Amalgamated Financial Corp. reports news as a Delaware public benefit corporation and bank holding company for Amalgamated Bank, a New York-based full-service commercial bank and chartered trust company. Company updates focus on commercial and retail banking, trust and custody services, investment management, deposit gathering, loan growth, net interest margin, capital ratios, and liquidity.
Recurring announcements include quarterly financial results, earnings conference calls, common-stock dividends, and balance-sheet trends across commercial and industrial, commercial real estate, multifamily, retail banking, and political deposits. News also covers mission-aligned banking activity, including community development lending through Amalgamated Bank, and references the bank's national trust services, branch network in New York City, Washington, D.C., and San Francisco, and commercial office in Boston.
Amalgamated Financial Corp. (Nasdaq: AMAL) has announced its Board of Directors has declared a regular quarterly dividend of $0.14 per share. The dividend will be paid on August 21, 2025, to stockholders of record as of August 5, 2025. The company notes that future dividend payments will be determined at the Board's discretion regarding both amount and timing.
Amalgamated Financial Corp. (Nasdaq: AMAL) has scheduled its second quarter 2025 financial results announcement and conference call. The company will release its Q2 2025 results before market open on Thursday, July 24, 2025, followed by a conference call at 11:00 a.m. Eastern Time.
Participants can join the call by dialing 1-877-407-9716 (US) or 1-201-493-6779 (international). A live webcast will be available on the company's investor relations website. A replay will be accessible until July 31, 2025, via phone and online.
Amalgamated Financial Corp. (Nasdaq: AMAL) has announced the appointment of two new members to its Board of Directors: Steven SaLoutos and Tony Wells. Both individuals will also serve on the Board of Directors of Amalgamated Bank.
Mr. SaLoutos joins with significant banking industry experience, currently serving as CFO of ProSight Financial Association after a 38-year career at U.S. Bank. He brings expertise in consumer and business banking, along with experience in supporting community development through his work with Wisconsin Women Business Initiative Corporation.
Mr. Wells brings nearly four decades of executive leadership experience across regulated industries. He currently serves as a Venture Partner at AZ-VC and holds board positions at Nexstar Media Group (NASDAQ: NXST) and Yelp (NYSE: YELP). His previous roles include Chief Media Officer at Verizon and Chief Brand Officer at USAA.
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.