AMAL

As the Q1 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the regional banks industry, including Amalgamated Financial (NASDAQ:AMAL) and its peers. Regional banks, financial institutions operating within specific geographic areas, serve as intermediaries between local depositors and borrowers. They benefit from rising interest rates that improve net interest margins (the difference between loan yields and deposit costs), digital transformation reducing operational expenses, and local economic growth driving loan demand. However, these banks face headwinds from fintech competition, deposit outflows to higher-yielding alternatives, credit deterioration (increasing loan defaults) during economic slowdowns, and regulatory compliance costs. Recent concerns about regional bank stability following high-profile failures and significant commercial real estate exposure present additional challenges. The 92 regional banks stocks we track reported a slower Q1. As a group, revenues were in line with analysts’ consensus estimates. While some regional banks stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 2.4% since the latest earnings results. Founded in 1923 by labor unions seeking a financial institution aligned with worker values, Amalgamated Financial (NASDAQGM:AMAL) operates a values-oriented bank that provides commercial banking, trust services, and investment management to socially responsible organizations and individuals. Amalgamated Financial reported revenues of $91.36 million, up 14.6% year on year. This print exceeded analysts’ expectations by 2.2%. Despite the top-line beat, it was still a slower quarter for the company with a significant miss of analysts’ EPS and tangible book value per share estimates. Priscilla Sims Brown, President and Chief Executive Officer, commented, “Overall, we delivered a very strong first quarter that underscores the strength of our balance sheet and purpose-driven model. We grew net revenue to $93.4 million, expanded net interest margin 9 basis points to 3.75%, increased on-balance sheet deposits to $8.2 billion, and maintained strong Tier 1 capital at above 9.3%. Included in our results was an incremental $9.2 million provision tied to a single-borrower multifamily relationship that moved to nonaccrual durin...

Net revenue grew 9.7% to $93.4 million, driven by the bank's decision to retain more deposits on-balance sheet to enhance core net interest income. The deposit franchise showed broad-based strength with $229 million in growth, led by political, labor, and not-for-profit segments, improving the deposit mix to 41% noninterest-bearing. Management attributed a $9.2 million incremental provision to a single borrower relationship in D.C., characterizing it as an isolated event driven by borrower-specific behavior rather than systemic program failure. Net interest margin expanded 9 basis points to 3.75%, supported by higher-yielding commercial loan originations and the completion of lower-yielding securities portfolio repositioning. Loan growth of 1.3% was led by commercial real estate and multifamily originations, reflecting healthy mission-aligned demand and continued credit discipline. The bank is strategically progressing toward the $10 billion asset threshold by investing in infrastructure and technology to support disciplined, profitable scale. Full-year net interest income guidance was raised to $333 million, supported by a new annual balance sheet growth target of approximately 8%. Management expects net interest margin to experience moderate compression in Q2 due to balance sheet growth and nonaccrual impacts before expanding modestly through the second half of 2026. The bank plans to manage the midterm election cycle by utilizing off-balance sheet deposits to absorb expected political outflows, aiming for zero post-election borrowings. Core noninterest income is projected to remain stable at approximately $9.8 million to $10 million per quarter, driven by commercial banking fees and trust-related revenue. Loan growth targets are set at 1.5% to 2% sequentially, with an expected shift toward a more balanced mix between C&I and multifamily portfolios. A $78 million relationship consisting of 10 loans was moved to nonaccrual status following the borrower's notice of intent to default. Total reserves for the specific distressed borrower now stand at $11.1 million, which management believes limits future P&L volatility. Nonperforming assets rose to 1.08% of total assets, primarily due to the downgrades of the single D.C.-based multifamily borrower. Management is evaluating resolution strategies for the distressed assets, including potential foreclosure and the...

