Amalgamated Financial Corp. Reports Record Third Quarter 2024 Financial Results; Margin Expands to 3.51%; Return on Average Assets of 1.32%
Amalgamated Financial Corp. (AMAL)
Last amalgamated financial corp. earnings: 4/30 06:25 am
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amalgamatedbank.com/contact/investor-relations
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Source: GlobeNewswire
NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (the “Company” or “Amalgamated”) (Nasdaq: AMAL), the holding company for Amalgamated Bank (the “Bank”), today announced financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights (on a linked quarter basis) Net income of $27.9 million, or $0.90 per diluted share, compared to $26.8 million, or $0.87 per diluted share.Core net income1 of $28.0 million, or $0.91 per diluted share, compared to $26.2 million, or $0.85 per diluted share. Deposits and Liquidity Total deposits increased $145.6 million, or 2.0%, to $7.6 billion including a $51.3 million decline in Brokered CDs.Excluding Brokered CDs, on-balance sheet deposits increased $196.9 million, or 2.7%, to $7.5 billion.Political deposits increased $231.9 million, or 13%, to $2.0 billion, which includes both on and off-balance sheet deposits.Off-balance sheet deposits increased $114.1 million, or 11%, to $1.2
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AMAL
Earnings
- 10/24/24 - Beat
AMAL
Sec Filings
- 11/21/24 - Form 4
- 11/21/24 - Form 4
- 11/18/24 - Form 4
- AMAL's page on the SEC website