Amalgamated Bank Reports Third Quarter 2019 Financial Results

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Go back to Amalgamated Bank Reports Third Quarter 2019 Financial Results

Amalgamated Bank (AMAL) Tops Q3 EPS by 4c

October 28, 2019 6:28 AM EDT

Amalgamated Bank (NASDAQ: AMAL) reported Q3 EPS of $0.41, $0.04 better than the analyst estimate of $0.37.

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 growth of $117.4 million, or 11.3% annualized, as compared to... More