Amalgamated Financial Corp.

NasdaqGM:AMAL 株式レポート

時価総額：US$1.2b

Amalgamated Financial 将来の成長

Future 基準チェック /26

Amalgamated Financialは、13.5%と12.6%でそれぞれ年率13.5%で利益と収益が成長すると予測される一方、EPSはgrowで14.9%年率。

主要情報

13.5%

収益成長率

14.93%

EPS成長率

Banks 収益成長8.2%
収益成長率12.6%
将来の株主資本利益率n/a
アナリストカバレッジ

Low

最終更新日26 Apr 2026

今後の成長に関する最新情報

Recent updates

ナラティブの更新 • May 18

AMAL: Strong Return Profile And Credit Repair Are Expected To Unlock Upside

Narrative Update on Amalgamated Financial Analysts have lifted the fair value estimate for Amalgamated Financial from $42 to $46, citing updated assumptions around revenue growth, profit margins, discount rates, and future P/E multiples following recent price target increases from several research firms. Analyst Commentary Street research around Amalgamated Financial has centered on revised price targets and a fresh look at credit quality, all of which feeds directly into how analysts are thinking about valuation, earnings power, and execution risk.
ナラティブの更新 • Apr 30

AMAL: Credit Discipline And Buybacks Will Shape Future Return Balance

Narrative Update on Amalgamated Financial The updated analyst price target for Amalgamated Financial moves to $44 from $41, a $3 change, as analysts point to adjusted assumptions around revenue growth, profit margins, and future P/E. Recent research also highlights both the bank's return profile and its ongoing attention to credit quality in areas such as rent-regulated multifamily and consumer solar.
ナラティブの更新 • Apr 16

AMAL: Credit Execution And Payout Decisions Will Shape Balanced Return Outlook

Narrative Update on Amalgamated Financial The updated analyst price target for Amalgamated Financial is $41, up from $33. Analysts highlight a solid return profile while monitoring credit trends following stress in rent regulated multifamily and consumer solar in 2025.
ナラティブの更新 • Apr 02

AMAL: Strong Returns And Credit Repair Will Shape Future Capital Returns

Analysts have recently lifted their price target on Amalgamated Financial to $41, a $3 change, citing the bank's strong return profile while watching for progress on credit after recent stress in rent-regulated multifamily and consumer solar exposures. Analyst Commentary Bullish Takeaways Bullish analysts highlight Amalgamated Financial's strong return profile as a key support for the new US$41 price target, suggesting the business model is currently backing the valuation case.
ナラティブの更新 • Mar 18

AMAL: Credit Risk Resolution And Capital Returns Will Drive Future Upside

Analysts have nudged their fair value estimate for Amalgamated Financial higher to $42.00 from $40.50, citing a solid return profile and balanced views on credit after recent stress in rent regulated multifamily and consumer solar. Analyst Commentary Bullish Takeaways Bullish analysts see the higher fair value estimates and price targets, such as US$41, as aligned with what they describe as a solid return profile for Amalgamated Financial.
ナラティブの更新 • Mar 04

AMAL: Buybacks And Dividend Raise Will Support Future Earnings Repricing

Analysts have raised their price target on Amalgamated Financial by $7, citing updated assumptions around revenue growth, profit margins, and future P/E that are reflected in the latest model revisions. Analyst Commentary Recent research updates show bullish analysts becoming more constructive on Amalgamated Financial’s risk and reward profile, with the latest $7 price target adjustment reflecting refreshed views on earnings power and valuation.
ナラティブの更新 • Feb 18

AMAL: Buybacks And Dividend Raise Will Support Earnings While Rate Sensitivity Remains

Narrative Update on Amalgamated Financial The analyst price target for Amalgamated Financial has been reset from $36.00 to $43.00. Analysts point to updated assumptions around revenue growth, profit margins, and future P/E expectations to support the higher valuation framework.
ナラティブの更新 • Feb 04

