Amalgamated Bank Stock News

OKLAHOMA CITY, April 02, 2025 (GLOBE NEWSWIRE) -- Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (Nasdaq: AMAL), today announced the successful closing on the first adjustable-rate financing under the Oklahoma County C-PACE Program for the Alley North Office development, using Allectrify's FASTPACE Platform for C-PACE financing.

While Amalgamated Financial's commercial loan segments will suffer because of an uncertain business environment, solar loans will likely continue to surge. The management is planning to fund loan growth by liquidating securities. This will shift the asset mix towards higher-yielding assets, thereby lifting the net interest margin. Due to the withdrawal of political deposits, the funding mix has...

STAMFORD, Conn. & NEW YORK--(BUSINESS WIRE)--GS Power Partners (GSPP), a leading Independent Power Producer in the distributed generation (DG) solar sector, today announced it has secured a $22 million term financing commitment from Amalgamated Bank (Nasdaq: AMAL). The financing package encompasses five GSPP community solar projects in New York, totaling 25.5 megawatts (MWdc). “We are pleased t...

NEW YORK, March 10, 2025 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated”, the “Company”, or the “Bank”) (Nasdaq: AMAL) today announced that its Board of Directors has approved a new authorization for the repurchase of up to $40 million of the Company's Class A common stock. The new authorization replaces the previous share repurchase authorization, which had approximately $18.7 m...

Bank shares rose Thursday after the Federal Reserve released parameters for its annual industry stress test showing smaller hypothetical shocks to the U.S. economy than in previous years. While still challenging, with U.S. joblessness jumping to 10% and a 33% drop in home prices, the 2025 exam has smaller spikes in unemployment and smaller declines in stock and real estate values than previous ...

Amalgamated Financial Corp. (NASDAQ:AMAL ) Q4 2024 Earnings Conference Call January 23, 2025 11:00 AM ET Company Participants Jason Darby - Chief Financial Officer Priscilla Sims Brown - President & Chief Executive Officer Sam Brown - Chief Banking Officer Conference Call Participants Mark Fitzgibbon - Piper Sandler Chris O'Connell - KBW Operator Good morning, ladies and gentlemen, and welcome ...

Common Equity Tier 1 Capital Ratio of 13.90% | Tangible Common Equity Ratio of 8.41% Common Equity Tier 1 Capital Ratio of 13.90% | Tangible Common Equity Ratio of 8.41%

NEW YORK, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its Board of Directors has authorized a $0.02 increase, or 17%, in the Company's quarterly dividend to $0.14 per common share, payable by the Company on February 27, 2025, to stockholders of record on February 11, 2025. The amount and timing of any future ...