This article first appeared on GuruFocus. Net Revenue: Increased by 9.7% to $93.4 million. Net Interest Margin: Expanded by 9 basis points to 3.75%. On-Balance Sheet Deposits: Increased by $229 million to $8.2 billion. Political Deposits: Increased by $133 million to $1.9 billion. Labor Franchise Growth: $106 million increase in deposits. Not-for-Profit Deposits: Grew by $115 million. Net Loans: Increased by approximately $66 million or 1.3%. PACE Portfolio: Expanded with total assessments of $15.8 million, bringing the portfolio to approximately $1.3 billion. Provision for Credit Losses: Incremental $9.2 million provision tied to a single borrower. Earnings Per Share: Core earnings of $0.80 per share. Net Income: $25.2 million or $0.84 per diluted share. Net Interest Income: Increased by 3% to $80.2 million. Core Noninterest Income: Increased by $1.1 million to $11.2 million. Core Expenses: Increased by $0.3 million to $45.3 million. Core Efficiency Ratio: Improved to 49.55%. Tier 1 Leverage Ratio: Remained strong at 9.33%. Nonperforming Assets: Rose to $99.3 million or 1.08% of total assets. Allowance for Credit Losses: Increased to $68.2 million, representing 1.35% of total loans. Guidance Raise: Net interest income target raised to $333 million; core pretax preprovision earnings target raised to $183 million. Warning! GuruFocus has detected 7 Warning Sign with AMAL. Is AMAL fairly valued? Test your thesis with our free DCF calculator. Release Date: April 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Amalgamated Financial Corp (NASDAQ:AMAL) reported a strong first quarter with net revenue growth of 9.7% to $93.4 million. Net interest margin expanded by 9 basis points to 3.75%, indicating improved profitability. The company saw significant growth in deposits, with political deposits increasing by $133 million and labor franchise deposits by $106 million. Loan growth was solid, with net loans up approximately $66 million, driven by strong commercial real estate lending. Amalgamated Financial Corp (NASDAQ:AMAL) raised its net interest income target to $333 million and core pretax preprovision earnings target to $183 million for 2026, reflecting confidence in future performance. The company took an additional $9.2 million provision tied to a single borrower multifamily relationship that moved to...

Amalgamated Financial (AMAL) reported $93.44 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 21.4%. EPS of $0.80 for the same period compares to $0.88 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $89.39 million, representing a surprise of +4.54%. The company delivered an EPS surprise of -15.79%, with the consensus EPS estimate being $0.95. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Amalgamated Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Average Balance - Total interest-earning assets: $8.67 billion compared to the $8.68 billion average estimate based on two analysts. Net Interest Margin: 3.8% compared to the 3.7% average estimate based on two analysts. Efficiency Ratio: 49.1% compared to the 51.5% average estimate based on two analysts. Bank-owned life insurance: $1.32 million compared to the $0.66 million average estimate based on two analysts. Trust Department fees: $4.31 million compared to the $4.25 million average estimate based on two analysts. Non-interest income: $13.29 million versus $10.48 million estimated by two analysts on average. Net Interest Income: $80.16 million compared to the $78.91 million average estimate based on two analysts. View all Key Company Metrics for Amalgamated Financial here>>> Shares of Amalgamated Financial have returned +9.7% over the past month versus the Zacks S&P 500 composite's +9.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amalgamated Financial Corp. (AMAL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Amalgamated Financial (AMAL) came out with quarterly earnings of $0.8 per share, missing the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -15.79%. A quarter ago, it was expected that this bank would post earnings of $0.91 per share when it actually produced earnings of $0.99, delivering a surprise of +8.79%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Amalgamated Financial, which belongs to the Zacks Financial - SBIC & Commercial Industry industry, posted revenues of $93.44 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 4.54%. This compares to year-ago revenues of $76.98 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Amalgamated Financial shares have added about 32.1% since the beginning of the year versus the S&P 500's gain of 4.3%. While Amalgamated Financial has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Amalgamated Financial was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can se...

Deposit Growth of $229 Million | Loan Growth of $66 Million NEW YORK, April 23, 2026--(BUSINESS WIRE)--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, 2026. Priscilla Sims Brown, President and Chief Executive Officer, commented, "Overall, we delivered a very strong first quarter that underscores the strength of our balance sheet and purpose-driven model. We grew net revenue to $93.4 million, expanded net interest margin 9 basis points to 3.75%, increased on-balance sheet deposits to $8.2 billion, and maintained strong Tier 1 capital at above 9.3%. Included in our results was an incremental $9.2 million provision tied to a single-borrower multifamily relationship that moved to nonaccrual during the quarter. We believe the underlying collateral supports our position and we are aggressively pursuing resolution options to preserve and maximize value. We view this as an isolated event with one borrower, which does not change our performance outlook. With the momentum we saw in the quarter, we are focused on executing and delivering on our revenue and earnings targets over the balance of the year." First Quarter 2026 Highlights (on a linked quarter basis) Net income of $25.2 million, or $0.84 per diluted share, compared to $26.6 million, or $0.88 per diluted share. Core net income1 of $24.1 million, or $0.80 per diluted share, compared to $30.0 million, or $0.99 per diluted share. Net revenue of $93.4 million, or $3.10 per diluted share, compared to $85.2 million, or $2.82 per diluted share. Provision expense of $13.5 million in the quarter. Excluding the $9.2 million incremental reserve build, provision expense was $4.2 million, in line with previous quarters. Deposits and Liquidity On-balance sheet deposits increased $228.9 million, or 2.9%, to $8.2 billion. Off-balance sheet deposits increased $71.9 million, or 6.8% to $1.1 billion. Political deposits increased $132.9 million, or 7.7%, to $1.9 billion, comprised of both on and off-balance sheet deposits. Average cost of deposits decreased 5 basis points to 146 basis points, where non-interest-bearing deposits comprised 41% of total deposits. Cash, borrowing capacity, and unpledged securities totaled $4.8 billion, or 102% of total uninsured deposits. Margin a...

