Amalgamated Financial Corp. to Host Third Quarter Earnings Call
Amalgamated Financial Corp. (Nasdaq: AMAL) is set to unveil its financial results for the third quarter of 2024. Investors can look forward to this announcement scheduled for early market hours, specifically before the opening on a Thursday. This event represents an exciting opportunity for stakeholders to gain insights into the company’s performance.
Details of the Upcoming Conference Call
The conference call will take place at 11:00 a.m. Eastern Time on the same Thursday of the earnings announcement. To be part of this informative discussion, investors and analysts should call in approximately ten minutes prior to the scheduled start. For ease of access, those within the United States can dial 1-877-407-9716, while international participants can reach out by calling 1-201-493-6779.
Live Audio Webcast Availability
For those who prefer to listen online, a live audio webcast will also be available on Amalgamated’s official website. This provides an additional platform for eager participants to follow along and stay updated with the company’s latest financial breakthroughs.
Post-Call Replay Information
In case some stakeholders are unable to attend the live session, Amalgamated Financial Corp. will ensure that a replay of the conference call is accessible shortly after its conclusion. Within two hours after the live event, the replay can be accessed both via the company’s website and by dialing 1-844-512-2921 for U.S. calls, or 1-412-317-6671 for those calling from abroad. The access pin for the telephone replay will be 13748697, which is essential for accessing the recorded content. This replay option will remain available until the end of October.
Understanding Amalgamated Financial Corp.
Amalgamated Financial Corp. operates as a public benefit corporation based in Delaware and serves as a significant player in commercial banking and associated financial services through its wholly-owned subsidiary, Amalgamated Bank. Renowned for its full-service capabilities, Amalgamated Bank has a robust presence across multiple prominent U.S. cities, including New York City, Washington D.C., San Francisco, and a commercial office in Boston.
A Legacy of Service
This bank was established way back in 1923, initially under the name Amalgamated Bank of New York, by the Amalgamated Clothing Workers of America, which is one of the oldest labor unions in the U.S. Today, Amalgamated Bank delivers a diverse suite of banking and trust services nationwide, catering to both retail and commercial clients. With a commitment to values-based banking, their dedication is further exemplified by their certification as a B Corporation and participation in the Global Alliance for Banking on Values.
Current Financial Standing
As of mid-2024, Amalgamated Financial Corp. showcases impressive financial governance, reporting total assets amounting to $8.3 billion. Furthermore, total net loans are reported at $4.4 billion, while total deposits reached a notable figure of $7.4 billion. Their trust business is also noteworthy, managing $34.6 billion in assets under custody and $14.0 billion in assets under management, reflecting a vigorous adherence to financial stability and trust.
Contact Information for Investors
For further inquiries, investors can reach out to Jamie Lillis at Solebury Strategic Communications. She is available via email at shareholderrelations@amalgamatedbank.com or by phone at 800-895-4172. Engaging with investment relations will provide valuable insights into the company’s initiatives.
Frequently Asked Questions
What is the date of the Q3 2024 earnings release?
The earnings results will be released before the market opens on a Thursday.
What time is the earnings conference call?
The conference call is scheduled for 11:00 a.m. Eastern Time on the same day of the earnings release.
How can I access the conference call?
To participate, dial 1-877-407-9716 for domestic calls or 1-201-493-6779 for international calls around ten minutes before the call starts.
Will there be a replay available after the call?
Yes, a playback of the conference call will be available within two hours after the live event.
What is Amalgamated Financial Corp.'s primary business focus?
The company is primarily involved in commercial banking and financial services through Amalgamated Bank, catering to both retail and corporate clients.
