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