Amalgamated Financial Corp. (AMAL)
| Market Cap | 1.05B |
| Revenue (ttm) | 304.29M |
| Net Income (ttm) | 106.43M |
| Shares Out | 30.67M |
| EPS (ttm) | 3.44 |
| PE Ratio | 9.91 |
| Forward PE | 9.61 |
| Dividend | $0.56 (1.64%) |
| Ex-Dividend Date | Feb 11, 2025 |
| Volume | 92,424 |
| Open | 35.90 |
| Previous Close | 35.28 |
| Day's Range | 33.84 - 34.82 |
| 52-Week Range | 21.33 - 38.19 |
| Beta | 0.91 |
| Analysts | Buy |
| Price Target | 36.13 (+5.94%) |
| Earnings Date | Jan 23, 2025 |
About AMAL
Amalgamated Financial Corp. operates as the bank holding company for Amalgamated Bank that provides commercial and retail banking, investment management, and trust and custody services for commercial and retail customers in the United States. The company accepts various deposit products, including non-interest bearing accounts, interest-bearing demand products, savings accounts, money market accounts, NOW accounts, and certificates of deposit. It also provides various commercial loans comprising commercial and industrial, multifamily mortgage, ... [Read more]
Financial Performance
In 2024, Amalgamated Financial's revenue was $304.29 million, an increase of 10.82% compared to the previous year's $274.58 million. Earnings were $106.43 million, an increase of 20.98%.
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for AMAL stock is "Buy." The 12-month stock price forecast is $36.13, which is an increase of 5.94% from the latest price.
News
Bank stocks pop after Fed releases 'easier' 2025 stress test, plans to make exam more predictable
Bank shares rose Thursday after the Federal Reserve released parameters for its annual industry stress test showing smaller hypothetical shocks to the U.S. economy than in previous years. While still ...
Amalgamated Financial Corp. (AMAL) Q4 2024 Earnings Call Transcript
Amalgamated Financial Corp. (NASDAQ:AMAL) Q4 2024 Earnings Conference Call January 23, 2025 11:00 AM ET Company Participants Jason Darby - Chief Financial Officer Priscilla Sims Brown - President & C...
Amalgamated Financial Corp. Reports Fourth Quarter 2024 Financial Results: Solid Loan Growth; Net Interest Margin Rises to 3.59%
Common Equity Tier 1 Capital Ratio of 13.90% | Tangible Common Equity Ratio of 8.41% Common Equity Tier 1 Capital Ratio of 13.90% | Tangible Common Equity Ratio of 8.41%
Amalgamated Financial Corp. Announces a 17% Quarterly Dividend Increase
NEW YORK, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its Board of Directors has authorized a $0.02 increase, or ...
Amalgamated Financial Corp. Announces Fourth Quarter and Full Year 2024 Earnings Conference Call
NEW YORK, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its fourth quarter and full year 2024 financial results wil...
Amalgamated Financial: Still Bullish After Terrific Upside
Amalgamated Financial, focusing on mission-based customer segments, has seen significant growth in deposits, loans, and net interest income, making it a strong investment. Shares have risen 37.1% sinc...
Amalgamated Financial Corp. (AMAL) Q3 2024 Earnings Call Transcript
Amalgamated Financial Corp. (NASDAQ:AMAL) Q3 2024 Earnings Conference Call October 24, 2024 11:00 AM ET Company Participants Priscilla Sims Brown – President and Chief Executive Officer Jason Darby –...
Amalgamated Financial Corp. Reports Record Third Quarter 2024 Financial Results; Margin Expands to 3.51%; Return on Average Assets of 1.32%
YoY Tangible Book Value per share Growth of 27.9% | Deposits Higher by $311 million YoY Tangible Book Value per share Growth of 27.9% | Deposits Higher by $311 million
Amalgamated Financial Corp. Declares Regular Quarterly Dividend
NEW YORK, Oct. 22, 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 c...
Amalgamated Financial Corp. Announces Third Quarter 2024 Earnings Conference Call
NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its third quarter 2024 financial results will be released b...
Amalgamated Financial: A Positive Outlook Due To Political Deposits And Organic Loan Growth
Earnings will benefit this year from on and off-balance sheet political deposits. The residential mortgage segment will likely drive loan growth next year. It will counter the negative effect of inter...
Amalgamated Bank Issues Annual Environmental, Social and Governance Report for 2023
NEW YORK, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (Nasdaq: AMAL), today announced the publication of its 2023 Environmental, Social and Governa...
Amalgamated Announces the Appointment of Nicole Steele and Emily Robichaux as Directors of Climate Partnerships
NEW YORK--(BUSINESS WIRE)--Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced the appointment of Nicole Steele as Director of Climate Partnership Banking and E...
Amalgamated Financial Corp. (AMAL) Q2 2024 Earnings Call Transcript
Amalgamated Financial Corp. (NASDAQ:AMAL) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Jason Darby - Senior Executive Vice President & Chief Financial Officer Prisc...
Amalgamated Financial Corp. Reports Second Quarter 2024 Financial Results; Continued Stellar Deposit Growth; Return on Average Assets of 1.30%
YoY Tangible Book Value per share Growth of 22.8% | Net Interest Margin of 3.46% YoY Tangible Book Value per share Growth of 22.8% | Net Interest Margin of 3.46%
Amalgamated Financial Corp. Announces Second Quarter 2024 Earnings Conference Call
NEW YORK, July 11, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its second quarter 2024 financial results will be released ...
Blue Wolf Capital Names Steve Sleigh Senior Advisor
NEW YORK--(BUSINESS WIRE)--Blue Wolf Capital Partners LLC (“Blue Wolf”), a middle market private equity firm specializing in the industrial and healthcare sectors, today announced that Steve Sleigh wi...
Amalgamated Financial: Decent Enough
Amalgamated Financial is a growing bank with a strong track record of rapid growth and high-quality assets. The bank offers a wide range of banking services, including loans, deposits, and investment ...
Amalgamated Financial Corp. Commits Additional $85 Million to Finance R-PACE Assessments
NEW YORK, May 15, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) announced that the Company has extended its commitment to invest in Residential P...
Amalgamated Financial Corp. Announces Completion of Three Oregon Community Solar Program Projects
Three Additional Developments Expected to Reach Mechanical Completion by the end of Third Quarter 2024 Three Additional Developments Expected to Reach Mechanical Completion by the end of Third Quarter...
Amalgamated Financial Corp. (AMAL) Q1 2024 Earnings Call Transcript
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 Prisc...
Amalgamated Financial Corp. Reports First Quarter 2024 Financial Results; Stellar Deposit Growth; Net Interest Margin Rises to 3.49%
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%
CORRECTION: Amalgamated Financial Corp. Announces a 20% Quarterly Dividend Increase
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%,...
Amalgamated Financial Corp. Announces a 50% 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 th...
Banks are well-positioned in this environment, says Amalgamated Bank CEO
Priscilla Sims Brown, Amalgamated Bank CEO, joins ‘The Exchange' to discuss how banks are positioned in the current environment, how unique her banks' business model is, and more.