Amalgamated Financial Corp.
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Range $53 – $55
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About the company
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 management, and trust and custody solutions, to businesses and individual customers across the United States.
- CEO
- Priscilla Sims Brown
- IPO
- 2018
- Employees
- 450
- HQ
- New York City, NY, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $1.43B
- P/E
- 12.61
- Fwd P/E
- 11.89
- PEG
- 1.04
- P/S
- 2.94
- P/B
- 1.71
- EV/EBITDA
- 9.60
- Div Yield
- 1.36%
- Gross Margin
- 69.79%
- Op Margin
- 31.03%
- Net Margin
- 23.37%
- ROE
- 14.12%
- ROIC
- 1.21%
Latest fiscal year · YoY change
- Revenue
- $455.03M+4.5%
- Gross Profit
- $319.80M+4.4%
- Op Income
- $140.10M
- Net Income
- $104.45M-1.9%
- EPS
- $3.45-0.9%
- OCF Growth
- +9.4%
- FCF Growth
- +9.9%
- 52W High
- $51.59
- 52W Low
- $25.13
- 50D MA
- $48.64
- 200D MA
- $42.43
- Beta
- 0.78
- RSI (14)
- 50
- Avg Volume
- 209.22K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Amalgamated Financial delivered record quarterly earnings on strong deposit-led balance sheet growth, and management raised full-year guidance while warning of some margin moderation later in the year.· July 23, 2026
- Record net income of $34.8 million and core net income of $33.1 million, with ROA above 1.4% and ROTCE above 16%.
- Deposits rose $280 million, or 3.4%, to a record $8.5 billion, supporting continued asset optimization.
- Loans increased about $115 million, while commercial lending grew $155 million, or 4.5%, showing broad balance sheet momentum.
- Management raised full-year 2026 guidance for net interest income to $338 million-$340 million and core pretax pre-provision earnings to $188 million-$190 million.
- Near-term margin may moderate as political deposit outflows approach, but management expects the larger earnings engine to reaccelerate in 2027.
The company reported record net income of $34.8 million and core net income of $33.1 million. Revenue approached $98 million, revenue per share was $3.18, and the core efficiency ratio was 49.15%; management also said ROA exceeded 1.4% and ROTCE exceeded 16%. On the balance sheet, deposits increased $280 million, or 3.4%, to a record $8.5 billion, total loans rose about $115 million, and commercial lending increased about $155 million, or 4.5%. Management said provision expense normalized after prior-quarter reserve actions, criticized and classified balances declined by about $9 million, and pass-rated loans represented approximately 97% of the portfolio. Full-year 2026 guidance was raised: net interest income to $338 million-$340 million from a prior high-end target of $333 million, and core pretax pre-provision earnings to $188 million-$190 million from a prior high-end target of $185 million.
Priscilla Sims Brown framed the quarter as proof that the bank is turning prior investments into earnings power, profitability, and operating leverage. She emphasized the strength of the deposit franchise, the record balance sheet, and continued discipline on capital, liquidity, and credit. Her tone was confident and forward-looking, repeatedly stressing that the bank is building a scalable platform through technology, AI-enabled tools, and modernization.
Jason Darby focused on “harvesting the earnings power of the bank,” saying the team has built a better bank through stronger capital, balance sheet repositioning, and technology investment. He cited revenue of about $98 million, revenue per share of $3.18, and a 49.15% core efficiency ratio, then pointed to approximately $461 million of average deposit growth and $276 million of commercial loans, PACE assessments, and traditional securities added at attractive yields, partially offset by about $39 million of redeployed cash from planned runoff. He said expenses should rise in Q3 and Q4, with $49 million as a general benchmark for each quarter, and that 2026 guidance was raised because of stronger-than-expected earnings power. He also said the company targets $9.6 billion of assets by early Q3 and expects average balance sheet growth to be flattish in the back half of the year as it prepares for political deposit outflows.
Analysts focused on loan growth, margin trajectory, average balance sheet shape, and expense run-rate. Management said Q3 and Q4 loan growth should be closer to 2% sequentially, margin should moderate somewhat in the back half of the year, and there could be modest fourth-quarter compression tied to political deposit mix shifts and off-balance-sheet funds coming back on balance sheet. On expenses, Jason Darby said Q3 should include a one-time office move cost, while later quarters will still carry layered technology, risk/compliance, and compensation expense; Priscilla Sims Brown added that the spending is about investing in scalability, not gearing up specifically for a $10 billion threshold. In a separate question, management said clean energy demand remains strong and the opportunity set looks wide open, though they remain selective on contracted cash flows, investment-grade counterparties, and fixed-rate amortizing debt.
The call showed a bank with record earnings, strong deposit inflows, and multiple levers to keep converting balance sheet growth into higher NII and profitability. Management raised guidance and described 2026 as still having “lots of runway,” with a meaningful earnings reacceleration expected in 2027 as the election-cycle deposit backdrop resets.
Management explicitly said margin may moderate and possibly compress modestly in the fourth quarter as political deposits outflow and off-balance-sheet funding comes back on balance sheet. Expenses are also still trending higher from technology, compensation, and relocation costs, so near-term efficiency gains may be partially offset by continued investment spending.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 68.9%
- Shares Outstanding
- 29.90M
- Float Shares
- 20.60M
of shares held by institutions
176 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock, Inc. | 3.41M | ▼ 60.97K |
| Vanguard Group Inc | 1.43M | ▲ 49.04K |
| Dimensional Fund Advisors LP | 1.41M | ▲ 3.06K |
| Macquarie Management Holdings, Inc. | 1.13M | ▼ 51.65K |
| Vanguard Capital Management LLC | 830.20K | ▲ 8.61K |
| Alliancebernstein L.P. | 793.23K | ▲ 41.81K |
| American Century Companies Inc | 747.71K | ▲ 80.70K |
| State Street Corp | 700.20K | ▼ 48.74K |
| Adage Capital Partners Gp, L.L.C. | 575.02K | ▼ 265.09K |
| Geode Capital Management, LLC | 536.60K | ▼ 34.49K |
| First Manhattan Co. LLC. | 396.50K | ▼ 6.28K |
| Vanguard Portfolio Management LLC | 396.08K | ▼ 47.90K |
Held by 239 ETFs
Biggest fund positions in AMAL by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Oct 1, 26 | Brown Sam D. | sell | 148 |
| Sep 15, 26 | Searby Sean | sell | 3,314 |
| Sep 14, 26 | Western States Regional Joint Board, Workers United | sell | 82,412 |
| Sep 11, 26 | Western States Regional Joint Board, Workers United | sell | 154,128 |
| Sep 14, 26 | Western States Regional Joint Board, Workers United | sell | 95,872 |
| Sep 11, 26 | Western States Regional Joint Board, Workers United | sell | 80,000 |
| Sep 14, 26 | Western States Regional Joint Board, Workers United | sell | 50,000 |
| Sep 14, 26 | Workers United | sell | 82,412 |
| Sep 11, 26 | Workers United | sell | 154,128 |
| Sep 14, 26 | Workers United | sell | 95,872 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our AMAL coverage
Recent articles, reports, and earnings notes.
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Generate AMAL report →Is Amalgamated Financial (AMAL) Stock Outpacing Its Finance Peers This Year?
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