Amalgamated Bank (AMAL) Tops Q3 EPS by 9c
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Amalgamated Financial Corp. Reports Record Third Quarter 2022 Financial Results
October 27, 2022 6:25 AM EDTNEW YORK, Oct. 27, 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 third quarter ended September 30, 2022.
Third Quarter 2022 Highlights
Record earnings of $22.9 million, or $0.74 per diluted share, compared to $19.6 million, or $0.63 per diluted share, on a linked quarter basis.Excluding the impact of solar tax equity investments, core net income was $24.8 million, or $0.80 per diluted share, as compared to $20.9 million, or $0.67 per... More