AMAL: Future P/E Reassessment And Capital Returns Will Shape Returns

Analysts have raised their price target on Amalgamated Financial to $40.50 from $33.00, reflecting updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions informed by recent research. Analyst Commentary Recent research behind the move to a US$40.50 price target focuses on how Amalgamated Financial is executing on its existing plan, the quality of its earnings profile, and what a reasonable P/E range might look like for the stock.
ナラティブの更新 • Jan 21

AMAL: Future Dividend And Earnings Guidance Will Shape Balanced Return Outlook

Analysts have revised their price target for Amalgamated Financial to $33 from $27, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E expectations. What's in the News The Board of Directors authorized a $0.03 increase in the quarterly dividend to $0.17 per common share, payable on February 19, 2026, for stockholders of record on February 3, 2026 (Dividend Increases).
ナラティブの更新 • Jan 07

AMAL: Guidance And Buybacks Will Support Earnings While Rate Sensitivity Remains

Analysts have nudged their price target on Amalgamated Financial to $36.00, citing updated assumptions around slightly higher expected revenue growth, a marginally lower discount rate, and a modestly lower projected future P/E multiple and profit margin. What's in the News Amalgamated Financial raised its full year 2025 core pretax pre provision earnings guidance to a range of $164 million to $165 million, and tightened its 2025 net interest income guidance to $295 million to $296 million, based on the 2025 forward rate curve (company guidance).
ナラティブの更新 • Dec 14

AMAL: Guidance And Buybacks Will Support Earnings Despite Rate Cut Sensitivity

Analysts have trimmed their price target on Amalgamated Financial by approximately 8 percent to about $36, citing slightly slower expected revenue growth, modestly lower profit margins, and a marginally higher discount rate. Together, these factors temper the valuation outlook despite stable forward earnings multiples.
ナラティブの更新 • Aug 06

ESG Banking And Digital Modernization Will Boost Future Value

The decrease in Amalgamated Financial’s consensus price target reflects a combination of a lower future P/E ratio and a higher discount rate, indicating tempered growth expectations and increased risk, resulting in a revised fair value of $33.00. What's in the News Repurchased 401,000 shares (1.31%) for $12.02 million, completing announced buyback.
Seeking Alpha • Jun 14

Amalgamated Financial: No Longer Attractively Priced Following The Tariff Announcements (Rating Downgrade)

Summary The overall economic slowdown, steel and aluminum tariffs, and mass deportations can hurt the C&I and multifamily markets in New York City. The net interest margin will likely continue to drop because of anticipated Fed funds rate cuts. I’m reducing my EPS estimate to $3.25 from my previous estimate of $3.50 for 2025. I’m downgrading to hold because AMAL is currently offering a dividend yield of just 1.9% and a small price downside. Read the full article on Seeking Alpha
Seeking Alpha • Mar 25

Amalgamated Financial: Margin To Lift Earnings, Buy

Summary While Amalgamated Financial's commercial loan segments will suffer because of an uncertain business environment, solar loans will likely continue to surge. The management is planning to fund loan growth by liquidating securities. This will shift the asset mix towards higher-yielding assets, thereby lifting the net interest margin. Due to the withdrawal of political deposits, the funding mix has worsened, which should hurt the margin in 1Q-2025. The situation will improve as political deposits are rebuilt. I'm maintaining a buy rating as AMAL is offering an expected price upside of 9.1% and a dividend yield of 1.9%. Read the full article on Seeking Alpha
Seeking Alpha • Dec 30

Amalgamated Financial: Still Bullish After Terrific Upside

Summary Amalgamated Financial, focusing on mission-based customer segments, has seen significant growth in deposits, loans, and net interest income, making it a strong investment. Shares have risen 37.1% since May, outperforming the S&P 500, driven by improved margins, higher revenue, and strong asset quality. Despite shares not being as cheap as before, the bank's high-quality assets and attractive pricing relative to peers justify a 'soft buy' rating. With continued balance sheet growth and a solid return on equity, further upside for Amalgamated Financial is likely, warranting ongoing investment attention. Read the full article on Seeking Alpha
Seeking Alpha • Oct 04