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Amalgamated Financial (AMAL) has drawn fresh attention after reporting fourth quarter revenue that exceeded forecasts, along with record quarterly deposit growth and a 21% dividend increase announced earlier in the year. See our latest analysis for Amalgamated Financial. The recent results and dividend move come on top of strong momentum, with a 30 day share price return of 10.58% and a 1 year total shareholder return of 65.20%, while 5 year total shareholder return sits at 174.27%. If you are weighing what else is working in financials and beyond, it could be a good moment to broaden your search and check out 18 top founder-led companies With revenue and earnings meeting or beating expectations, a higher dividend and a share price that sits close to the latest analyst target, the key question now is whether AMAL is still undervalued or if the market is already pricing in future growth. Compared with the most followed fair value estimate of $42, AMAL's last close at $42.13 leaves only a small premium. The narrative frames that gap through long term earnings power and capital returns. Read the complete narrative. Curious what sits behind that earnings curve and the fair value call? The story leans on steady top line growth, firm margins, and a future earnings multiple that is lower than many peers expect. Result: Fair Value of $42 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, credit pressure in rent regulated multifamily and consumer solar loans, along with higher deposit costs, could still unsettle earnings and challenge the fair value narrative. Find out about the key risks to this Amalgamated Financial narrative. While the analyst narrative calls AMAL roughly fairly priced around $42, our DCF model paints a different picture. On Simply Wall St's cash flow view, the shares trade at about a 40% discount to an implied value of $70.41, raising a clear question: which story do you think is closer to reality? Look into how the SWS DCF model arrives at its fair value. Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Amalgamated Financial for example). We show the entire calculation in full. You can track the result in...

NEW YORK, April 09, 2026--(BUSINESS WIRE)--Amalgamated Financial Corp. ("Amalgamated" or the "Company") (Nasdaq: AMAL) today announced that its first quarter 2026 financial results will be released before market open on Thursday, April 23, 2026. The Company will host a conference call at 11:00 a.m. Eastern Time on the same day to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial 1-877-407-9716 (international callers please dial 1-201-493-6779) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available on the website at https://ir.amalgamatedbank.com/. A replay of the conference call will be available within two hours of the conclusion of the call and can be accessed both online and by dialing 1-844-512-2921 (international callers please dial 1-412-317-6671). The pin to access the telephone replay is 13759589. The replay will be available until April 30, 2026. About Amalgamated Financial Corp. Amalgamated Financial Corp. is a Delaware public benefit corporation and bank holding company. Founded in 1923 by the Amalgamated Clothing Workers of America, it provides commercial banking and trust services through Amalgamated Bank, a New York-based commercial bank and chartered trust company with offices or branches in New York City, Washington, D.C., Northern California, and Boston. The Bank is a member of the Global Alliance for Banking on Values and a certified B Corporationﾮ. View source version on businesswire.com: https://www.businesswire.com/news/home/20260409218512/en/ Contacts Investor Contact: Jamie Lillis Solebury Strategic Communications [email protected] 800-895-4172

On April 1, 2026, Amalgamated Financial executive Sean Searby sold about US$195,000 of AMAL stock under a Rule 10b5-1 plan, alongside stock disposals linked to vesting restricted stock units, following quarterly results that exceeded revenue forecasts and reflected higher net interest margins. This combination of robust profitability metrics and ongoing insider share sales, set against slowing revenue growth, gives investors a complex picture of operational strength alongside management’s evolving equity exposure. Against this backdrop of strong earnings and increased insider selling, we’ll examine how these developments may reshape Amalgamated Financial’s investment narrative. Outshine the giants: these 21 early-stage AI stocks could fund your retirement. To own Amalgamated Financial, you need to believe its mission-focused deposit base and improving net interest margins can offset slowing revenue growth and credit risks in solar and CRE exposures. The latest insider sale by Sean Searby, though sizable, occurred under a Rule 10b5-1 plan and does not appear to materially change the near term earnings catalyst or the key risk around potential credit normalization. The recent Q4 2025 results, where revenue came in about 3% above forecasts and net interest income and EPS inched higher year on year, matter more for the core thesis than this insider transaction. They reinforce that profitability remains solid even as top line growth moderates, which is important context when weighing insider selling against the bank’s need to fund digital investment, manage deposit mix shifts, and support its higher dividend. Yet, despite these positives, investors should still be aware of the risk that concentrated solar and CRE credit exposure could... Read the full narrative on Amalgamated Financial (it's free!) Amalgamated Financial's narrative projects $440.0 million revenue and $147.9 million earnings by 2029. This requires 12.1% yearly revenue growth and a $43.5 million earnings increase from $104.4 million today. Uncover how Amalgamated Financial's forecasts yield a $42.00 fair value, a 7% upside to its current price. Some of the most optimistic analysts were assuming revenues of about US$438.5 million and earnings near US$160.9 million by 2028, so if you see insider selling alongside those bullish expectations, it is a reminder that views on Amalgamated’s future can diff...

