Amalgamated Financial (NASDAQ:AMAL) Announces Quarterly Earnings Results, Misses Estimates By $0.15 EPS

Amalgamated Financial (NASDAQ:AMAL) posted its quarterly earnings data on Thursday. The company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.15), FiscalAI reports. Amalgamated Financial had a net margin of 22.33% and a return on equity of 14.04%. The firm had revenue of $91.36 million during the quarter, compared to analysts’ expectations 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%

NASDAQ:AMAL opened at $40.49 on Friday. The company has a market cap of $1.21 billion, a P/E ratio of 11.77 and a beta of 0.82. The stock’s fifty day moving average price is $39.66 and its two-hundred day moving average price is $34.60. Amalgamated Financial has a 1 year low of $25.13 and a 1 year high of $44.01. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.67 and a quick ratio of 0.67.

Amalgamated Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Tuesday, May 5th will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, May 5th. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. Amalgamated Financial’s dividend payout ratio is currently 19.94%.

Trending Headlines about Amalgamated Financial

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Amalgamated Financial

In other Amalgamated Financial news, EVP Sean Searby sold 748 shares of the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $40.02, for a total transaction of $29,934.96. Following the sale, the executive vice president owned 22,307 shares in the company, valued at $892,726.14. This represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Tyrone Graham sold 2,285 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $39.91, for a total value of $91,194.35. Following the sale, the executive vice president owned 13,443 shares in the company, valued at approximately $536,510.13. This represents a 14.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 8,482 shares of company stock worth $335,658. Company insiders own 1.63% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC grew its stake in shares of Amalgamated Financial by 11.0% during the fourth quarter. Quadrant Capital Group LLC now owns 3,136 shares of the company’s stock valued at $100,000 after buying an additional 312 shares during the last quarter. Intech Investment Management LLC grew its stake in shares of Amalgamated Financial by 3.4% during the third quarter. Intech Investment Management LLC now owns 11,628 shares of the company’s stock valued at $316,000 after buying an additional 383 shares during the last quarter. Osaic Holdings Inc. grew its stake 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 valued at $34,000 after buying an additional 391 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Amalgamated Financial by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,654 shares of the company’s stock valued at $306,000 after buying an additional 468 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Amalgamated Financial by 3.3% during the fourth quarter. Bank of Montreal Can now owns 20,807 shares of the company’s stock valued at $666,000 after buying an additional 674 shares during the last quarter. Institutional investors own 75.93% of the company’s stock.

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.