend. The Board of Directors approved a $0.02 increase, raising the dividend by 17% to $0.14 per common share. The dividend will be paid on February 27, 2025, to stockholders of record as of February 11, 2025. Future dividend payments will remain subject to the Board's discretion regarding amount and timing.
Amalgamated Financial Corp. (Nasdaq: AMAL) has scheduled the release of its fourth quarter and full year 2024 financial results for Thursday, January 23, 2025, before market open. The company will host a conference call at 11:00 a.m. Eastern Time on the same day to discuss the results.
Investors and analysts can participate by dialing 1-877-407-9716 (international: 1-201-493-6779) approximately 10 minutes before the call. A live audio webcast will be available on the company's investor relations website. A replay will be accessible until January 30, 2025, both online and via phone (1-844-512-2921; international: 1-412-317-6671) using pin 13750453.
Amalgamated Financial Corp. (AMAL) reported strong Q3 2024 results with net income of $27.9 million, or $0.90 per diluted share. Key highlights include a net interest margin expansion to 3.51% and total deposits increase of $145.6 million to $7.6 billion. The company demonstrated solid growth with tangible book value per share increasing 27.9% YoY to $22.29. Net loans receivable grew by $78.0 million to $4.5 billion, while political deposits increased by $231.9 million to $2.0 billion. The bank maintained strong capital ratios with a Tier 1 leverage ratio of 8.63% and Common Equity Tier 1 ratio of 13.82%.
Amalgamated Financial Corp. (Nasdaq: AMAL) has announced a regular quarterly dividend of $0.12 per share for its common stockholders. The dividend will be payable on November 21, 2024, to stockholders of record as of November 5, 2024. This decision was made by the company's Board of Directors.
It's important to note that the amount and timing of future dividend payments will be subject to the discretion of the Board of Directors. This announcement demonstrates Amalgamated's commitment to providing returns to its shareholders while maintaining flexibility in its financial strategy.
Amalgamated Financial Corp. (Nasdaq: AMAL) has announced the release date for its third quarter 2024 financial results. The results will be made public before market open on Thursday, October 24, 2024. Following the release, the company will host a conference call at 11:00 a.m. Eastern Time to discuss the financial outcomes.
Investors and analysts can participate in the call by dialing 1-877-407-9716 (or 1-201-493-6779 for international callers) about 10 minutes before the call starts. A live audio webcast will also be available on the company's investor relations website. For those unable to attend, a replay of the call will be accessible until October 31, 2024, both online and via phone using the pin 13748697.
Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (Nasdaq: AMAL), has released its 2023 Environmental, Social and Governance (ESG) Report. The report highlights the bank's commitment to ESG principles and its impact on clients and investors. Key achievements include:
- B-Corp recertification with a score of 155.3
- Over $2 billion in funding for climate solutions (39% of lending portfolio)
- 70% of lending portfolios are high-impact and 100% mission-aligned
- Industry-leading emissions intensity of 14.7 tons CO2e per million dollars invested
- Supported clean energy projects resulting in 243,010 tons of avoided emissions
- Achieved substantial pay parity for women and minorities
- Received a perfect score on the Human Rights Campaign Foundation's Corporate Index
The bank remains committed to aligning its business practices with the Paris Climate Agreement goals and continues to develop financial products prioritizing environmental and social benefits alongside financial returns.
Amalgamated Financial Corp. (Nasdaq: AMAL) has announced the appointment of Nicole Steele as Director of Climate Partnership Banking and Emily Robichaux as Director of Climate Partnership Lending. These experts will lead the bank's efforts to execute on the $27B Greenhouse Gas Reduction Fund (GGRF). Steele, with over 20 years of experience in clean energy, was instrumental in developing GGRF programs at the EPA. Robichaux, rejoining Amalgamated from Opportunity Finance Network, secured over $2bn for community clean energy projects.
As a founder of the UN Net Zero Banking Alliance and the first US bank to set net zero targets validated by SBTi, Amalgamated is strengthening its position in sustainability finance. The bank is certified as Fossil Fuel free, with 64% of its lending meeting 'High Impact' criteria and 100% mission-aligned, including $547 million in Climate Protection loans and $1.2 billion in Property Assessed Clean Energy assets.
Amalgamated Financial Corp. (AMAL) reported strong Q2 2024 results with continued deposit growth and solid financial performance. Key highlights include:
- Net income of $26.8 million, or $0.87 per diluted share
- Total deposits increased by $143.2 million to $7.4 billion
- Political deposits grew by $292.3 million to $1.7 billion
- Net interest margin of 3.46%
- Tangible book value per share increased by 22.8% year-over-year to $20.61
- Strong core return on average tangible common equity of 17.34%
The company demonstrated resilience with continued deposit growth, improved capital ratios, and strong returns despite challenging market conditions.
Amalgamated Financial Corp. (Nasdaq: AMAL) has announced a regular quarterly dividend of $0.12 per share. The dividend will be payable on August 22, 2024, to stockholders of record as of August 6, 2024. This decision was made by the company's Board of Directors, demonstrating their commitment to returning value to shareholders. However, it's important to note that future dividend payments will be subject to the Board's discretion, considering factors such as the company's financial performance and market conditions.
Amalgamated Financial Corp. (Nasdaq: AMAL) announced that it will release its second quarter 2024 financial results on July 25, 2024, before market open. The company will also host a conference call at 11:00 a.m. Eastern Time the same day to discuss these results. Interested investors and analysts can join the call by dialing specific numbers provided or by accessing a live audio webcast available on Amalgamated's investor relations website. A replay of the conference call will be accessible online and via telephone until August 1, 2024.
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