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 Financial Corp. (NASDAQ: AMAL) is the bank holding company for Amalgamated Bank, a New York-based full-service commercial bank and chartered trust company. Through its news flow, the company highlights developments in commercial banking, trust and custody services, and mission-driven finance across its national platform.
News about Amalgamated often covers quarterly and annual financial results, including earnings releases, net interest margin trends, loan and deposit growth, and capital ratios. The company regularly announces conference calls and webcasts to discuss these results, and files related Form 8-Ks to furnish earnings press releases and investor presentations.
Another recurring theme in AMAL news is its values-based and sustainable finance activity. Recent announcements describe commitments to Commercial Property Assessed Clean Energy (C-PACE) lending through partnerships such as the FASTPACE platform, as well as financing arrangements that support energy efficiency, renewable energy, and resiliency upgrades for commercial properties. The bank has also publicized financing commitments to clean energy developers and initiatives aimed at expanding access to rooftop solar and other climate-related projects.
Amalgamated’s news stream also includes items on community development and impact-oriented lending, such as loans to community development financial institutions (CDFIs) that expand access to capital in low-income communities. Dividend declarations, board changes, and other corporate governance updates are reported through press releases and accompanying SEC filings.
Investors, analysts, and other readers following AMAL news can use this page to monitor the company’s reported financial performance, its mission-driven lending activities, and its ongoing communications about strategy, capital allocation, and governance. Because Amalgamated Financial Corp. emphasizes both commercial banking performance and public benefit objectives, its news provides insight into how the institution balances financial metrics with stated social and environmental priorities.
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Amalgamated Financial Corp. (AMAL) reported its Q1 2023 financial results, showing a net income of $21.3 million or $0.69 per diluted share, down from $24.8 million and $0.80 per share in Q4 2022. Core net income fell to $23.0 million or $0.74 per diluted share. Total deposits increased by $446.4 million (6.8%) to $7.0 billion, though deposits excluding brokered CDs declined by $74.3 million (1.1%). Loans receivable grew by $92.2 million (2.2%) to $4.2 billion. Net interest income remained steady at $67.3 million, with a net interest margin of 3.59%. The bank's capital ratios remain strong, with a Common Equity Tier 1 ratio of 12.23%. Amalgamated's management highlighted their solid capital and liquidity positions, aligning with their 'Growth for Good' strategy.
Amalgamated Financial Corp. (Nasdaq: AMAL) has declared a regular dividend of $0.10 per share, which will be payable on May 24, 2023, to stockholders of record on May 10, 2023. Future dividend payments will depend on the Board of Directors' discretion. As of December 31, 2022, Amalgamated Financial reported total assets of $7.8 billion, total net loans of $4.1 billion, and total deposits of $6.6 billion. Additionally, the company’s trust business held $38.1 billion in assets under custody and $13.4 billion in assets under management. Amalgamated Bank, the company's wholly-owned subsidiary, offers a range of commercial banking and financial services across five branches in major U.S. cities.
Amalgamated Financial Corp. (Nasdaq: AMAL) will release its first quarter 2023 financial results on April 27, 2023, before market open. Following the release, the Company will conduct a conference call at 11:00 a.m. ET to discuss the results. Investors can participate by dialing 1-877-407-9716 (or 1-201-493-6779 for international callers) about ten minutes prior to the call. A live audio webcast will be accessible at the Company’s website. A replay of the call will be available shortly after its conclusion, accessible via the same link and by phone until May 4, 2023.
Amalgamated is a public benefit corporation providing commercial banking and financial services, with total assets of $7.8 billion, net loans of $4.1 billion, and deposits of $6.6 billion as of December 31, 2022.
Amalgamated Financial Corp. (AMAL) reported strong fourth quarter 2022 results with net income of $24.8 million, or $0.80 per diluted share, versus $22.9 million in Q3 2022. Core net income was $27.2 million, up from $24.8 million. Full-year net income reached $81.5 million, a significant increase from $52.9 million in 2021. Total loans rose by $784.6 million (23.9%) to $4.1 billion. However, total deposits decreased by $565.3 million (7.9%) to $6.6 billion, primarily due to the end of political campaign deposits. The net interest margin improved to 3.56%. The company maintains robust capital ratios above regulatory standards.
Amalgamated Financial Corp. (Nasdaq: AMAL) announced a regular dividend of $0.10 per share for common stockholders. This dividend is payable on February 20, 2023, to stockholders of record by February 6, 2023. Future dividends will be determined at the discretion of the Board of Directors. As of September 30, 2022, Amalgamated Financial reported total assets of $7.9 billion, total net loans of $3.8 billion, and total deposits of $7.2 billion, showcasing solid financial standings in the commercial banking sector.
Amalgamated Financial Corp. (Nasdaq: AMAL) will release its fourth quarter and full year 2022 financial results on January 26, 2023, before market open. A conference call is scheduled for 11:00 a.m. ET the same day, where investors and analysts can participate by dialing 1-877-407-9716 (or 1-201-493-6779 internationally). A live audio webcast will also be available on their website. A replay of the conference call will be accessible within two hours, lasting until February 2, 2023.
Amalgamated Financial Corp. (Nasdaq: AMAL) reported a record earnings of $22.9 million or $0.74 per diluted share for Q3 2022, up from $19.6 million or $0.63 in the previous quarter. Core net income, excluding solar tax impacts, rose to $24.8 million ($0.80 per diluted share). Average deposits increased by $191.1 million (2.7%) to $7.3 billion. Net interest income grew $11.1 million (19.6%) to $67.6 million. Nonperforming assets decreased to 0.69% of total assets. The company's capital ratios remain strong, with a Common Equity Tier 1 Ratio of 11.91%.
Amalgamated Financial Corp. (Nasdaq: AMAL) announced a regular dividend of $0.10 per share for common stockholders, payable on November 28, 2022, to stockholders of record as of November 9, 2022. The timing and amount of future dividends will be at the Board's discretion. As of June 30, 2022, the bank's total assets were $7.9 billion, with total net loans of $3.6 billion and deposits of $7.3 billion.
Amalgamated Financial Corp. (Nasdaq: AMAL) will release its third quarter 2022 financial results before the market opens on October 27, 2022. A conference call to discuss these results is set for 11:00 a.m. ET on the same day. Interested investors can join the call by dialing 1-877-407-9716 or through a live audio webcast available on the company's website. A replay of the conference call will be available shortly after its conclusion and can be accessed until November 3, 2022.
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