Amalgamated Bank (AMAL)
NASDAQ:AMAL
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Amalgamated Bank
(NASDAQ:AMAL)
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Rating:74Outperform
Price Target:
$43.00
▲(12.15% Upside)
Action:ReiteratedDate:03/06/26
The score is driven primarily by solid financial performance (growth, profitability, cash generation) and an attractive valuation (low P/E). Earnings call guidance and operating momentum are supportive, but credit/expense headwinds and a mixed near-term technical picture temper the overall rating.
Positive Factors
Revenue Growth
The significant revenue growth indicates robust business expansion and effective market penetration, supporting long-term profitability.
Negative Factors
Rising Noninterest Expense
Increased expenses, particularly in compensation and technology, could pressure margins and affect profitability if not managed effectively.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The significant revenue growth indicates robust business expansion and effective market penetration, supporting long-term profitability.
Read all positive factors
Amalgamated Bank (AMAL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.14B
Dividend Yield1.7%
Average Volume (3M)178.76K
Price to Earnings (P/E)9.0
Beta (1Y)0.90
Revenue Growth4.33%
EPS Growth-2.20%
CountryUS
Employees429
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.99
Shares Outstanding29,829,355
10 Day Avg. Volume199,829
30 Day Avg. Volume178,762
Financial Highlights & Ratios
PEG Ratio-10.65
Price to Book (P/B)1.21
Price to Sales (P/S)2.11
P/FCF Ratio7.13
Enterprise Value/Market Cap1.08
Enterprise Value/Revenue2.72
Enterprise Value/Gross Profit3.87
Enterprise Value/Ebitda8.53
Forecast
1Y Price Target
$42.00Price Target Upside9.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)4.13
Revenue Forecast (FY)$371.15M
Amalgamated Bank Business Overview & Revenue Model
Company Description
Amalgamated Financial Corp. operates as the bank holding company for Amalgamated Bank that provides commercial and retail banking, investment management, and trust and custody services for commercial and retail customers in the United States. The ...
How the Company Makes Money
Amalgamated Bank generates revenue through several key streams, primarily from interest income and fee-based services. The bank earns interest income by providing loans to consumers and businesses, with interest rates that vary based on risk and m...
Amalgamated Bank Earnings Call Summary
Earnings Call Date:Jan 22, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 23, 2026
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.Positive Updates
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).
Negative Updates
Multifamily Asset Stress and Increased Reserves
A distressed borrower in the Washington, D.C. rapid rehousing program led to a $1.9 million reserve build and a $7.5 million increase in nonaccrual multifamily loans; this was the primary driver of an increase in criticized/classified multifamily assets for the quarter.
Read all updates
Q4-2025 Updates
Positive
Negative
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).
Read all positive updates
Company Guidance
In its 2026 guidance management forecast full‑year net interest income of $327–331 million (about 10–11% growth) and core pre‑tax, pre‑provision earnings of $180–183 million (9–10% growth), targeting core return on average assets of 1.35% and core return on tangible common equity of 15%, roughly 5% balance‑sheet growth and quarterly net loan growth of 1.5–2%; they plan annual core operating expenses of $188 million with technology spend up ~18%, aim to deliver positive core operating leverage (reported between 3–4%), are modeling an effective tax rate near 20.5% with upside from tax‑credit strategies, assume an average 2026 balance sheet of approximately $8.7 billion, expect quarterly net interest income of $79–81 million, and anticipate net interest margin to rise from the Q4 level (Q4 NIM was 3.66%).Amalgamated Bank Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
80
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 455.03M | 435.34M | 382.48M | 285.16M | 208.76M |
| Gross Profit | 319.80M | 306.19M | 271.05M | 251.51M | 202.83M |
| EBITDA | 144.97M | 151.02M | 131.13M | 118.51M | 75.57M |
| Net Income | 104.45M | 106.43M | 87.98M | 81.48M | 52.94M |
Balance Sheet | |||||
| Total Assets | 8.87B | 8.26B | 7.97B | 7.84B | 7.08B |
| Cash, Cash Equivalents and Short-Term Investments | 53.16M | 1.69B | 1.57B | 1.88B | 2.44B |
| Total Debt | 94.06M | 334.14M | 335.57M | 698.49M | 131.99M |
| Total Liabilities | 8.08B | 7.55B | 7.39B | 7.33B | 6.51B |
| Stockholders Equity | 794.46M | 707.65M | 585.23M | 508.82M | 563.74M |
Cash Flow | |||||
| Free Cash Flow | 134.40M | 122.29M | 115.75M | 145.65M | 68.14M |
| Operating Cash Flow | 135.78M | 124.06M | 117.22M | 147.32M | 70.54M |
| Investing Cash Flow | -378.02M | -315.95M | -134.41M | -1.20B | -865.41M |
| Financing Cash Flow | 472.70M | 162.06M | 44.21M | 788.22M | 1.09B |
Amalgamated Bank Technical Analysis
Positive
38.34
Price Trends
38.58
Negative
34.56
Positive
31.75
Positive
Market Momentum
-0.11
Negative
50.79
Neutral
73.28
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 38.34 is above the 20-day moving average (MA) of 38.11, below the 50-day MA of 38.58, and above the 200-day MA of 31.75, indicating a neutral trend. The MACD of -0.11 indicates Negative momentum. The RSI at 50.79 is Neutral, neither overbought nor oversold. The STOCH value of 73.28 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $1.14B | 9.00 | 13.88% | 1.70% | 4.33% | -2.20% | |
71 Outperform | $1.05B | 9.03 | 7.51% | 3.91% | 8.27% | 54.96% | |
68 Neutral | $840.49M | 10.73 | 11.65% | 3.39% | 1.22% | 15.97% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $921.89M | 10.81 | 6.53% | 4.73% | 6.27% | 79.25% | |
56 Neutral | $876.23M | 15.23 | 5.64% | 1.79% | 15.37% | ― | |
53 Neutral | $837.03M | -5.75 | -20.64% | 3.50% | -78.64% | -913.67% |
* Financial Sector Average
AMAL
Amalgamated Bank
38.34
9.46
32.77%
CFFN
Capitol Federal Financial
7.10
1.69
31.14%
CPF
Central Pacific Financial
31.97
5.48
20.68%
HFWA
Heritage Financial
25.58
2.17
9.26%
HBNC
Horizon Bancorp
16.34
1.45
9.70%
AMTB
Amerant Bancorp
21.78
0.90
4.31%
Amalgamated Bank Corporate Events
Business Operations and StrategyStock BuybackFinancial Disclosures
Amalgamated Bank reports strong Q4 and 2025 results
Positive
Jan 22, 2026
On January 22, 2026, Amalgamated Financial Corp. reported its fourth quarter and full-year 2025 results, highlighting record quarterly deposit growth of nearly $1 billion, strong liquidity of $4.7 billion within two days, and a higher net interest...
Business Operations and StrategyDividends
Amalgamated Bank Announces Significant Quarterly Dividend Increase
Positive
Jan 20, 2026
On January 20, 2026, Amalgamated Financial Corp. announced that its board of directors approved a 21% increase in the company’s quarterly dividend, raising the payout by $0.03 to $0.17 per common share, payable on February 19, 2026, to share...
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.