Company Announcements - Amalgamated Financial Corp will release its Q4 and full year 2024 financial results before market open on January 23, 2025 [2] - The company will host a conference call at 11:00 a m Eastern Time on January 23, 2025 to discuss the financial results [2] - A replay of the conference call will be available within two hours after the call and accessible online or by phone until January 30, 2025 [1] Company Overview - Amalgamated Financial Corp is a Delaware public benefit corporation and bank holding company engaged in commercial banking and financial services through its subsidiary Amalgamated Bank [3] - Amalgamated Bank is a New York-based full-service commercial bank and chartered trust company with 5 branches across New York City, Washington D C, and San Francisco, plus a commercial office in Boston [3] - The bank was founded in 1923 by the Amalgamated Clothing Workers of America and provides commercial banking and trust services nationally [3] - As of September 30, 2024, the company had total assets of $8 4 billion, total net loans of $4 5 billion, and total deposits of $7 6 billion [3] - The trust business held $35 4 billion in assets under custody and $14 6 billion in assets under management as of September 30, 2024 [3] Investor Relations - Investors and analysts can participate in the conference call by dialing 1-877-407-9716 (international callers dial 1-201-493-6779) 10 minutes prior to the call [4] - A live audio webcast of the conference call will be available on the company's investor relations website [4] - Investor contact information is provided for Jamie Lillis at Solebury Strategic Communications [5]

Back in May of this year, I wrote my first-ever article about Amalgamated Financial (NASDAQ: AMAL ). Like any bank, it engages in traditional banking activities for its customers. However, it is an enterprise that has specificCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow an ...

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Amalgamated Financial (AMAL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.Amalgamated Financial is one of 871 companies in the Finance group. ...

Group 1 - Amalgamated Financial (AMAL) has outperformed its Finance sector peers with a year-to-date performance increase of approximately 36.1%, compared to the sector average gain of about 23.9% [4] - The Zacks Consensus Estimate for AMAL's full-year earnings has increased by 5.2% over the past quarter, indicating stronger analyst sentiment and an improving earnings outlook [4] - Amalgamated Financial holds a Zacks Rank of 2 (Buy), reflecting its potential to outperform the market in the near term [3] Group 2 - Amalgamated Financial is part of the Financial - SBIC & Commercial Industry, which consists of 36 individual stocks and currently ranks 150 in the Zacks Industry Rank [6] - Stocks in the Financial - SBIC & Commercial Industry have gained about 6.1% year-to-date, indicating that AMAL is performing better than its immediate industry peers [6] - Jackson Financial (JXN), another Finance stock, has also outperformed the sector with a year-to-date increase of 111.3% and holds a Zacks Rank of 1 (Strong Buy) [5][7]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Summary: Amalgamated Financial (AMAL) - AMAL currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] - Over the past week, AMAL shares increased by 8.65%, significantly outperforming the Zacks Financial - SBIC & Commercial Industry, which rose by 1.51% [5] - In the last month, AMAL's shares rose by 9.38%, while the industry only saw a 0.26% increase [5] - Over the past quarter, AMAL shares have risen by 20.7%, and over the last year, they have surged by 87.07%, compared to the S&P 500's increases of 12.69% and 37.58%, respectively [6] - The average 20-day trading volume for AMAL is 220,431 shares, indicating a bullish trend as the stock is rising with above-average volume [7] Earnings Outlook - In the past two months, one earnings estimate for AMAL has increased, while none have decreased, raising the consensus estimate from $3.29 to $3.46 [9] - For the next fiscal year, one estimate has also moved upwards with no downward revisions, reinforcing the positive earnings outlook for AMAL [9] - These factors contribute to AMAL's status as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [9]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number: 001-40136 Amalgamated Financial Corp. (Exact name of registrant as specified in its charter) Delaware 85-2757101 (State or other jurisdiction ...

Investors might want to bet on Amalgamated Financial (AMAL) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. Analysts' growing optimism on the earnings prospects of this bank is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estima ...

