Amalgamated Bank reports results for the quarter ended December 31 - Earnings Summary

Amalgamated Financial

23/01/2025 14:31

* Amalgamated Bank  AMAL.OQ  reported quarterly adjusted
earnings
of 90 cents​​ per share for the quarter ended December 31,
higher than the same quarter last year, when the company
reported EPS of 72 cents.  The mean expectation of two analysts
for the quarter was for earnings of 88 cents per share. Wall
Street expected results to range from 87 cents to 89 cents per
share.
    * Revenue rose 8.9% to $82.58 million from a year ago;
analysts
expected $82.92 million. 
    * Amalgamated Bank's reported EPS for the quarter was 79
cents​.
    * The company reported quarterly net income of $24.49
million.
    * Amalgamated Bank shares had risen by 9.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Amalgamated Bank
is $43.50 
This summary was machine generated from LSEG data January 23 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.88           0.90           Beat
 Sep. 30 2024      0.83           0.91           Beat
 Jun. 30 2024      0.79           0.85           Beat
 Mar. 31 2024      0.74           0.83           Beat