Amalgamated Financial Q2 2024 Adj EPS $0.85 Beats $0.79 Estimate, Sales $78.450M Beat $77.358M Estimate

7/25/24 6:40:44 AM ET

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Amalgamated Financial (NASDAQ:AMAL) reported quarterly earnings of $0.85 per share which beat the analyst consensus estimate of $0.79 by 7.59 percent. This is a 18.06 percent increase over earnings of $0.72 per share from the same period last year. The company reported quarterly sales of $78.450 million which beat the analyst consensus estimate of $77.358 million by 1.41 percent. This is a 10.60 percent increase over sales of $70.929 million the same period last year.

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Recent Analyst Ratings for
$AMAL

Date	Price Target	Rating	Analyst
12/12/2023	$29.00	Neutral → Overweight	JP Morgan
11/2/2021	$18.00 → $20.00	Outperform	Raymond James
11/1/2021	$19.00 → $21.00	Overweight	Barclays
9/23/2021	$17.50 → $19.00	Overweight	Piper Sandler

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Amalgamated Financial Corp. Reports Record Third Quarter 2024 Financial Results; Margin Expands to 3.51%; Return on Average Assets of 1.32%
NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (the "Company" or "Amalgamated") (NASDAQ:AMAL), the holding company for Amalgamated Bank (the "Bank"), today announced financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights (on a linked quarter basis) Net income of $27.9 million, or $0.90 per diluted share, compared to $26.8 million, or $0.87 per diluted share.Core net income1 of $28.0 million, or $0.91 per diluted share, compared to $26.2 million, or $0.85 per diluted share. Deposits and Liquidity Total deposits increased $145.6 million, or 2.0%, to $7.6 billion including a $51.3 million decline in Brokered
10/24/24 6:25:29 AM ET
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Amalgamated Financial Corp. Declares Regular Quarterly Dividend
NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. ("Amalgamated" or the "Company") (NASDAQ:AMAL) today announced that its Board of Directors has declared a regular dividend to common stockholders of $0.12 per share, payable by the Company on November 21, 2024, to stockholders of record on November 5, 2024. The amount and timing of any future dividend payments to stockholders will be subject to the discretion of the Board of Directors. About Amalgamated Financial Corp. Amalgamated Financial Corp. is a Delaware public benefit corporation and a bank holding company engaged in commercial banking and financial services through its wholly-owned subsidiary, Amalgamated Ba
10/22/24 4:30:07 PM ET
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Amalgamated Financial Corp. Announces Third Quarter 2024 Earnings Conference Call
NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. ("Amalgamated" or the "Company") (NASDAQ:AMAL) today announced that its third quarter 2024 financial results will be released before market open on Thursday, October 24, 2024. The Company will host a conference call at 11:00 a.m. Eastern Time on the same day to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial 1-877-407-9716 (international callers please dial 1-201-493-6779) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available on the website at https://ir.amalgamatedbank.com/. A replay of
10/10/24 4:25:04 PM ET
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Amalgamated Financial Corp. Reports Record Third Quarter 2024 Financial Results; Margin Expands to 3.51%; Return on Average Assets of 1.32%
NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (the "Company" or "Amalgamated") (NASDAQ:AMAL), the holding company for Amalgamated Bank (the "Bank"), today announced financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights (on a linked quarter basis) Net income of $27.9 million, or $0.90 per diluted share, compared to $26.8 million, or $0.87 per diluted share.Core net income1 of $28.0 million, or $0.91 per diluted share, compared to $26.2 million, or $0.85 per diluted share. Deposits and Liquidity Total deposits increased $145.6 million, or 2.0%, to $7.6 billion including a $51.3 million decline in Brokered
10/24/24 6:25:29 AM ET
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Amalgamated Financial Corp. Declares Regular Quarterly Dividend
NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. ("Amalgamated" or the "Company") (NASDAQ:AMAL) today announced that its Board of Directors has declared a regular dividend to common stockholders of $0.12 per share, payable by the Company on November 21, 2024, to stockholders of record on November 5, 2024. The amount and timing of any future dividend payments to stockholders will be subject to the discretion of the Board of Directors. About Amalgamated Financial Corp. Amalgamated Financial Corp. is a Delaware public benefit corporation and a bank holding company engaged in commercial banking and financial services through its wholly-owned subsidiary, Amalgamated Ba
