NasdaqGM:AMALBanks
How Investors Are Reacting To Amalgamated Financial (AMAL) Balancing Margin Gains With Slower Growth And Isolated Credit Issues
In recent months, Amalgamated Financial reported a solid first quarter with revenue rising year on year and topping analyst expectations, even as earnings per share and tangible book value per share came in below estimates and a single multifamily loan moved to nonaccrual.
At the same time, the bank’s net interest margin improved over the past two years while overall revenue growth slowed, highlighting a shift toward more profitable core lending despite a moderating top line and isolated...