AMAL

Amalgamated Financial Corp. Commits Additional $85 Million to Finance R-PACE Assessments

Retrieved on: 
Mercredi, mai 15, 2024
Partnership, AMAL, Tax, Commercial, Renewable energy, PACE, HRF

NEW YORK, May 15, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) announced that the Company has extended its commitment to invest in Residential Property Assessed Clean Energy (“R-PACE”) assessments through its ongoing partnership with Home Run Finance (“HRF”).

Key Points: 
  • NEW YORK, May 15, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) announced that the Company has extended its commitment to invest in Residential Property Assessed Clean Energy (“R-PACE”) assessments through its ongoing partnership with Home Run Finance (“HRF”).
  • Amalgamated’s commitment provides an additional $85 million of capital to fund R-PACE assessments originated by HRF.
  • Priscilla Sims Brown, President and Chief Executive Officer, commented, “We are pleased to extend our commitment to invest in R-PACE financial solutions.
  • To date, Amalgamated has funded over 21,000 assessments originated by HRF, all of which are senior to the residential mortgages attached to the homes.

Amalgamated Financial Corp. Reports First Quarter 2024 Financial Results; Stellar Deposit Growth; Net Interest Margin Rises to 3.49%

Retrieved on: 
Jeudi, avril 25, 2024
Common equity, Sale, Total, Investment, Capital, ICS, AMAL, One-Way (novel), Earnings call, Tax, PACE, CECL, Optimism, Eastern Time Zone, Share repurchase, Amalgamated Bank, PACS, GAAP, Bank

Net interest income was $68.0 million for the first quarter of 2024, compared to $67.3 million for the fourth quarter of 2023.

Key Points: 
  • Net interest income was $68.0 million for the first quarter of 2024, compared to $67.3 million for the fourth quarter of 2023.
  • Net interest margin was 3.49% for the first quarter of 2024, an increase of 5 basis points from 3.44% in the fourth quarter of 2023.
  • Prepayment penalties had no impact on our net interest margin in the first quarter of 2024, which is the same as in the prior quarter.
  • As previously announced, Amalgamated Financial Corp. will host a conference call to discuss its first quarter 2024 results today, April 25, 2024 at 11:00am (Eastern Time).

Amalgamated Financial Corp. Announces a 50% Quarterly Dividend Increase

Retrieved on: 
Mardi, avril 23, 2024
AMAL

NEW YORK, April 23, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its Board of Directors has authorized a 50% increase in the Company’s quarterly dividend to $0.15 per common share, payable by the Company on May 8, 2024, to stockholders of record on May 22, 2024.

Key Points: 
  • NEW YORK, April 23, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its Board of Directors has authorized a 50% increase in the Company’s quarterly dividend to $0.15 per common share, payable by the Company on May 8, 2024, to stockholders of record on May 22, 2024.
  • The amount and timing of any future dividend payments to stockholders will be subject to the discretion of the Board of Directors.

Amalgamated Financial Corp. Announces First Quarter 2024 Earnings Conference Call

Retrieved on: 
Jeudi, avril 11, 2024
AMAL

NEW YORK, April 11, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its first quarter 2024 financial results will be released before market open on Thursday, April 25, 2024.

Key Points: 
  • NEW YORK, April 11, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its first quarter 2024 financial results will be released before market open on Thursday, April 25, 2024.
  • The Company will host a conference call at 11:00 a.m. Eastern Time on the same day to discuss the financial results.
  • A live audio webcast of the conference call will be available on the website at https://ir.amalgamatedbank.com/ .
  • The replay will be available until May 2, 2024.

Amalgamated Financial Corp. Reports Fourth Quarter 2023 Financial Results: $170.8 Million Deposit Growth Excluding Brokered CDs; Net Interest Margin Rises to 3.44%

Retrieved on: 
Jeudi, janvier 25, 2024
Income tax, Amalgamation, AMAL, PACE, CECL, Total, Amalgamated Bank, Share repurchase, Earnings call, Sale, GAAP, Common equity, PACS, Capital, Eastern Time Zone, Bank

Net interest income was $67.3 million for the fourth quarter of 2023, compared to $63.7 million for the third quarter of 2023.

Key Points: 
  • Net interest income was $67.3 million for the fourth quarter of 2023, compared to $63.7 million for the third quarter of 2023.
  • Net interest margin was 3.44% for the fourth quarter of 2023, an increase of 15 basis points from 3.29% in the third quarter of 2023.
  • Core non-interest income1 was $8.5 million for the fourth quarter of 2023, compared to $7.8 million in the third quarter of 2023.
  • Core non-interest expense1 for the fourth quarter of 2023 was $37.7 million, an increase of $0.7 million from the third quarter of 2023.

Amalgamated Financial Corp. Declares Regular Quarterly Dividend

Retrieved on: 
Mardi, janvier 23, 2024
AMAL

NEW YORK, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its Board of Directors has declared a regular dividend to common stockholders of $0.10 per share, payable by the Company on February 23, 2024, to stockholders of record on February 6, 2024.

