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 2024

AMAL reports solid Q1 earnings, faces CECL challenges and expense optimization opportunities

AMAL's Q1 2023 performance demonstrated solid earnings and growth in loan and PACE portfolios. The company's strengths lie in its long-standing commitment to responsible banking, stable deposit base, and focus on digital transformation. However, challenges related to CECL adoption and anticipated net interest income decline require careful management. AMAL has opportunities to optimize expenses, manage its balance sheet mix, and consider share repurchases.

AMAL reports $21.6M net income, highlights sustainable lending growth

AMAL's Q2 2023 performance reflected strong net income and notable growth in sustainable lending. The bank's deposit franchise and multifamily book showed resilience, while challenges included a shift in the balance sheet and discrete events impacting loan yields. Looking ahead, AMAL sees significant opportunities in sustainable lending and growth funding.

AMAL reports robust Q3 performance, eyes sustainable lending growth

AMAL's Q3 2023 performance showcased strong financial results, robust profitability, and effective balance sheet management. The bank's commitment to sustainable lending and combating climate change aligns with long-term market opportunities. However, challenges related to societal issues and potential tax rate fluctuations require attention. Overall, AMAL is well-positioned for growth and value creation.

AMAL reports strong Q4 earnings, focuses on sustainable lending

AMAL's Q4 performance reflects strong deposit growth, margin expansion, and a focus on sustainable lending. While they face challenges related to potential macroeconomic changes and stressed credits, the company is optimistic about the future and has a strong pipeline for growth opportunities.

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

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?

Should Value Investors Buy Amalgamated Financial (AMAL) Stock?

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

Are Investors Undervaluing Amalgamated Financial (AMAL) Right Now?

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. 23, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its Board of Directors has declared a regular dividend to common stockholders of $0.10 per share, payable by the Company on February 23, 2024, to stockholders of record on February 6, 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. Declares Regular Quarterly Dividend

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

Paymentus Holdings

Wintrust Financial

PAY, WTFC and AMAL made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on December 12, 2023.

Best Momentum Stock to Buy for December 12th

Dole

Griffon

GFF, AMAL and DOLE made it to the Zacks Rank #1 (Strong Buy) value stock list on December 12, 2023.

Best Value Stocks to Buy for December 12th

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

Civeo

CommVault Systems

Global Industrial Co

Manitex

CVLT, MNTX, AMAL, GIC and CVEO are five stocks with explosive relative price strength.

Here Are 5 Top-Ranked Plays With Relative Price Strength

Great Elm Capital

TripAdvisor

GECC, AMAL and TRIP made it to the Zacks Rank #1 (Strong Buy) value stocks list on November 6, 2023.

Best Value Stocks to Buy for November 6th

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.

News for Amalgamated Financial Corp Stock (AMAL)