MIDDLETOWN, R.I., Feb. 05, 2026 (GLOBE NEWSWIRE) -- Embrace Home Loans, a national independent mortgage lender, announced an agreement with Amalgamated Bank to provide residential mortgage financing for the bank’s customers. Amalgamated Bank is a subsidiary of Amalgamated Financial Corp. (Nasdaq: AMAL).         Under the agreement, Amalgamated Bank will direct customers seeking residential mortgages to Embrace, which will originate and service mortgage loans through a platform specifically designed for the ...

Key Takeaways USCB Financial, AMAL, CDRE, CADE, MCB recently announced dividend hikes despite ongoing economic uncertainty.USCB declared a 13-cent dividend, reflecting its consistent payout growth and a payout ratio of 25%.Cadence Bank raised its dividend to 34 cents, marking its sixth increase in five years with a 2.4% yield.The U.S. economy remains resilient; however, investors are concerned over various domestic and geopolitical headwinds that may trigger sudden bouts of market volatility. The U.S. GDP g ...

Core Insights - Amalgamated Financial Corp. (NASDAQ:AMAL) reported earnings per share (EPS) of $0.99, exceeding the estimated $0.91 and showing a year-over-year improvement from $0.90 [1][6] - The company's revenue reached approximately $87.9 million, surpassing the estimated $85.4 million and reflecting a significant increase from $77.88 million in the same quarter last year [2][6] Financial Metrics - AMAL has a price-to-earnings (P/E) ratio of approximately 10.98, indicating the market's valuation of its earnings [3][6] - The price-to-sales ratio is about 2.49, while the enterprise value to sales ratio stands at around 2.43, suggesting the market's valuation relative to its revenue [3] - The company maintains a low debt-to-equity ratio of 0.12, demonstrating conservative debt management [4][6] Cash Flow and Investment Attractiveness - AMAL's enterprise value to operating cash flow ratio is approximately 8.54, indicating its cash flow generation relative to valuation [4] - The earnings yield of 9.10% highlights the company's attractiveness to investors based on its earnings [5] - The company reported record quarterly deposit growth of nearly $1 billion and core net income of $30 million, or $0.99 per diluted share, underscoring its strong position in the banking sector [5]

Financial Data and Key Metrics Changes - Core earnings were $0.99 per diluted share, indicating consistent earnings power and potential for growing returns on tangible common equity [4] - Net income was $26.6 million, or $0.88 per diluted share, with core net income at $30 million, or $0.99 per diluted share [11] - Net interest income grew by 1.8% to $77.9 million, exceeding guidance [12] - Tangible book value per share rose $0.87, or 3.4%, with a strong tier one leverage ratio of 9.36% [13] Business Line Data and Key Metrics Changes - On-balance sheet deposits grew by $179 million to $7.9 billion, while off-balance sheet deposits increased by $789 million to $1.1 billion [4] - Loans increased by $167 million, or 3.5%, to $4.9 billion, with growth in growth mode portfolios accelerating to 7% [5][6] - The PACE portfolio saw total assessments grow by $38 million, or 3%, to $1.3 billion [7] Market Data and Key Metrics Changes - Political deposits increased by $287 million to $1.7 billion, reflecting growth in fundraising ahead of elections [5] - Not-for-profit deposits grew by $388 million, social and philanthropy deposits by $122 million, and climate and sustainability deposits by $77 million [5] Company Strategy and Development Direction - The company aims to cross $10 billion in assets and is investing in people and technology for growth [7] - The business model is positioned for reliable growth, with a focus on profitability tied to mission purpose and a strong capital base [10] - The management team emphasizes disciplined balance sheet management and a values-aligned client franchise to attract mission-driven deposits [43] Management's Comments on Operating Environment and Future Outlook - The management highlighted the challenges faced in the banking sector, including rapid rate hikes and liquidity drains, but noted the bank's growth from $6 billion to nearly $9 billion in assets [8][9] - Expectations for growth and performance in 2026 are bold, with guidance indicating net interest income growth of 10%-11% and core pre-tax, pre-provision earnings growth of 9%-10% [16] Other Important Information - The company is implementing a new tax strategy that aims to improve the effective tax rate, targeting 26.5% for the upcoming year [25] - Asset quality metrics remained solid, although there was some credit turbulence, particularly related to a borrower in the DC market [14][15] Q&A Session Summary Question: Outlook for provision in 2026 and effective tax rate - Management expects provision outlook to remain similar to 2025, with a conservative approach to provisioning due to credit activity [24][25] Question: Political deposits outlook - Management anticipates growth in political deposits leading up to the election, with a strong pipeline for fundraising [27][28] Question: Multifamily growth and geographic distribution - Multifamily growth was strong, with nearly half of the growth occurring outside New York City, indicating good geographic diversification [29][31] Question: NIM expansion and commercial loan yields - NIM expansion was noted despite a down rate quarter, with loan yields expected to rise, particularly from repricing older real estate loans [34][35] Question: Growth potential of the PACE portfolio - There is significant room for growth in the CPACE portfolio, with strong yield opportunities and a focus on commercial PACE [36][37]

