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

NEW YORK, April 14, 2022 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its first quarter 2022 financial results will be released before market open on Thursday, April 28, 2022. 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 2022 Earnings Conference Call

Amalgamated Bank Provides Update on Acquisition of Amalgamated Bank of Chicago

Marks major expansion and horizontal integration in the utility and decentralized renewable space Marks major expansion and horizontal integration in the utility and decentralized renewable space

Amalgamated Bank and Almika Announce New Investment in Clean Energy Platform

Amalgamated Financial Corp. (AMAL) CEO Priscilla Sims Brown on Q4 2021 Results - Earnings Call Transcript

Amalgamated Financial (AMAL) delivered earnings and revenue surprises of 32.50% and 17.71%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Amalgamated Financial (AMAL) Q4 Earnings and Revenues Top Estimates

NEW YORK, Jan. 27, 2022 (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 fourth quarter ended December 31, 20211.

Amalgamated Financial Corp. Reports Fourth Quarter 2021 Financial Results

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.

Earnings Preview: Amalgamated Financial (AMAL) Q4 Earnings Expected to Decline

NEW YORK, Jan. 13, 2022 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its fourth quarter and full year 2021 financial results will be released before market open on Thursday, January 27, 2022. 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 2021 Earnings Conference Call

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases its Third-Quarter 2021 U.S. Bank Compendium and 2022 Outlook. The compendium provides our latest view of the U.S. banking sector including KBRA's sector outlook for 2022 and analyzes the 3Q21 results of U.S. banks with KBRA long-term ratings. The Compendium also includes our quarterly environmental, social, and governance (ESG) Bulletin, which, in this issue, features Amalgamated Financial Corp. (NASDAQ: AMAL; KBRA Senior BHC R

KBRA Releases U.S. Bank 3Q21 Compendium and 2022 Outlook

NEW YORK, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (the “Company”) (Nasdaq: AMAL), the holding company for Amalgamated Bank (the “Bank”), today announced the closing of its underwritten public offering of $85,000,000 aggregate principal amount of its 3.250% Fixed-to-Floating Rate Subordinated Notes due 2031 (the “Notes”). The Company intends to use the net proceeds from this offering for general corporate purposes, including for funding the cash consideration to be paid in the Company's acquisition of Amalgamated Investments Company and for ongoing working capital needs.

Amalgamated Financial Corp. Announces Closing of $85 Million Subordinated Notes Offering

NEW YORK, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (the “Company”) (Nasdaq: AMAL), the holding company for Amalgamated Bank (the “Bank”), today announced the pricing of its public offering of $85,000,000 aggregate principal amount of its 3.250% Fixed-to-Floating Rate Subordinated Notes due 2031 (the “Notes”). The price to the public for the Notes is 100% of the principal amount of the Notes. The Notes will mature on November 15, 2031. Interest on the Notes initially will accrue at a rate equal to 3.250% per annum from and including November 8, 2021 to, but excluding, November 15, 2026, payable semiannually in arrears. From and including November 15, 2026 to, but excluding, November 15, 2031 or the earlier redemption date, interest will accrue at a floating rate per annum equal to a benchmark rate, which is expected to be Three-Month Term Secured Overnight Financing Rate (SOFR) (as defined in the Notes), plus a spread of 230 basis points, payable quarterly in arrears. The Notes are intended to qualify as Tier 2 capital for regulatory purposes.

Amalgamated Financial Corp. Announces Pricing of Subordinated Notes Offering

Amalgamated Financial Corp. (AMAL) CEO Priscilla Sims Brown on Q3 2021 Results - Earnings Call Transcript

Amalgamated Financial (AMAL) delivered earnings and revenue surprises of 24.32% and 3.80%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Amalgamated Financial (AMAL) Tops Q3 Earnings and Revenue Estimates

NEW YORK, Oct. 28, 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 third quarter ended September 30, 20211.

Amalgamated Financial Corp. Reports Third Quarter 2021 Financial Results

NEW YORK, Oct. 22, 2021 (GLOBE NEWSWIRE) -- Amalgamated Bank (“Amalgamated”), a wholly-owned subsidiary of Amalgamated Financial (the “Company”) (Nasdaq: AMAL) today announced that Ivan Frishberg has been named Senior Vice President and Chief Sustainability Officer, and will be part of Bank Leadership effective October 22, 2021.

Amalgamated Bank Names Ivan Frishberg Chief Sustainability Officer

NEW YORK, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its third quarter 2021 financial results will be released before market open on Thursday, October 28, 2021. 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 Third Quarter 2021 Earnings Conference Call

Unites Two Highly Complementary Organizations to Further Enhance  Amalgamated's Position as America's Largest ESG-Focused Bank

Amalgamated Bank Announces Agreement to Acquire Amalgamated Bank of Chicago

– The WNBPA and America's Socially Responsible Bank to support social justice reform efforts via newly launched WNBPA Social Impact Fund; player-advocates Sue Bird, Natasha Cloud & Elizabeth Williams will also share their stories  –

Amalgamated Bank Named Official Social Responsibility Partner of the WNBPA In Landmark Alliance

NEW YORK, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (Nasdaq: AMAL) (“Amalgamated” or the “Company”), today announced that it has elected Darrell Jackson as its newest member to the Board of Directors.

Amalgamated Financial Corp. elects Darrell Jackson as newest Board member

Amalgamated Financial's (AMAL) CEO Priscilla Sims Brown on Q2 2021 Results - Earnings Call Transcript

Amalgamated Financial (AMAL) delivered earnings and revenue surprises of -11.11% and -0.72%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Amalgamated Financial (AMAL) Q2 Earnings and Revenues Lag Estimates

NEW YORK, July 29, 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 second quarter ended June 30, 20211.

Amalgamated Financial Corp. Reports Second Quarter 2021 Financial Results

NEW YORK, July 14, 2021 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its second quarter 2021 financial results will be released before market open on Thursday, July 29, 2021. 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 Second Quarter 2021 Earnings Conference Call

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.

News for Amalgamated Financial Corp Stock (AMAL)