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Dec 31, 2024
Amalgamated Financial Q4 2024 Earnings Report
Amalgamated Financial Corp. reported solid loan growth and a rise in net interest margin to 3.59% in Q4 2024. The Common Equity Tier 1 Capital Ratio was 13.90%, and the Tangible Common Equity Ratio was 8.41%.
Key Takeaways
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.
Net income was $24.5 million, or $0.79 per diluted share.
Net interest margin expanded to 3.59%.
Net loans receivable increased to $4.6 billion.
Common Equity Tier 1 Capital ratio was 13.90%.
Revenue by Segment
Forward Guidance
The company did not provide forward guidance in this report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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