Amalgamated Financial Corp. Reports Fourth Quarter 2024 Financial Results: Solid Loan Growth; Net Interest Margin Rises to 3.59%
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Amalgamated Financial Corp. reported its Q4 2024 financial results, highlighting solid loan growth and an increase in net interest margin to 3.59%. The company also reported a Common Equity Tier 1 Capital Ratio of 13.90% and a Tangible Common Equity Ratio of 8.41%.
January 23, 2025 | 11:45 am
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Amalgamated Financial Corp. reported strong Q4 2024 results with solid loan growth and an increase in net interest margin to 3.59%. Capital ratios are robust, indicating financial stability.
The increase in net interest margin and solid loan growth are positive indicators for Amalgamated Financial Corp.'s profitability. The strong capital ratios suggest financial stability, which is likely to positively impact investor sentiment and the stock price in the short term.
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