Amalgamated Financial reports Q4 core EPS 90c vs. 91c last year

Q4 net interest margin expanded 8 basis points to 3.59%. Tier 1 leverage ratio grew by 43 basis points to 9.06% and the Common Equity Tier 1 ratio was 13.90%. Tangible book value per share increased 31c, or 1.4%, to $22.60. CEO Priscilla Sims Brown commented, “Our Q4 was outstanding, particularly when considering it was an Election Cycle Conclusion quarter. Historically, an Election Cycle Conclusion quarter is one where we see the most pressure on our business due to political deposit outflows and yet in this cycle we performed substantially better across all our key metrics. We enter the new year in an envious position and ready to take advantage of the many opportunities we see to drive value for all our stakeholders.”