Amalgamated Bank (AMAL)
NASDAQ:AMAL
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1Last 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 commercial execution: double‑digit revenue growth, deposit and loan growth, margin expansion, improved efficiency and raised 2026 guidance and balance‑sheet targets. The primary negative was a concentrated single‑borrower multifamily credit event that required a sizable specific reserve ($9.2M incremental; $11.1M on the relationship), which increased nonperforming assets and added near‑term earnings volatility and uncertainty around resolution timing. On balance, management portrays the credit action as isolated, emphasized conservative reserving, and highlighted resilient fundamentals and raised guidance.Company Guidance
Top-line Revenue Growth
Net revenue rose 9.7% year-over-year to $93.4 million, underpinning the quarter's strong performance.
Net Interest Income and Margin Expansion
Net interest income increased 3% to $80.2 million and net interest margin expanded 9 basis points to 3.75%, driven by higher-yielding commercial loan originations and modest reductions in funding costs.
Deposit Franchise Strength and Mix Improvement
On‑balance sheet deposits grew $229 million to $8.2 billion. Political deposits increased $133 million to $1.9 billion ahead of midterms; labor deposits grew $106 million and not‑for‑profit deposits grew $115 million. Average noninterest‑bearing deposits rose to 41% of total deposits and super‑core deposits are approaching 60% of on‑balance sheet deposits, highlighting stable, low‑cost funding.
Loan Growth in Targeted Portfolios
Net loans increased by approximately $66 million (about 1.3%), while loans in growth categories (C&I, commercial real estate and multifamily) grew $109 million (3.3%), led by commercial real estate originations.
PACE Portfolio Expansion
PACE portfolio assessments increased by $15.8 million (1.2%), bringing the PACE portfolio to approximately $1.3 billion, contributing to asset growth and yield.
Earnings and Core Earnings Resilience
GAAP net income was $25.2 million ($0.84 diluted EPS); core net income (non‑GAAP) was $24.1 million ($0.80 diluted EPS). Excluding the reserve build, return on average assets would have been 1.41% and return on tangible common equity 15.76%.
Noninterest Income Progress
Core noninterest income rose $1.1 million to $11.2 million, helped by higher commercial banking fees and discrete billing income; ICS fee income increased $1 million sequentially and is expected to remain strong in 2026. Management expects fee income roughly $9.8M–$10M per quarter.
Cost Management and Efficiency
Expenses decreased $0.5 million overall; core expenses rose modestly by $0.3 million to $45.3 million due to branch renovation/relocation and professional fees but are tracking to a $188 million full‑year target. Core efficiency ratio improved to 49.55%.
Capital Strength and Milestones
Tier 1 leverage capital remained strong at 9.33%; revenue per share exceeded $3 for the first time in the bank's history.
Raised 2026 Guidance and Growth Targets
Management raised targets: net interest income guidance to $333 million and core pre‑tax, pre‑provision earnings to $183 million, and increased the annual balance sheet growth target to ~8% (targeting roughly $9.6 billion in assets). Q2 net interest income is estimated at $81M–$83M.
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 |
|---|---|---|---|
Apr 23, 2026 | $42.13 | $40.20 | -4.59% |
Jan 22, 2026 | $35.73 | $38.12 | +6.69% |
Oct 23, 2025 | $26.32 | $27.08 | +2.89% |
Jul 24, 2025 | $32.61 | $29.95 | -8.16% |
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 Jul 23, 2026, Before Open (Confirmed).
What is Amalgamated Bank (AMAL) earnings time?
Amalgamated Bank (AMAL) earnings time is at Jul 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 (Q2) is 1.