Amalgamated Bank (AMAL) Announces Preliminary Q3 Financial Results
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Amalgamated Bank Announces Preliminary Third Quarter 2020 Financial Results
October 14, 2020 7:30 AM EDT~ Amalgamated Bank Announces Third Quarter 2020 Earnings Conference Call Timing ~
NEW YORK, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Amalgamated Bank (Nasdaq: AMAL) (Amalgamated) today announced certain preliminary unaudited financial information for the quarter ended September 30, 2020.
For the third quarter of 2020, Amalgamated expects to report:
Net income in the range of $12 to $13 million, or $0.39 to $0.42 per diluted share Expense of $6.4 million related to branch closuresNon-interest income of $4.3 million related to equity method investments in... More