Amalgamated Financial: A Positive Outlook Due To Political Deposits And Organic Loan Growth

Summary Earnings will benefit this year from on and off-balance sheet political deposits. The residential mortgage segment will likely drive loan growth next year. It will counter the negative effect of interest rate cuts on the margin. I’m increasing my earnings estimate following the better-than-expected first-half results. The December 2025 target price suggests a small upside from the current market price. Additionally, AMAL is offering a dividend yield of 1.6%. Read the full article on Seeking Alpha
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新しいナラティブ • Sep 24

Mission-Driven Banking Strategy Boosts Deposits And Pioneers Climate Finance Growth

The mission-based banking model and focus on purpose-driven customers in specific sectors is enhancing deposit growth and net interest income.
Seeking Alpha • May 23

Amalgamated Financial: Decent Enough

Summary Amalgamated Financial is a growing bank with a strong track record of rapid growth and high-quality assets. The bank offers a wide range of banking services, including loans, deposits, and investment management. While there are some risks, such as high uninsured deposit exposure, the bank's attractive valuation and solid performance make it a potential buy. Read the full article on Seeking Alpha
分析記事 • Apr 27

Amalgamated Financial's (NASDAQ:AMAL) Upcoming Dividend Will Be Larger Than Last Year's

The board of Amalgamated Financial Corp. ( NASDAQ:AMAL ) has announced that it will be increasing its dividend by 20...
Seeking Alpha • Feb 21

Amalgamated Financial: Earnings Outlook Remains Positive Thanks To Loans And Margin

Summary Planned changes in the balance sheet will likely boost Amalgamated Financial's net interest margin this year. Local job markets give hope that loan growth can remain at a decent level. The December 2024 target price suggests a moderate upside. Further, AMAL is offering a low dividend yield. Read the full article on Seeking Alpha
分析記事 • Jan 04

Here's Why We Think Amalgamated Financial (NASDAQ:AMAL) Is Well Worth Watching

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
分析記事 • Oct 29

Amalgamated Financial (NASDAQ:AMAL) Is Due To Pay A Dividend Of $0.10

Amalgamated Financial Corp. ( NASDAQ:AMAL ) has announced that it will pay a dividend of $0.10 per share on the 24th of...
分析記事 • Jul 29

Amalgamated Financial (NASDAQ:AMAL) Is Due To Pay A Dividend Of $0.10

Amalgamated Financial Corp. ( NASDAQ:AMAL ) will pay a dividend of $0.10 on the 22nd of August. This means the annual...
分析記事 • Jul 19

If EPS Growth Is Important To You, Amalgamated Financial (NASDAQ:AMAL) Presents An Opportunity

