Amalgamated Financial (NASDAQ:AMAL) Releases Earnings Results, Misses Expectations By $0.18 EPS

Amalgamated Financial (NASDAQ:AMAL) released its earnings results on Thursday. The company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.18), FiscalAI reports. Amalgamated Financial had a return on equity of 14.60% and a net margin of 23.05%.The business had revenue of $91.36 million during the quarter, compared to analysts’ expectations of $91.16 million.

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

• Net revenue rose 9.7% to $93.4 million, net income was $25.2 million ($0.84/share) and NIM expanded 9 bps to 3.75%, while Tier 1 capital remained strong above 9.3%.
• The bank recorded an incremental $9.2 million provision tied to a single multifamily borrower that moved to non?accrual (relationship reserves now $11.1 million), pushing non?performing assets to $99.3 million (1.08% of assets); management calls this borrower?specific and is pursuing resolution options.
• The deposit franchise strengthened with on?balance?sheet deposits up $229 million to $8.2 billion, political deposits up $133 million to $1.9 billion, average non?interest?bearing deposits at 41%, and super?core deposits approaching 60% of on?balance?sheet funding.
• Management raised 2026 targets — net interest income to about $333 million, core pre?tax/pre?provision earnings to $183 million, and an annual balance?sheet growth target of ~8% (aiming for ~$9.6 billion in assets), with Q2 NII guided to $81–83 million.

Amalgamated Financial Stock Down 4.6%

Amalgamated Financial stock opened at $40.37 on Friday. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 11.84 and a beta of 0.82. The stock has a fifty day simple moving average of $39.68 and a two-hundred day simple moving average of $34.51. Amalgamated Financial has a 12 month low of $25.13 and a 12 month high of $44.01. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.09.

Amalgamated Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Tuesday, May 5th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, May 5th. Amalgamated Financial’s dividend payout ratio (DPR) is currently 19.94%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AMAL shares. Weiss Ratings raised shares of Amalgamated Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 26th. Piper Sandler began coverage on Amalgamated Financial in a research note on Monday, March 16th. They issued a “neutral” rating and a $41.00 price target on the stock. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Key Amalgamated Financial News

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

• Positive Sentiment: Company raised 2026 net interest income target to $333M and signaled a strategic shift to roughly 8% balance-sheet growth, which supports revenue and NII visibility for the year. Article Link
• Positive Sentiment: Management reported revenue growth and margin expansion — net revenue up, net interest margin improved and guidance was raised following the quarter. This is supportive of longer-term profitability. Article Link
• Neutral Sentiment: Top-line was essentially in line: Q1 revenue ~$91.4M versus analyst ~$91.2M, so the quarter showed steady revenue but no major surprise on sales. Article Link
• Negative Sentiment: Earnings per share missed consensus — $0.80 reported vs. ~$0.98 expected — which is the primary driver of the selloff as it suggests near-term profitability fell short of investor expectations. Article Link
• Negative Sentiment: Analysts and news outlets flagged credit-related items and higher provisioning that raised concern about asset quality and could pressure future earnings, intensifying the negative reaction. Article Link
• Negative Sentiment: Street commentary and transcripts emphasize the EPS miss and reserve/credit commentary as the reason for shares sliding despite better-than-expected revenue and raised NII guidance. Article Link

Insider Buying and Selling at Amalgamated Financial

In related news, EVP Tyrone Graham sold 2,285 shares of Amalgamated Financial stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $39.91, for a total value of $91,194.35. Following the completion of the sale, the executive vice president directly owned 13,443 shares in the company, valued at approximately $536,510.13. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sean Searby sold 4,948 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $39.42, for a total value of $195,050.16. Following the completion of the transaction, the executive vice president directly owned 23,055 shares of the company’s stock, valued at approximately $908,828.10. This trade represents a 17.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,482 shares of company stock valued at $335,658 in the last 90 days. Company insiders own 1.63% of the company’s stock.

Institutional Trading of Amalgamated Financial

A number of institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Amalgamated Financial by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,654 shares of the company’s stock valued at $306,000 after purchasing an additional 468 shares during the period. Aquatic Capital Management LLC boosted its holdings in Amalgamated Financial by 37.4% in the third quarter. Aquatic Capital Management LLC now owns 10,977 shares of the company’s stock worth $298,000 after purchasing an additional 2,986 shares during the last quarter. Integrated Quantitative Investments LLC bought a new stake in Amalgamated Financial in the 4th quarter worth approximately $296,000. New York State Common Retirement Fund grew its position in Amalgamated Financial by 22.6% in the 2nd quarter. New York State Common Retirement Fund now owns 8,349 shares of the company’s stock worth $260,000 after purchasing an additional 1,538 shares during the period. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Amalgamated Financial during the 3rd quarter valued at $233,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.

About Amalgamated Financial

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.