Amalgamated Bank (AMAL) Tops Q3 EPS by 4c

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Amalgamated Bank Reports Third Quarter 2019 Financial Results

October 28, 2019 6:26 AM EDT

NEW YORK, Oct. 28, 2019 (GLOBE NEWSWIRE) -- Amalgamated Bank (Nasdaq: AMAL) (Amalgamated) today announced financial results for the period ended September 30, 2019. 

Third Quarter 2019 Highlights

Net income for the quarter of $13.2 million, or $0.41 per diluted share, compared to $9.4 million, or $0.29 per diluted share, for the third quarter of 2018Core net income (non-GAAP) for the quarter of $13.3 million, or $0.41 per diluted share, compared to $12.1 million, or $0.38 per diluted share, for the third quarter of 2018Deposit growth of $185.9 million, or 17.8% annualized, from $4.1 billion at June 30, 2019Average deposit... More