Amalgamated Financial Earnings Call Transcripts
Fiscal Year 2026
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The meeting confirmed strong financial results for 2025 and Q1 2026, with all board nominees elected, executive compensation approved, and Crowe LLP ratified as auditor. Strategic growth in lending and deposits, technology adoption, and robust capital ratios were highlighted.
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Net revenue grew 9.7% to $93.4 million, with strong deposit and loan growth across core segments. Despite a $9.2 million reserve for a single borrower default, core EPS was $0.80 and guidance for 2026 was raised, reflecting confidence in continued growth and risk management.
Fiscal Year 2025
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Q4 2025 saw record deposit and loan growth, margin expansion, and strong profitability, with broad-based deposit gains and robust multifamily and PACE lending. 2026 guidance targets double-digit revenue and earnings growth, continued margin expansion, and increased shareholder returns.
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Core EPS grew to $0.91 in Q3, with strong deposit and loan growth, improved credit quality, and robust segment performance. Guidance for 2025 was raised, and digital modernization is driving operational gains.
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Q2 2025 saw strong core EPS, robust deposit and loan growth, and recognition as a top-performing bank. Guidance for 2025 is maintained, with continued investment in digital and talent to drive future growth. Credit quality remains well-managed despite isolated stress in consumer solar.
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Q1 2025 results met guidance with strong core EPS, robust deposit growth, and high capital ratios. Full-year outlook and guidance remain unchanged, with continued focus on digital transformation, conservative risk management, and aggressive capital return to shareholders.
Fiscal Year 2024
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Delivered record 2024 earnings with strong loan and deposit growth, increased capital, and a 17% dividend hike. 2025 guidance targets continued revenue and loan growth, with investments in technology and sustainable lending to drive future performance.
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Q3 saw strong deposit and loan growth, record profitability, and capital expansion, with political and sustainable segments leading. Guidance was tightened for 2024, and the bank targets a 9% Tier 1 leverage ratio by early 2025.
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Second quarter results featured strong deposit and loan growth, robust earnings, and improved capital ratios. Raised 2024 guidance, expect continued margin expansion, and remain well positioned for political deposit outflows and climate finance opportunities.