Amalgamated Financial Corp. (NASDAQ:AMAL) Surpasses Earnings and Revenue Estimates

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]