Welcome to our dedicated page for Amalgamated Bank. news (Ticker: AMAL), a resource for investors and traders seeking the latest updates and insights on Amalgamated Bank. stock.
Amalgamated Bank (AMAL) maintains this comprehensive news hub for stakeholders tracking its financial developments and social impact initiatives. As a certified B Corporation and public benefit financial institution, the bank combines traditional banking updates with progress reports on its environmental and community programs.
Investors and analysts will find timely updates including quarterly earnings disclosures, leadership announcements, and strategic partnership developments. Media professionals can monitor AMAL's unique position at the intersection of commercial banking and socially responsible finance through press releases about new trust service offerings and sustainability milestones.
This resource consolidates verified information on three key areas: financial performance metrics, trust and custody service expansions, and community reinvestment initiatives. All content undergoes strict verification to ensure alignment with regulatory standards and the bank's fiduciary responsibilities.
Bookmark this page for direct access to primary source materials about AMAL's operations, including acquisition announcements and updates to its investment management strategies. Regular visitors gain advantage in tracking how the bank's progressive values translate into measurable business outcomes within the commercial banking sector.
Amalgamated Financial Corp. (AMAL) reported strong Q1 2025 financial results with net income of $25.0 million, or $0.81 per diluted share. Core net income reached $27.1 million ($0.88 per diluted share).
Key highlights include:
- Total deposits grew by $445.9 million (6.2%) to $7.6 billion
- Net interest margin at 3.55%, down 4 basis points
- Political deposits increased $102.7 million (11%) to $1.1 billion
- Net loans receivable increased slightly by $7.0 million to $4.6 billion
- Common Equity Tier 1 Capital ratio strong at 14.27%
- Tangible book value per share increased 4.0% to $23.51
The company maintained robust liquidity with $3.6 billion available within two days, covering 94% of uninsured deposits. Under its share repurchase program, AMAL bought back approximately 105,000 shares worth $3.5 million through March 31, 2025, with a new $40 million program approved in March.
Amalgamated Financial Corp. (Nasdaq: AMAL) has announced its Board of Directors' declaration of a regular quarterly dividend of $0.14 per share. The dividend will be paid on May 22, 2025, to stockholders of record as of May 6, 2025. The company noted that future dividend payments' amount and timing will remain subject to the Board of Directors' discretion.
Amalgamated Financial Corp. (Nasdaq: AMAL) has scheduled its first quarter 2025 financial results announcement for Thursday, April 24, 2025, before market open. The company will host a conference call at 11:00 a.m. Eastern Time on the same day to discuss the results.
Investors and analysts can participate by dialing 1-877-407-9716 (international: 1-201-493-6779) approximately 10 minutes before the call. A live audio webcast will be available on the company's investor relations website. A replay will be accessible until May 1, 2025, via phone (1-844-512-2921; international: 1-412-317-6671) using pin 13752421 or through the company website.
Amalgamated Bank (Nasdaq: AMAL) has successfully closed the first adjustable-rate financing under the Oklahoma County C-PACE Program for the Alley North Office development, utilizing Allectrify's FASTPACE Platform. The project will create Oklahoma's first multi-story mass timber office building, serving as headquarters for C.H. Guernsey & Company.
The C-PACE financing will specifically fund a high-efficiency glazing system to enhance the building's energy efficiency by maximizing natural light while reducing heating and cooling demands. The development, located in Oklahoma City's historic 'Automobile Alley,' is positioned along a planned regional transit line.
This groundbreaking transaction marks the first adjustable-rate C-PACE deal in Oklahoma County, featuring an interest rate that resets at predetermined intervals. The partnership between Amalgamated Bank and Allectrify's FASTPACE platform aims to facilitate more C-PACE deals, supporting commercial property owners in implementing energy performance, resiliency, and water conservation improvements.
GS Power Partners (GSPP) has secured a $22 million term financing commitment from Amalgamated Bank (AMAL) for five community solar projects in New York, totaling 25.5 megawatts (MWdc).
The projects include:
- East Road North and East Road South in Lowville, expected to start operations next month
- Little Bow North and Little Bow South in Gouverneur, completed in December 2023
- Fox Road project in Marcy, completed in May 2023
The partnership aims to provide clean energy access to hundreds of New Yorkers through these community solar installations, demonstrating successful public-private collaboration in expanding renewable energy infrastructure.
Amalgamated Financial Corp. (Nasdaq: AMAL) has announced a new $40 million share repurchase program for its Class A common stock, replacing the previous authorization which had $18.7 million remaining as of December 31, 2024.
According to President and CEO Priscilla Sims Brown, the company is experiencing momentum with rebuilding political deposit balances post-election cycle and growing business production pipeline. The company believes its current share price doesn't reflect this momentum or future growth opportunities.
The new repurchase program has no expiration date and can be modified or suspended at the company's discretion. The timing, quantity, and value of share purchases will be determined by management based on factors including stock price performance, capital planning, market conditions, and legal requirements.
Amalgamated Financial Corp. (AMAL) reported strong Q4 2024 results with net income of $24.5 million ($0.79 per diluted share) and core net income of $28.0 million ($0.90 per diluted share). The company showed solid performance with net interest margin expanding to 3.59% and net interest income growing to $73.1 million.
Key highlights include: net loans receivable increase of $126.4 million (2.8%) to $4.6 billion; total deposits decrease of $414.0 million to $7.2 billion following election cycle conclusion; and strong capital position with Common Equity Tier 1 ratio at 13.90%. The company maintained robust liquidity with $3.2 billion available within two days, covering 86% of uninsured deposits.
Full-year 2024 performance showed a 20.9% increase in net income to $106.4 million compared to 2023, with tangible book value per share rising 20.6% to $22.60.
Amalgamated Financial Corp. (Nasdaq: AMAL) has announced a significant increase in its quarterly dividend. The Board of Directors approved a $0.02 increase, raising the dividend by 17% to $0.14 per common share. The dividend will be paid on February 27, 2025, to stockholders of record as of February 11, 2025. Future dividend payments will remain subject to the Board's discretion regarding amount and timing.
Amalgamated Financial Corp. (Nasdaq: AMAL) has scheduled the release of its fourth quarter and full year 2024 financial results for Thursday, January 23, 2025, before market open. The company will host a conference call at 11:00 a.m. Eastern Time on the same day to discuss the results.
Investors and analysts can participate by dialing 1-877-407-9716 (international: 1-201-493-6779) approximately 10 minutes before the call. A live audio webcast will be available on the company's investor relations website. A replay will be accessible until January 30, 2025, both online and via phone (1-844-512-2921; international: 1-412-317-6671) using pin 13750453.
Amalgamated Financial Corp. (AMAL) reported strong Q3 2024 results with net income of $27.9 million, or $0.90 per diluted share. Key highlights include a net interest margin expansion to 3.51% and total deposits increase of $145.6 million to $7.6 billion. The company demonstrated solid growth with tangible book value per share increasing 27.9% YoY to $22.29. Net loans receivable grew by $78.0 million to $4.5 billion, while political deposits increased by $231.9 million to $2.0 billion. The bank maintained strong capital ratios with a Tier 1 leverage ratio of 8.63% and Common Equity Tier 1 ratio of 13.82%.
