Compared to Estimates, Amalgamated Financial (AMAL) Q1 Earnings: A Look at Key Metrics

Core Viewpoint - Amalgamated Financial (AMAL) reported strong quarterly results with revenue of $78.27 million, an 8% year-over-year increase, and an EPS of $0.83, up from $0.74 a year ago, exceeding market expectations [1] Financial Performance - Revenue of $78.27 million surpassed the Zacks Consensus Estimate of $75.77 million, resulting in a surprise of +3.30% [1] - EPS of $0.83 exceeded the consensus estimate of $0.72, delivering a surprise of +15.28% [1] - Efficiency Ratio stood at 48.8%, better than the average estimate of 51.5% from two analysts [2] - Average Balance of total interest-earning assets was $7.85 billion, slightly above the estimated $7.80 billion [2] - Annualized net charge-offs to average loans were 0.2%, lower than the average estimate of 0.3% [2] - Net Interest Margin was reported at 3.5%, matching the average estimate [2] - Net Interest Income reached $68.04 million, exceeding the average estimate of $67.21 million [2] - Service charges on deposit accounts were $6.14 million, significantly higher than the average estimate of $2.89 million [2] - Trust department fees amounted to $3.85 million, above the estimated $3.62 million [2] - Non-interest income was reported at $10.23 million, surpassing the average estimate of $8.54 million [2] Stock Performance - Shares of Amalgamated Financial have returned +0.2% over the past month, while the Zacks S&P 500 composite declined by -3% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]