Amalgamated Financial Q3 profit beats expectations on higher interest income

Amalgamated Financial

23/10/2025 11:33

Overview

Amalgamated Q3 core EPS beats analyst expectations

Net income for Q3 was $26.8 mln, up from $26.0 mln in prior qtr

Company repurchased 347,000 shares, totaling $10.4 mln

Outlook

Company did not provide specific guidance for future quarters

Result Drivers

NET INTEREST INCOME - Co's net interest income rose by $3.5 mln, driven by higher loan interest income and increased loan yields

DEPOSIT GROWTH - Political deposits increased by $235 mln, contributing to overall deposit growth

LOAN GROWTH - Net loans receivable increased by $77 mln, driven by commercial and industrial loan growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Core EPS
Beat
$0.91
$0.87 (2 Analysts)
Q3 EPS
$0.88
Q3 Core Net Income
$27.60 mln
Q3 Net Income
$26.79 mln
Q3 Net Interest Income
$76.44 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Amalgamated Financial Corp is $31.50, about 15.2% above its October 21 closing price of $26.70

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBw1CvYQja

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)