Financial Data and Key Metrics Changes - Core earnings were $0.99 per diluted share, indicating consistent earnings power and positioning for growing returns on tangible common equity [4] - Net income was $26.6 million, or $0.88 per diluted share, with core net income at $30 million, or $0.99 per diluted share [11] - Net interest income grew by 1.8% to $77.9 million, exceeding guidance [12] - Tangible book value per share rose $0.87, or 3.4%, and tier one leverage was strong at 9.36% [13] Business Line Data and Key Metrics Changes - On-balance sheet deposits grew by $179 million to $7.9 billion, while off-balance sheet deposits increased by $789 million to $1.1 billion [4] - Loans increased by $167 million, or 3.5%, to $4.9 billion, with growth in multifamily, commercial real estate (CRE), and commercial and industrial (C&I) portfolios increasing by 7% [5][6] - The PACE portfolio saw total assessments grow by $38 million, or 3%, to $1.3 billion [7] Market Data and Key Metrics Changes - Political deposits increased by $287 million to $1.7 billion, reflecting growth in fundraising ahead of elections [5] - Not-for-profit deposits grew by $388 million, social and philanthropy deposits increased by $122 million, and climate and sustainability deposits rose by $77 million [5] Company Strategy and Development Direction - The company aims to cross $10 billion in assets and is investing in people and technology for growth [7] - The business model is positioned for reliable growth, with a focus on profitability tied to mission purpose and a strong capital base [10] - The management team emphasizes disciplined execution and value creation as they enter 2026 [17] Management's Comments on Operating Environment and Future Outlook - The management highlighted the challenges faced in the banking sector, including rapid rate hikes and liquidity drains, but noted the bank's growth from $6 billion to nearly $9 billion [9] - Expectations for growth and performance in 2026 are bold, with guidance indicating net interest income growth of 10%-11% and core pre-tax, pre-provision earnings growth of 9%-10% [16] Other Important Information - The company is simplifying its financials by reducing non-core adjustments related to tax credits [14] - Asset quality metrics remained solid, although there was some credit turbulence, particularly related to a borrower in the DC market [15] Q&A Session Summary Question: Outlook for provision in 2026 and effective tax rate - Management expects provision outlook to be similar to 2025, with a target effective tax rate of 26.5% [23][25] Question: Political deposits outlook - Political deposits are expected to grow through the election, with a 20% quarter-over-quarter growth noted [27][28] Question: Multifamily growth specifics - Multifamily growth was strong, with nearly half coming from outside New York City, indicating good geographic diversification [29][31] Question: NIM expansion and commercial loan yields - NIM expansion was noted, with loan yields in the pipeline around 5.9%-6% for C&I and 5.70% for multifamily [34] Question: PACE portfolio growth outlook - There is significant room for growth in the CPACE portfolio, with strong yield opportunities and no restrictions on adding assets [36][37]

