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.

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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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NEW YORK, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Amalgamated Bank (Nasdaq: AMAL) (“Amalgamated” or the “Bank”) today announced financial results for the third quarter ended September 30, 2020.

Amalgamated Bank Reports Third Quarter 2020 Financial Results

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: Should You Buy?

NEW YORK, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Amalgamated Bank (Nasdaq: AMAL) (the “Company”) today announced that Keith Mestrich has informed the Board of Directors that he will step down from his positions as President and Chief Executive Officer on January 31, 2021. At that time, he will transition from a director to special advisor to the Board through July 2021. Mr. Mestrich joined Amalgamated Bank in 2012 and has served as its President and Chief Executive Officer since 2014.

Amalgamated Bank CEO Announces Plan to Step Down in Early 2021

~ Amalgamated Bank Announces Third Quarter 2020 Earnings Conference Call Timing ~

Amalgamated Bank Announces Preliminary Third Quarter 2020 Financial Results

NEW YORK, Sept.  10, 2020  (GLOBE NEWSWIRE) -- Amalgamated Bank (Nasdaq: AMAL) (“Amalgamated”) today announced that Keith Mestrich, President and Chief Executive Officer, and Drew LaBenne, Chief Financial Officer, will participate in a fireside chat at the Barclays Global Financial Services Conference at 1:15 p.m. Eastern Time on Monday, September 14, 2020. 

Amalgamated Bank Announces Virtual Participation at Barclays Global Financial Services Conference

Amalgamated Bank (AMAL) CEO Keith Mestrich on Q2 2020 Results - Earnings Call Transcript

Shares of Amalgamated Bank (NASDAQ:AMAL) rose 5%after the company reported Q2 results.

Amalgamated Bank: Q2 Earnings Insights

Amalgamated Bank (AMAL) delivered earnings and revenue surprises of 36.00% and 5.90%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Amalgamated Bank (AMAL) Surpasses Q2 Earnings and Revenue Estimates

NEW YORK, July  28, 2020  (GLOBE NEWSWIRE) -- Amalgamated Bank (Nasdaq: AMAL) (“Amalgamated”) today announced financial results for the second quarter ended June 30, 2020. 

Amalgamated Bank Reports Second Quarter 2020 Financial Results

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

NEW YORK, July  14, 2020  (GLOBE NEWSWIRE) -- Amalgamated Bank (“Amalgamated”) (Nasdaq: AMAL) today announced that its second quarter 2020 financial results will be released before market open on Tuesday, July 28, 2020.  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 Second Quarter 2020 Earnings Conference Call

Amalgamated Bank (AMAL) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Moving Higher for Amalgamated Bank (AMAL): Time to Buy?

Amalgamated Bank (AMAL) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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

Amalgamated Bank (AMAL) CEO Keith Mestrich on Q1 2020 Results - Earnings Call Transcript

Amalgamated Bank (AMAL) delivered earnings and revenue surprises of -19.44% and 9.95%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Amalgamated Bank (AMAL) Q1 Earnings Miss Estimates

Shares of Amalgamated Bank (NASDAQ:AMAL) were unchanged at $11.75 after the company reported Q1 results.

Amalgamated Bank: Q1 Earnings Insights

NEW YORK, April  17, 2020  (GLOBE NEWSWIRE) -- Amalgamated Bank (Nasdaq: AMAL), today announced that, due to the public health and safety concerns related to the novel coronavirus (COVID-19) pandemic and based upon orders and guidance from Federal and New York authorities, its Annual Meeting of Stockholders (the “2020 Annual Meeting”) will now be held by means of a virtual-only format.

Amalgamated Bank to Host Its Annual Meeting of Stockholders in Virtual Format

NEW YORK, April  01, 2020  (GLOBE NEWSWIRE) -- Amalgamated Bank (Nasdaq: AMAL) today announced the launch of the  Frontline Workers Fund , designed to provide financial support for workers on the frontlines of the COVID-19 pandemic, including nurses and health care workers, grocery workers, cleaning service workers, food service workers, laundry workers in hospitals, and retail workers, amongst others.

Amalgamated Bank Launches Frontline Workers Fund to Support Responders to COVID-19 Pandemic

Marks major boost for PACE Funding in expanded mission-aligned lending space Marks major boost for PACE Funding in expanded mission-aligned lending space

Amalgamated Bank and PACE Funding Announce New Investment

NEW YORK, Feb.  06, 2020  (GLOBE NEWSWIRE) -- Amalgamated Bank (Nasdaq: AMAL) (the “Company”) today announced that its Board of Directors has declared a regular dividend to common shareholders of $0.08 per share, payable on March 6, 2020, to shareholders of record on February 21, 2020.  The amount and timing of any future dividend payments to shareholders will be subject to the discretion of the Company’s Board of Directors.

Amalgamated Bank  Declares  Regular Quarterly Dividend

Amalgamated Bank (AMAL) CEO Keith Mestrich on Q4 2019 Results - Earnings Call Transcript

Amalgamated Bank (AMAL) delivered earnings and revenue surprises of 0.00% and 0.46%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Amalgamated Bank (AMAL) Meets Q4 Earnings Estimates

Amalgamated Bank (AMAL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

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

Amalgamated Bank (AMAL) CEO Keith Mestrich on Q3 2019 Results - Earnings Call Transcript

NEW YORK, Oct.  28, 2019  (GLOBE NEWSWIRE) -- Amalgamated Bank (Nasdaq: AMAL) (“Amalgamated”) today announced financial results for the period ended September 30, 2019. 

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