Brief: Amalgamated Financial Corp. Reports First Quarter 2023 Financial Results
27/04/2023 11:57
April 27 (Reuters) - Amalgamated Bank AMAL.O :
* AMALGAMATED FINANCIAL CORP. REPORTS FIRST QUARTER 2023
FINANCIAL
RESULTS; EXHIBITING DEPOSIT STABILITY AND SOLID LIQUIDITY
* AMALGAMATED BANK QTRLY TOTAL UNINSURED DEPOSITS WERE $4.4
BILLION OR 62% OF TOTAL DEPOSITS
* AMALGAMATED BANK - REGULATORY CAPITAL REMAINS ABOVE BANK
"WELL
CAPITALIZED" STANDARDS, REMAINS STRONG AFTER ADOPTION OF CECL
STANDARD ON JAN 1, 2023
Source text for Eikon: ID:nGNX11gStL
Further company coverage: AMAL.O
((Reuters.Briefs@thomsonreuters.com;))
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