Amalgamated Financial Corp

Amalgamated Financial Corp. operates as a holding company for Amalgamated Bank. It offers commercial and retail banking, investment management, and trust custody segments. The company was founded in 1923 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Amalgamated Financial Corp (AMAL) reports record earnings and growth opportunities

Amalgamated Financial Corp (AMAL) delivered strong financial performance in Q4 2022, with record earnings, improved credit quality, and strategic growth initiatives.
The bank's focus on sustainable lending, deposit mix optimization, and proactive risk management positions it well for long-term stability and profitability.
While facing challenges such as consumer charge offs and interest rate risks, AMAL has opportunities to leverage sustainable lending, revenue enhancement, and operational efficiencies.
Overall, Amalgamated Financial Corp (AMAL) is poised for growth and resilience, supported by its prudent financial management and strategic initiatives.

Amalgamated Financial Corp reports stable Q1 earnings amidst market challenges

Amalgamated Financial Corp's Q1 performance showcased solid earnings and deposit base strength amidst market challenges, with a focus on responsible banking and stability.
While facing declines in core deposits and specific expense challenges, the bank is poised for growth through loan origination, funding management, and capital optimization strategies.
Strategic opportunities lie in achieving financial targets, maintaining capital levels, and optimizing portfolio composition for sustained growth and profitability.

Amalgamated Financial Corp reports strong Q2 earnings, eyes sustainable growth

Amalgamated Financial Corp's Q2 2023 performance showed solid net income and loan growth, with improvements in asset quality. The bank's focus on sustainable lending and deposit franchise strength positions it well for future growth, despite challenges in net interest income and temporary loan yield decreases.

Amalgamated Financial Corp (AMAL) reports robust Q3 performance and eyes strategic growth opportunities

Amalgamated Financial Corp (AMAL) demonstrated strong financial performance with a focus on balance sheet strength and operational efficiency.
While facing challenges in managing nonperforming assets and executing growth strategies, the bank remains well-positioned for future opportunities.
Strategic initiatives to enhance shareholder value, support community safety, and drive sustainable growth underscore the bank's commitment to long-term success.
Management's proactive approach to addressing challenges and leveraging opportunities bodes well for navigating evolving market dynamics.

Amalgamated Financial Corp (AMAL) reports strong Q4 performance and growth outlook

Amalgamated Financial Corp (AMAL) delivered strong Q4 performance with a focus on sustainable banking and impact lending. The company provided guidance for 2024, targeting core pretax preprovision earnings and net interest income. Challenges include margin expansion uncertainties and specific credit stress.

Amalgamated Financial Corp reports strong Q1 performance and eyes sustainable growth

Amalgamated Financial Corp (AMAL) showed strong performance with increased core net income and deposit growth in Q1 2024.
While facing challenges like political deposit outflows, the bank is leveraging strengths in sustainable lending and customer segment growth.
Opportunities in margin expansion, stock buybacks, and sustainable financing projects position the bank for future growth and profitability.

Amalgamated Financial Corp reports robust Q2 earnings and growth prospects

Amalgamated Financial Corp delivered strong financial performance in Q2 2024, driven by deposit and loan growth.
The company's focus on sustainability and climate finance presents a competitive edge in the market.
While facing challenges in maintaining profitability, Amalgamated has opportunities for growth through strategic initiatives.

Amalgamated Financial Corp excels in Q3, eyes sustainable growth

AMAL's Q3 performance reflects robust growth, financial resilience, and strategic investments in sustainable initiatives.
While facing challenges such as potential margin compression and political deposit outflows, the company remains optimistic about future prospects.
Opportunities lie in the acceleration of loan growth, sustainable lending focus, and upcoming investor engagement events.

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Amalgamated Financial is a growing bank with a strong track record of rapid growth and high-quality assets. The bank offers a wide range of banking services, including loans, deposits, and investment management. While there are some risks, such as high uninsured deposit exposure, the bank's attractive valuation and solid performance make it a potential buy.

Amalgamated Financial: Decent Enough

NEW YORK, May 15, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) announced that the Company has extended its commitment to invest in Residential Property Assessed Clean Energy (“R-PACE”) assessments through its ongoing partnership with Home Run Finance (“HRF”). Amalgamated's commitment provides an additional $85 million of capital to fund R-PACE assessments originated by HRF.

Amalgamated Financial Corp. Commits Additional $85 Million to Finance R-PACE Assessments

Three Additional Developments Expected to Reach Mechanical Completion by the end of Third Quarter 2024 Three Additional Developments Expected to Reach Mechanical Completion by the end of Third Quarter 2024

Amalgamated Financial Corp. Announces Completion of Three Oregon Community Solar Program Projects

Amalgamated Financial Corp. (NASDAQ:AMAL ) Q1 2024 Earnings Conference Call April 25, 2024 11:00 AM ET Company Participants Jason Darby - Senior Executive Vice President, Chief Financial Officer Priscilla Sims Brown - President & CEO Conference Call Participants Alex Twerdahl - Piper Sandler Janet Lee - JPMorgan Christopher O'Connell - KBW Operator Good morning, ladies and gentlemen, and welcome to the Amalgamated Financial First Quarter 2024 Earnings Call. During today's presentation, all parties will be in a listen-only mode.

