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Amalgamated Financial Q1 2025 Earnings Report
Amalgamated Financial Corp. reported a net income of $25.0 million and diluted EPS of $0.81 for the first quarter of 2025, driven by deposit growth and strong capital ratios.
Key Takeaways
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%.
Net income increased to $25.0 million, or $0.81 per diluted share, compared to $24.5 million, or $0.79 per diluted share in the prior quarter.
Total deposits, including off-balance sheet, increased by $445.9 million, or 6.2%, to $7.6 billion.
Net interest margin decreased by 4 basis points to 3.55%, as expected.
Common Equity Tier 1 Capital Ratio improved to 14.27%, and Tangible Common Equity Ratio increased to 8.73%.
Revenue by Segment
Forward Guidance
The company's forward-looking statements indicate potential challenges and opportunities related to economic conditions, regulatory changes, and market dynamics, which could impact future financial performance.
Positive Outlook
- Ability to maintain sufficient liquidity to meet deposit and debt obligations.
- Potential for growth in loan and deposit portfolios.
- Effective management of credit losses and provisions.
- Strategic initiatives for digital transformation and partnership costs to evaluate growth requirements.
- Continued improvement in tangible common equity ratio.
Challenges Ahead
- Uncertain conditions in the banking industry and local economies.
- Deterioration in the financial condition of borrowers leading to increased credit losses.
- Deposit outflows and declines in liquidity due to lack of confidence in the banking system.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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