Financial Data and Key Metrics Changes - Core earnings were $0.99 per diluted share, indicating consistent earnings power and potential for growing returns on tangible common equity [4] - Net income was $26.6 million, or $0.88 per diluted share, with core net income at $30 million, or $0.99 per diluted share [11] - Net interest income grew by 1.8% to $77.9 million, exceeding guidance [12] - Tangible book value per share rose $0.87, or 3.4%, with a strong tier one leverage ratio of 9.36% [13] Business Line Data and Key Metrics Changes - On-balance sheet deposits grew by $179 million to $7.9 billion, while off-balance sheet deposits increased by $789 million to $1.1 billion [4] - Loans increased by $167 million, or 3.5%, to $4.9 billion, with growth in multifamily, commercial real estate (CRE), and commercial and industrial (C&I) loans increasing by 7% [5][6] - The PACE portfolio saw total assessments grow by $38 million, or 3%, to $1.3 billion [6] Market Data and Key Metrics Changes - Political deposits increased by $287 million to $1.7 billion, reflecting growth in fundraising ahead of the midterm elections [5] - Not-for-profit deposits grew by $388 million, social and philanthropy deposits by $122 million, and climate and sustainability deposits by $77 million [5] Company Strategy and Development Direction - The company aims to cross $10 billion in assets and is focused on responsible expansion through investments in people and technology [6][10] - The business model emphasizes profitability tied to mission purpose, with a focus on maintaining a strong capital base and asset quality [10] - The company is positioned to leverage market opportunities and trends, with a strong track record of performance [44] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in the banking sector, including rapid rate hikes and liquidity drains, but highlighted the bank's growth from $6 billion to nearly $9 billion in assets [8][9] - The outlook for 2026 includes targets for net interest income growth of 10%-11% and core return on average assets growth to 1.35% [16][17] - Management expressed confidence in the bank's ability to deliver quality returns on tangible common equity consistently [17] Other Important Information - The company recognized a $1.5 million tax credit, with a new tax strategy aimed at simplifying financials and reducing non-core adjustments [14] - Asset quality metrics remained solid, although there was some credit turbulence related to specific borrowers [15] Q&A Session Summary Question: Outlook for provision in 2026 based on credit perspective - Management expects provision outlook to be similar to 2025, with a conservative approach due to past challenges [22][25] Question: Thoughts on political deposits over the next quarters - Management anticipates growth in political deposits leading up to the election, with a strong pipeline for fundraising [27][28] Question: Multifamily growth and geographic distribution - Multifamily growth was strong, with nearly half coming from outside New York City, indicating good geographic diversification [29][30] Question: NIM expansion and commercial loan yields - NIM expansion was noted, with loan yields expected to rise, particularly from repricing older real estate loans [34][35] Question: Growth outlook for the PACE portfolio - Management sees significant growth potential in the PACE portfolio, with no restrictions on adding assets [36][37]

Financial Performance Highlights - Core EPS increased to $0.99 in 4Q25[13] - Core Net Income reached $30 million in 4Q25[12], an increase of 8.7% from the previous quarter[11] - Net Interest Income was $77.9 million in 4Q25[16], with a Net Interest Margin of 3.66%[18] Deposit Portfolio - Total GAAP Deposits amounted to $7.9 billion as of 4Q25[33] - Core Deposits totaled $8.9 billion, including $1.7 billion in political deposits[35] - Uninsured deposits represent 58% of total deposits[88], totaling $4.61 billion[88] Loan Portfolio - Total Loans outstanding were $4.96 billion[53] - Growth portfolios, including Commercial & Industrial, Multifamily, and Commercial Real Estate, grew by $217.6 million in the current quarter, a 7% increase[55] - Mission-aligned loans constitute 82% of the Multifamily CRE and Land portfolio[59] Asset Quality - Non-Performing Assets (NPA) to Total Assets ratio stood at 0.32%[62] - Criticized and Classified Loans totaled $109 million[67] - Allowance for Credit Losses on Loans represented 1.16% of total loans[76] Guidance - The company anticipates Net Interest Income between $327 million and $331 million for FY26, implying a growth of 10-11%[83] - Core Pre-Tax Pre-Provision Earnings are projected to be between $180 million and $183 million for FY26, reflecting a growth of 9-10%[83]

分组1 - Amalgamated Financial reported quarterly earnings of $0.99 per share, exceeding the Zacks Consensus Estimate of $0.91 per share, and showing an increase from $0.90 per share a year ago, resulting in an earnings surprise of +9.39% [1] - The company posted revenues of $85.2 million for the quarter ended December 2025, which was 1.62% below the Zacks Consensus Estimate, and an increase from $77.88 million year-over-year [2] - The stock has gained approximately 12.5% since the beginning of the year, outperforming the S&P 500's gain of 0.4% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.96 on revenues of $87.9 million, and for the current fiscal year, it is $4.00 on revenues of $359.1 million [7] - The Zacks Industry Rank for Financial - SBIC & Commercial Industry is currently in the bottom 26% of over 250 Zacks industries, indicating potential challenges for stock performance [8]