Amalgamated Financial Corp. (AMAL) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for Amalgamated Financial (AMAL) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Amalgamated Financial (AMAL) Q1 Earnings: A Look at Key Metrics

Amalgamated Financial (AMAL) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.74 per share a year ago.

Amalgamated Financial (AMAL) Beats Q1 Earnings and Revenue Estimates

Common Equity Tier 1 Capital Ratio of 13.68% | Return on Average Assets of 1.36% Common Equity Tier 1 Capital Ratio of 13.68% | Return on Average Assets of 1.36%

Amalgamated Financial Corp. Reports First Quarter 2024 Financial Results; Stellar Deposit Growth; Net Interest Margin Rises to 3.49%

NEW YORK, April 23, 2024 (GLOBE NEWSWIRE) -- In a release issued today by Amalgamated Financial Corp., (Nasdaq: AMAL), please note that the percentage increase of the dividend has been updated to 20%, the dividend has changed to $0.12 per common share, and the record date and payable dates have been adjusted to May 8, 2024 and May 22, 2024, respectively. The corrected release follows:

CORRECTION: Amalgamated Financial Corp. Announces a 20% Quarterly Dividend Increase

NEW YORK, April 23, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its Board of Directors has authorized a 50% increase in the Company's quarterly dividend to $0.15 per common share, payable by the Company on May 8, 2024, to stockholders of record on May 22, 2024. The amount and timing of any future dividend payments to stockholders will be subject to the discretion of the Board of Directors.

Amalgamated Financial Corp. Announces a 50% Quarterly Dividend Increase

Amalgamated Financial (AMAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Amalgamated Financial (AMAL) to Report a Decline in Earnings: What to Look Out for

NEW YORK, April 11, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its first quarter 2024 financial results will be released before market open on Thursday, April 25, 2024. The Company will host a conference call at 11:00 a.m. Eastern Time on the same day to discuss the financial results.

Amalgamated Financial Corp. Announces First Quarter 2024 Earnings Conference Call

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Amalgamated Financial (AMAL) Stock Undervalued Right Now?

Planned changes in the balance sheet will likely boost Amalgamated Financial's net interest margin this year. Local job markets give hope that loan growth can remain at a decent level. The December 2024 target price suggests a moderate upside. Further, AMAL is offering a low dividend yield.

Amalgamated Financial: Earnings Outlook Remains Positive Thanks To Loans And Margin

Amalgamated Financial Corp. (AMAL) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Amalgamated Financial (AMAL) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Amalgamated Financial (AMAL) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Amalgamated Financial (AMAL) came out with quarterly earnings of $0.72 per share, missing the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.83 per share a year ago.

Amalgamated Financial (AMAL) Q4 Earnings Lag Estimates

Common Equity Tier 1 Capital Ratio of 12.98% | Return on Average Assets of 1.13% Common Equity Tier 1 Capital Ratio of 12.98% | Return on Average Assets of 1.13%

Amalgamated Financial Corp. Reports Fourth Quarter 2023 Financial Results: $170.8 Million Deposit Growth Excluding Brokered CDs; Net Interest Margin Rises to 3.44%

NEW YORK, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its fourth quarter and full year 2023 financial results will be released before market open on Thursday, January 25, 2024. The Company will host a conference call at 11:00 a.m. Eastern Time on the same day to discuss the financial results.

Amalgamated Financial Corp. Announces Fourth Quarter and Full Year 2023 Earnings Conference Call

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Amalgamated Financial Corp. (AMAL) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, AMAL's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.

After Golden Cross, Amalgamated Financial (AMAL)'s Technical Outlook is Bright

NEW YORK, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced it has appointed Julieta Ross and Scott Stoll as its newest members to the Company's Board of Directors, effective immediately.

Amalgamated Financial Corp. Appoints Julieta Ross and Scott Stoll to its Board of Directors

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The mean of analysts' price targets for Amalgamated Financial (AMAL) points to a 29.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

How Much Upside is Left in Amalgamated Financial (AMAL)? Wall Street Analysts Think 29.54%

Amalgamated Financial Corp. (NASDAQ:AMAL ) Q3 2023 Earnings Conference Call October 26, 2023 11:00 AM ET Company Participants Jason Darby - Chief Financial Officer Priscilla Sims Brown - President & Chief Executive Officer Conference Call Participants Chris O'Connell - KBW Operator Good morning, ladies and gentlemen, and welcome to the Amalgamated Financial Corporation Third Quarter 2023 Earnings Conference Call. During today's presentation, all parties will be on a listen only mode.

News for Amalgamated Financial Corp Stock (AMAL)