AMAL Earnings Prediction
The chart below shows how AMAL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AMAL sees a -3.41% change in stock price 10 days leading up to the earnings, and a +1.62% change 10 days following the report. On the earnings day itself, the stock moves by +0.21%. This data can give you a slight idea of what to expect for the next quarter's release.
AMAL Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
71.96M
7.55%
-4.15%
Gross Margin
--
--
--
Operating Margin
46.67%
-1.02%
-10.28%
Net Margin
34.04%
0.35%
-8.54%
EPS
0.79
8.22%
-12.22%
No Data Available
AMAL Earnings Analysis
Amalgamated Bank Corporation (AMAL.O) Earnings Conference Call
Positive
Strong Core Earnings: Core earnings per share reached $0.90, demonstrating strong profitability and sustainability in earnings.
Deposit Growth Increase: Total deposits, excluding brokered CDs, increased by $410.8 million, representing over 6% growth in a challenging banking environment.
Strong Loan Growth Impact: Record earnings of $106.4 million for the full year were driven by strong loan growth and expanding margins.
Strong Capital Position: The CET1 ratio stands at an industry-leading 13.9%, reflecting a strong capital position and conservative risk-based allocation.
Dividend Increase and Share Repurchase: A 17% increase in dividends was authorized by the Board of Directors, alongside share repurchases totaling approximately $845,000 in Q4.
Negative
Deposit Decline Analysis: Total deposits decreased by $414,000,000 from the linked quarter, indicating a significant outflow and a 4.2% decline in on-balance sheet deposits excluding brokered CDs.
Pre-Tax Loss Impact: The company reported a pre-tax loss of $4,000,000 from marking and moving $32,000,000 of performing residential loans to held for sale, contributing to a decline in GAAP EPS.
Deteriorating Asset Quality: Criticized assets increased by $7,300,000 to $95,900,000, with downgrades to four commercial industrial loans totaling $38,200,000, reflecting deteriorating asset quality.
Net Interest Income Decline: The guidance for 2025 indicates a decrease in annual net interest income by approximately $1,700,000 for a parallel 25 basis point decrease in interest rates, suggesting potential revenue pressure.
Operating Expenses Increase: Operating expenses are projected to increase by 6% to $170,000,000 in 2025, which may outpace revenue growth and impact profitability.
AMAL FAQs
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AMAL Earning Call Sentiment
Earnings call transcript: Amalgamated Bank beats Q4 2024 earnings expectations
AMAL.O
2.71%Positive
The earnings call presents a mixed picture. While there is positive news with a dividend increase and share repurchases, concerns over deposit growth, loan portfolio risks, and competitive pressures weigh negatively. Additionally, the unclear management responses in the Q&A, particularly regarding expenses and Fed cuts, add uncertainty. The overall financial performance is stable but not exceptional, and the market reaction is likely to be muted, resulting in a neutral sentiment.