Financial Performance - Fourth Quarter 2025 net income was $26.6 million, or $0.88 per diluted share, compared to $26.8 million, or $0.88 per diluted share in the prior quarter[1]. - Full Year 2025 net income decreased by 1.9% to $104.4 million, or $3.41 per diluted share, while core net income increased by 3.6% to $111.6 million, or $3.64 per diluted share[2]. - Earnings per common share for the year were $3.44, slightly down from $3.48 in 2024[10]. - Basic earnings per share for Q4 2025 was $0.89, consistent with Q3 2025, and up from $0.80 in Q4 2024, reflecting a year-over-year increase of 11.25%[12]. - Core net income (non-GAAP) for Q4 2025 was $1.00 per share, compared to $0.91 in Q3 2025 and $0.91 in Q4 2024, indicating a 10% increase year-over-year[12]. - Net income for the year ended December 31, 2025, was $104.4 million, compared to $106.4 million in 2024, showing a decrease of 1.9%[10]. Asset and Deposit Growth - Total on-balance sheet deposits increased by $768.6 million, or 10.7%, to $7.9 billion for the full year 2025[2]. - Total off-balance sheet deposits increased by $789.2 million, or 11.1%, to $1.1 billion in the fourth quarter[1]. - As of December 31, 2025, total assets were $8.9 billion, total net loans were $4.9 billion, and total deposits were $7.9 billion[5]. - Total assets increased to $8,869,836 thousand as of December 31, 2025, up from $8,256,892 thousand a year earlier, representing a growth of 7.4%[11]. - Total deposits as of December 31, 2025, reached $7,949,241,000, up from $7,769,969,000 in the same period of 2024, reflecting a growth of 2.3%[17]. Loan and Credit Quality - Net loans receivable increased by $167.4 million, or 3.5%, to $4.9 billion in the fourth quarter, with commercial and industrial loans increasing by $60.9 million[4]. - Nonperforming assets totaled $28.7 million, or 0.32% of total assets, an increase from $23.0 million, or 0.26% in the prior quarter[4]. - Nonperforming assets totaled $28,651,000 as of December 31, 2025, compared to $25,870,000 a year earlier, indicating a rise of 6.9%[18]. - Criticized and classified loans amounted to $109,486,000, representing 2.21% of total loans as of December 31, 2025, up from 2.06% in the previous year[19]. - Nonaccrual loans to total loans ratio increased to 0.56% as of December 31, 2025, compared to 0.45% a year earlier, indicating a slight deterioration in asset quality[13]. Income and Expense Management - For the year ended December 31, 2025, net interest income was $297.8 million, an increase from $282.4 million in 2024, representing a growth of 5.0%[10]. - Non-interest income for the year was $30.9 million, down from $33.2 million in 2024, reflecting a decrease of 6.9%[10]. - Total non-interest expense for the year was $172.2 million, an increase from $159.8 million in 2024, representing an increase of 7.7%[10]. - The provision for credit losses for the year was $16.3 million, compared to $10.3 million in 2024, indicating an increase of 58.5%[10]. - The efficiency ratio for Q4 2025 was 54.46%, compared to 52.83% in Q4 2024, indicating a decline in operational efficiency[13]. Capital and Liquidity - The Common Equity Tier 1 Capital ratio was 14.26% as of December 31, 2025, compared to 14.21% in the prior quarter[4]. - Total stockholders' equity rose to $794,464 thousand as of December 31, 2025, up from $707,654 thousand a year earlier, marking an increase of 12.25%[11]. - The liquidity coverage ratio for uninsured deposits was 102.85% as of December 31, 2025, indicating strong liquidity management[13]. Market Outlook - The company anticipates potential challenges in the banking industry and economic conditions that may impact future performance[8].

"Amalgamated†) (Nasdaq: AMAL), the holding company for Amalgamated Bank (the "Bank†), today announced financial results for the fourth quarter and full year ended December 31, 2025. Fourth Quarter 2025 Highlights (on a linked quarter basis) Net income of $26.6 million, or $0.88 per diluted share, compared to $26.8 million, or $0.88 per diluted share. Core net income1 of $30.0 million, or $0.99 per diluted share, compared t. NEW YORK--(BUSINESS WIRE)--Amalgamated Financial Corp. (the "Company†or ...