Want to see AMAL full AI Analyst Report?
Top Page
Amalgamated Bank
(NASDAQ:AMAL)
Select Model
Select Model
Rating:80Outperform
Price Target:
$58.00
▲(17.31% Upside)
Action:Reiterated
Date:08/07/26
AMAL scores well primarily on strong underlying financial performance (healthy profitability and markedly improved leverage) and a bullish technical setup (price above all key moving averages with positive MACD/RSI). The latest earnings call further supports the score with raised full-year guidance and solid growth/credit commentary, while valuation is reasonable but not deeply compelling and near-term expense and margin pressures are key watch items.
Positive Factors
Strong Profitability
Consistent net margins in the low-to-mid 20% and an EBIT margin near 31% TTM indicate durable operating profitability. This level of margin supports internal reinvestment, dividends and buybacks, and provides a cushion versus credit or revenue shocks, underpinning sustainable earnings power.
Negative Factors
Elevated Expense Run-Rate
Sustained higher compensation and layered technology investments raise the structural cost base, pressuring efficiency metrics. If revenue or NII growth slows, persistent elevated expenses could compress pre-provision earnings and require more time or scale to realize expected efficiency gains.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Profitability
Consistent net margins in the low-to-mid 20% and an EBIT margin near 31% TTM indicate durable operating profitability. This level of margin supports internal reinvestment, dividends and buybacks, and provides a cushion versus credit or revenue shocks, underpinning sustainable earnings power.
Read all positive factors
Amalgamated Bank (AMAL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.49B
Dividend Yield1.32%
Average Volume (3M)178.76K
Price to Earnings (P/E)13.0
Beta (1Y)0.82
Revenue Growth9.56%
EPS Growth12.20%
CountryUS
Employees450
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.79
Shares Outstanding29,900,146
10 Day Avg. Volume199,829
30 Day Avg. Volume178,762
Financial Highlights & Ratios
PEG Ratio-10.77
Price to Book (P/B)1.21
Price to Sales (P/S)2.11
P/FCF Ratio7.13
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$53.50Price Target Upside8.21% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)3.93
Revenue Forecast (FY)$378.02M
Amalgamated Bank Business Overview & Revenue Model
Company Description
Amalgamated Financial Corp., established in New York in 1923, operates as the parent company for Amalgamated Bank. This institution delivers a comprehensive array of financial services, including commercial and retail banking, investment managemen...
How the Company Makes Money
Amalgamated Bank primarily earns revenue through (1) net interest income and (2) non-interest income. Net interest income is generated by collecting interest and fees on loans and interest-earning assets (such as commercial and consumer loans and ...
Amalgamated Bank Earnings Call Summary
Earnings Call Date:Jul 23, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 22, 2026
Earnings Call Sentiment Positive
The call emphasized record financial performance—record net income, strong profitability metrics, revenue near $100M, robust deposit and loan growth, and upward revisions to full-year guidance—while acknowledging near-term headwinds from elevated expenses, potential Q4 margin moderation, and funding/timing risks tied to political deposit cycles and off-balance-sheet usage. Management is positioning the bank for scalable, sustainable growth via continued investments in technology and AI, and maintains a positive outlook on credit quality and near-term earnings runway.Positive Updates
Record Earnings and Profitability
Net income of $34.8 million and core net income of $33.1 million; return on average assets > 1.4% and return on tangible common equity > 16%; core efficiency ratio 49.15% (below 50%), demonstrating strong profitability and operating leverage.
Negative Updates
Elevated Expense Run-Rate and Guidance Increase
Higher compensation and technology investments are driving elevated expenses; management expects Q3 and Q4 operating expense run-rates near $49 million each quarter, which pushes full-year expense guidance from $188 million toward approximately $190 million.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Earnings and Profitability
Net income of $34.8 million and core net income of $33.1 million; return on average assets > 1.4% and return on tangible common equity > 16%; core efficiency ratio 49.15% (below 50%), demonstrating strong profitability and operating leverage.
