Amalgamated Financial Earnings Reports

Amalgamated Financial Corp. reported a net income of $25.0 million for the first quarter of 2025, with diluted earnings per share of $0.81. The company experienced significant deposit growth, with total deposits increasing by $445.9 million to $7.6 billion, including off-balance sheet deposits. The net interest margin was 3.55%, and the Common Equity Tier 1 Capital Ratio improved to 14.27%.

Amalgamated Financial Corp. reported a decrease in net income to $24.5 million, or $0.79 per diluted share, compared to the prior quarter. However, net interest margin expanded and net loans receivable increased. The company also repurchased shares and maintained strong capital ratios.

Amalgamated Financial Corp. announced record third quarter financial results with net income of $27.9 million, or $0.90 per diluted share. The company saw growth in deposits and loans, and an increase in net interest margin to 3.51%.

Amalgamated Financial Corp. reported a net income of $26.8 million, or $0.87 per diluted share, for the second quarter ended June 30, 2024. Total deposits increased to $7.4 billion, and net interest income grew to $69.2 million.

Amalgamated Financial Corp. reported a net income of $27.2 million, or $0.89 per diluted share, for the first quarter of 2024. Total deposits increased by $293.8 million, and the net interest margin rose to 3.49%. The company's Common Equity Tier 1 Capital Ratio stood at 13.68%, and the Return on Average Assets was 1.36%.

Amalgamated Financial Corp. reported a net income of $22.7 million, or $0.74 per diluted share, for Q4 2023, compared to $22.3 million, or $0.73 per diluted share, for the previous quarter. The increase was driven by net interest income and non-interest income growth, offset by increased provision for credit losses and income tax expense. Excluding Brokered CDs, on-balance sheet deposits increased $170.8 million or 2.6% to $6.8 billion.

Amalgamated Financial Corp. reported net income of $22.3 million, or $0.73 per diluted share, for the third quarter of 2023. Total deposits increased, excluding Brokered CDs. Net interest margin was stable at 3.29%.

Amalgamated Financial Corp. reported a net income of $21.6 million, or $0.70 per diluted share, for the second quarter of 2023, compared to $21.3 million, or $0.69 per diluted share, for the first quarter of 2023. Total deposits decreased to $6.9 billion, while loans receivable increased to $4.3 billion.

Amalgamated Financial Corp. reported a net income of $21.3 million, or $0.69 per diluted share, and deposits increased by $446.4 million to $7.0 billion.

Amalgamated Financial Corp. reported a record fourth quarter with net income of $24.8 million, or $0.80 per diluted share. Core net income, excluding solar tax equity investments, was $27.2 million, or $0.87 per diluted share. The company saw loan growth, an increase in net interest margin, and improved credit quality during the quarter.

Amalgamated Financial Corp. announced record financial results for the third quarter ended September 30, 2022, with net income of $22.9 million, or $0.74 per diluted share. Core net income, excluding the impact of solar tax equity investments, was $24.8 million, or $0.80 per diluted share. Average deposits increased by $191.1 million to $7.3 billion, and loans receivable increased by $220.2 million to $3.8 billion.

Amalgamated Financial Corp. announced record financial results for the second quarter ended June 30, 2022, with net income of $19.6 million, or $0.63 per diluted share. Deposits increased to $7.3 billion, and loans increased to $3.6 billion. Net interest income grew to $56.5 million, and the net interest margin grew to 3.03%.

Amalgamated Financial Corp. reported a net income of $14.2 million, or $0.45 per diluted share. Deposits increased to $7.0 billion, and loans increased to $3.4 billion. The company's credit quality improved, with criticized assets declining.

Amalgamated Financial Corp. reported a net income of $15.9 million, or $0.50 per diluted share for Q4 2021, compared to $13.8 million, or $0.44 per diluted share for Q4 2020. Total assets exceeded $7.0 billion for the first time and deposits increased to $6.4 billion. The company is focused on high single digit loan growth in 2022 and sustained profitability.

Amalgamated Financial Corp. reported a net income of $14.4 million, or $0.46 per diluted share, for the third quarter of 2021. Deposits increased by $314.5 million, and PACE assessments grew by $81.4 million. The company also announced a plan to acquire Amalgamated Bank of Chicago.

Amalgamated Financial Corp. reported a net income of $10.4 million, or $0.33 per diluted share, for the second quarter of 2021. Deposits increased to $5.9 billion, while loans decreased to $3.1 billion. The cost of deposits was 0.10%, and the net interest margin was 2.75%.