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Amalgamated Bank (AMAL)
:AMAL
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.8Last Year’s EPS
0.83Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 23, 2025
|% Change Since: -27.22%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with record earnings, increased deposits, and improved margins, despite challenges like political deposit declines and criticized asset increases. The bank's strategic investments and conservative risk management position it well for future growth.Company Guidance
During the Amalgamated Financial Fourth Quarter and Full-Year 2024 Earnings Conference Call, guidance for 2025 was outlined with a focus on strategic growth and investment. The company aims for 2% quarterly loan growth, facilitated by shrinking the securities portfolio, and plans to enhance its commercial and industrial lending business. Full-year 2025 guidance includes core pre-tax pre-provision earnings of $159 million to $163 million and net interest income of $293 million to $297 million, accounting for potential interest rate cuts. The bank plans to invest approximately $170 million in expenses, a 6% increase from 2024, to support technology and sales initiatives. Additionally, Amalgamated is targeting a quarterly 20% to 25% total payout ratio, including dividends and share repurchases, amidst a strong capital position with a CET1 ratio of 13.9%. The 2025 strategy also emphasizes sustainable lending growth, with expectations for $150 million in net PACE lending and a balanced loan portfolio to maintain conservative commercial real estate concentrations.Near-Record Core Earnings Per Share
Amalgamated posted a near-record quarter with $0.90 core earnings per share, showcasing strong earnings and profitability.
Significant Growth in Political Deposits
Ending political deposits were $326 million or 50.6% higher than the previous election cycle, totaling nearly $1 billion.
Record Full-Year Earnings
For the full year, Amalgamated delivered record earnings of $106.4 million, driven by strong loan growth and expanding margins.
Positive Deposit Growth
Total deposits, excluding brokered CDs, increased by $410.8 million or over 6% in a year where many banks faced negative deposit growth.
Improved Capital Position
Amalgamated built capital throughout the year, positioning it to reinvest in the business and return capital to shareholders.
Increase in Net Interest Margin
Net interest margin increased to 3.59% despite deposit remixing, with a notable 8 basis point increase from the previous quarter.
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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
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AMAL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 23, 2025 | $36.45 | $34.66 | -4.91% |
| Oct 24, 2024 | $33.72 | $33.28 | -1.30% |
| Jul 25, 2024 | $31.50 | $30.93 | -1.81% |
| Apr 25, 2024 | $23.58 | $23.50 | -0.34% |
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.
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FAQ
When does Amalgamated Bank (AMAL) report earnings?
Amalgamated Bank (AMAL) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Amalgamated Bank (AMAL) earnings time?
Amalgamated Bank (AMAL) earnings time is at Apr 24, 2025, TBA Not 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 2025 (Q1) is 0.8.
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