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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Cigna

America's Car-Mart

D.R. Horton

Federated Hermes

Turtle Beach

Hologic

Labcorp Holdings Inc

Lumber Liquidators

Zumiez

To call a beautiful woman a “Perfect 10” these days would be considered chauvinistic and outdated.

The Perfect 10 Portfolio Returned 69% Last Year

NEW YORK, May 26, 2021 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (Nasdaq: AMAL) (“Amalgamated” or the “Company”), today announced that it has appointed Jason Darby as Chief Financial Officer and Senior Executive Vice President, effective immediately. Mr. Darby has served as interim Chief Financial Officer since April 2021. Earlier this month, in a separate announcement, Amalgamated named Priscilla Sims Brown as its President and Chief Executive Officer, effective June 1, 2021.

Amalgamated Financial Corp. Appoints Jason Darby Chief Financial Officer

Veteran Financial Services Executive Will Join Amalgamated to Lead its Growth Strategy and Advance its Mission as America's Socially Responsible Bank Veteran Financial Services Executive Will Join Amalgamated to Lead its Growth Strategy and Advance its Mission as America's Socially Responsible Bank

Amalgamated Financial Corp. Appoints Priscilla Sims Brown Chief Executive Officer

Twenty-First Century Fox

Amalgamated Financial Corp. (AMAL) CEO Lynne Fox on Q1 2021 Results - Earnings Call Transcript

Amalgamated Financial (AMAL) delivered earnings and revenue surprises of 13.89% and -5.24%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Amalgamated Financial (AMAL) Q1 Earnings Beat Estimates

Shares of Amalgamated Financial (NASDAQ:AMAL) rose 1.6% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 41.38% year over year to $0.41, which beat the estimate of $0.34.

Recap: Amalgamated Financial Q1 Earnings

NEW YORK, April 22, 2021 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (the “Company” or “Amalgamated”) (Nasdaq: AMAL), the holding company for Amalgamated Bank (the “Bank”), today announced financial results for the first quarter ended March 31, 2021.

Amalgamated Financial Corp. Reports First Quarter 2021 Financial Results

WASHINGTON--(BUSINESS WIRE)--Amalgamated Bank today announced that it is a founding member of the Net Zero Banking Alliance, part of the Glasgow Finance Alliance for Net Zero.

Amalgamated Bank Helps Launch Net Zero Banking Alliance

Amalgamated Bank (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.

Amalgamated Bank (AMAL) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

NEW YORK, April 08, 2021 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its first quarter 2021 financial results will be released before market open on, Thursday, April 22, 2021. The Company will host a conference call at 10:00 a.m. Eastern Time on the same day to discuss the financial results.

Amalgamated Financial Corp. Announces First Quarter 2021 Earnings Conference Call

-- Drew LaBenne, current Chief Financial Officer, is leaving at the end of April to pursue a new opportunity outside the banking industry -- -- Jason Darby, Chief Accounting Officer, to become Interim Chief Financial Officer --

Amalgamated Financial Corp. Announces Management Changes

Ameris Bancorp

Axos Financial Inc.

Green Dot

Live Oak Bancshares

Here are four smaller banks that investors might want to consider.

A High-Potential Basket of Small Bank Stocks

As the holding company of Amalgamated Bank, America's socially responsible bank, Amalgamated Financial is the first publicly traded financial services company to become a public benefit corporation, committing to promote social and environmental justice in-line with stockholder return.

Amalgamated Financial Becomes the First Publicly Traded Financial Services Company to Incorporate as a Public Benefit Corporation

NEW YORK, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Amalgamated Bank (Nasdaq: AMAL) (the “Company”) today announced that its Board of Directors has declared a regular dividend to common stockholders of $0.08 per share, payable by the Company on March 5, 2021, to stockholders of record on February 19, 2021. The amount and timing of any future dividend payments to stockholders will be subject to the discretion of the Board of Directors.

Amalgamated Bank Declares Regular Quarterly Dividend

Amalgamated Bank (AMAL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Amalgamated Bank (AMAL) Moves to Buy: Rationale Behind the Upgrade

Amalgamated Bank (AMAL) CEO Keith Mestrich on Q4 2020 Results - Earnings Call Transcript

Amalgamated Bank (AMAL) delivered earnings and revenue surprises of 33.33% and 12.40%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Amalgamated Bank (AMAL) Q4 Earnings and Revenues Beat Estimates

Shares of Amalgamated Bank (NASDAQ:AMAL) were unchanged after the company reported Q4 results. Quarterly Results Earnings per share rose 12.82% year over year to $0.44, which beat the estimate of $0.33.

Recap: Amalgamated Bank Q4 Earnings

NEW YORK, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Amalgamated Bank (Nasdaq: AMAL) (“Amalgamated” or the “Bank”) today announced financial results for the fourth quarter and full year ended December 31, 2020.

Amalgamated Bank Reports Fourth Quarter and Full Year 2020 Financial Results

NEW YORK, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Amalgamated Bank (“Amalgamated”) (Nasdaq: AMAL) today announced that its fourth quarter and full year 2020 financial results will be released before market open on, Thursday, January 28, 2021. The Company will host a conference call at 10:00 a.m. Eastern Time on the same day to discuss the financial results.

Amalgamated Bank Announces Fourth Quarter and Full Year 2020 Earnings Conference Call

Amalgamated Bank (AMAL) Upgraded to Buy: What Does It Mean for the Stock?

Amalgamated Bank (AMAL) Upgraded to Buy: Here's Why

Amalgamated Bank's (AMAL) CEO Keith Mestrich on Q3 2020 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--On October 27, 2020, Kroll Bond Rating Agency (KBRA) assigned senior unsecured debt and deposit ratings of BBB+, a subordinated debt rating of BBB, and short-term debt and deposit ratings of K2 to New York, New York-based Amalgamated Bank (NASDAQ: AMAL)(“Amalgamated” or “the bank”). The Outlook for the long-term ratings is Stable. The ratings reflect Amalgamated's clear and defensible corporate strategy focused on a niche client base with ample growth opportunity. Ski

KBRA Publishes Rating Report for Amalgamated Bank

Amalgamated Bank (AMAL) delivered earnings and revenue surprises of 28.57% and 7.12%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

News for Amalgamated Financial Corp Stock (AMAL)