Amalgamated Bank (AMAL) Tops Q2 EPS by 12c

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Go back to Amalgamated Bank (AMAL) Tops Q2 EPS by 12c

Amalgamated Financial Corp. Reports Record Second Quarter 2022 Financial Results

July 28, 2022 6:25 AM EDT

NEW YORK, July 28, 2022 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (the Company or Amalgamated) (Nasdaq: AMAL), the holding company for Amalgamated Bank (the Bank), today announced record financial results for the second quarter ended June 30, 2022.

Second Quarter 2022 Highlights

Record earnings of $19.6 million, or $0.63 per diluted share, compared to $14.2 million, or $0.45 per diluted share, on a linked quarter basis.Excluding the tax credit or accelerated depreciation impact of our solar tax equity investments, core net income was $20.9 million, or $0.67 per diluted... More