AMAL
Amalgamated Financial Corp.32.53
+0.27+0.84%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details NIM, PACE upside
Q&A drilled into NIM drivers, with new C&I/multifamily loans booking at 5.9-6% and 5.7% yields, plus repricing tailwinds from low-coupon runoffs. Management expects provisions roughly flat to 2025 due to persistent solar charge-offs, but manageable alongside earnings growth. C-PACE surged $27 million, now three-quarters of originations, with no concentration limits and plans to trade securities for more. Political deposits on track to peak pre-election, likely exceeding prior cycles; multifamily growth diversified beyond NYC. Steady outlook. Investors watch PACE momentum.
Key Stats
Market Cap
979.45MP/E (TTM)
9.80Basic EPS (TTM)
3.32Dividend Yield
0.02%Recent Filings
10-K
FY2025 results
Amalgamated Financial Corp. closed FY2025 ended December 31, 2025 with total assets of $8.87B, up from $8.26B, driven by $769M deposit growth to $7.95B and $287M loan expansion to $4.96B, primarily in multifamily (up 22% y/y to $1.64B) and C&I (up 14% y/y to $1.33B). Net income dipped 2% to $104M despite 5% net interest income growth to $298M on higher loan yields (5.10% vs 4.81%), offset by $6M higher credit provisions from solar charge-offs and specific reserves; non-GAAP metrics not disclosed. Q4 saw $365M resell agreements and $49M buybacks under the $40M program, bolstering liquidity at 103% of uninsured deposits. Deposits surged on political seasonality, yet CRE/multifamily scrutiny lingers.
8-K
Record deposits, steady NIM
Amalgamated Financial Corp. reported Q4 2025 net income of $26.6 million, flat sequentially, while core net income rose to $30.0 million. Deposits surged with nearly $1 billion record growth including $789.2 million off-balance sheet; NIM expanded to 3.66%. Loans grew 3.5% to $4.9 billion. CET1 holds at 14.26%. Nonperformers ticked up to 0.32% of assets.
8-K
Renewables portfolio details
Amalgamated Financial Corp. disclosed its $829mm renewables lending portfolio on November 10, 2025, via investor presentation under Regulation FD. Dominated by project finance term loans (41.6%) and solar distributed (47.1%), it shows low risk with 96% pass-rated loans and just 2.8% criticized. Risks stay contained at 0.8% of total loans.
10-Q
Q3 FY2025 results
Amalgamated Financial Corp. posted Q3 net income of $26.8M, down 4% y/y yet steady q/q, with diluted EPS at $0.88 (reconciles to 30.4M shares). Net interest income climbed 6% y/y to $76.4M on 15bp higher asset yields (5.16%) and 46bp lower deposit costs (2.64%), fueled by loan growth while NIM edged up to 3.60%. Provision rose to $5.3M from elevated charge-offs, but allowance covers 1.18% of loans. Deposits swelled 8% to $7.77B (cash $116M); borrowings dropped to $75M (FHLBNY $12M, subordinated $64M due 2031). Strong balance sheet. Deposit outflows remain a risk.
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