Read all positive updates
Company Guidance
Management raised full‑year guidance, increasing net interest income to $338–$340 million (from a prior high‑end of $333M) and core pre‑tax, pre‑provision earnings to $188–$190 million (from $185M), and nudging total expense guidance to about $190 million (with ~ $49M targeted in each of Q3 and Q4). Those upgrades were supported by Q2 results — record net income $34.8M (core $33.1M), revenue ≈ $98M, revenue per share $3.18, ROAA >1.4%, ROTCE >16% and a core efficiency ratio of 49.15% — and by balance‑sheet momentum: deposits +$280M (3.4%) to $8.5B (political deposits +$212M to $2.1B; off‑balance‑sheet >$1B), total loans +$115M (commercial growth +$155M, +4.5%), $39M redeployed from runoff, and a target asset level of $9.6B by Q3 with off‑balance‑sheet deposits and leverage expected near zero by year‑end. Credit and yield items underpinning the guidance included normalized provision expense, criticized/classified balances down ~$9M with ~97% of loans pass rated, new asset blended yields roughly 5.7–6% (netting to ~4.1% after cost of funds), a 3 bp prepayment penalty impact largely offset by a similar non‑accrual recapture, and an expectation of modest margin moderation (possible Q4 compression) but a modestly upward NII trajectory and significant runway into 2027.Amalgamated Bank Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 485.42M | 455.03M | 435.34M | 382.48M | 285.16M | 208.76M |
| Gross Profit | 338.80M | 319.80M | 306.19M | 271.05M | 251.51M | 202.83M |
| EBITDA | 156.66M | 144.97M | 151.02M | 131.13M | 118.51M | 75.57M |
| Net Income | 113.42M | 104.45M | 106.43M | 87.98M | 81.48M | 52.94M |
Balance Sheet | ||||||
| Total Assets | 9.41B | 8.87B | 8.26B | 7.97B | 7.84B | 7.08B |
| Cash, Cash Equivalents and Short-Term Investments | 4.17M | 53.16M | 1.69B | 1.57B | 1.88B | 2.44B |
| Total Debt | 78.85M | 94.06M | 334.14M | 335.57M | 698.49M | 131.99M |
| Total Liabilities | 8.58B | 8.08B | 7.55B | 7.39B | 7.33B | 6.51B |
| Stockholders Equity | 834.99M | 794.46M | 707.65M | 585.23M | 508.82M | 563.74M |
Cash Flow | ||||||
| Free Cash Flow | 193.66M | 134.40M | 122.29M | 115.75M | 145.65M | 68.14M |
| Operating Cash Flow | 220.68M | 135.78M | 124.06M | 117.22M | 147.32M | 70.54M |
| Investing Cash Flow | -844.09M | -378.02M | -315.95M | -134.41M | -1.20B | -865.41M |
| Financing Cash Flow | 676.91M | 472.70M | 162.06M | 44.21M | 788.22M | 1.09B |
Amalgamated Bank Technical Analysis
Positive
49.44
Price Trends
46.04
Positive
43.20
Positive
38.38
Positive
Market Momentum
1.13
Positive
59.93
Neutral
55.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMAL, the sentiment is Positive. The current price of 49.44 is above the 20-day moving average (MA) of 48.63, above the 50-day MA of 46.04, and above the 200-day MA of 38.38, indicating a bullish trend. The MACD of 1.13 indicates Positive momentum. The RSI at 59.93 is Neutral, neither overbought nor oversold. The STOCH value of 55.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AMAL.
Amalgamated Bank Risk Analysis
Amalgamated Bank disclosed 50 risk factors in its most recent earnings report. Amalgamated Bank reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Amalgamated Bank Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $1.49B | 13.03 | 14.12% | 1.25% | 9.56% | 12.20% | |
76 Outperform | $1.00B | 12.26 | 14.00% | 2.92% | 5.05% | 39.76% | |
70 Outperform | $1.22B | 13.87 | 7.69% | 3.22% | 17.16% | 47.28% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $1.13B | 13.49 | 8.01% | 4.39% | 7.53% | 38.21% | |
64 Neutral | $1.13B | 20.54 | 6.62% | 1.26% | 5.13% | ― | |
63 Neutral | $1.05B | -6.40 | -20.76% | 3.19% | -72.31% | -366.87% |
* Financial Sector Average
AMAL
Amalgamated Bank
49.39
21.65
78.02%
CFFN
Capitol Federal Financial
8.77
3.21
57.85%
CPF
Central Pacific Financial
38.49
12.37
47.35%
HFWA
Heritage Financial
29.41
7.72
35.58%
HBNC
Horizon Bancorp
20.22
5.47
37.05%
AMTB
Amerant Bancorp
28.67
9.93
53.00%
Amalgamated Bank Corporate Events
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Amalgamated Bank Reports Record Second-Quarter 2026 Results
Positive
Jul 23, 2026
Amalgamated Financial Corp. reported record second-quarter 2026 results on July 23, 2026, with net income rising to $34.8 million, or $1.15 per diluted share, and core net income reaching $33.1 million. Management highlighted the company’s s...
Business Operations and StrategyDividends
Amalgamated Bank Board Declares Regular Quarterly Dividend
Positive
Jul 21, 2026
Amalgamated Financial Corp., a values-focused U.S. commercial bank and trust services provider, operates through Amalgamated Bank with a regional footprint spanning New York City, Washington, D.C., Northern California, and Boston. The institution&...
Business Operations and StrategyStock Buyback
Amalgamated Bank Expands Share Repurchase Authorization for Shareholders
Positive
Jun 11, 2026
On June 9, 2026, Amalgamated Financial Corp.’s board authorized an additional $31.4 million for repurchases of its common stock under its existing share buyback program, bringing total remaining authorization to $40 million. The expanded, op...
Executive/Board ChangesShareholder Meetings
Amalgamated Bank Stockholders Back Directors, Pay and Auditor
Positive
May 22, 2026
Amalgamated Financial Corp. held its Annual Meeting of Stockholders on May 20, 2026, with approximately 95% of its 29.9 million outstanding common shares represented in person or by proxy. Stockholders elected 13 directors to serve until the 2027 ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.