Amalgamated Financial Corp. (NASDAQ:AMAL) Q4 2024 Earnings Conference Call
January 23, 2025 11:00 AM ET
Welcome everyone to the Amalgamated Financial Corporation Fourth Quarter and Full Year 2024 Earnings Conference Call. I am Jason Darby, the Chief Financial Officer of Amalgamated Financial Corp., and I am joined by Priscilla Sims Brown, the President & Chief Executive Officer, as well as Sam Brown, the Chief Banking Officer. Today, we will be discussing the financial results for the fourth quarter and full year of 2024.
Company Participants:
– Jason Darby: Chief Financial Officer
– Priscilla Sims Brown: President & Chief Executive Officer
– Sam Brown: Chief Banking Officer
Conference Call Participants:
– Mark Fitzgibbon: Piper Sandler
– Chris O’Connell: KBW
Good morning, ladies and gentlemen, and welcome to the Amalgamated Financial Corporation Fourth Quarter and Full Year 2024 Earnings Conference Call. During today’s presentation, all parties will be in a listen-only mode.
On this call, we will be discussing our financial performance for the fourth quarter and full year of 2024. I will now turn the call over to Priscilla Sims Brown, our President and CEO, to provide an overview of our results.
Priscilla Sims Brown: Thank you, Jason. I am pleased to report that Amalgamated Financial Corp. had a strong finish to 2024, with record earnings for both the fourth quarter and the full year. We continued to see growth across all of our business segments, driven by a combination of organic growth and strategic acquisitions. Our focus on providing innovative financial solutions to our clients has allowed us to expand our market share and drive profitability.
Sam Brown, our Chief Banking Officer, will now provide more details on our financial performance for the quarter.
Impact on Individual Investors:
As an individual investor, the positive financial results reported by Amalgamated Financial Corp. for the fourth quarter and full year of 2024 are promising. The record earnings and growth across all business segments indicate a strong performance by the company, which may lead to potential investment opportunities. Investors may see this as a positive sign of the company’s stability and future growth potential.
Impact on the World:
The strong financial performance of Amalgamated Financial Corp. is indicative of a healthy and thriving financial sector. As a key player in the industry, the company’s success can have a ripple effect on the overall economy. Positive earnings and growth by major financial institutions like Amalgamated Financial Corp. can contribute to overall market confidence and stability, which in turn can benefit the global economy.
Conclusion:
In conclusion, the fourth quarter and full year 2024 earnings conference call for Amalgamated Financial Corp. highlights the company’s strong financial performance and growth trajectory. The record earnings and positive outlook presented during the call bode well for both individual investors and the global economy. As we move forward, it will be interesting to see how Amalgamated Financial Corp. continues to innovate and drive success in the financial industry.
