Amalgamated Bank Reports Fourth Quarter and Full Year 2019 Financial Results
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Amalgamated Bank (AMAL) Tops Q4 EPS by 1c
January 31, 2020 6:31 AM ESTAmalgamated Bank (NASDAQ: AMAL) reported Q4 EPS of $0.39, $0.01 better than the analyst estimate of $0.38.
Fourth Quarter 2019 Highlights
Net income of $12.0 million, or $0.37 per diluted share, as compared to $16.0 million, or $0.49 per diluted share, for the fourth quarter of 2018Core net income (non-GAAP) of $12.6 million, or $0.39 per diluted share, as compared to $9.7 million, or $0.30 per diluted share, for the fourth quarter of 2018Deposit growth of $318.6 million, or 29.5% annualized, compared to a balance of $4.3 billion on September 30, 2019Growth in Property Assessed Clean Energy (PACE) assessments (in held-to-maturity securities) of $177.5 million,... More