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 declared a regular dividend of $0.08 per share for common stockholders. This dividend will be payable on December 1, 2021, to stockholders of record on November 19, 2021. The future dividend payments will depend on the discretion of the Board of Directors. As of September 30, 2021, the company reported total assets of $6.9 billion, total net loans of $3.1 billion, and total deposits of $6.2 billion.
Amalgamated Financial Corp. (Nasdaq: AMAL) reported a net income of $14.4 million or $0.46 per diluted share for Q3 2021, up from $10.4 million or $0.33 in Q2 2021. Deposits increased by $314.5 million to $6.2 billion, with political deposits at $1.0 billion. The bank's net interest margin decreased to 2.70%. Nonperforming assets improved to 0.99% of total assets. The company announced plans to acquire Amalgamated Bank of Chicago, expanding its assets to over $7.6 billion. Management expressed optimism regarding future growth and operational initiatives.
Amalgamated Bank announced a commitment to achieve 49% reductions in greenhouse gas emissions by 2030 and net zero emissions by 2045, five years ahead of the global deadline. As the first U.S. bank to set targets in line with the UN Net Zero Banking Alliance, the bank's detailed report outlines strategies for client engagement and new financing streams. The targets are pending validation by the Science Based Targets initiative (SBTi). A virtual panel discussion on these goals will take place on November 1, 2021.
Amalgamated Financial Corp. (Nasdaq: AMAL) will release its third quarter 2021 financial results before the market opens on October 28, 2021. A conference call will take place at 11:00 a.m. ET that day for discussion of the results. Interested participants can join by calling 1-877-407-9716. A replay will be accessible within two hours of the call's conclusion until November 4, 2021. As of June 30, 2021, Amalgamated Bank's total assets were $6.6 billion, with net loans of $3.1 billion and deposits of $5.9 billion.
Amalgamated Financial Corp. (Nasdaq: AMAL) announced the acquisition of Amalgamated Investments Company for approximately $98.1 million in an all-cash transaction. This strategic move will strengthen AMAL's position as America's largest ESG-focused bank, combining their resources to better serve socially responsible clients across the Midwest. The merger, expected to be completed by year-end 2021, will create a bank with $7.6 billion in assets and enhance operational efficiencies, risk diversification, and customer offerings.
Amalgamated Bank (Nasdaq: AMAL) has partnered with the Women’s National Basketball Players Association (WNBPA) to launch the WNBPA Social Impact Fund, aimed at promoting social justice reform in areas such as racial and gender equity, and voting rights. This unique collaboration includes player-driven content featuring WNBA stars Sue Bird, Natasha Cloud, and Elizabeth Williams discussing personal connections to social justice issues. The Fund will support organizations focused on equity and inclusion. This partnership highlights Amalgamated Bank as a socially responsible institution committed to advancing justice and equality.
On August 5, 2021, Amalgamated Financial Corp. (Nasdaq: AMAL) announced the election of Darrell Jackson to its Board of Directors. With over 30 years of experience in the financial sector, Jackson previously held leadership roles, including President and CEO. Board Chair Lynne Fox expressed confidence in Jackson's ability to bring growth strategies and innovative solutions to Amalgamated. Jackson aims to leverage his expertise to enhance business opportunities and strengthen the bank's assets. As of June 30, 2021, Amalgamated reported total assets of $6.6 billion.
Amalgamated Financial Corp. (AMAL) announced a regular dividend of $0.08 per share for common stockholders, payable on September 1, 2021 to those on record by August 18, 2021. The Board of Directors retains discretion over future dividend payments. As of June 30, 2021, the company's total assets were $6.6 billion, with $3.1 billion in net loans and $5.9 billion in total deposits. Additionally, the trust business managed $16.6 billion in assets. Amalgamated also prides itself on being a certified B Corporation.
Amalgamated Financial Corp. (AMAL) reported net income of $10.4 million, or $0.33 per diluted share, for Q2 2021, a decrease from $12.2 million in Q1 2021. Total deposits grew by $189.9 million to $5.9 billion, with political deposits at $791.3 million. However, loans decreased by $85.4 million to $3.1 billion, while the net interest margin fell to 2.75%. Nonperforming assets improved to $71.0 million, or 1.08% of total assets. The company emphasizes strong deposit growth and is optimistic about future loan demand despite current challenges.
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