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Seeking Alpha • Aug 26

Amalgamated Financial: Strong Earnings Growth Appears Priced In

Summary Investments in human resources, and certain economic factors will keep loan growth at a decent level. However, loan growth will decline from the unusually high second-quarter level. Neither the assets nor the liabilities are very rate-sensitive. The December 2022 target price suggests a small upside from the current market price. Further, AMAL is offering a low dividend yield. Earnings of Amalgamated Financial Corp. (AMAL) will continue to surge through the end of 2023. Strong loan growth will likely be the chief catalyst for earnings in the next year and a half. Further, moderate margin expansion will support the bottom line. On the other hand, higher provisioning for expected loan losses will constrain earnings growth. Overall, I'm expecting Amalgamated Financial to report earnings of $2.35 per share for 2022, up 40% year-over-year. For 2023, I'm expecting earnings to grow by a further 12% to $2.63 per share. The year-end target price is quite close to the current market price. Therefore, I'm adopting a hold rating on Amalgamated Financial Corp. Loan Growth to Decelerate from Second Quarter’s Unsustainable Level Amalgamated Financial's loan book grew by an outstanding 10% in the first half of 2022, or 20% annualized, which is quite unusual given the historical trend. Going forward, loan growth will likely remain at a decent level due to team expansion plans. Amalgamated Financial is planning to invest in talent, which should further propel loan growth. This hiring would be broad-based and ‘across critical roles’, as mentioned in the earnings presentation. Amalgamated Financial has a well-diversified loan portfolio with various types of loans, from residential real estate to commercial and industrial loans to consumer solar loans. Geographically as well, Amalgamated Financial is very diverse with its digital banking platform offering banking services across the country. Physically, however, Amalgamated Financial is present in only New York City, Washington D.C., and San Francisco. Given the profile of the company's portfolio, the U.S. coincident index is a good gauge of credit demand as it is broad-based and includes several economic indicators. As shown below, the index is in a good place in a historical context. Philly Fed US Coincident Index data by YCharts The Conference Board's Leading Economic Index is also an appropriate indicator of credit demand. This index, however, presents a less rosy picture of the economic outlook, which is bad news for credit demand. The Conference Board Given the mixed economic outlook, I'm expecting loan growth to decelerate to 8% annualized in the second half of 2022. For 2023, I'm expecting further deceleration to 4%. Margin to Expand Moderately due to Rising Interest Rates Amalgamated Financial's net interest margin expanded by 27 basis points during the second quarter of 2022 mostly due to loan growth. The rising rate environment also contributed to the increase in the margin, but to a limited extent. As can be gleaned from information given in the second quarter's 10-Q filing, only around 30% of the loan portfolio will re-price or mature within a year. Further, only around 32% of the securities portfolio carries variable rates, as mentioned in the presentation. Therefore, the average earning asset yield is not very responsive to rate hikes. Fortunately, the deposit cost is also quite sticky. Non-interest-bearing deposits made up a whopping 54% of total deposits at the end of June 2022. These deposits will restrain the average deposit cost as market interest rates rise. The results of the management's interest-rate sensitivity analysis given in the 10-Q filing show that a 200-basis points hike in interest rates could boost the net interest income by 6.9% over twelve months. Considering these factors, I'm expecting the margin to increase by ten basis points in the second half of 2022, before stabilizing in 2023. Higher-than-Average Provisioning Likely Allowances were 161.8% of nonaccrual loans at the end of June 2022. This coverage seems a bit tight, but I'm not too concerned because a majority of the loans are backed by real estate. Additionally, most of Amalgamated Financial’s loans are based on fixed rates. Therefore, higher interest rates will not hurt the debt servicing ability of a majority of the company’s borrowers. However, high inflation could lead to financial stress for borrowers; consequently, it could damage the portfolio’s credit quality. Further, like other banks, Amalgamated Financial may want to bolster its reserves due to the threats of a recession. Considering these factors, I'm expecting the provision expense to be slightly above average for the second half of 2022 and full-year 2023. I'm expecting the net provision expense to make up around 0.31% of total loans (annualized) in each quarter till the end of 2023. In comparison, the net provision expense averaged 0.27% of total loans in the last three years. Expecting Earnings to Surge by 40% Earnings of Amalgamated Financial will likely surge this year mostly on the back of strong loan growth. Further, the subdued margin expansion will support the bottom line. On the other hand, higher provisioning will restrict earnings growth. Overall, I'm expecting Amalgamated Financial to report earnings of $2.35 per share for 2022, up 40% year-over-year. For 2023, I'm expecting the company to report earnings of $2.63 per share, up 12% year-over-year. The following table shows my income statement estimates. FY19 FY20 FY21 FY22E FY23E Income Statement Net interest income 167 180 174 225 248 Provision for loan losses 4 25 (0) 11 12 Non-interest income 29 41 28 29 30 Non-interest expense 128 134 132 145 156 Net income - Common Sh. 47 46 53 73 82 EPS - Diluted ($) 1.47 1.48 1.68 2.35 2.63 Source: SEC Filings, Earnings Releases, Author's Estimates (In USD million unless otherwise specified) Actual earnings may differ materially from estimates because of the risks and uncertainties related to inflation, and consequently the timing and magnitude of interest rate hikes. Further, a stronger or longer-than-anticipated recession can increase the provisioning for expected loan losses beyond my estimates. Erosion in Equity Book Value Likely Due to a large balance of fixed-rate available-for-sale securities, Amalgamated Financial’s equity book value has plunged so far this year. As interest rates increased, the market value of the available-for-sale securities declined, leading to sizable unrealized losses. These losses skipped the income statement and flowed into the equity account through other comprehensive income, as per relevant accounting standards. Amalgamated Financial’s tangible book value dropped to $15.69 per share at the end of June 2022 from $17.56 per share at the end of December 2021. Going forward, the tangible book value will slip further as I'm anticipating a 150 basis points hike in interest rate in the second half of 2022 (including the 75 basis points raise in July). However, as mentioned in the presentation, Amalgamated Financial transferred $277.3 million of available-for-sale securities into the held-to-maturity portfolio during the second quarter to reduce potential mark-to-market volatility. This transference will reduce the impact on the equity book value. Further, retained earnings, as discussed above, will support the book value per share. The following table shows my balance sheet estimates.

