Amalgamated Financial (NASDAQ:AMAL) Announces Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Amalgamated Financial (NASDAQ:AMAL) issued its quarterly earnings results on Thursday. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.08, FiscalAI reports. Amalgamated Financial had a net margin of 23.05% and a return on equity of 14.80%. The business had revenue of $87.91 million for the quarter, compared to analysts’ expectations of $85.37 million.

Here are the key takeaways from Amalgamated Financial’s conference call:

• Amalgamated reported a record deposit quarter with nearly $1 billion of new deposits (on‑balance $179M to $7.9B; off‑balance $789M to $1.1B) and political deposits rising to $1.7B, showing broad, mission‑aligned inflows across customer segments.
• Loans grew strongly with almost $170 million in net new lending (loans +3.5% to $4.9B; growth portfolios +7%) while NIM expanded to 3.66% and net interest income rose, helped by CPACE/PACE origination momentum.
• 2026 guidance targets continued expansion: net interest income of $327–331M (~10–11% growth), core pre‑tax/pre‑provision earnings of $180–183M, a 15% core ROTCE target, ~5% balance‑sheet growth and quarterly loan growth of 1.5–2%.
• Credit turbulence from a stressed Washington, D.C. Rapid Rehousing borrower drove a $7.5M increase in non‑accrual multifamily and $1.9M of additional reserves, contributing to elevated charge‑offs and a marked‑for‑sale multifamily asset.
• Management changed tax accounting to run certain tax credits through the tax provision (targeting a ~26.5% ETR with upside), and returned capital via $8.7M of buybacks plus a dividend raise to $0.17, signaling confidence in 2026 earnings.

Amalgamated Financial Stock Down 1.1%

AMAL stock opened at $38.02 on Friday. The stock’s 50 day simple moving average is $32.13 and its 200 day simple moving average is $29.91. The company has a market cap of $1.14 billion, a P/E ratio of 11.15 and a beta of 0.82. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 0.64. Amalgamated Financial has a fifty-two week low of $25.03 and a fifty-two week high of $39.34.

Amalgamated Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Tuesday, February 3rd will be paid a dividend of $0.17 per share. This is an increase from Amalgamated Financial’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Tuesday, February 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 1.8%. Amalgamated Financial’s dividend payout ratio (DPR) is currently 16.87%.

More Amalgamated Financial News

Here are the key news stories impacting Amalgamated Financial this week:

• Positive Sentiment: Q4 earnings beat and strong profitability: AMAL reported $0.99 GAAP/core EPS vs. ~$0.91 expected and highlighted solid margins and core net income, which supports valuation metrics and investor confidence. Q4 Results & Deposit Growth (Business Wire)
• Positive Sentiment: Record deposit inflows: management reported nearly $1 billion of linked‑quarter deposit growth, improving funding mix and supporting near‑term NII expansion and liquidity. Q4 Deep Dive — Deposit Growth (Yahoo Finance)
• Positive Sentiment: Management guidance for growth: the bank is targeting 10%–11% net interest income growth in 2026 and plans to grow political deposit relationships and its C‑PACE lending portfolio — a clear NII/fee growth lever. NII Guidance & Growth Plans (Seeking Alpha)
• Positive Sentiment: Dividend increase: the board raised the quarterly dividend (reported ~21% hike), which can attract income investors and signals management comfort with capital — watch capital ratios for sustainability. Dividend Hike Analysis (Yahoo)
• Neutral Sentiment: Primary materials available: the full earnings slide deck and call transcript are published for deeper review of reserves, asset quality and margin drivers — investors will parse these for sustainability. Earnings Call Transcript (MSN)
• Neutral Sentiment: Mixed revenue headlines: most outlets show revenue roughly in line or slightly above consensus (~$87.9M vs. ~$85.4M), but one report characterized it as a miss — differing baselines have created short‑term confusion. Mixed Revenue Coverage (Yahoo)
• Neutral Sentiment: Analyst/street view: consensus remains around a Hold with a ~ $33.50 average target — limited analyst coverage and modest PTs temper upside despite strong execution.
• Negative Sentiment: Executive insider sale: EVP Sam D. Brown sold 5,151 shares (~$182.9k at ~$35.50), trimming his stake ~8.8% — such sales can be viewed negatively by some investors even when routine. Insider Sale Disclosure (InsiderTrades)

Analysts Set New Price Targets

AMAL has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Amalgamated Financial in a research note on Monday, December 29th. Piper Sandler raised Amalgamated Financial from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $27.00 to $28.00 in a research note on Wednesday, November 19th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $33.50.

Insider Transactions at Amalgamated Financial

In other news, Director Lynne P. Fox sold 8,949 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $27.34, for a total transaction of $244,665.66. Following the transaction, the director directly owned 22,276 shares of the company’s stock, valued at $609,025.84. This represents a 28.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Sam D. Brown sold 5,151 shares of the stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $35.50, for a total value of $182,860.50. Following the completion of the transaction, the executive vice president owned 53,232 shares in the company, valued at approximately $1,889,736. This represents a 8.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 27,494 shares of company stock worth $793,718. Insiders own 1.29% of the company’s stock.

Institutional Investors Weigh In On Amalgamated Financial

Several hedge funds and other institutional investors have recently made changes to their positions in AMAL. Osaic Holdings Inc. raised its holdings in shares of Amalgamated Financial by 56.7% in the 2nd quarter. Osaic Holdings Inc. now owns 1,080 shares of the company’s stock worth $34,000 after acquiring an additional 391 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Amalgamated Financial by 140.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,014 shares of the company’s stock worth $63,000 after purchasing an additional 1,177 shares in the last quarter. Quadrant Capital Group LLC purchased a new stake in shares of Amalgamated Financial in the third quarter worth approximately $77,000. Parallel Advisors LLC lifted its holdings in shares of Amalgamated Financial by 74.4% in the third quarter. Parallel Advisors LLC now owns 2,905 shares of the company’s stock valued at $79,000 after purchasing an additional 1,239 shares in the last quarter. Finally, Prelude Capital Management LLC purchased a new position in shares of Amalgamated Financial during the third quarter valued at approximately $205,000. 75.93% of the stock is owned by institutional investors.

Amalgamated Financial Company Profile

Amalgamated Financial Corp. (NASDAQ: AMAL) is the bank holding company for Amalgamated Bank, a fully insured commercial bank with a historic mission of serving labor unions, progressive non-profits and mission-driven organizations. Founded in 1923 by the Amalgamated Clothing Workers of America, Amalgamated Bank has grown into a national institution offering a broad suite of banking services, including deposit accounts, commercial and consumer lending, cash management, and treasury solutions tailored to organizations with social responsibility or union affiliations.

In addition to core banking, Amalgamated Financial provides wealth management and trust services, retirement plan consulting and impact investing strategies.