Amalgamated Financial (NASDAQ:AMAL) Issues Earnings Results

Amalgamated Financial (NASDAQ:AMAL) issued its earnings results on Thursday. The company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.15), FiscalAI reports. Amalgamated Financial had a return on equity of 14.04% and a net margin of 22.33%.The business had revenue of $91.36 million during the quarter, compared to the consensus estimate of $91.16 million.

Here are the key takeaways from Amalgamated Financial’s conference call:

• Net revenue rose 9.7% to $93.4 million, net income was $25.2 million ($0.84/share) and NIM expanded 9 bps to 3.75%, while Tier 1 capital remained strong above 9.3%.
• The bank recorded an incremental $9.2 million provision tied to a single multifamily borrower that moved to non?accrual (relationship reserves now $11.1 million), pushing non?performing assets to $99.3 million (1.08% of assets); management calls this borrower?specific and is pursuing resolution options.
• The deposit franchise strengthened with on?balance?sheet deposits up $229 million to $8.2 billion, political deposits up $133 million to $1.9 billion, average non?interest?bearing deposits at 41%, and super?core deposits approaching 60% of on?balance?sheet funding.
• Management raised 2026 targets — net interest income to about $333 million, core pre?tax/pre?provision earnings to $183 million, and an annual balance?sheet growth target of ~8% (aiming for ~$9.6 billion in assets), with Q2 NII guided to $81–83 million.

Amalgamated Financial Trading Up 0.3%

Shares of Amalgamated Financial stock opened at $40.49 on Friday. The stock has a market capitalization of $1.21 billion, a PE ratio of 11.77 and a beta of 0.82. Amalgamated Financial has a 52 week low of $25.13 and a 52 week high of $44.01. The stock has a 50 day moving average price of $39.66 and a two-hundred day moving average price of $34.60. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.67 and a current ratio of 0.67.

Amalgamated Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Tuesday, May 5th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, May 5th. Amalgamated Financial’s dividend payout ratio (DPR) is 19.94%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AMAL. Piper Sandler assumed coverage on shares of Amalgamated Financial in a research report on Monday, March 16th. They set a “neutral” rating and a $41.00 price objective for the company. Weiss Ratings upgraded shares of Amalgamated Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Amalgamated Financial has an average rating of “Moderate Buy” and an average target price of $41.00.

More Amalgamated Financial News

Here are the key news stories impacting Amalgamated Financial this week:

• Positive Sentiment: Company raised guidance and reported revenue growth (net revenue $93.4M; revenue +9.7%) and an improvement in margin — a clear positive for forward earnings and capital planning. Business Wire: Amalgamated Financial Corp. Reports First Quarter 2026 Financial Results
• Positive Sentiment: Management raised its 2026 net interest income target to $333M and signaled a shift to ~8% balance-sheet growth — this boosts forward NII and is likely supporting the stock. Seeking Alpha: Amalgamated raises 2026 net interest income target
• Positive Sentiment: Several outlets frame the quarter as better-than-expected on sales/revenue and provide supplemental materials (slide deck, press release) that highlight operational strength. Yahoo Finance: Amalgamated Financial Posts Better-Than-Expected Sales
• Neutral Sentiment: Earnings call highlights and the full transcript are available for investors to parse management commentary on credit, margins, and guidance — useful but not market-moving by themselves. Yahoo Finance: Q1 2026 Earnings Call Highlights
• Neutral Sentiment: Full Q1 transcript and snapshots provide detail for model adjustments (loan mixes, fee income, provisioning) — helpful to analysts but neutral until numbers trend. Seeking Alpha: Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Short-interest data shows effectively zero reported short interest (likely a reporting artifact), which is not currently driving market moves. Short Interest Report
• Negative Sentiment: EPS missed expectations: AMAL reported $0.80 EPS vs. consensus ~ $0.95–$0.98, a notable miss that pressured sentiment and raised questions about near-term profitability. Zacks: Q1 Earnings Lag Estimates
• Negative Sentiment: Some coverage highlights credit-related issues and investor concern around asset quality that may weigh on the multiple until clarity on credit trends emerges. TipRanks: Amalgamated Bank Reports Q1 2026 Results Amid Credit Issue
• Negative Sentiment: News headlines noted share weakness after the print as traders reacted to the EPS miss and mixed signals, contributing to intraday volatility. MSN: Why Amalgamated Financial Shares Are Sliding

Insider Buying and Selling

In related news, EVP Sean Searby sold 4,948 shares of Amalgamated Financial stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $39.42, for a total value of $195,050.16. Following the completion of the sale, the executive vice president owned 23,055 shares of the company’s stock, valued at approximately $908,828.10. This trade represents a 17.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Tyrone Graham sold 2,285 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $39.91, for a total transaction of $91,194.35. Following the sale, the executive vice president owned 13,443 shares of the company’s stock, valued at $536,510.13. This trade represents a 14.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 8,482 shares of company stock worth $335,658 over the last ninety days. 1.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. increased its position in shares of Amalgamated Financial by 56.7% during the second quarter. Osaic Holdings Inc. now owns 1,080 shares of the company’s stock worth $34,000 after acquiring an additional 391 shares in the last quarter. Arax Advisory Partners lifted its position in Amalgamated Financial by 187.1% in the 4th quarter. Arax Advisory Partners now owns 1,269 shares of the company’s stock valued at $41,000 after acquiring an additional 827 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Amalgamated Financial by 140.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,014 shares of the company’s stock valued at $63,000 after purchasing an additional 1,177 shares during the last quarter. Quadrant Capital Group LLC acquired a new position in Amalgamated Financial during the 3rd quarter valued at about $77,000. Finally, Parallel Advisors LLC increased its holdings in Amalgamated Financial by 74.4% during the 3rd quarter. Parallel Advisors LLC now owns 2,905 shares of the company’s stock worth $79,000 after purchasing an additional 1,239 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

About Amalgamated Financial

Amalgamated Financial Corp. (NASDAQ: AMAL) is the bank holding company for Amalgamated Bank, a fully insured commercial bank with a historic mission of serving labor unions, progressive non-profits and mission-driven organizations. Founded in 1923 by the Amalgamated Clothing Workers of America, Amalgamated Bank has grown into a national institution offering a broad suite of banking services, including deposit accounts, commercial and consumer lending, cash management, and treasury solutions tailored to organizations with social responsibility or union affiliations.

In addition to core banking, Amalgamated Financial provides wealth management and trust services, retirement plan consulting and impact investing strategies.