業績と収益の成長予測

NasdaqGM:AMAL - アナリストの将来予測と過去の財務データ ( )USD Millions
日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数
12/31/2027398133N/AN/A2
12/31/2026374118N/AN/A2
3/31/2026316105153158N/A
12/31/2025312104134136N/A
9/30/2025306102125128N/A
6/30/2025305103122124N/A
3/31/2025304104124127N/A
12/31/2024304106122124N/A
9/30/2024304105109110N/A
6/30/202429299113114N/A
3/31/202428494112114N/A
12/31/202327588116117N/A
9/30/202326990154155N/A
6/30/202326891140141N/A
3/31/202326289164165N/A
12/31/202224881146147N/A
9/30/202223773110111N/A
6/30/202222364112114N/A
3/31/2022207557375N/A
12/31/2021203536871N/A
9/30/20211985197100N/A
6/30/2021200497173N/A
3/31/2021200495960N/A
12/31/2020196466466N/A
9/30/2020195444950N/A
6/30/2020190453839N/A
3/31/2020191467981N/A
12/31/201919247N/A83N/A
9/30/201918951N/A58N/A
6/30/201918647N/A44N/A
3/31/201918548N/A37N/A
12/31/201817845N/A31N/A
9/30/201816925N/A41N/A
6/30/201816020N/A103N/A
3/31/201814611N/A23N/A
12/31/20171426N/A24N/A
12/31/201612811N/A9N/A

アナリストによる今後の成長予測

収入対貯蓄率: AMALの予測収益成長率 (年間13.5% ) は 貯蓄率 ( 3.5% ) を上回っています。

収益対市場: AMALの収益 ( 13.5% ) US市場 ( 16.8% ) よりも低い成長が予測されています。

高成長収益: AMALの収益は増加すると予測されていますが、大幅には増加しません。

収益対市場: AMALの収益 ( 12.6% ) US市場 ( 11.6% ) よりも速いペースで成長すると予測されています。

高い収益成長: AMALの収益 ( 12.6% ) 20%よりも低い成長が予測されています。

一株当たり利益成長率予想

将来の株主資本利益率

将来のROE: AMALの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です

成長企業の発掘

7D

1Y

7D

1Y

7D

1Y

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2026/05/20 06:45
終値2026/05/20 00:00
収益2026/03/31
年間収益2025/12/31

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。

シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。

業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

Amalgamated Financial Corp. 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。7

アナリスト機関
Jason GoldbergBarclays
Jason GoldbergBarclays
Steven AlexopoulosJ.P. Morgan