10/22/24 4:30:07 PM ET
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Amalgamated Financial Corp. Announces Third Quarter 2024 Earnings Conference Call
NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. ("Amalgamated" or the "Company") (NASDAQ:AMAL) today announced that its third quarter 2024 financial results will be released before market open on Thursday, October 24, 2024. The Company will host a conference call at 11:00 a.m. Eastern Time on the same day to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial 1-877-407-9716 (international callers please dial 1-201-493-6779) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available on the website at https://ir.amalgamatedbank.com/. A replay of
10/10/24 4:25:04 PM ET
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Amalgamated Announces the Appointment of Nicole Steele and Emily Robichaux as Directors of Climate Partnerships
Two nationally recognized experts to join the bank, adding to its position as a leader in sustainability finance. Amalgamated Financial Corp. ("Amalgamated" or the "Company") (NASDAQ:AMAL) today announced the appointment of Nicole Steele as Director of Climate Partnership Banking and Emily Robichaux as Director of Climate Partnership Lending. This team of industry experts will lead the bank's efforts to execute on the potential of the $27B Greenhouse Gas Reduction Fund ("GGRF"). Ms. Steele is a nationally recognized leader and expert with over 20 years' experience in clean energy, focusing on equitable deployment and workforce development. She was instrumental in the development of the
8/6/24 4:14:00 PM ET
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Amalgamated Financial Corp. Appoints Julieta Ross and Scott Stoll to its Board of Directors
NEW YORK, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. ("Amalgamated" or the "Company") (NASDAQ:AMAL) today announced it has appointed Julieta Ross and Scott Stoll as its newest members to the Company's Board of Directors, effective immediately. Dr. Ross has an extensive background in the broader financial services risk management landscape, with over 20 years of global banking technology leadership and experience. With a proven track record of building and scaling businesses while leveraging digital technologies, she offers a vast understanding on the integration of new technology perspectives in the process of building market-leading banking platforms and avant-garde di
11/16/23 4:30:26 PM ET
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Amalgamated Financial Corp. Appoints Meredith Miller to its Board of Directors
NEW YORK, July 27, 2022 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. ("Amalgamated" or the "Company") (NASDAQ:AMAL) today announced the appointment of Meredith Miller as an independent director to the Company's Board of Directors, effective immediately. Ms. Miller is internationally recognized as a leader in corporate governance occupying various board and senior leadership roles with over 30 years of experience in the public and private sector. Of particular significance is Ms. Miller's experience and advocacy in the pursuit of advancing diversity in corporate boards as well as her extensive corporate governance experience spanning human capital management, ESG, and sustainable invest
7/27/22 4:10:00 PM ET
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Amalgamated Financial Q2 2024 Adj EPS $0.85 Beats $0.79 Estimate, Sales $78.450M Beat $77.358M Estimate

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Recent Analyst Ratings for $AMAL

$AMAL SEC Filings

SEC Form 10-Q filed by Amalgamated Financial Corp.

Amalgamated Financial Corp. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure

Amalgamated Financial Corp. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

$AMAL Financials

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Amalgamated Financial Corp. Reports Record Third Quarter 2024 Financial Results; Margin Expands to 3.51%; Return on Average Assets of 1.32%

Amalgamated Financial Corp. Declares Regular Quarterly Dividend

Amalgamated Financial Corp. Announces Third Quarter 2024 Earnings Conference Call

$AMAL Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Amalgamated Financial Corp. bought $1,447,818 worth of shares (68,487 units at $21.14), increasing direct ownership by 0.86% to 8,013,682 units (SEC Form 4)

$AMAL Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Large owner Western States Regional Joint Board, Workers United sold $4,272,885 worth of shares (129,263 units at $33.06) (SEC Form 4)

Large owner Rochester Regional Joint Board, Workers United sold $4,272,885 worth of shares (129,263 units at $33.06) (SEC Form 4)

Large owner Rochester Regional Joint Board, Workers United sold $4,359,104 worth of shares (127,584 units at $34.17) (SEC Form 4)

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