Amalgamated Financial Reports Fourth-Quarter Earnings of $24.5 Million
New York, NY - Amalgamated Financial Corp. (AMAL) announced fourth-quarter earnings of $24.5 million, or 79 cents per share. Adjusted earnings were 90 cents per share.
Revenue for the quarter totaled $107.4 million, with adjusted revenue at $77.9 million. For the full year, the company reported net income of $106.4 million, or $3.44 per share, on revenue of $315.6 million.
Amalgamated Financial's stock has shown a positive trend in recent months, rising over 9% since the start of the year and 39% over the past year.