Let’s dig into the relative performance of Amalgamated Financial (NASDAQ:AMAL) and its peers as we unravel the now-completed Q4 regional banks earnings season. Regional banks, financial institutions operating within specific geographic areas, serve as intermediaries between local depositors and borrowers. They benefit from rising interest rates that improve net interest margins (the difference between loan yields and deposit costs), digital transformation reducing operational expenses, and local economic growth driving loan demand. However, these banks face headwinds from fintech competition, deposit outflows to higher-yielding alternatives, credit deterioration (increasing loan defaults) during economic slowdowns, and regulatory compliance costs. Recent concerns about regional bank stability following high-profile failures and significant commercial real estate exposure present additional challenges. The 95 regional banks stocks we track reported a satisfactory Q4. As a group, revenues beat analysts’ consensus estimates by 1.5%. In light of this news, share prices of the companies have held steady as they are up 4.1% on average since the latest earnings results. Founded in 1923 by labor unions seeking a financial institution aligned with worker values, Amalgamated Financial (NASDAQGM:AMAL) operates a values-oriented bank that provides commercial banking, trust services, and investment management to socially responsible organizations and individuals. Amalgamated Financial reported revenues of $87.91 million, up 6.5% year on year. This print exceeded analysts’ expectations by 2.2%. Overall, it was a strong quarter for the company with an impressive beat of analysts’ revenue estimates and a solid beat of analysts’ net interest income estimates. Priscilla Sims Brown, President and Chief Executive Officer, commented, “We had a record breaking quarter for deposit gathering, generating nearly $1 billion of new deposits across all of our customer segments. This demonstrates the mission-aligned, differentiated competitive advantage that only Amalgamated possesses. We now look forward to driving the next phase of Amalgamated’s growth, and building on this solid foundation.” Interestingly, the stock is up 13.1% since reporting and currently trades at $40.75. We think Amalgamated Financial is a good business, but is it a buy today? Read our full report here, it’s free....

Amalgamated Financial’s fourth quarter results were met with a positive market reaction, reflecting management’s emphasis on robust deposit gathering and sustained loan growth. CEO Priscilla Sims Brown credited the quarter’s performance to record-breaking deposit inflows across all customer segments and a significant increase in multifamily and commercial lending. CFO Jason Darby added that improvements in net interest margin and disciplined expense management contributed to overall earnings consistency, despite isolated credit challenges in the multifamily portfolio. Is now the time to buy AMAL? Find out in our full research report (it’s free). Revenue: $87.91 million vs analyst estimates of $85.98 million (6.5% year-on-year growth, 2.2% beat) Adjusted EPS: $0.99 vs analyst estimates of $0.91 (9.4% beat) Adjusted Operating Income: $37.42 million (42.6% margin, flat year on year) Market Capitalization: $1.12 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Mark Fitzgibbon (Piper Sandler) asked about credit provision outlook for 2026. CFO Jason Darby explained that provision expenses should remain stable, with a conservative approach maintained given recent credit events. Mark Fitzgibbon (Piper Sandler) inquired about political deposit trends leading up to the election. CEO Priscilla Sims Brown and Chief Banking Officer Sam Brown agreed that deposits typically peak before elections, and current momentum is expected to surpass prior cycles. Mark Fitzgibbon (Piper Sandler) questioned geographic diversification in multifamily loan growth. Sam Brown confirmed that nearly half of new multifamily loans originated outside New York City, supporting the bank’s diversification strategy. David Konrad (KBW) asked about net interest margin drivers and loan yield outlook. Darby detailed benefits from lower funding costs, ongoing loan repricing, and strong yields in C&I and CRE portfolios. David Konrad (KBW) followed up on PACE portfolio concentration. Darby explained that there are no immediate constraints on expanding commercial PACE assets, and Sam Brown highlighted its growing importance for earnings. In the coming quart...