Amalgamated Bank ( (AMAL) ) has released its Q1 earnings. Here is a breakdown of the information Amalgamated Bank presented to its investors.
Amalgamated Financial Corp., a New York-based full-service commercial bank and a chartered trust company, operates through its subsidiary Amalgamated Bank, providing commercial banking and trust services with a focus on values-based banking as a certified B Corporation®. The bank has a network of branches across major U.S. cities and offers a range of financial products to both commercial and retail customers.
In its first quarter of 2025, Amalgamated Financial Corp. reported a net income of $25 million, or $0.81 per diluted share, reflecting a slight increase from the previous quarter. The company also saw a significant growth in deposits, with total deposits increasing by $446 million to $7.6 billion, and maintained a strong net interest margin of 3.55%.
Key financial metrics for the quarter included a common equity tier 1 capital ratio of 14.27% and a tangible common equity ratio of 8.73%. The bank’s net interest income decreased slightly to $70.6 million, primarily due to expected shifts in deposit balances and interest rates. Despite this, the bank’s liquidity position remained robust, with total liquidity of $3.6 billion available within two days.
Amalgamated Bank’s strategic focus on low-risk assets and high liquidity levels continues to support its financial stability. The bank’s political deposits saw a notable increase, reflecting its strong relationships with advocacy-based organizations and political entities.
Looking ahead, Amalgamated Financial Corp. remains committed to its values-driven approach and aims to sustain its financial performance through strategic growth and maintaining a strong balance sheet. The bank’s management expresses confidence in its ability to navigate the current economic landscape while continuing to serve its diverse customer base effectively.