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Amalgamated Bank (AMAL)
NASDAQ:AMAL
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.99Last Year’s EPS
0.88Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational momentum — record deposit gathering, NIM expansion, solid loan growth (particularly in growth-mode portfolios), PACE acceleration, improving revenue diversification, and constructive 2026 guidance including higher NII and profitability targets. These positives were tempered by isolated credit stress in a D.C. multifamily relationship, elevated charge-offs tied to certain portfolios (including consumer solar), a modest loss on a residential loan sale, and planned increases in operating and technology spending. Management believes reserves are adequate and emphasized disciplined growth backed by capital and liquidity, which supports a constructive outlook despite some credit and expense headwinds.Company Guidance
Record Deposit Gathering
Generated nearly $1.0 billion of new deposits in the quarter. On-balance sheet deposits grew $179 million to $7.9 billion, off-balance sheet deposits increased $789 million to $1.1 billion, and political deposits rose $287 million to $1.7 billion. All customer segments showed deposit growth (Not-for-profit +$388M, Social & Philanthropy +$122M, Climate & Sustainability +$77M).
Net Interest Margin and Net Interest Income Expansion
Net interest margin expanded 6 basis points to 3.66% in the quarter driven by a 16 basis point decline in cost of funds. Net interest income increased 1% to $77.9 million, exceeding the high end of guidance for the quarter.
Loan Growth and Growth-Mode Portfolio Momentum
Total loans increased $167 million, or 3.5%, to $4.9 billion. Growth-mode portfolios (multifamily, CRE, C&I) grew $218 million or 7% quarter-over-quarter. Quarterly momentum supports guidance for 1.5%–2% quarterly net loan growth in 2026.
PACE Portfolio Acceleration
Total PACE assessments rose $38 million or 3% to $1.3 billion in the quarter, including over $27 million of C-PACE growth. Management highlighted C-PACE as a high-yield growth opportunity and expects to scale volume via a new originator partnership.
Consistent Earnings and Capital Actions
Core net income (non-GAAP) was $30.0 million or $0.99 per diluted share; GAAP net income was $26.6 million or $0.88 per diluted share. Tangible book value per share rose $0.87 (3.4%). Returned capital via $8.7 million of buybacks and raised the quarterly dividend by $0.03 to $0.17.
Improving Revenue Diversification and Efficiency
Core noninterest income was $10.1 million and represented 11.4% of core revenue, showing steady improvement toward the bank's revenue diversification objective. Core efficiency ratio was 51.13% and core operating expense was $44.9 million for the quarter, in line with the $170 million annual target.
Strong Capital and Regulatory Metrics
Tier 1 leverage ratio reported at 9.36%, and management emphasized above-peer capital ratios and a focus on maintaining capital consistent with balance sheet growth plans toward a $10B+ asset target.
2026 Financial Guidance and Growth Targets
2026 guidance: Net interest income of $327M–$331M (≈10%–11% growth); core pre-tax pre-provision earnings $180M–$183M (9%–10% growth); core ROTCE target ~15%; balance sheet growth ~5%; tech spend growth ~18% and annual core OpEx to $188M. Management reiterated readiness to scale to $10+ billion in assets.
AMAL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AMAL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 22, 2026 | $36.03 | $38.44 | +6.69% |
Oct 23, 2025 | $26.54 | $27.31 | +2.89% |
Jul 24, 2025 | $32.89 | $30.21 | -8.16% |
Apr 24, 2025 | $27.70 | $27.30 | -1.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Amalgamated Bank (AMAL) report earnings?
Amalgamated Bank (AMAL) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Amalgamated Bank (AMAL) earnings time?
Amalgamated Bank (AMAL) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AMAL EPS forecast?
AMAL EPS forecast for the fiscal quarter 2026 (Q1) is 0.99.