amalgamatedbank.com<\/a>.<\/p>\nTerminology<\/b><\/p>
\nCertain terms used in this release are defined as follows:<\/p>
\n\u201cCore efficiency ratio\u201d is defined as \u201cCore non-interest expense\u201d divided by \u201cCore operating revenue.\u201d The Company believes the most directly comparable performance ratio derived from GAAP financial measures is an efficiency ratio calculated by dividing total non-interest expense by the sum of net interest income and total non-interest income.<\/p>
\n\u201cCore net income\u201d is defined as net income after tax excluding gains and losses on sales of securities, ICS One-Way Sell fee income, changes in fair value on loans held-for-sale, gains on the sale of owned property, subdebt repurchase gain, costs related to branch closures, restructuring\/severance costs, tax credits and accelerated depreciation on solar equity investments, and taxes on notable pre-tax items. The Company believes the most directly comparable GAAP financial measure is net income.<\/p>
\n\u201cCore non-interest expense\u201d is defined as total non-interest expense excluding costs related to branch closures, and restructuring\/severance. The Company believes the most directly comparable GAAP financial measure is total non-interest expense.<\/p>
\n\u201cCore non-interest income\u201d is defined as total non-interest income excluding gains and losses on sales of securities, ICS One-Way Sell fee income, changes in fair value on loans held-for-sale, gains on the sale of owned property, subdebt repurchase gain, and tax credits and accelerated depreciation on solar equity investments. The Company believes the most directly comparable GAAP financial measure is non-interest income.<\/p>
\n\u201cCore operating revenue\u201d is defined as total net interest income plus \u201ccore non-interest income\u201d. The Company believes the most directly comparable GAAP financial measure is the total of net interest income and non-interest income.<\/p>
\n\u201cCore return on average assets\u201d is defined as \u201cCore net income\u201d divided by average total assets. The Company believes the most directly comparable performance ratio derived from GAAP financial measures is return on average assets calculated by dividing net income by average total assets.<\/p>
\n\u201cCore return on average tangible common equity\u201d is defined as \u201cCore net income\u201d divided by average \u201ctangible common equity.\u201d The Company believes the most directly comparable performance ratio derived from GAAP financial measures is return on average equity calculated by dividing net income by average total stockholders\u2019 equity.<\/p>
\n\u201cSuper-core deposits\u201d are defined as total deposits from commercial and consumer customers, with a relationship length of greater than 5 years. The Company believes the most directly comparable GAAP financial measure is total deposits.<\/p>
\n\u201cTangible assets\u201d are defined as total assets excluding, as applicable, goodwill and core deposit intangibles. The Company believes the most directly comparable GAAP financial measure is total assets.<\/p>
\n\u201cTangible common equity\u201d, and \u201cTangible book value\u201d are defined as stockholders\u2019 equity excluding, as applicable, minority interests, goodwill and core deposit intangibles. The Company believes that the most directly comparable GAAP financial measure is total stockholders\u2019 equity.<\/p>
\n\u201cTangible common equity ratio\u201d is \u201cTangible common equity\u201d divided by \u201cTangible assets.\u201d The Company believes the most directly comparable performance ratio derived from GAAP financial measures is an equity ratio calculated by dividing average equity by average assets.<\/p>
\n\"Traditional securities\" is defined as total investment securities excluding PACE assessments. The Company believes the most directly comparable GAAP financial measure is total investment securities.<\/p>
\nForward-Looking Statements<\/b><\/p>
\nStatements included in this release that are not historical in nature are intended to be, and are hereby identified as, forward-looking statements within the meaning of the Private Securities Litigation Reform Act, Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally can be identified through the use of forward-looking terminology such as \u201cmay,\u201d \u201cwill,\u201d \u201canticipate,\u201d \u201caspire,\u201d \u201cshould,\u201d \u201cwould,\u201d \u201cbelieve,\u201d \u201ccontemplate,\u201d \u201cexpect,\u201d \u201cestimate,\u201d \u201ccontinue,\u201d \u201cin the future,\u201d and \u201cintend,\u201d as well as other similar words and expressions of the future. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors, any or all of which could cause actual results to differ materially from the results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to:<\/p>
\n- \nuncertain conditions in the banking industry and in national, regional and local economies in core markets, which may have an adverse impact on business, operations and financial performance;<\/li>\n
- \ndeterioration in the financial condition of borrowers, as well as deterioration in the reputational profile of borrowers, resulting in significant increases in credit losses and provisions for those losses;<\/li>\n
- \ndeposit outflows and subsequent declines in liquidity caused by factors that could include lack of confidence in the banking system, a deterioration in market conditions or the financial condition of depositors;<\/li>\n
- \nchanges in deposits, including an increase in uninsured deposits;<\/li>\n
- \nability to maintain sufficient liquidity to meet deposit and debt obligations as they come due, which may require that the Company sell investment securities at a loss, negatively impacting net income, earnings and capital;<\/li>\n
- \nunfavorable conditions in the capital markets, which may cause declines in stock price and the value of investments;<\/li>\n
- \nnegative economic and political conditions that adversely affect the general economy, housing prices, the real estate market, the job market, consumer confidence, the financial condition of borrowers and consumer spending habits, which may affect, among other things, the level of non-performing assets, charge-offs and provision expense;<\/li>\n
- \nfluctuations or unanticipated changes in the interest rate environment including changes in net interest margin or changes in the yield curve that affect investments, loans or deposits;<\/li>\n
- \nthe general decline in the real estate and lending markets, particularly in commercial real estate in the Company\u2019s market areas, and the effects of the enactment of or changes to rent-control and other similar regulations on multi-family housing;<\/li>\n
- \nimplementation by the current presidential administration of a regulatory reform agenda that is significantly different from that of the prior presidential administration, impacting the rule making, supervision, examination and enforcement of the banking regulation agencies;<\/li>\n
- \nchanges in U.S. trade policies and other global political factors beyond the Company\u2019s control, including the imposition of tariffs, which raise economic uncertainty, potentially leading to slower growth and a decrease in loan demand;<\/li>\n
- \nthe outcome of legal or regulatory proceedings that may be instituted against us;<\/li>\n
- \ninability to achieve organic loan and deposit growth and the composition of that growth;<\/li>\n
- \ncomposition of the Company\u2019s loan portfolio, including any concentration in industries or sectors that may experience unanticipated or anticipated adverse conditions greater than other industries or sectors in the national or local economies in which the Company operates;<\/li>\n
- \ninaccuracy of the assumptions and estimates the <\/li><\/ol> Contacts<\/b>
\nInvestor Contact<\/b>:\nJamie Lillis\nSolebury Strategic Communications\nshareholderrelations@amalgamatedbank.com<\/a>800-895-4172<\/p> Read full story here <\/a>","protected":false},"excerpt":{"rendered":"Deposit Growth of $280 Million | Loan Growth of $115 MillionNEW YORK–(BUSINESS WIRE)–Amalgamated Financial Corp. (the \u201cCompany\u201d or \u201cAmalgamated\u201d) (Nasdaq: AMAL), the holding company for Amalgamated Bank (the \u201cBank\u201d), today announced financial result…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-43152","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/43152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43152"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/43152\/revisions"}],"predecessor-version":[{"id":43154,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/43152\/revisions\/43154"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![](\"https:\/\/mms.businesswire.com\/media\/20260722336518\/en\/2858345\/5\/Amalgamated_logo.jpg\"){kind=logo}
<\/a>