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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%.
Amalgamated Financial
Amalgamated Financial
Amalgamated Financial Revenue by Segment
Revenue by Segment
Trust Department fees Revenue
CapyFin.comService charges on deposit accounts Revenue
CapyFin.comBank-owned life insurance income Revenue
CapyFin.comEquity method investments income (loss) Revenue
CapyFin.comOther income Revenue
CapyFin.comLosses on sale of securities Revenue
CapyFin.comGain (loss) on sale of loans and changes in fair value on loans held-for-sale, net Revenue
CapyFin.com 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.
- Unfavorable conditions in capital markets affecting stock price and investment value.
- Fluctuations or unanticipated changes in the interest rate environment impacting net interest margin.