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 appointed Meredith Miller as an independent director to its Board of Directors, effective immediately. With over 30 years of experience, Miller is recognized for her leadership in corporate governance and diversity advocacy. Her focus on Environmental, Social, and Governance (ESG) issues aligns with Amalgamated's mission to be America’s most socially responsible bank. President Priscilla Sims Brown expressed optimism about Miller's contributions to enhancing profitability and expanding the brand. As of March 31, 2022, the bank reported total assets of $7.7 billion.
Amalgamated Financial Corp. (Nasdaq: AMAL) will release its second quarter 2022 financial results on July 28, 2022, before market open. A conference call to discuss these results will occur at 11:00 a.m. Eastern Time on the same day. Interested participants can join the call by dialing 1-877-407-9716, with a live audio webcast available on their website. A replay of the call will be accessible within two hours after its conclusion until August 4, 2022.
The bank, founded in 1923, reported total assets of $7.7 billion as of March 31, 2022.
Amalgamated Financial Corp. (Nasdaq: AMAL) reported a net income of $14.2 million ($0.45 per diluted share) for Q1 2022, down from $15.9 million ($0.50 per diluted share) in Q4 2021. Core net income was $14.3 million, reflecting a 4.8% increase in loans to $3.4 billion and deposits rising by $617.2 million to $7.0 billion. Despite a slight decrease in net interest margin to 2.76%, the bank remains well-capitalized with a Common Equity Tier 1 Capital Ratio of 12.36%. The CEO anticipates high-single-digit loan growth for 2022.
Amalgamated Financial Corp. (AMAL) has declared a $0.08 per share dividend for common stockholders, payable on May 25, 2022, to stockholders of record as of May 11, 2022. This decision underscores the company's commitment to return value to its investors. Future dividend payments will depend on the discretion of the Board of Directors. As of December 31, 2021, Amalgamated Financial reported total assets of approximately $7.1 billion, net loans of about $3.3 billion, and total deposits of roughly $6.4 billion.
Amalgamated Financial Corp. (Nasdaq: AMAL) will release its first quarter 2022 financial results on April 28, 2022, before market open. A conference call is scheduled for the same day at 11:00 a.m. ET to discuss the results. Interested participants can join by calling 1-877-407-9716 or via a live audio webcast available on their investor relations website. A replay will be accessible shortly after the call concludes and will remain available until May 5, 2022.
Amalgamated Financial Corp. (Nasdaq: AMAL) has withdrawn its application to acquire Amalgamated Bank of Chicago due to regulatory approval challenges. The company reiterated its 2022 standalone guidance, targeting core pre-tax pre-provision earnings of $75–85 million and net interest income of $184–192 million, with an expected 5% balance sheet growth. Additionally, AMAL's Board approved an increase in its share repurchase program to $40 million, contingent on economic factors and capital position.
Almika Renewable Finance has launched new financial services for the residential solar and energy storage market, supported by Amalgamated Bank (AMAL). This partnership aims to enhance Almika’s platform by integrating utility billing, clean energy financing, and demand response capabilities. The collaboration aligns with Amalgamated Bank's commitment to achieving net-zero targets by 2045. Almika is expanding its network of solar partners across Texas and beyond, aiming for national growth with innovative solutions in the renewable energy sector.
Amalgamated Financial Corp. (AMAL) reported a net income of $15.9 million, or $0.50 per diluted share for Q4 2021, an increase from $14.4 million in Q3 2021.
Total assets surpassed $7 billion, with deposits growing by $131.8 million to $6.4 billion. Net loans increased 6.2% to $3.3 billion. The net interest margin improved to 2.77%. The company aims for high single-digit loan growth in 2022 as it prepares for the acquisition of Amalgamated Bank of Chicago.
Amalgamated Financial Corp. (Nasdaq: AMAL) declared a regular dividend of $0.08 per share, payable on March 1, 2022, to stockholders of record as of February 15, 2022. Future dividends will depend on the Board of Directors' discretion. As of September 30, 2021, Amalgamated reported total assets of $6.9 billion, net loans of $3.1 billion, and deposits of $6.2 billion. The bank, established in 1923, operates five branches across major U.S. cities and offers a comprehensive range of banking services.
Amalgamated Financial Corp. (Nasdaq: AMAL) will release its fourth quarter and full year 2021 financial results before market open on January 27, 2022. A conference call to discuss the results will follow at 11:00 a.m. Eastern Time the same day. Investors can join the call by dialing 1-877-407-9716, with a live audio webcast available on the company's website. A replay of the call will be accessible shortly after its conclusion until February 3, 2022. As of September 30, 2021, Amalgamated held total assets of $6.9 billion and total deposits of $6.2 billion.
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