Amalgamated Financial reports Q3 core EPS 91c vs. 85c last year

Net interest margin increased 5 basis points to 3.51%. Tier 1 leverage ratio of 8.63%, increased by 21 basis points, and Common Equity Tier 1 ratio of 13.82%. Tangible book value per share increased $1.69, or 8.2%, to $22.29, and has increased $4.87, or 27.9% since September 2023. CEO Priscilla Sims Brown commented, “Our Q3 financial results continue to demonstrate that Amalgamated remains positioned to achieve sustainable earnings and profitability. During the quarter, we delivered outstanding deposit and loan growth, strong profitability and returns, and a growing capital base that positions us to invest in our strategic initiatives which will sustain our growth into the future.”