Key Points: 
  • NEW YORK, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its Board of Directors has declared a regular dividend to common stockholders of $0.10 per share, payable by the Company on February 23, 2024, to stockholders of record on February 6, 2024.
  • The amount and timing of any future dividend payments to stockholders will be subject to the discretion of the Board of Directors.

Amalgamated Financial Corp. Announces Fourth Quarter and Full Year 2023 Earnings Conference Call

Retrieved on: 
Jeudi, janvier 11, 2024
AMAL

NEW YORK, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its fourth quarter and full year 2023 financial results will be released before market open on Thursday, January 25, 2024.

Key Points: 
  • NEW YORK, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its fourth quarter and full year 2023 financial results will be released before market open on Thursday, January 25, 2024.
  • The Company will host a conference call at 11:00 a.m. Eastern Time on the same day to discuss the financial results.
  • Investors and analysts interested in participating in the call are invited to dial 1-877-407-9716 (international callers please dial 1-201-493-6779) approximately 10 minutes prior to the start of the call.
  • A live audio webcast of the conference call will be available on the website at https://ir.amalgamatedbank.com/ .

Medical Technology Innovator Thornhill Medical’s MOVES® SLC™ is acquired for United States Marine Corp En Route Care Modernization and added to Authorized Medical Allowance List (AMAL) 647

Retrieved on: 
Mercredi, décembre 6, 2023
Trauma, Suction, Marine Corps Expeditionary Medal, Medicine, Acquisition, United States Navy, Role, Oxygen, AMAL, Transport, Patient, USMC, Nursing care plan, Vital signs, VADM, Military medicine, Hospital

TORONTO, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Medical technology innovator Thornhill Medical is pleased to announce that the United States Marine Corps (USMC) has acquired its integrated life support technology, MOVES® SLC™.

Key Points: 
  • TORONTO, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Medical technology innovator Thornhill Medical is pleased to announce that the United States Marine Corps (USMC) has acquired its integrated life support technology, MOVES® SLC™.
  • The acquisition supports USMC En Route Care modernization goals using state-of-the-art, lightweight, critical care equipment to successfully transport patients from Role 2 to Role 3 care.
  • MOVES® SLC™ has also been formally added to the U.S. Marine Corps’ Authorized Medical Allowance List (AMAL) 647 for En Route Care.
  • The game-changing MOVES® SLC™ system addresses the need for medical technology that is smaller, lighter, more durable, flexible and easy to maintain, and less reliant on supply chain.

Amalgamated Financial Corp. Appoints Julieta Ross and Scott Stoll to its Board of Directors

Retrieved on: 
Jeudi, novembre 16, 2023
First Franklin Financial Corp., M&T Bank, Acquisition, Research, Ernst & Young, Audit committee, Citigroup, Risk management, Business, Executive Committee, Farmer, Chairperson, Insurance, Faculty, Strategic planning, Leadership Council, EY, The Co Founder, AMAL, Banco Santander, AAA Western Valley District, Farmers Insurance Group, Bowling Green State University, Banco, Management, Amalgamation, Central New York

NEW YORK, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced it has appointed Julieta Ross and Scott Stoll as its newest members to the Company’s Board of Directors, effective immediately.

Key Points: 
  • NEW YORK, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced it has appointed Julieta Ross and Scott Stoll as its newest members to the Company’s Board of Directors, effective immediately.
  • Dr. Ross has an extensive background in the broader financial services risk management landscape, with over 20 years of global banking technology leadership and experience.
  • Lynne Fox, Board Chair, commented, “Julieta and Scott bring impressive track records in the broader financial services and banking sectors to Amalgamated’s board of directors, making them the ideal candidates for this role.
  • Prior to this, Mr. Stoll’s role focused on commercial banking risk management and asset liability management from 1994 to 2000.

Amalgamated Financial Corp. Reports Third Quarter 2023 Financial Results; Stable Net Interest Margin at 3.29%, Deposit growth excluding Brokered CDs of $172.8 million

Retrieved on: 
Jeudi, octobre 26, 2023
Earnings call, Sale, Eastern Time Zone, Amalgamation, PACE, Share repurchase, GAAP, Trust, First Franklin Financial Corp., Risk-weighted asset, Amalgamated Bank, Common equity, CECL, PACS, Total, AMAL, Security (finance), Uranium mining, Bank, Insurance, Pharmaceutical industry, Real estate, Video game

Net interest income was $63.7 million and net interest margin was 3.29%, with each better than the guidance range provided in the second quarter.

Key Points: 
  • Net interest income was $63.7 million and net interest margin was 3.29%, with each better than the guidance range provided in the second quarter.
  • Net interest income was $63.7 million for the third quarter of 2023, compared to $63.0 million for the second quarter of 2023.
  • Provision for credit losses totaled $2.0 million for the third quarter of 2023 compared to $3.9 million in the second quarter of 2023.
  • Additionally, deposits excluding Brokered CDs increased by $172.8 million, while Brokered CDs decreased $76.6 million.