Amalgamated Bank reports results for the quarter ended in September 30 - Earnings Summary

Amalgamated Financial

24/10/2024 17:21

* Amalgamated Bank  AMAL.OQ  reported quarterly adjusted
earnings
of 91 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of 76 cents.  The mean expectation of two analysts
for the quarter was for earnings of 83 cents per share.  83
cents per share.
    * Revenue rose 14.7% to $80.88 million from a year ago;
analysts
expected $80.44 million. 
    * Amalgamated Bank's reported EPS for the quarter was 90
cents​.
    * The company reported quarterly net income of $27.94
million.
    * Amalgamated Bank shares had risen by 8.3% this quarter and
gained 26.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 37.50 
This summary was machine generated from LSEG data October 24 at
04:21 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
 Sep. 30 2024      0.83           0.91           Beat
 Jun. 30 2024      0.79           0.85           Beat
 Mar. 31 2024      0.74           0.83           Beat
 Dec. 31 2023      0.72           0.72           Met