Did Amalgamated beat or miss consensus estimates last quarter?

What is Amalgamated's latest dividend and current dividend yield?

What does Amalgamated do and what are its main business segments?

What were the key takeaways from Amalgamated’s earnings call?

What is Amalgamated's gross profit margin?

What is the revenue and EPS growth rate for Amalgamated year over year?

What is the market's earnings forecast for Amalgamated next quarter?

What guidance did Amalgamated's management provide for the next earnings period?

- **Strong Earnings Growth**: Q3 core EPS of $0.91, up 3% year-to-date, with $415 million deposit growth and 3.3% loan growth.
- **Credit Quality Improvement**: Nonperforming assets down 34.6%, with successful resolution of $10.8 million problem loan.
- **Digital Transformation Impact**: New platform driving customer insights and revenue growth.
- **Updated Guidance**: Full-year core earnings raised to $164-165 million, net interest income to $295-296 million.
- **Risk Management**: Tight control over expenses ($43.4 million Q3) and conservative allowance adjustments.
- **Rate Environment**: Expect 30-50bp loan yield decline in Q4 due to rate cuts, with strong PACE portfolio resilience.

**【CEO Summary Section】**
- **Core EPS of $0.91**: Q3 core earnings per share of $0.91, with year-to-date EPS of $2.66, up 3% year-over-year.
- **Deposit Growth**: $415 million in new deposits, including $235 million in Political segment (19% growth) and $86 million in Climate & Sustainability segment (21%).
- **Loan Growth**: $99 million in loan growth across multifamily, CRE, and C&I, up 3.3% Q/Q, driven by new C&I origination team.
- **Credit Quality**: Nonperforming assets down 34.6% to $23 million (0.26% of total assets), with $10.8 million problem loan resolved.
- **Digital Transformation**: Fully integrated digital platform launched, improving customer insights and revenue growth.

**【CFO Financial Commentary】**
- **Net Income**: $26.8 million ($0.88 EPS), with core net income of $7.6 million ($0.91 EPS).
- **Net Interest Income**: $76.4 million (+4.9% YoY), driven by 5bp margin expansion to 3.6%.
- **Efficiency Ratio**: 50.17%, leading in $5-10 billion peer group.
- **Guidance Update**: Full-year core pretax pre-provision earnings raised to $164-165 million, net interest income to $295-296 million.
- **Expense Management**: Q3 core noninterest expense $43.4 million (+$2.9 million Q/Q), with $170 million annual OpEx target.
- **Risk Management**: $2.5 million allowance decrease, specific reserve of $1.9 million for multifamily loan.

**【Q&A Key Highlights】**
- **NY Rent Regulation**: Management confident in 18-24 month outlook, with balanced approach to housing solutions.
- **Green Energy Funding**: Existing projects unaffected by DOE cuts; pipeline projects have locked-in funding.
- **Regulatory Risks**: Bank focuses on compliance, risk management, and solid performance to avoid regulatory scrutiny.
- **Loan Yields**: Expect 30-50bp decline in Q4 due to rate cuts, with C&I yields ~6.5-6.75% and PACE at 7%.
- **Expense Run Rate**: Q3 $43.4 million expense level expected to continue in Q4, with potential upside to $170 million annual target.

Amalgamated Financial Corp. (AMAL) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

AMAL

AMAL fundamentals

You can ask Aime