Financial Data and Key Metrics Changes - Net income for Q3 2024 was $27.9 million, or $0.90 per diluted share, with core net income at $28 million, or $0.91 per diluted share, reflecting improved earnings [13] - Total deposits increased by $145.6 million to $7.6 billion, with on-balance sheet deposits (excluding Brokered CDs) rising by $196.9 million, or 2.7% [18] - The tangible book value per share increased by $1.69, or 8.2%, to $22.29, supported by strong earnings [16] Business Line Data and Key Metrics Changes - The deposit franchise saw $311 million in new deposits, with significant growth in social, philanthropy, and sustainable customer segments [6] - Loan growth accelerated to 2.7% in Q3, with a balanced contribution from commercial and industrial, real estate, and sustainable lending [8][20] - Non-performing assets decreased by $7.1 million to $28.6 million, representing 0.34% of total assets [22] Market Data and Key Metrics Changes - Political deposit balances grew by 13% to $2 billion, surpassing previous peaks, with expectations for a trough between $850 million and $875 million by year-end [7][27] - The sustainable lending segment is projected to grow significantly, with an estimated $3 trillion needed for climate finance over the next decade [10] Company Strategy and Development Direction - The company is focused on sustainable banking and plans to enhance its trust business by investing in sales capacity and digital acceleration [26] - A new tagline, "Bank on Impact," reflects the company's commitment to socially responsible banking and aligns with customer values [5] - The company aims to achieve a Tier 1 leverage ratio of 9% by early to mid-2025, prioritizing capital build and regulatory compliance [46][47] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth opportunities, particularly in sustainable lending and the transition to a clean economy [10][12] - The company anticipates continued deposit strength and flexibility in structuring its balance sheet for sustainable profitability [15] - Management acknowledged potential challenges in the political deposit segment but expects a rebuild in the first quarter of 2025 [28][29] Other Important Information - The company has made strategic IT investments and added to its sustainable lending team to support growth initiatives [9][11] - The effective paydowns in the commercial and industrial segment were less than expected, allowing for a steady loan pipeline [8] Q&A Session Summary Question: What strategic changes are being made in the trust business? - The company is enhancing revenue quality in the trust business and plans to invest in sales capacity and digital acceleration [25][26] Question: What is the expected year-end level for political deposits? - Political deposits are expected to trough between $850 million and $875 million by year-end [27] Question: Will there be additional runoff in the first quarter? - It is expected that political deposits will flatten out and begin to rebuild towards the end of the first quarter [28][29] Question: Can you clarify the charge-off in the consumer solar space? - The charge-off was related to a traditional consumer solar portfolio, not PACE loans, with a small reserve coverage [30][31] Question: What is the outlook for expense growth? - Expenses are expected to remain in the range of $40 million to $40.5 million for Q4, with some elevated costs being one-time in nature [33] Question: Can you provide insight into the loan pipeline? - The company is optimistic about the loan pipeline, expecting growth in the range of 1% to 2% for Q4, with strong yields in the commercial and industrial space [35][36] Question: What is the updated read on Tier 1 leverage? - The company aims to reach a 9% Tier 1 leverage ratio by early to mid-2025, with plans for a return of capital strategy to be discussed in Q4 [46][47]

Amalgamated Financial Corp. Third Quarter 2024 Earnings Presentation October 24, 2024 1 Safe Harbor Statements FORWARD-LOOKING STATEMENTS Statements included in this presentation that are not historical in nature are intended to be, and are hereby identified as, forward-looking statements within the meaning of the Private Securities Litigation Reform Act, Section 21E of the Securities Exchange Act of 1934, as amended. Forwardlooking statements are not statements of historical or current fact nor are they as ...

Amalgamated Financial (AMAL) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.64%. A quarter ago, it was expected that this bank would post earnings of $0.79 per share when it actually produced earnings of $0.85, delivering a surprise of 7.59%.Over the last four quarters, the company ...