Amalgamated Financial: Q3 Earnings Snapshot
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Audio By Carbonatix
6:35 AM on Thursday, October 26, 2023
The Associated Press
NEW YORK (AP) — NEW YORK (AP) — Amalgamated Financial Corp. (AMAL) on Thursday reported third-quarter profit of $22.3 million.
The New York-based company said it had profit of 73 cents per share. Earnings, adjusted for one-time gains and costs, came to 76 cents per share.
The bank posted revenue of $98 million in the period. Its adjusted revenue was $70.5 million.
Amalgamated Financial shares have dropped 32% since the beginning of the year. The stock has dropped 33% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMAL at https://www.zacks.com/ap/AMAL
